Business leaders call for urgent reforms as global economy faces its ‘worst state in a century’

  • On Monday, business leaders under the Business Twenty group made 22 policy recommendations for the G-20 group.
  • Each recommendation fell into three key areas: empowering people, safeguarding the planet and shaping new frontiers.



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Top business leaders say the global economy is facing its worst crisis in a hundred years, and “downside risks remain elevated” unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November.

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“The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of Business Twenty (B20), a group made up of high-level CEOs from around the world. “The challenging opportunity is to build back better, with real urgency required from policymakers and business leaders,” he added.

Business Twenty is an engagement group that seeks to represent the voice of the global business community across all member states and economic sectors in

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China market reforms have benefited SMEs and tech companies: JPMorgan

The inner view of Shenzhen Stock Exchange as the first batch of registration-based initial public offerings (IPOs) of 18 enterprises are about to debut on the ChiNext board on August 23, 2020 in Shenzhen, Guandong Province of China.

VCG | VCG via Getty Images)

SINGAPORE — As China continues to push toward further reforms in its financial markets, one of the changes the country made was to revamp listing rules for the ChiNext start-up board.

The move has benefited small and medium-sized businesses, as well as technology firms, according to Chaoping Zhu, a global market strategist at JPMorgan Asset Management.

“Based on the current development in the market, we find that it has been easier for companies to get listed in the stock market since the registration system was adopted,” Zhu told CNBC in an email.

“The major beneficiaries are SMEs (small and medium-sized enterprises) and innovative tech companies,” he

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New York AG announces police body camera reforms following Daniel Prude’s death

Sept. 21 (UPI) — New York Attorney General Letitia James announced that from now on her office will release police body camera footage when an officer kills an unarmed civilian instead of leaving the decision to do so to the local authorities.

The police reform was prompted by the death of Daniel Prude who was killed earlier this year in police custody and by the fallout caused by local officials releasing such footage months after the incident occurred.

In a press conference held on what would have been Prude’s 42nd birthday in the city where he was killed, James said her office will be taking over the responsibility of releasing the police body camera footage as leaving it to local authorities has caused confusion, delays and the hampering of transparency.

“We will no longer wait for local authorities to determine when videos should be made available to the public, and

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New York Attorney General Letitia James announces body camera reforms in response to Daniel Prude’s death

New York Attorney General Letitia James announced reforms for releasing police-worn body camera footage in response to the handling of the death of Daniel Prude, a Black man who died in March after he was seen being pinned to the ground by Rochester Police officers.

Prude’s death and the delay in the release of the video has resulted in the attorney general’s office implementing a new policy in which body camera footage will now be released earlier in the investigation process, as soon as jurisdiction has been established and the family has had a chance to see the video, James said.

Previously, releasing any body camera footage was up to the discretion of the law enforcement agency, James said, describing speculation as to whether the video connected to Prude’s death was suppressed due to the old policy as unfortunate.

Sunday would have been Prude’s 42nd birthday, James said, adding that

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