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The Latest Breaking News from G7

Economic hit from public sector strikes worth it to tame UK inflation, says Hunt

Chancellor’s remarks come despite industrial action being major factor in zero GDP growth in February

The Guardian - UK

UK is worst performer in G7 for workforce participation since Covid

Number of working-age adults in work or job hunting is still lower than before pandemic, OECD figures show

The Guardian - UK

Sunak and Biden’s bilat falls flat as duty briefly calls in Northern Ireland

The US president and the UK prime minister fill time before a speech marking 25 years since the Good Friday agreement

The Guardian - UK

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Economist who lambasted Brexit and Liz Truss joins Bank of England

New member of Bank’s Monetary Policy Committee believes ‘Brexit is bad for the UK’

The Independent UK

Foreign policy report sees world at turning point

The Foreign Ministry on Tuesday released its annual foreign policy report, in which it describes the international community as "at a turning point" in history in light of the Russian invasion of Ukraine and other developments. Foreign Minister Yoshimasa Hayashi presented the report, also called a diplomatic bluebook, at a…

The Japan News/Yomiuri

UK will be worst performing G7 nation this year as economy shrinks, experts predict

The International Monetary Fund thinks UK plc will shrink 0.3%, and the only other advanced economy in the G7 group expected to decline is Germany’s, by 0.1%

Daily Mirror

SNP blame 'Tory economic incompetence' as UK set for worst growth in G7

The International Monetary Fund said the UK's economy will grow slower than most other G20 countries.

Daily Record

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UK on track to be worst-performing G7 economy this year despite IMF upgrade

The UK’s economy will shrink by 0.3% and grow by 1% next year, the IMF said on Tuesday.

The Independent UK

UK economy to shrink by 0.3% – the worst of any G7 country, as IMF warns of more turmoil

Economists blame Brexit, Liz Truss’s economic missteps, and a lack of investment in infrastructure for UK lagging behind

The Independent UK

UK economy forecast to shrink by 0.3% this year, says IMF

IMF says euro area and UK – one of only two G7 countries forecast to contract in 2023 – especially hit by energy costs and inflation

The Guardian - UK

Russia plans electronic draft papers to mobilise new army conscripts

Russia’s lower house of parliament on Tuesday voted unanimously to introduce electronic mobilisation papers to make it harder for Russian men to avoid the draft. More than 300,000 are believed to have been called up since President Vladimir Putin invaded Ukraine last year. The UN, meanwhile, says the confirmed civilian…

France 24

G-7 nations tussle over bid to phase out coal power by 2030

Group of Seven nations are butting heads over the timeline for phasing out coal-fired power ahead of next weekend’s summit of top energy and environmental ministers.

Tribune News Service

Japan to chair G7 finance meeting in Washington

Finance Minister Shunichi Suzuki said on Tuesday that Japan would chair a Group of Seven (G7) financial leaders' meeting on Wednesday in Washington to discuss the global economy and financial markets, the strengthening of supply chains and the Ukraine crisis.

Reuters

‘I decided I could do better than them’: the women taking on Japan’s male-dominated politics

Female candidates in the local elections across the country this weekend face one of the world’s toughest glass ceilings

The Guardian - AU

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Reuters

Japan rejects Russian Sovcombank's allegation that sanctions are illegal

Japan on Tuesday rejected an allegation that the sanctions it has imposed on Russian private lender Sovcombank are illegal, and said Russia's aggression against Ukraine should have a significant cost.

Fortune

Energy analysts have been making gaseous calls since Russia invaded Ukraine. It's time to clear away the smoke of economic groupthink

Yale's Sonnenfeld and Tian call out a year of bad energy calls.

The Guardian - UK

‘It’s like we don’t exist’: Japan faces pressure to allow same-sex marriage

Diplomats add their voices to Japanese campaigners in demanding LGBTQ+ rights as Hiroshima prepares to host the G7 summit

The Independent UK

LGBTQ summit calls on Japan to enact anti-discrimination law

Japanese LGBTQ activists and supporters have held an inaugural Pride 7 Summit in Tokyo, where they called on Group of Seven governments to promote and strengthen support and legal protections for LGBTQ people and urged Japan’s government to enact an anti-discrimination law before it hosts this year’s G-7 summit in…

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The Conversation

First Target, then Nordstrom — why do big retailers keep failing in Canada?

Since Nordstrom announced it was pulling out of Canada, there has been a maelstrom of articles about the pervasive failure and exodus of U.S. retailers from Canada. Aside from Nordstrom, American retailers that have failed in Canada include Bed Bath and Beyond and Target.

Reuters

Factbox-EU keeps on doing business with Russia despite sanctions

With ten rounds of sanctions since Russia invaded Ukraine in February last year, the European Union has rolled out its toughest punishment ever against a foreign country.

Tribune News Service

Aging shadow fleet carrying Russian oil poses disaster risk

The oil tanker Turba normally should have been melted down by now.

The Japan News/Yomiuri

Hayashi to attend NATO meeting ahead of G7 summit

Foreign Minister Yoshimasa Hayashi will attend NATO's council of foreign ministers in Brussels on April 4-5, according to government sources.

The Week

Three years since lockdown began: how Britain changed

The UK’s first national lockdown was introduced on 23 March 2020 in an attempt to reduce the spread of the deadly Covid-19 virus.

WEKU

Biden is visiting Ottawa this week. Concerns about Haiti are at the top of the agenda

It's President Biden's first trip to Canada as president. He and Prime Minister Justin Trudeau are expected to discuss their concerns about the security crisis in Haiti.

The Guardian - UK

Why does the UK have highest inflation in G7 and is Brexit a factor?

Britain appears to be an international outlier after the shock reading in double digits this week

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