we start in rio dejaneiro in brazil, where, as you've been hearing, global leaders are meeting today for this yea r�*s 620 summit. prime minister sir keir starmer has said he will be looking to use the forum to call on members to step up their support for ukraine. he is due a meeting with china's president xijingping on the sidelines. the prime minister is expected to be looking for areas of mutual cooperation, such as international stability and economic growth. the 620 summit comprises representatives from the world's most powerful countries, covering some 85% of the global economy and three quarters of the world's trade. hosts, brazil, have signposted their goals for the summit in fighting poverty and inequalit, and reforming global governance and global tax. but with the argentinian presidentjavier milei already objecting to some of this, and the uncertainty cast by the incoming trump administration in the us, concrete results may

be hard to come by. allie renison is associate director at sec newgate uk and was formerly an adviser to the uk trade secretary. nice to see you again. so what do you think will be achieved? obviously it is all about the conversations on the sidelines and the connecting, but officially, what could we get at the end of this g20? officially, what could we get at the end of this 620? well, that is if the _ at the end of this 620? well, that is if the argentinian - that is if the argentinian president actually does sign off on the final communique text. we hear he has actually been blocking it from going forward in terms of any reference to tax equality measures. i think what we're probably going to get, particularly with the ascendancy of president trump, there will be probably very

little meaningful progress. we will get quite a few mentions to the importance of international frameworks, multilateral frameworks that sort of support trade, but other than that may be some references to cooperation around tackling poverty and hunger. i think this is going to be a pretty light agreement, in terms of substance. this to be a pretty light agreement, in terms of substance.- in terms of substance. this is the first 620 _ in terms of substance. this is the first 620 with _ in terms of substance. this is the first 620 with the - in terms of substance. this is the first 620 with the african | the first 620 with the african union as a member. talk us through the significance of that and also what they may get out of this?— out of this? well, i think one ofthe out of this? well, i think one of the things _ out of this? well, i think one of the things they _ out of this? well, i think one of the things they host - out of this? well, i think one of the things they host brazili of the things they host brazil has put on the agenda that will be quite important to the african union, in terms of tackling poverty and hunger, i think they would like to see some references potentially to discussion about debt relief. it will be interesting to see if that makes its way to the final communique text, and honestly around climate policy, it is very, very important because that is a source of some of the migration issues as well from that part of the world to the west, so i think they will want to see something in terms of cooperation around

energy security and climate policy. it energy security and climate oli . , , policy. it is interesting climate _ policy. it is interesting climate policy - policy. it is interesting climate policy is - policy. it is interesting climate policy is a - policy. it is interesting climate policy is a part policy. it is interesting i climate policy is a part of these negotiations because cop 29 is ongoing, it wraps up at the end of this week and a lot of these world leaders didn't show up for cup 29.- show up for cup 29. yes, it doesn't _ show up for cup 29. yes, it doesn't necessarily - show up for cup 29. yes, it doesn't necessarily bode i show up for cup 29. yes, it. doesn't necessarily bode well, in terms of meaningful process —— progress for the g20 in terms of meaningful process —— progress for the 620 per say but i think they would be looking to them to see if they could get any coordination around climate policies. we have to remember that some of theissues have to remember that some of the issues that for example the african union countries have for example the eu greendale policies, carbon and water taxis that make it harder for developing countries to export and to comply with some of the eu regulations around the green transition, so it will be interesting to see what kind of language is in the final text around support for those developing countries to be able to do that. developing countries to be able to do that-— to do that. four president xi, he has returned _ to do that. four president xi, he has returned just - to do that. four president xi, he has returned just from - to do that. four president xi, i he has returned just from peru, he has returned just from peru, he was there for the apec

summit with president biden as well i might add. he is kind of positioning himself at these two events, as someone who will cooperate on trade, a stable leader, ahead of a new trump presidency. leader, ahead of a new trump presidency-— presidency. yes, it's interesting - presidency. yes, it's interesting actually l presidency. yes, it's. interesting actually to presidency. yes, it's - interesting actually to see what some of the statement circulating from the chinese government are ahead of the g20, talking about the importance of multilateral frameworks for trade. i think they are quite proactively trying to seek out allies ahead of a second tramp term in office. i think if you see any references to for example the importance of multilateral cooperation in some institutional governance around trade, that is definitely thatis good to that is definitely something china is pushing. the trade, that is definitely something china is pushing. the question is whether they will question is whether they will get a huge amount of get a huge amount of pre—emptive cooperation around pre—emptive cooperation around that ahead of trump that ahead of trump re—emerging. it that ahead of trump re-emerging.- that ahead of trump re-emerging. it will be re—emerging. it that ahead of trump re-emerging.- that ahead of trump re-emerging. it will be interesting _ re-emerging. it will be interesting to - re-emerging. it will be interesting to keep - re-emerging. it will be interesting to keep an | interesting _ re-emerging. it will be interesting to - re-emerging. it will be interesting to keep - re-emerging. it will be interesting to keep an | re-emerging. it will be i interesting to keep an eye and we will. thank you for your re-emerging. it will be i interesting to keep an eye and we will. thank you for your time. time. to the us now, and the to the us now, and the increasing speculation over increasing speculation over who will be picked for who will be picked for the top financejob, the top financejob, us treasury secretary, us treasury secretary,

in the incoming trump in the incoming trump administration. some us outlets are reporting administration. some us outlets are reporting today that the field today that the field of candidates may be expanding, of candidates may be expanding, as the contest between the two as the contest between the two main contenders became too messy. main contenders became too messy. they are investor, they are investor, scott bessent, and billionaire scott bessent, and billionaire banker, howard lutnick, banker, howard lutnick, the main contention seemingly being who would be most willing the main contention seemingly being who would be most willing to enact president—elect to enact president—elect trump's tough tariff proposals. trump's tough tariff proposals. over the weekend, one over the weekend, one of his most powerful allies — of his most powerful allies — elon musk — who sat elon musk — who sat with donald trump at a ufc with donald trump at a ufc fight — took to social media fight — took to social media in support of mr lutnik, in support of mr lutnik, saying... saying... "bessent is a business—as—usual "bessent is a business—as—usual choice, whereas howard lutnik choice, whereas howard lutnik "will actually enact change". "will actually enact change". chris campbell is founder and chief execitive of strategic advisory firm, incamera solutions. chris is a former us assistant treasury secretary for financial institutions.

good to

up the federal communications co istission, a powerful up the federal communications co is more i, a powerful up the federal communications co is more likely >werful up the federal communications co is more likely to trful up the federal communications co is more likely to go il up the federal communications co is more likely to go with a he is more likely to go with a disrupter, as suggested by elon suggested by elon disrupter, as suggested by elon musk? i musk? i disrupter, as suggested by elon musk? ~ , musk? i think he will bring someone _ musk? i think he will bring someone who _ musk? i think he will bring disrupter, as suggested by elon musk? ~ , musk? i think he will bring someone _ musk? i think he will bring someone who _ musk? i think he will bring someone who will - musk? i think he will bring someone who will know i musk? i think he will bring - someone who will - musk? i think he will bring someone who will know i musk? i think he will bring - someone who will know finance, know how to manoeuvre and someone who will know finance, know how to manoeuvre and navigate not only here navigate not only here domestically and internationally and try to find domestically and internationally and try to find a way to reposition the united a way to reposition the united states with allies and trading states with allies and trading partners to make sure that partners to make sure that america and americans win. as america and americans win. as you know as she rightly you know as she rightly suggested, i served suggested, i served you know as she rightly suggested, iserved in you know as she rightly suggested, i served in the first trump administration in you know as she rightly suggested, iserved in you know as she rightly suggested, i served in the first trump administration in the treasury at a time when we the treasury at a time when we had some of the most prosperous had some of the most prosperous economic times in the history economic times in the history of our country. so i know of our country. so i know president trump wants to president trump wants to restore that time again and go restore that time again and go back to that time, and is back to that time, and is working vociferously to make working vociferously to make sure that policies are put in sure that policies are put in place very rapidly that we do place very rapidly that we do that. ., ., ., , that. ., ., ., , that. now, we will wait to see what the final _ that. now, we will wait to see what the final _ that. now, we will wait to see what the final nomination is i that. now, we will wait to see| what the final nomination is to treasury secretary, but we do that. now, we will wait to see what the final nomination is i that. now, we will wait to see| what the final nomination is to treasury secretary, but we do know that donald trump has know that donald trump has nominated brandon carr to head nominated brandon carr to head

up nominated brandon carr to head up the federal communications up nominated brandon carr to head up the federal communications commission, a commission, a powerful body in the us, given the tech sector and the size and scale of companies overseas. he is described as a big tech critic. what you know about him and what it could mean for big tech companies, such as google? i know brandon, he is a very, very competent person and has done a finejob very competent person and has done a fine job of the fcc where he currently serves as a commissioner. he has busily been elevated by the president to chair the commission, which suggests significant power over broadcasting technology and communication see in the united states. we obviously operate under the first amendment here where free speech is a constitutionally protected right. you would imagine he would push a policy and agenda that would make sure not the right or the left have their finger on a scale that would unduly or unfairly suggest who has that

is for new us administration. it isa it is a general message, first it is a general message, first i think biscuit for tat protectionist measures are a lose lose situation for everyone. we know it is in no �*s to enter the sort of trade war races, so we won't engage in these, we want a very constructive relationship as we've been having with the us for these past years. we will be welcoming the new administration with open arms to keep on developing that relationship, the transatlantic relationship, the transatlantic relationship is key for europe, and actually for spain, the us is a key trading and investment partner. is a key trading and investment artner. , ., ., , partner. 6iven what has happened _ partner. 6iven what has happened in _ partner. 6iven what has happened in spain - partner. 6iven what has happened in spain in i partner. 6iven what has - happened in spain in recent weeks, it was obvious your

prime minister in baku just this week made a very emotional plea about how climate change is killing people. what do you as a spanish government mean by that? you draw a direct line between the very sad scenes we've been seeing in valencia and climate change, and what the world needs to do about it? actually what we've seen today is an increase in frequency in these events, and also an increase in increasing the impact. when you look at the different determinants, they happen on a recurrent basis, but now as i said the time range is getting shorter and shorter and also usually they happen earlier in the year, but now the temperature of the mediterranean is higher, so there undoubtedly is a connection between climate change and what's going on, not only in spain but throughout the world. so on its own, it already merits all the

investments that we will put in fighting climate change, but again, for spain, it is proving to be compatible with stronger growth and more competitiveness. so it is really a no—brainer. i competitiveness. so it is really a no-brainer. i must ask, obviously _ really a no-brainer. i must ask, obviously it _ really a no-brainer. i must ask, obviously it is - really a no-brainer. i must ask, obviously it is a - really a no-brainer. i mustl ask, obviously it is a matter of furious debate in your country, people are angry, we have seen some of the pictures from around valencia, there is a bit of a blame game between the central governance and the regional government in valencia. did the central government do enough to warn people about what happened in valencia? ~ ., _ valencia? well, i would say first that — valencia? well, i would say first that you _ valencia? well, i would say first that you can _ valencia? well, i would say| first that you can understand the anger. of course they are suffering, as i said, loss of lives, more than 200 lives have been lost. we are still missing people, so it is very understandable, the anger. it is shocking, i mean, valencia is shocking, i mean, valencia is an advanced city, it is unbelievable, is it not, that

dozens, hundreds of people have died, in a city in the country as advanced as spain, died, in a city