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The Latest Breaking News from G7

IMF Lifts Global Growth Forecast Citing Unexpected 'Resilience'

The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.

International Business Times

EU Moves To Tap Profits From Russian Assets For Ukraine

The EU has reached an agreement on a first step towards tapping profits from frozen Russian assets to help pay for rebuilding war-ravaged Ukraine, officials said.

International Business Times

UK urges west to use frozen Russian assets to rebuild Ukraine’s economy

Foreign secretary says there are legal, moral and political justifications for using assets of $350bn

The Guardian - UK

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US Envoy Says Frozen Russian Assets Could Be 'Easy' Ukraine Funding

The US special envoy for Ukraine's economic recovery said Monday that tapping frozen Russian assets would be an "easy" source of money for Kyiv, but the G7 must first agree collectively to do it.

International Business Times

Is the World Economic Forum still relevant?

Experts weigh in on how much value actually Davos provides to the global community.

Al Jazeera

US Officials Seek to Divert Frozen Russian Funds to Ukraine

Learn about the US officials' plan to divert about 0 billion in frozen Russian money to Ukraine, holding Russia accountable for the damage caused by the...

Top News

Yemen attack: U.S. hypocrisy at work

Antony Blinken's lofty rhetoric about "rules" and "rights" sounds emptier than ever after illegal attack on Yemen

Salon

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Will The Expanded BRICS Finally Dethrone The Dollar With Help From Crypto?

Now gaining power, the idea of replacing the dollar with an alternative currency that would enable them to settle payments, at least among each other, has been something that BRICS countries have sought for several years.

International Business Times

Rising Prices Cap India's Thirst For Russian Oil

Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show.

International Business Times

Russia-Ukraine war: List of key events, day 674

As the war enters its 674th day, these are the main developments.

Al Jazeera

US, Allies Consider Seizing Russian Government Assets and Giving them to Ukraine

They should take this wise and just step sooner rather than later.

Reason

Russia-Ukraine war: Zelenskiy says security of Ukraine, Europe and US relies on forceful response to Russia – as it happened

Ukraine president thanks US for final aid package under current US legislation

The Guardian - AU

Biden set to sign executive order aimed at financial facilitators of Russian defense industry

President Joe Biden is set to sign a new executive order aimed at targeting financial facilitators of the Russian defense industry

The Independent UK

Japan expands sanctions over Russia’s war in Ukraine

Tokyo adds 57 Russian new organisations to its trade blacklist in latest measures to punish Moscow.

Al Jazeera

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The National (Scotland)

Top experts 'lay bare Tories' economic ineptitude' ahead of Scottish Budget

KATE Forbes has highlighted “critical quotes” from experts at the Office for Budget Responsibility (OBR) ahead of the announcement of the next…

The Independent UK

Sunak’s political romance with anti-migrant Italian PM

The two leaders now see each other as key allies, particularly over tackling small boats reaching European shores

The Guardian - UK

Here’s how to find more funds for Ukraine – liquidate Russia’s $300bn in frozen assets

The west could help release billions and hurt Putin’s war effort at the same time, says Olena Halushka, co-founder of the International Center for Ukrainian Victory

The Independent UK

Japan pledges $4.5B more in aid for Ukraine, including $1B in humanitarian funds

Japan’s Prime Minister Fumio Kishida has pledged $4.5 billion to Ukraine, including $1 billion in humanitarian aid to help support the war-torn country’s recovery efforts

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Al Jazeera

China warns against ‘undermining’ Belt and Road plan after Italy withdraws

Italy, the only major Western power to have joined China’s global infrastructure initiative, is exiting in 2024.

The Guardian - AU

Nearly 20,000 children deported to Russia, Ukraine’s human rights commissioner says – as it happened

Ukraine human rights commissioner says more and more children are being deported each day

The Independent UK

G7 bans Russian diamonds from January in show of solidarity to Zelensky

G7 announcement does not mention tracing of polished stones or carat size, which can help Russia evade ban

Al Jazeera

Republicans block Ukraine funding over US-Mexico border despite Biden pleas

The Kremlin has celebrated the gridlock, saying it hopes US lawmakers will keep axing Biden’s aid plan.

Al Jazeera

Russia-Ukraine war: List of key events, day 652

As the war enters its 652nd day, these are the main developments.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 652

US Republicans block funding bill that included aid for Ukraine; former Ukrainian MP shot dead in Moscow park

Radio France Internationale

Italy officially withdraws from China's Belt and Road project

Italy has withdrawn from China's vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up to the strategy.

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