The G-20 summit kicks off Tuesday. Here’s what to expect.
Indonesian Finance Minister Sri Mulyani (C front) attends the G20 Finance Ministers Meeting in Nusa Dua, on Indonesia’s resort island of Bali, on July 16, 2022.
SONNY TUMBELAKA | POOL | AFP via Getty Images
World leaders are kicking off a meeting Tuesday on the holiday island of Bali, Indonesia as the global economy grapples with a looming recession, central banks’ jumbo rate hikes and historically high inflation.
The annual meeting of leaders from the world’s major economies, known as the Group of 20 nations, is also taking place as Russia’s war in Ukraine drags on and relations between Washington and Beijing remain tense.
The gathering of officials that represent more than 80% of global GDP and 75% of exports worldwide marks the 17th meeting since the the platform kicked off after the Asian financial crisis in 1999 as a meeting for finance ministry officials and central bank leaders.
Who’s attending?
Nineteen countries and one economic region, the European Union, will attend this year’s two-day G-20 meeting.
This year’s in-person attendee list has been in the spotlight as Russian President Vladimir Putin continues his unprovoked war in Ukraine.
Putin will not be attending the summit and will instead be represented by Foreign Minister Sergey Lavrov, who walked out of a G-20 foreign minister meeting in July as his global counterparts called for an end to the war in Ukraine. Reuters reported Putin may join virtually.
U.S. President Joe Biden is also scheduled to hold a bilateral meeting with his Chinese counterpart Xi Jinping ahead of the G-20.
Other attendees include newly appointed U.K. Prime Minister Rishi Sunak and Saudi Arabia’s crown prince and de facto leader Mohammed bin Salman, who recently led an OPEC+ initiative to cut oil production by 2 million barrels per day to shore up prices.
Expectations are ‘not very high’
Not much progress is expected from Biden and Xi’s meeting, according to Andrew Staples, Asia Pacific director of Economist Impact, the policy and insights arm of The Economist Group.
“Expectations are not very high,” he told CNBC’s Martin Soong, adding that ongoing geopolitical tensions are dragging down global growth. He highlighted China’s stance on the war in Ukraine as one of many signs of eroding relations between the U.S. and China.
“There’s a lot of concern for the business community globally that these geopolitical tensions is impacting negatively … we have in Ukraine, which China has been unfortunately been somewhat ambivalent about when it comes to President Putin, is really damaging the global economy,” he said.
“Finding some floor to this relationship — which is what Biden is looking to do — will be a positive, not only for the business community but for the global economic sentiment as well,” he said.
The role of Russia
Russia’s latest move to constantly flip its stance on the United Nations-led Black Sea Grain initiative is “likely to overshadow all other negotiations in Bali,” Laura von Daniels, head of the Americas research at the German Institute for International and Security Affairs, said in a Council on Foreign Relations report.
The agreement, reached earlier this year, sought to ease Russia’s naval blockade and reopen key Ukrainian ports to deliver crops through a humanitarian corridor in the Black Sea. It expires on Nov. 19.
“To agree would not cost Russia anything,” said von Daniels. “It would, though, allow both Xi and Putin — as leaders of authoritarian states — to be applauded on the world stage for providing food security.”
Reopening strategy
The meeting takes place as a vast majority of the world reopens borders and lifts Covid-related restrictions — leaning into the post-pandemic era with its slogan, “Recover Together, Recover Stronger.”
Members agreed that “policy stimulus needs to be withdrawn appropriately during the recovery,” the Indonesia G-20 Presidency said in a July note released ahead of the meeting. It referred to a survey of member states that it conducted.
It said the potential for longer-lasting impact from the coronavirus pandemic on global growth would be a key topic of the meetings taking place in November.
“Risks stemming from supply disruption, rising inflation, and weak investment are the top three risks to be addressed urgently in relation to scarring from the pandemic,” it said, highlighting the need for global cooperation including the gradual reopening of borders to support revival of trade.
“We’ve all got some version of an inflation problem and rising interest rates as well, so the whole world has an interest in making progress here,” Australia Treasurer Jim Chalmers told CNBC’s Martin Soong. “Conditions are high risk and they are volatile,” he said.
![Hyundai's new IONIQ 6 already looks like a major upgrade on the road [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/04/Hyundais-new-IONIQ-6.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
Hyundai’s electric fastback is getting a fresh new look. Just a week after unveiling the redesigned IONIQ 6, we are already getting our first look at it out in the real world. Hyundai’s new IONIQ 6 was spotted driving in Korea, and from the looks of it, this could be a major upgrade.
Hyundai’s new IONIQ 6 looks sleek on the road
Launched in 2022, Hyundai’s “Electrified Streamliner” was expected to challenge the Tesla Model 3 as one of the few electric sedans on the market.
Prices start at under $38,000, and with up to 342 miles of driving range (EPA-est), the IONIQ 6 arrived as one of the most efficient EV options. A Boston Consulting Group report last year even found it to be the only EV that met buyers’ price, range, and charging expectations.
Despite the impressive specs and unique new design, Hyundai’s electric car has failed to live up to expectations. Will a redesign spark some life into the EV?
Hyundai unveiled the new IONIQ 6 at the Seoul Mobility Show last week, with a few noticeable design changes. With a new ducktail spoiler, the profile is smoother and more natural-looking, which was one of the biggest complaints.
The front and rear are redesigned with slim LED DRLs and main headlamps. Hyundai claims it “enhanced every line and detail to make the IONIQ 6 simpler and more progressive.”
After the new model was spotted driving for the first time in Korea, we are already getting a sneak peek at Hyundai’s refreshed IONIQ 6 on the road.
The new video from HealerTV gives us a good look at the changes from all angles. The rear spoiler has been upgraded to have a sportier overall look. The new, slim DRLs are a good touch, adding to its aggressive face.
Hyundai also updated the interior with a redesigned steering wheel and better materials on the door trim for “a more premium feel.” Other improvements include a more functional center console and a larger climate control display.
A new IONIQ 6 N will finally join the lineup. Hyundai teased the sporty new N model with an even more aggressive design based on the RN22e Rolling Lab concept.
Although more details will be revealed closer to its launch, we expect other improvements pulled from the 2025 IONIQ 5, like an added NACS port and potentially even more driving range.
What do you think of the new IONIQ 6? Do you like the redesign, or is it still not enough? Let us know your thoughts in the comments below.
FTC: We use income earning auto affiliate links. More.
The 2025 Dodge Charger Daytona EV came in hot – and expensive – when it launched at the end of 2024 with no official rebate. But that’s just changed.
The 2025 Dodge Charger Daytona EV starts at $66,990 including the destination fee. But the actual cost of this luxury muscle car is $78,680 including all the required packages.
And as of April 1, it now comes with a $6,500 National Retail Consumer Cash rebate.
Stellantis Financing continues to offer a special financing rate of 1.9% APR for 72 months, but unfortunately, that can’t be combined with the $6,500 rebate, so you have to choose one or the other.
If you’re interested in leasing a Charger Daytona EV, then you can get $7,500 in lease cash from Stellantis Financial. Stellantis also offers Chrysler employee pricing to the public, but it can’t be stacked with rebates. How employee pricing works is, dealer pricing is 5% below the dealer invoice and a $200 program fee, plus you can’t haggle over pricing.
CarsDirect notes that the 2024 model still has the best deals on a Dodge Charger Daytona EV, with four options on the table:
- 0% APR financing for 72 months plus $3,000 in bonus cash
- $7,500 National Retail Consumer Cash in addition to $3,000 in bonus cash
- $2,000 Conquest Bonus Cash deal in select regions like the West Coast
- $7,500 in lease cash plus $6,000 in bonus cash for those who want to lease
Click here to find a local dealer that may have the 2024 & 2025 Dodge Charger Daytona EV in stock.–trusted affiliate link
Now is a great time to begin your solar journey so your system is installed in time for those longer sunny days. If you want to make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. –trusted affiliate partner
FTC: We use income earning auto affiliate links. More.
Although the EV2 is Kia’s smallest EV, it won’t feel so small when sitting in it. Kia designed the open interior to give you an escape from the city. After sharing new details at Milan Design Week on Thursday, Kia gave us a closer look at the EV2 inside and out. The new interior design could see its way into future Kia EV models.
Kia EV2 interior is small but flexible
At Milan Design Week 2025, Kia held an exclusive exhibition for its upcoming EV models. The Concept EV2 was showcased alongside Kia’s first electric van, the PV5, and a rugged PV5 WKNDR concept.
Kia revealed new details about the EV2’s interior and what we can expect to see when it arrives. Inspired by a “picnic in the city,” the cabin is designed to feel as open and flexible as possible.
Like a balcony or porch, which offers a relaxing retreat from busy city life, Kia wants the EV2 to have a similar feel. Thanks to its flat-floor layout, the interior can open up with flexible seating. The second-row seats can fold up while the front seats slide up to provide an open space—you know, where you might want to have a picnic.
Kia added a few extras like integrated speakers in the headrest, portable door speakers, detachable seat cushions, extendable seats, and pop-up luggage dividers for your next adventure.
Even with the fun features, Kia focused on sustainability. The interior introduces environmentally conscious materials like Simplifyber Fybron™, AmpliTex, and biodegradable mycelium components.
Kia said the new design elements showcase its vision for future EV interiors. More details will be shared closer to the launch, but the EV2 is expected to include Kia’s new ccNC infotainment system.
As shown in the concept, the system features a curved display with dual 12.3″ driver and infotainment screens. Despite being an entry-level model, the EV2 will have advanced features like vehicle-to-load (VTL) to power up electronics or home appliances. It will also get smarter and more advanced over time with OTA updates.
Last month, we got our first look at Kia’s entry-level electric SUV on the road in Korea with a Soul-like design. Kia will launch the EV2 in Europe and other global markets next year.
Like other Kia electric models based on Hyundai’s E-GMP platform, the EV2 is expected to arrive with a WLTP range of at least 300 miles (605 km). Although prices will be revealed closer to launch, the EV2 is expected to start at around 30,000 euros ($33,000), but that could change in another year or so.
How do you feel about the Kia EV2? Would you buy one for around 30,000 euros ($33,000)? Let us know in the comments. We should learn more soon. We’ll keep you updated with the latest.
FTC: We use income earning auto affiliate links. More.
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway