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The Latest Breaking News from G7

Trump or Harris? Whoever wins will face a shift in power in the global economy

West’s dominance is being challenged, with Brics summit showing emerging markets are unwilling to bow to pressure

The Guardian - UK

Thursday briefing: What you need to know about Rachel Reeves’s plans for the economy

In today’s newsletter: They spent weeks bracing the country for ‘tough decisions’, but in Labour’s first budget in 14 years, the chancellor adopted a slightly more optimistic tone

The Guardian - UK

Rachel Reeves didn’t scare the markets. But nor did she impress with a growth plan

Businesses adopt a wait-and-see response as it becomes clear the autumn budget is part of a long-term missionBusinesses react to

The Guardian - UK

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Five key charts: what will underpin 2024 budget statement by Rachel Reeves?

Labour chancellor to deliver budget after speculation over tax rises, debt rule changes and promised end to austerity

The Guardian - UK

G7 Finalize $50 Bn Ukraine Loan Backed By Russian Assets Profits

G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday.

International Business Times

G7 Allies Provide Billion In Loans To Ukraine

G7 allies to provide Ukraine billion in loans backed by frozen Russian assets, aiding in defense and reconstruction efforts.

Top News

G7 agrees to use interest on Russian assets for Ukraine loan; Biden eyes an arms component - Roll Call

The G7 agreed to use interest from frozen Russian assets for a $50 billion loan for Ukraine. President Biden is eyeing an arms component.

Roll Call

Putin Faces Calls For Peace At Flagship BRICS Summit

World leaders called for peace in the Middle East and Ukraine at the BRICS summit in Russia on Wednesday, as President Vladimir Putin told them he welcomed offers to mediate in the Ukraine conflict.

International Business Times

Putin Touts 'Multipolar World Order' At Flagship BRICS Summit

The meeting in the city of Kazan is the largest diplomatic forum in Russia since Putin ordered troops into Ukraine in 2022, triggering a barrage of Western sanctions and international condemnation.

International Business Times

UN Chief In Russia For Putin's BRICS Summit

UN Secretary General Antonio Guterres arrived in Russia on Wednesday to attend the BRICS summit, his first visit to the country for more than two years that has drawn scorn from Ukraine.

International Business Times

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Al Jazeera

Russia-Ukraine war: List of key events, day 971

As the war enters its 971st day, these are the main developments.

The Guardian - AU

Ukraine war briefing: Draft-dodging scandal sees Kyiv’s top prosecutor resign and officials sacked

Andriy Kostin forced out over rash of officials getting disabled status; North Korean soldiers ‘about to arrive in Kursk’. What we know on day 973

International Business Times

US Plans To Contribute $20 Bn For Ukraine Loan: Yellen

The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday.

The Independent UK

UK economy to grow faster than thought in pre-Budget boost for Reeves

Only Spain was given a bigger economic upgrade by the IMF, making the UK the biggest beneficiary for extra growth in the G7 – although the US’s new growth rate of 2.8 per cent is higher

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Evening Standard

‘Shocking and desperate’ that North Korean troops fighting for Russia – Healey

South Korea’s spy agency said on Friday it had confirmed that North Korea sent 1,500 special operation forces to Russia earlier in October.

The Independent UK

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort

The funds represent the UK’s share of a $50 billion (£38.39 billion) loan package agreed upon by the G7 nations, financed through interest generated from sanctioned Russian sovereign assets

Evening Standard

UK’s £2.26bn loan for Ukraine ‘can help turn the tables on Putin’s war machine’

Chancellor Rachel Reeves and Defence Secretary John Healey announced the move, which will be funded by profits on frozen Russian assets.

The Guardian - UK

UK to lend Ukraine an additional £2.26bn for weapons to fight Russia

Loans will be repaid using interest generated by $300bn of frozen Russian assets held in the west

The Guardian - AU

Middle East crisis: UN special coordinator reports ‘widespread panic’ in Lebanon after evacuation orders– as it happened

This blog is closing now. You can read our full report on the latest Israeli attacks on Lebanon here and our report on the latest Israeli attacks on Gaza here.

The Guardian - AU

Ukraine war briefing: G7 defence ministers pledge ‘unwavering support’ for Ukraine

Mixed reaction to Zelenskyy’s ‘victory plan’; Video purportedly shows North Korean recruits collecting Russian military fatigues. What we know on day 970

International Business Times

G7 Defence Ministers Concerned By Attacks On Peacekeepers, Vow Kyiv Support

G7 defence ministers on Saturday met against the backdrop of multiple ongoing military conflicts, expressing concern over escalation in Lebanon while pledging "unwavering support" for Ukraine.

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