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The Latest Breaking News from G7

G7 agree price cap on Russian oil to stop Putin’s ‘ability to fund war of aggression’

The cap is expected to be introduced in December for crude oil and for petroleum products in February

Evening Standard

G-7 backs price-cap plan for Russian oil to limit revenue

The Group of Seven most industrialized countries said they plan to implement a price cap for global purchases of Russian oil — a measure the U.S. hopes will ease energy market pressures and slash Moscow’s overall revenues.

Tribune News Service

G7 countries back plan to cap price of Russian oil over Ukraine invasion

It's aimed at limiting the invasion's effect on energy prices and preventing Russian profits from oil exports.

Axios

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G7 agrees price cap on Russian oil to rein in runaway energy costs

Finance ministers of the G7 group of leading democracies have agreed a global price cap on Russian oil and petroleum products.

The Independent UK

In pictures: Mikhail Gorbachev - man who helped end the Cold War was feted in the west

The lifelong communist took the reins at a tense time in the Cold War but eventually presided over the demise of the Soviet Union.

Evening Standard

In Pictures: Man who helped end the Cold War was feted in the west

The lifelong communist took the reins at a tense time in the Cold War but eventually presided over the demise of the Soviet Union.

The Independent UK

Karuizawa, Niigata also to host G7

Japan holds the rotating presidency of the Group of Seven next year, meaning that not only will the summit be held in Hiroshima in May, but also ministerial meetings will be held throughout the nation.

The Japan News/Yomiuri

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People in UK refused drug that could save their lives

The UK is the only G7 country to refuse to fund Evusheld, an antibody treatment which can boost protection against Covid for those whose immune systems do not respond well to vaccines

Wales Online

Japan’s continuing struggle with gender parity

Investing in women’s education and health may have limited impact if it is a society trapped in gender norms

The Hindu

Nuclear disarmament on Kishida's mind for Hiroshima G7 summit

Prime Minister Fumio Kishida has condemned Russia for blocking the adoption of the final document draft at the monthlong Nuclear Nonproliferation Treaty (NPT) Review Conference at the United Nations, but has also stressed that all participating nations except Russia showed a certain degree of solidarity.

The Japan News/Yomiuri

Truss’s jibe at British workers shows that she fails to understand the problem

UK productivity does lag the G7, but the idea that shirking is to blame does not stand up to serious scrutiny

The Guardian - UK

Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

The National (Scotland)

Beijing asks New Delhi to reiterate ‘One China’ principle

Beijing wants India to reaffirm the “One China” policy as it seeks to shore up regional support after U.S. House Speaker Nancy Pelosi’s visit to Taiwan, which triggered aggressive military drills by the Chinese military around the island.

Tribune News Service

Ukraine targets Russian soldiers accused of threatening nuclear plant

Ukrainian President Volodymyr Zelenskiy has warned Russian soldiers who shoot at Europe's largest nuclear power station or use it as a base to shoot from that they will become a "special target" for Ukrainian forces.

Reuters

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Benzinga

There Is Still Time To 'Short European Assets,' Analyst Says, Points To Wage, Recession Data

Workers in the United Kingdom are set for the “worst real wage squeeze” among G7 nations, new Trade Union Congress (TUC) analysis of The Organization for Economic Cooperation and Development (OECD) figures revealed in mid-July, and one analyst thinks it’s safe to short European assets, like the Euro

Al Jazeera

G7 urges Russia to return control of nuclear plant to Ukraine

The Zaporizhzhia plant, Europe’s largest, has been shelled several times, raising fears of a nuclear incident.

Reuters

Ukraine calls on EU, G7 states to stop issuing visas to Russians

Ukraine on Wednesday called on the European Union and G7 countries to stop issuing visas to Russian citizens, citing what he said was their support for the invasion of Ukraine.

The News Lens

As Japan Marks Atomic Bomb Anniversary, Threat From China Breaks Military Taboo

Japan is planning for a massive increase in defense spending driven by the threat from China, breaking a decades-long taboo over the build-up of armed forces following its defeat in 1945.

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Asharq Al-Awsat

Ukraine War Making 40 Mln People Go Hungry, Africa to Bear Brunt, Says US

The United States' ambassador to the United Nations Linda Thomas-Greenfield on Friday said Russia's invasion of Ukraine will cause 40 million people to become food insecure and that sub-Saharan Africa will be hardest hit. The United States has secured $4.5 billion for food security at the G7 summit, of which…

The Japan News/Yomiuri

China expresses anger at Japan over Taiwan

PHNOM PENH / BEIJING -- The impact of U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan spilled over into a high-level dialogue between Japan and China. A meeting between the foreign ministers of Japan and China scheduled for Thursday in Cambodia was shelved at the last minute at…

Reuters

China summons Canadian diplomat over G7 statement on Taiwan

China's foreign ministry said on Friday that it summoned Beijing-based Canadian diplomat Jim Nickel over Canada's participation in a statement issued by the foreign ministers from the Group of Seven (G7) nations.

Reuters

China lodges complaint to European countries, envoys over G7 Taiwan statements

China's foreign ministry said on Friday it lodged solemn representations to relevant European countries and EU envoys over statements on Taiwan issued by the foreign ministers from the Group of Seven (G7) nations and the EU High Representative for Foreign Affairs and Security Policy.

The Hindu

India maintains ‘studied silence’ on Taiwan crisis

India avoids controversy with China at a sensitive time in border talks, but doesn’t wish to claim allegiance to the “One China policy” either

Reuters

China scolds G7 foreign ministers over Taiwan statement

China scolded foreign ministers of the Group of Seven (G7) nations on Thursday for telling Beijing not to use a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan as "pretext for aggressive military activity in the Taiwan Strait".

Reuters

China cancels bilateral meeting with Japan after G7 Taiwan statement

The Chinese foreign ministry said on Thursday that a meeting between China's Foreign Minister Wang Yi and his Japanese counterpart on the sidelines of ASEAN events in Cambodia had been cancelled.

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