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The Latest Breaking News from G7

BRICS, a grouping of six new members inducted in August, is an economic compulsion. It has grown to 36% of global GDP and 47% of world population by 2050. It has the potential to challenge G7 dominance and contains two of the world's fastest-growing economies, China and India. The U.S.'s…

The Hindu

UK economy makes stronger recovery from pandemic than first thought

Revisions to figures show stronger performance than Germany and France but momentum starts to stall

The Guardian - UK

Western sanctions on Russian diamonds set to disrupt a global industry

G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for months – but imposing new regulations on the global diamond market is no easy…

France 24

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Fake coordinates, shadow tankers: How Russia is transporting oil to avoid G7 sanctions

On a sunny day off the southern coast of Greece last week, two aging tankers nestled next to each other while one pumped oil to the other. As far as global satellite tracking systems could tell, it never happened.

The Times of India

Revealed: Europe’s role in the making of Russia killer drones

Exclusive: Kyiv says Iranian drones used by Russia in Ukraine have various European components

The Guardian - UK

Russia still relies on Europe to ship its oil despite price cap breach

Russia is still relying on European shipping to transport its oil even as the country’s supplies exceed Group-of-Seven price caps, according to a researcher.

The Times of India

Russian oil supplies continue to spike despite G7 price cap sanctions, data shows

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

The Independent UK

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Who wants to rule the world? I will, says Joe Biden. No, it’ll be me, says Xi Jinping

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

The Guardian - UK

G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

The Conversation

UK minister says west must learn to listen better to global south

James Cleverly says some in south feel they only hear ‘Ukraine, Ukraine, Ukraine’ from western leaders

The Guardian - UK

Hunt: Inflation plan working but households still feeling cost-of-living pain

The Chancellor said there is still ‘immense pressure’ on families but the Government’s plan ‘is working – plain and simple’.

The Independent UK

Investors cut bets on UK interest rate rise after surprise fall in inflation – as it happened

Odds of an increase in UK interest rates on Thursday fall below 50%, after inflation rate dropped unexpectedly in August to an 18-month low

The Guardian - UK

The ‘mantras’ that powered success at the G-20 summit

It is India’s policy ‘mantras’ of multilateralism, multipolarity and the “middle way” that won the day at the G-20 summit

The Hindu

OPINION - Guto Harri: Meeting Macron is a coup for Keir Starmer, but he should be wary too

You don’t easily forget an encounter with Emmanuel Macron. Mine was brief and in private, at the G7 summit in Germany last year. His hand was firm but he held my gaze even more tightly. A Downing Street colleague got a wink that she will cherish for ever — Gallic…

Evening Standard

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Evening Standard

UK flatlining economy will grow slower and suffer higher inflation than eurozone in 2023, leading economists

Government accused of leaving Britain ‘stuck in the slow lane’

The National (Scotland)

Stronger taxes on UK's biggest polluters could have raised £23 billion

STRONGER action on taxing the country’s biggest polluters by the UK Government could have raised up to £23 billion last year, a report has…

The Hindu

Assessing outcomes of G-20 summit

There should be no hesitation in recognising that the summit has been a major political and diplomatic success for G-20 and its current president, India

The Independent UK

Aid cuts see UK fall out of top five in global development rankings

The UK had previously been the only G7 nation in the top five, but has now been overtaken by Germany and France.

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The Hindu

Summit without a declaration would have meant death for the G-20: German Ambassador

G-7 countries saved G-20 from demise with skilful Indian negotiations, Indonesia-India-Brazil-South Africa joint proposal. All countries agreed to formulation, Russia isolated. Ukraine disappointed, Germany promised more aid and support.

The Hindu

India’s moment: on the G-20 Summit outcomes

India’s hosting the G-20 Summit was successful with the Declaration statement achieving what is truly impossible in today’s global polarisation

The Independent UK

Russia targeted civilian cargo ship in Black Sea, Sunak tells MPs

Declassified UK intelligence suggests missiles were fired from a Russian Black Sea fleet missile carrier on August 24.

Al Jazeera

G20 Summit: What India showed the world — and what it hid

Modi’s face and India’s diplomatic nous were on display. But from monuments to food, its diversity was denied a stage.

The Conversation

As Russia woos nations to support its war in Ukraine, will fault lines deepen around the globe?

Some 560 days have passed since the Russian invasion of Ukraine. We have repeatedly been reminded about the awfulness of war – the senseless waste of human life and indiscriminate misery caused by the imperial delusions of a self-interested leader.

The Hindu

G7 countries, Turkey defend climbdown on Ukraine to clinch Delhi declaration

A day after G-20 leaders adopted the Delhi declaration with significantly watered down language on Russia, G7 countries mounted a defence that the language against Russia was not weakened but was something needed to obtain consensus for G-20.

The Hindu

Win for Global South, says Russian FM, praises India for G-20 summit statement success

In a press conference full of barbs about the G-7 and EU, that he repeatedly referred to as “the West”, Russia’s Foreign Minister Sergei Lavrov said that all G-20 declarations need a compromise.

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