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The Latest Breaking News from G7

Ambitious agenda for Biden on upcoming three-nation Indo-Pacific trip as debt default looms at home

President Joe Biden has an ambitious agenda when he sets off this week on an eight-day trip to the Indo-Pacific

The Independent UK

Sunak to press EU leaders on migration after small boats bill backlash

Intervention comes days after Archbishop of Canterbury condemned PM’s Rwanda plan

The Independent UK

Rishi Sunak set for busy week of diplomacy in Iceland and Japan

The Prime Minister is to travel to a Council of Europe summit in Iceland, before heading Japan for a bilateral meeting in Tokyo and a G7 gathering.

The Independent UK

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G7 finance leaders pledge to contain inflation and to continue support for Ukraine

Finance ministers and central bank chiefs ended talks in Japan with a joint statement pledging to bring inflation under control while aiding those suffering the most from surging prices.

WEKU

G7 finance chiefs move to diversify supply chains

Niigata (Japan) (AFP) - The G7 plans to launch a partnership scheme to diversify supply chains this year, the group's finance ministers said Saturday following talks in Japan ahead of a major summit next week.

AFP

G-7 finance chiefs boost Ukraine aid, propose supply chain plan

NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.

Bangkok Post

G7 plans new vaccine effort for developing nations, Yomiuri reports

The Group of Seven (G7) rich nations is set to agree on establishing a new programme to distribute vaccines to developing countries at next week's summit of leaders, Japan's Yomiuri newspaper said on Saturday.

Reuters

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Japan's Kishida says G7 facing historic moment as finance leaders wrap up talks on global economy

Japanese Prime Minister Fumio Kishida says the world is facing a “historic turning point” as the country prepares to host the annual summit of the Group of Seven advanced economies next week in Hiroshima

The Independent UK

Exclusive-G7 summit statement to target China's 'economic coercion' -source

Leaders of the Group of Seven (G7) countries are set to discuss concern about China's use of "economic coercion" in its dealings abroad as part of their larger joint statement next week, according to a U.S. official familiar with the discussions.

Reuters

Elon Musk says he has hired a woman to replace him as CEO

Twitter boss Elon Musk says he has hired someone to replace him, without naming the new CEO, simply saying she will start in about six weeks. It comes after the billionaire asked Twitter users in a poll if he should step down, with 17 million accounts voting yes. Musk has…

France 24

'Hostile' US policies on China risk dividing world: Stiglitz

Niigata (Japan) (AFP) - "Hostile" US policies on China risk splitting the world into two blocs, Nobel-winning economist Joseph Stiglitz told AFP on Friday, urging the West to offer investment not "lectures" to developing countries.

AFP

G-7 talks focus on ways to fortify banks, supply chains as China accuses group of hypocrisy

Financial leaders of the Group of Seven advanced economies are focusing on ways to fortify ever more complicated financial systems and supply chains during meetings in Japan ahead of a summit next week

The Independent UK

Finance Minister meets IMF MD Georgieva on sidelines of G7 meeting

Finance Minister Nirmala Sitharaman on May 12 met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet.

The Hindu

G7 finance chiefs debate reducing supply chain reliance on China

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Reuters

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AFP

G7 finance chiefs tackle crises from Ukraine to banking

Niigata (Japan) (AFP) - Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.

Reuters

Japan pledges to mobilise $1 billion to help nations around Ukraine accept refugees

Japan will unveil a plan on Thursday to mobilise $1 billion to help countries surrounding Ukraine accept refugees from the war-torn country, Finance Minister Shunichi Suzuki said on Thursday.

Reuters

Brazil's Haddad raises concerns about economic situation, drought in Argentina

Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina's economic challenges and a major drought there could affect the country's "political destiny" and usher in an extremist government.

Bangkok Post

US Treasury chief decries debt 'brinkmanship'

NIIGATA, Japan: Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.

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AFP

US debt 'brinkmanship' risks serious costs: Yellen

Niigata (Japan) (AFP) - Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.

Reuters

Yellen highlights common goals with Brazil on climate, development

U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday.

AFP

G7 finance ministers discuss crises from Ukraine to banking

Niigata (Japan) (AFP) - Support for war-torn Ukraine will top the agenda as G7 finance talks start Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears.

Reuters

US debt standoff overshadows G7 finance leaders' meeting

A standoff in Washington over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy.

The Independent UK

G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff

The financial leaders of the Group of Seven wealthy nations are meeting in Japan as a standoff over the U.S. debt ceiling looms as one of the biggest potential threats to the global economy

Reuters

Yellen, at G7, to underscore U.S. commitment to Ukraine for 'as long as it takes'

Treasury Secretary Janet Yellen on Thursday will underscore the United States' commitment to continue supporting Ukraine for as long as needed, while working with other rich nations to degrade Russia's ability to wage war against its neighbor.

AFP

Crises from Ukraine to banking await G7 finance ministers

Niigata (Japan) (AFP) - Support for war-torn Ukraine will top the agenda at G7 finance talks on Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears.

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