The Latest Breaking News from G7

Over the past two decades, economic strength, trade flows, technological leadership and even consumer demand have been moving steadily from west to east. This transformation is redrawing economic maps. It is also raising urgent questions about co-operation, competition and inclusion in a multipolar world. Lecturer in economics and finance Arno…

A consortium of major banks including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC) announced plans to explore blockchain-based assets pegged to G7 currencies, according to Reuters.

Swati Dhingra, a member of the Bank’s rate-setting committee, argued there was no need to be ‘overly cautious’ about lowering borrowing costs.

Brussels believes it can issue a €140 billion loan to Ukraine using Russia's frozen assets without engaging in outright confiscation.

Britain faces record disability claims for anxiety and depression, with nearly 650,000 on PIP and rising costs fueling concerns over the economy.

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

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OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules