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The Latest Breaking News from G7

Companies are saying the UK is 'closed for business' - here's how it can become more open

Tech sector complaints about the difficulties of doing business in the UK have been repeated more recently by the manufacturing sector. A decade of “flip-flopping” by the government has left the UK without an industrial strategy, according to Make UK, which represents industrial and manufacturing employers.

The Conversation

Explainer-G7 Hiroshima Summit 2023: when is it, who will attend and what's on agenda?

Leaders of seven of the world's richest nations meet next week at the G7 summit in the Japanese city of Hiroshima to discuss geopolitical, economic and climate issues as the war in Ukraine drags on and tensions rise between China and the United States.

Reuters

Yellen heads to G7 with debt ceiling, bank crisis and tax woes in tow

Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans.

Reuters

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No quick deal in sight as EU countries start talks on new Russia sanctions

European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia's war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting trade restrictions.

Reuters

Budget 2023: it’s on for young and old

Recipients of JobSeeker, Austudy and the youth allowance will get $40 more a fortnight from last night’s budget, and a New York jury has found former US president Donald Trump guilty of sexual abuse.

Crikey

W.House confirms Biden to visit Papua New Guinea after G7 summit

Washington (AFP) - The White House confirmed Tuesday that Joe Biden will visit Papua New Guinea in May, a "historic" first trip for a sitting US president, as Washington vies with Beijing for influence in the region.

AFP

Biden to visit Papua New Guinea in a presidential first after G7

U.S. President Joe Biden will become the first U.S. sitting president to visit Papua New Guinea this month with a trip following the G7 in Japan, marking the administration's investment in the Pacific region to counter China.

Reuters

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The budget spending you’re not allowed to know about

From nuclear submarines to Nauru offshore processing costs, the budget contains a lot of omitted expenses.

Crikey

Japan MOF Kanda: Ukrainian finance minister to join G7 debate online

The Group of Seven finance ministers will invite their counterpart from Ukraine, Serhiy Marchenko, to participate in a session on the global economy, Japan's top financial diplomat Masato Kanda said on Tuesday.

Reuters

Ukraine's envoy to Japan urges G7 to condemn any threat to use nuclear weapons

The leaders of the Group of Seven (G7) rich nations must condemn any threat to use nuclear weapons and vow "decisive action" against such a move when they hold a summit next week in the city of Hiroshima, Ukraine's envoy to Japan said.

Reuters

UK shoppers cut spending amid pressure on Bank of England over inflation

Sluggish retail sales and credit card spending figures add to fears for British economy

The Guardian - UK

The West's uphill battle to sanction Russian diamonds

Russia counts diamonds as one of its top 10 non-energy exports by value.

Axios

Leaders from Japan and South Korea vow better ties following summit

Japan's prime minister expressed sympathy toward Koreans forced into industrial slavery during Japan's colonial rule as the leaders from the two countries vowed to strengthen cooperation.

WEKU

Yoon, Kishida vow better Seoul-Tokyo ties following summit

South Korean President Yoon Suk Yeol is calling for officials to map out specific steps to hasten security and economic cooperation with Japan following his weekend summit in Seoul with Japanese Prime Minister Fumio Kishida

The Independent UK

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AFP

Tokyo and Seoul try to bury historical hatchet, hailing 'new future' for ties

Seoul (AFP) - Japan's Prime Minister Fumio Kishida said Sunday his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats.

The Independent UK

Sunak and Trudeau emphasise UK-Canada ties at post-coronation meeting over tea

The two leaders hugged when the Canadian prime minister arrived at No 10.

Reuters

Japan's PM Kishida seeks closer ties with Africa in bid to woo 'Global South'

Japanese Prime Minister Fumio Kishida said on Thursday he hoped to see closer ties between Japan and Africa as he seeks to win over the "Global South" ahead of a Group of Seven (G7) summit he will host later this month.

Reuters

Yellen to travel to Japan for G7 finance ministers meeting

U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate in the Group of Seven (G7) finance ministers and central bank governors meeting, the Treasury Department said on Wednesday.

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The Guardian - UK

Nato planning to open Japan office to deepen Asia-Pacific ties – report

Liaison office plans likely to attract criticism from China which has warned against the western alliance extending into Asia

The Street

AI Market Impact Gets Real and Fast; Here's How and Where

Artificial intelligence is here and growing fast, putting jobs at risk and posing a complicated challenge for executives and policymakers.

WEKU

Japan's Kishida plans to visit Yoon in South Korea before G-7

Japanese Prime Minister Fumio Kishida says he wants to travel to South Korea to further strengthen ties between the two countries after President Yoon Suk Yeol's March visit to Tokyo.

Radio France Internationale

Japan PM's Africa tour a bid to counter China, Russia influence

Japan's Prime Minister Fumio Kishida began his first week-long Africa tour in Egypt at the weekend. The four-nation visit is part of a concerted effort to strengthen relations with the "Global South" and counter the growing influence of China and Russia in the region.

The Independent UK

Kishida plans to visit Yoon in South Korea before G-7

Japanese Prime Minister Fumio Kishida said he is arranging a trip to South Korea for talks with President Yoon Suk Yeol in return for his March visit to Tokyo

AFP

Japan PM Kishida plans South Korea visit

Tokyo (AFP) - Japanese Prime Minister Fumio Kishida said Tuesday he plans to visit South Korea next week for talks with President Yoon Suk Yeol, as the two US allies pursue warmer ties.

The Street

Stocks Edge Higher, Fed Decision In Focus, First Republic Fail, G-7 Eyes AI, Arm IPO - Five Things To Know

Stock futures edge higher with earnings, Fed in focus; Week Ahead: Fed decision highlights hectic slate on Wall Street; First Republic sold to JPMorgan as regulators take over another failed lender; G-7 ministers agree to tame ai developments, ensure 'trustworthy' system and Softbank plans Nasdaq IPO for Arm after spurning…

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