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The Latest Breaking News from G7

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

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

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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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

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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

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.

The Independent UK

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.

Reuters

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 Guardian - UK

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.

WEKU

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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

Reuters

U.S., Japan, South Korea leaders to meet at G7 Hiroshima Summit - U.S. officials

Leaders from the United States, Japan and South Korea will hold a meeting at the time of the Group of Seven (G7) summit in Hiroshima this month, senior U.S. administration officials said.

The Hindu

G7 business group endorses India’s G20 theme of ‘One Earth, One Family, One Future’

Top business executives of G7 countries have endorsed India’s G20 theme of ‘One Earth, One Family, One Future’ and said it is essential to achieve sustainable growth that is compatible with the protection of the global environment.

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Asharq Al-Awsat

G7 Should Adopt ‘Risk-Based’ AI Regulation, Ministers Say

Group of Seven advanced nations should adopt "risk-based" regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should also "preserve an open and enabling environment" for the development…

Reuters

G7 should adopt 'risk-based' AI regulation, ministers say

The Guardian - AU

Japan pledges to have women in third of top boardroom roles by 2030

Prime minister Fumio Kishida says diversity in listed companies is key to ‘achieving new capitalism and an inclusive society’

Reuters

Japan to invite emerging nations to G7 finance leaders' meeting

Japan will invite some emerging nations to an outreach meeting at the Group of Seven advanced countries Japan chairs next month in the city of Niigata, Finance Minister Shunichi Suzuki said on Friday.

Daily Mirror

Workers suffer £400 hit to monthly pay packets as wage growth stalls under Tories

Labour's Rachel Reeves warned that ordinary families are paying the price of 13 years of low-growth and high taxes under this Conservative government

Newslaundry

Between China and Ukraine: Why G7 and Quad meets will be another tightrope for Indian diplomacy

Even as India is holding a slew of events as the current G-20 president, set to culminate in the Delhi summit in September, the next few weeks will be hectic for the country’s summit diplomacy of a different kind and for a different reason.

Asharq Al-Awsat

White House: Biden to Attend G7 Leaders' Summit in Hiroshima

US President Joe Biden will attend the G7 leaders' summit in Hiroshima, Japan from May 19-21, the White House announced Tuesday. “Biden and G7 leaders will discuss a range of the most pressing global issues, including the G7’s unwavering support for Ukraine, addressing the dual food and climate crises, securing…

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