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The Latest Breaking News from G7

Insurance fund for climate impacts announced at UN talks

The Group of Seven leading economies launched a new insurance system Monday to provide swift financial aid when nations are hit by devastating effects of climate change

The Independent UK

China vs USA | Raab vs MoJ | Ronaldo vs Man Utd

The G20 is a suspiciously round number. To qualify as a G7 nation, you must both have a large economy and be a liberal democracy – hence Russia’s expulsion several years ago.

Evening Standard

G20: tensions likely to emerge as world leaders gather for Bali summit

The leaders of the world’s biggest economies assemble in Bali this week for the annual G20 summit. They do so facing multiple interconnected global crises. Russia’s war in Ukraine, economic slowdown in China, heightened Sino-American tensions over Taiwan, precipitous worldwide increases in costs of living, and growing global food shortages…

The Conversation

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G7 launches climate 'Shield' fund, some countries wary

A G7-led plan dubbed "Global Shield" to provide funding to countries suffering climate disasters was launched at the U.N. COP27 summit on Monday, although some questioned the effectiveness of the planned scheme.

Reuters

Pakistan will be among first to receive G7 'Global Shield' climate funding

Pakistan, Ghana and Bangladesh will be among the first recipients of funding from a G7 'Global Shield' initiative to provide funding to countries suffering climate disasters, the programme announced on Monday at the COP27 summit in Egypt.

Reuters

Indonesia asks European Commission, G7 to "provide support and flexibility" so G20 summit can produce declaration

Indonesian President Joko Widodo asked the European Commission and the G7 bloc to lend "support and flexibility" so that this week's Group of 20 (G20) summit can produce a declaration, he said in a statement on Monday.

Reuters

UK to be first G7 nation to fall into recession and last to get out - economists

The scale of the UK’s economic crisis was laid bare by a warning from economists

Evening Standard

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G-20 statement in doubt after US, Russia fail to agree at Asean

Russia and the US failed to agree on language for a joint statement following a multilateral summit in Cambodia, making it unlikely the Group of 20 nations will reach a consensus in Indonesia either this week.

Bangkok Post

The Guardian view on the UK economy: old folly or new folly

Editorial: Next week’s autumn statement will show if Jeremy Hunt has learned anything from George Osborne’s and Kwasi Kwarteng’s failures

The Guardian - UK

Disgraced former UK health minister seeks redemption in reality TV jungle

The only vote that Britain's humiliated former health minister is likely to win these days is being nominated to undertake repellent tasks to win food in a reality TV programme in the Australian jungle.

Reuters

Exclusive-Russian oil cap doubts spur insurer fears of ships left at sea

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters.

Reuters

India to continue buying oil from Russia as ties deepen

India’s foreign minister says buying oil from its ‘steady and time-tested partner’ is economically advantageous.

Al Jazeera

Sanctions on Russia 'are working', US deputy treasury secretary says

In an interview with FRANCE 24, US Deputy Treasury Secretary Wally Adeyemo discussed the sanctions imposed on Moscow in the wake of Russia's invasion of Ukraine. "The sanctions are working and that's why Russia is working so hard to evade them," he said. Adeyemo also discussed the cap on the…

France 24

The foreign policy fallout of COVID-19

The pandemic gave health diplomacy its stiffest test. While there were successes, geopolitical power games resulted in failures.

360info

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Asharq Al-Awsat

G7 Denounces ‘Brutal’ Iran Protest Crackdown

Foreign ministers from the Group of Seven (G7) industrialized nations condemned on Friday Tehran’s response to a wave of protests in Iran sparked by the death of young Kurdish woman Mahsa Amini. They threatened the Iranian regime to continue to use all available diplomatic measures to hold the authorities accountable,…

Al Jazeera

Russia-Ukraine war: List of key events, day 255

As the Russia-Ukraine war enters its 255th day, we take a look at the main developments.

The Guardian - AU

Russia-Ukraine war live: Kherson looted ahead of expected battle for city; Russian conscripts receiving ‘little or no training’ – as it happened

Russian troops taking vehicles, art and even religious artefacts from Kherson; UK says Russia struggling to train new recruits

Bangkok Post

Down goes the yen, as Japan draws inflation

On Sept 22, Japan's government purchased yen on the foreign-exchange market for the first time since 1998. The finance ministry was attempting to stem the yen's rapid slide, and for a while, the US$20 billion intervention seemed to be working: the yen's value rose from nearly ¥146 (755 baht) per…

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Al Jazeera

Putin endorses evacuation of Ukraine’s Kherson region

Russia could be preparing to withdraw from parts of the Kherson region, which it claims to have annexed.

The Independent UK

Cleverly: UK will not be deflected by Kremlin ‘distraction’ tactics over Ukraine

Moscow has accused Britain of involvement in a drone attack on the Russian Black Sea fleet.

Reuters

Blinken says G7 is clear-eyed about need to align on China

U.S. Secretary of State Antony Blinken said on Friday the Group of Seven countries (G7) is clear-eyed about the need to align their approach on China.

Asharq Al-Awsat

Xi, Scholz Warn against ‘Irresponsible’ Nuclear Threats over Ukraine

Chinese President Xi Jinping and German Chancellor Olaf Scholz on Friday condemned threats to use atomic weapons in Ukraine, with Scholz warning that Russia risked "crossing a line" in the international community by resorting to nuclear force. In the first visit by a G7 leader to China since the COVID-19…

France 24

LGBTQ+ rights in Japan: Tokyo introduces same-sex partnership programme

Japan is the only G7 country which does not recognise same-sex unions. But this week, its capital Tokyo began rolling out a partnership certificate scheme. It allows same-sex couples to be treated as married couples for certain public services, this for the first time. Those services include housing, medicine and…

Reuters

G7 focusing more support on helping Ukraine protect against energy grid attacks

U.S. Secretary of State Antony Blinken on Friday said the Group of Seven countries is focusing more of its security support on helping Ukraine protect against Russia's attacks on its energy grid.

Reuters

G7 ministers: severe consequences if Russia uses nuclear or chemical weapons

The foreign ministers of the Group of Seven economic powers said on Friday any use of chemical, biological, or nuclear weapons by Russia would be met with severe consequences, and renewed their call on Moscow to end the war in Ukraine.

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