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The Latest Breaking News from G7

Biden to attend G7 and NATO summits -statement

U.S. President Joe Biden will travel to Germany for a G7 summit and continue on to Spain for a NATO summit in late June, White House spokesperson Karine Jean-Pierre said on Wednesday.

Reuters

How the West should engage China

The world order is at risk of a lasting split, with the United States and its allies on one side, and China and its partners on the other. As US Treasury Secretary Janet Yellen noted at an Atlantic Council event last month, this outcome is far from desirable, and the…

Bangkok Post

Get ready for 'reverse currency wars' phenomenon

The US dollar is up 12% against the euro over the past year and, at €0.93 (34.22 baht), is approaching parity. If prices of oil and other commodities now seem high in dollar terms, they look even higher in euros. With the greenback surging, and inflation in many countries currently…

Bangkok Post

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Platinum Jubilee: All US Presidents the Queen has met during her 70-year reign

Throughout the last seven decades the Queen has given official state visits to just three presidents.

Daily Record

G7 countries to stop funding fossil fuel development overseas

Ministers from world’s biggest economies reach agreement that could shift estimated $33bn a year to clean energy sources

The Guardian - UK

G7 working to resume grain exports from Ukraine, UK's Johnson tells Zelenskiy

British Prime Minister Boris Johnson told Ukrainian President Volodymyr Zelenskiy on Saturday that international partners were working intensively to find ways to resume the export of grain from Ukraine to avert a global food crisis.

Reuters

G7 countries say strict environmental rules needed for deep-sea mining

The Group of Seven countries on Friday agreed stringent environmental controls should govern deep-sea mining and that they would consent to such mining projects only if they did not seriously harm the marine environment.

Reuters

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‘Putin’s war’ has put some urgency on India-EU FTA talks: German envoy

With a steep surge in global oil prices, India has increased its purchase of discounted Russian oil

The Hindu

Inflation: there's a vital way to reduce it that everyone overlooks – raise productivity

Inflation has become one of the great issues of our times. The UK’s is the highest in the G7, weighing in at 9% a year according to the most recent figures on consumer price inflation.

The Conversation

G7 calls on OPEC to play key role to ease global energy supplies

Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even as they announced a breakthrough commitment to phase out coal-fuelled power.

Reuters

G7 set to end support for overseas unabated fossil fuels

The Group of Seven (G7) developed countries are poised to stop providing new public support for overseas fossil fuel projects by the end of 2022 if they have no sufficient measures to reduce greenhouse emissions, a Japanese government official said Friday.

Bangkok Post

Two Russian soldiers plead guilty in new war crimes trial as Russia calls supplying Ukraine arms 'unacceptable escalation'

As Russians warn supplying arms to Ukraine could lead to an "unacceptable escalation", two captured Russian soldiers plead guilty to shelling a town in eastern Ukraine.

ABC News

West mulls having Russian oligarchs buy way out of sanctions

Government officials familiar with the matter say Western allies are considering whether to allow Russian oligarchs buy their way out of western sanctions and using the money to rebuild Ukraine

The Independent UK

Germany: G-7 nations can lead the way on ending coal use

Germany’s energy and climate minister says the Group of Seven wealthy nations can lead the way on ending the use of coal

The Independent UK

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France 24

Russia shells Kharkiv, war in Donbas reaches ‘maximum intensity’

Russian forces shelled Kharkiv, killing nine people on Thursday after Moscow’s bid to capture Ukraine’s second city was repelled early in the war. Further south, fighting in the Donbas region reached of “maximum intensity”, according to a senior Ukrainian defence official. Read about the day’s events as they unfolded on…

Reuters

G7 can spearhead climate fight by agreeing to phase out coal, Germany says

The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany's economy minister Robert Habeck said on Thursday.

Reuters

Industry groups want G7 countries to align climate ambitions -BDI

The Group of Seven (G7) economic powers should align international climate protection ambitions along the lines of a "climate club" proposed by German Chancellor Olaf Scholz, the head of the Business 7 (B7) group of industry lobbies said on Wednesday.

Al Jazeera

Russia-Ukraine war: List of key events, day 87

As the Russia-Ukraine war enters its 87th day, we take a look at the main developments.

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The Guardian - UK

Once Carrie was forever in the public eye. Well done her if she’s tiring of consort role

There’s a long history of wives making PMs look ‘human’. Best to let thrive, or not, alone

The National (Scotland)

Even Tories now admit Brexit is making cost-of-living crisis worse, say SNP

BREXIT is making the cost-of-living crisis “worse” and is contributing to the soaring bills and rising inflation hitting Scottish families, a…

The Guardian - AU

Scott Morrison softened his defiant language on climate change action amid UK trade deal

Documents indicate PM’s changes to foreign policy speech coincided with environment agreement in trade talks

The Guardian - AU

Russia-Ukraine war: what we know on day 87 of the invasion

Last group of Ukrainian soldiers in Azovstal steelworks surrendered, Russia’s defence ministry said late Friday

The Independent UK

Yellen's global tax plan meets resistance abroad and at home

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy

Asharq Al-Awsat

G7 Countries to Provide $19.8 Billion in Aid to Ukraine

The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion. German Finance Minister Christian Lindner told reporters that $9.5 billion of the total amount was mobilized at meetings…

Reuters

Japan, Europe tread different paths as G7 warns of inflation risks

Having long trod a similar path in tackling low inflation, Japan and Europe now appear to be taking contrasting approaches to monetary policy and the risks of rising prices, which drew warnings at this week's Group of Seven gathering in Germany.

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