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The Latest Breaking News from G7

‘Good growth in every postcode’: Burnham’s economic to-do list in seven charts

From industrial strategy and defence to housing and living costs, we lay out the challenges facing the new PM

The Guardian - UK

G7 and EU call for halt to attacks in Sudan's El-Obeid and wider arms embargo

G7 foreign ministers and the European Union's foreign policy chief on Wednesday urged Sudan's Rapid Support Forces and allied armed groups to halt all actions that could lead to further atrocities or endanger civilians in El-Obeid.

Radio France Internationale

UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement

The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Government brings British Steel under public ownership; oil price rises to $85 as US-Iran tensions escalate – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Keir Starmer says UK support for Ukraine will ‘always endure’ on farewell visit

Sir Keir made a final visit to Ukraine as Prime Minister on Thursday.

Evening Standard

Rise in energy and petrol prices due to Iran war holding back UK economy, OECD warns

The economic body has urged the Government to accelerate its pro-growth agenda and tackle regional divides

The Independent UK

Energy inflation and regional divides weighing on UK living standards – OECD

The OECD said it was important to keep up the momentum with policy reforms for the pro-growth agenda to be successful.

Evening Standard

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In Brazil's Crowded Road to October's Presidential Election, Lula Still the Man to Beat

As Brazil heads toward its October vote, a banker's leaked film-financing pitch has turned a coin-flip race between Lula and Flávio Bolsonaro into a widening lead for the incumbent — even as governors, an activist, and family infighting reshape the right.

Latin Times

Japan Warns Russia There Is No Easy Way Around Jet Fuel Sanctions Amid Aviation Crackdown

Japan reinforces sanctions on Russian aviation fuel exports, aiming to curb Moscow's access to critical supplies amid ongoing international restrictions following the Ukraine invasion.

International Business Times UK

Lindsey Graham may be dead, but his ‘bunker-buster’ looms over India

Senator Graham's Russia Sanctions Bill remains a significant concern for India's energy security. This legislation targets countries purchasing Russian energy, placing India and China in its sights. Graham's recent death may have unexpectedly boosted the bill's political momentum. India's increasing reliance on Russian crude oil makes its exposure more pronounced.…

The Economic Times

Labour MPs call for Andy Burnham to restore aid spending target set by Brown

Thinktank urges prospective prime minister to reclaim UK’s role as an international leader on development

The Guardian - UK

Newsletter: Money talks, but first listen to Lagarde

In today's newsletter: An exclusive interview with EBC President Christine Lagarde, the Spanish proposal of €850 billion of EU common borrowing, and ambassadors race to the 21st sanctions package against Russia finish line.

Euronews

US-Iran ceasefire had a built-in detonator. This week it went off

The breakdown of the ceasefire between the US and Iran was perhaps the least surprising news this week. The 14-point plan – AKA the memorandum of understanding (MoU) – signed by Donald Trump in Versailles at the end of the G7 summit on June 17 and by the Iranian president,…

The Conversation

EU countries rush to avoid disastrous revision of Russian oil price cap

If ambassadors fail to agree on the sanctions by 15 July, the price cap on Russian oil will be automatically revised, going all the way up to $58 per barrel, a scenario that Brussels considers unpalatable.

Euronews

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The Economic Times

Are data centres uncool? Questions over AI's ecological trade-off are growing louder but solutions may be emerging

AI's environmental strain from data centers and resource exploitation is causing growing public concern. Communities face water shortages and e-waste issues while AI promises resource management improvements. AI can enhance grid efficiency and climate modeling, offering local benefits. However, equitable distribution of AI's economic gains remains a significant global challenge.…

Euronews

A World Bank for defence? The lender that Europe's big powers have yet to join

Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.

The Independent UK

UK inflation to fall faster than predicted as impact of Iran war ‘better than feared’

UK inflation projections have been tempered by the interim US-Iran peace deal, which helped to ease oil prices

The Guardian - UK

IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7

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The Economic Times

Donald Trump calls Italy's Meloni a 'nice person' but blames her for not helping with Iran

President Trump called Italian Prime Minister Meloni a nice person but criticised her involvement in the Iran conflict. He stated their relationship soured after she refused to help with Iran's issues. Meloni previously denied Trump's claim about begging for a photo at a G7 summit. Italy decided to stop responding…

The Times of India

'She's the queen, leave her alone': Belgian defence minister backs Italian PM Meloni over Trump's restraining order joke

Belgian defence minister Theo Francken has urged European leaders to maintain strong ties with US President Donald Trump, saying Europe will continue to rely on American military protection for another five to 10 years, while warning the US leader against targeting Italian Prime Minister Giorgia Meloni. His remarks come after…

France 24

‘Restraining order needed’: Trump shares doctored Meloni meme to reignite feud

On the eve of a key NATO summit, US Presient Donald Trump reignited his feud with Italy's Prime Minister Giorgia Meloni by sharing a doctored image on Truth Social, captioned “RESTRAINING ORDER NEEDED.” The altered image is based on genuine G7 footage but changes Meloni's facial expression to make her…

The Economic Times

Trump won big spending promises from NATO last year. This week in Turkey, he'll try to enforce them

President Trump heads to Turkey to press NATO allies on defense spending pledges. He expects immediate action on the 5% GDP target, a key focus after last year's summit. Despite ongoing disputes, Trump seeks to solidify his influence on the alliance's future, while also planning meetings on Ukraine and Syria.…

The Guardian - UK

Mobile internet coverage in UK worse than any EU or G7 country, Which? says

Analysis finds services cheaper but country ranks 57th in network performance and 70th for download speeds

The Times of India

Ukraine takes the war to Moscow: Why Kyiv unleashed its biggest attacks after G7 summit

Ukraine has launched its most extensive long-range drone campaign, targeting Russian oil refineries, fuel depots, and military infrastructure deep within its territory. This escalation follows G7 commitments to bolster Ukraine's air defenses and economic resilience. The strikes aim to disrupt Russia's war financing and logistics, with President Putin acknowledging temporary…

The Guardian - UK

Why Meloni has hit back hard against Trump and his ‘made up’ photo claim

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