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The Latest Breaking News from G7

Timeline: Rishi Sunak’s first year in office

October 25 will see Mr Sunak mark his first anniversary as Prime Minister, after he took over from Liz Truss following her chaotic tenure.

The Independent UK

Labor MPs air clashing views over Israel-Hamas conflict – as it happened

This blog is now closed

The Guardian - AU

'Concessions on both sides' for EU trade deal

Belgium's ambassador to Australia is optimistic a free trade deal between Australia and the European Union will be signed by the end of this year.

AAP

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Four reasons why western companies have been 'trapped' in Russia since it invaded Ukraine

More than 600 days since Russia invaded Ukraine, over 1,400 international companies are still operating in Russia. Only a small percentage of western firms have been able to close down their operations in the country since it invaded Ukraine in February 2022.

The Conversation

‘They challenged the Communist monopoly’: Vietnam regime turns on its climate champions

NGO leaders and technical experts who helped secure western aid for official shift to clean energy are being locked up now that they are no longer needed

The Guardian - UK

EU ‘very close’ to finalising Russian diamond ban, says Belgian PM

Belgian backing for Russian diamond embargo critical as about 90% of world’s diamonds pass through Antwerp

The Guardian - UK

UK to have highest inflation and slowest growth of any G7 economy, IMF says

THE UK is set to become the slowest growing economy among major developed nations next year, according to the International Monetary Fund (IMF).

The National (Scotland)

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Russia-Ukraine war at a glance: what we know on day 595 of the invasion

Zelenskiy attends Nato meeting in Brussels and appeals for more air defence ahead of winter; Yellens says G7 oil price cap has reduced Russian revenue

The Guardian - UK

UK economy set for weakest growth in G7 next year as IMF cuts its forecasts

Higher interest rates to stay as global economy ‘limping along’

The Independent UK

IMF says UK will have weakest growth in G7 next year

But Government says GDP is set to rebound faster than in France or Germany

Evening Standard

UK moving in ‘reverse gear’ in global race for green growth, think-tank warns

Rishi Sunak’s recent rollback of some net-zero policies makes the UK an outlier, new report suggests

The Independent UK

Building BRICS for the future

BRICS, a grouping of six new members inducted in August, is an economic compulsion. It has grown to 36% of global GDP and 47% of world population by 2050. It has the potential to challenge G7 dominance and contains two of the world's fastest-growing economies, China and India. The U.S.'s…

The Hindu

UK economy makes stronger recovery from pandemic than first thought

Revisions to figures show stronger performance than Germany and France but momentum starts to stall

The Guardian - UK

Western sanctions on Russian diamonds set to disrupt a global industry

G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for months – but imposing new regulations on the global diamond market is no easy…

France 24

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The Guardian - UK

Revealed: Europe’s role in the making of Russia killer drones

Exclusive: Kyiv says Iranian drones used by Russia in Ukraine have various European components

The Independent UK

Russian oil supplies continue to spike despite G7 price cap sanctions, data shows

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

The Guardian - UK

Who wants to rule the world? I will, says Joe Biden. No, it’ll be me, says Xi Jinping

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

The Conversation

G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

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The Guardian - UK

UK minister says west must learn to listen better to global south

James Cleverly says some in south feel they only hear ‘Ukraine, Ukraine, Ukraine’ from western leaders

The Independent UK

Hunt: Inflation plan working but households still feeling cost-of-living pain

The Chancellor said there is still ‘immense pressure’ on families but the Government’s plan ‘is working – plain and simple’.

The Guardian - UK

Investors cut bets on UK interest rate rise after surprise fall in inflation – as it happened

Odds of an increase in UK interest rates on Thursday fall below 50%, after inflation rate dropped unexpectedly in August to an 18-month low

The Hindu

The ‘mantras’ that powered success at the G-20 summit

It is India’s policy ‘mantras’ of multilateralism, multipolarity and the “middle way” that won the day at the G-20 summit

Evening Standard

OPINION - Guto Harri: Meeting Macron is a coup for Keir Starmer, but he should be wary too

You don’t easily forget an encounter with Emmanuel Macron. Mine was brief and in private, at the G7 summit in Germany last year. His hand was firm but he held my gaze even more tightly. A Downing Street colleague got a wink that she will cherish for ever — Gallic…

Evening Standard

UK flatlining economy will grow slower and suffer higher inflation than eurozone in 2023, leading economists

Government accused of leaving Britain ‘stuck in the slow lane’

The National (Scotland)

Stronger taxes on UK's biggest polluters could have raised £23 billion

STRONGER action on taxing the country’s biggest polluters by the UK Government could have raised up to £23 billion last year, a report has…

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