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The Latest Breaking News from G7

Exclusive-G7 coalition has agreed to set fixed price for Russian oil -sources

The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month, rather than adopting a floating rate, sources said on Thursday.

Reuters

The Guardian view on Olaf Scholz’s visit to Beijing: treading a fine line

Editorial: There are no easy solutions to Germany’s China problem

The Guardian - UK

G7 ministers meet with Ukraine war, China ties on agenda

Top diplomats from the world’s major industrialized democracies are opening two days of talks in Germany, where they will grapple with grappling with the implications of Russia’s war in Ukraine, China’s growing economic clout and Iran’s crackdown on anti-government protesters

The Independent UK

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G7 to work together on winter aid for Ukraine, Germany says

Group of Seven foreign ministers gathered on Thursday to weigh how to support Ukraine through the winter in the face of Russian attacks on its power grid as well as deal with China's growing assertiveness and Iran's crackdown on protests.

Reuters

Cleverly to warn allies Putin is plunging world’s poorest into further ‘despair’

James Cleverly is set to stress the need to work together in the face of economic insecurity driven by Moscow’s war on its neighbour.

The Independent UK

G7 foreign ministers set to grapple with Ukraine war, China

Top diplomats from the world’s major industrialized democracies will grapple with the implications of Russia’s war in Ukraine, China’s growing economic clout and aims on Taiwan and Iran’s treatment of anti-government protesters when they open two days of talks in Germany this week

The Independent UK

Indonesian ambassador warns Australia Aukus pact must not fuel a hypersonic arms race

Siswo Pramono says the two countries remain in close talks on ensuring the safety of Australia’s plans to acquire nuclear-powered submarines

The Guardian - AU

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Growing fears £1.6bn defence deal will be given to Spanish-led bidders

Unions leading the fight for Team UK to win the prestigious Fleet Solid Support ship contract believe the Tories are poised to send it offshore

Daily Mirror

Japan Warily Welcomes Back International Travelers

In his parliamentary speech in October, Kishida presented his plan to revive the Japanese economy, including a pledge to increase international tourist spending beyond the pre-pandemic high in 2019.

The News Lens

We need to talk about Xi Jinping: G7’s discord over powerful trading partner

Disagreements have opened up about strategy when China is also seen as an existential threat

The Guardian - UK

A nation of immigrants: Newcomers' share of Canadian population hits record

Immigrants' share of Canada's population has hit its highest point in the country's 150-year history and the biggest share among G7 countries, new data released by Statistics Canada showed on Wednesday.

Reuters

Help with paying energy bills will be reviewed before the end of this year

"Uncertainty around the future of the energy price guarantee beyond April is frightening for consumers"

Wales Online

Review into Energy Bill Relief Scheme before the end of the year, minister says

Labour warned businesses ‘need assurances now, not the end of April’.

The Independent UK

G7 Condemns Russia’s Kidnapping of Ukraine Nuclear Plant Leadership

The Group of Seven (G7) industrialized nations condemned Russia's kidnapping of the Zaporizhzhia nuclear power plant leadership and called for the immediate return of full control of the plant to Ukraine. "We condemn Russia's repeated kidnapping of Ukrainian ZNPP (Zaporizhzhia nuclear power plant) leadership and staff," G7 Nonproliferation Directors General…

Asharq Al-Awsat

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France 24

Russia’s defence minister warns of 'uncontrolled escalation' in Ukraine conflict

Russia's Defence Minister Sergei Shoigu warned of “further, uncontrolled escalation” in the war in Ukraine in a phone call Sunday with his French and Turkish counterparts, the Russian defence ministry said. Shoigu also conveyed "concerns about possible provocations by Ukraine with the use of a 'dirty bomb'". Read our live…

Reuters

Russia poised to largely skirt new G7 oil price cap

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a U.S. official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime revenue.

The Guardian - AU

Australia and Japan to share intelligence on China in security deal, ambassador says

In interview with Guardian Australia, Shingo Yamagami also hints Australia is likely to be invited to G7 summit in Hiroshima

Reuters

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.

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Bangkok Post

Wars aren't won with peace economies

Politically, the G7 and likeminded countries around the world have adopted a war footing to stop Russian aggression. Russian President Vladimir Putin violated the most fundamental principle of international law by launching an unprovoked attack on another member of the United Nations -- an institution created explicitly to prevent such…

The Independent UK

No one thought mini-budget was a ‘bad idea’, senior minister admits

The Cabinet was not consulted on the doomed plan set out by Kwasi Kwarteng but no one in the top team thought it was bad.

The Guardian - UK

Putin’s lying diplomats make excuses for terror in Ukraine. Expel them all

Diplomacy isn’t working and Putin doesn’t want peace. Western countries should close their embassies and send Russia’s envoys packing

The Guardian - AU

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

Kerch bridge attacked; Russia launches strikes across Ukraine; winter weaponised

Tribune News Service

Editorial: Resolve needed amid Russian missile strikes

Russia's response this week to an attack on a critical Crimean bridge reflected the difference between the governments in Kyiv and Moscow.

Reuters

Creditors say Chad does not need debt relief now given oil price surge

Chad's creditors on Thursday said they had agreed that the African country did not need debt relief at the moment given a surge in oil prices, but committed to reconvene if a financing gap was identified.

Reuters

Germany's Lindner: Ukraine can rely on G7 finance support in times of war

Leaders from the Group of Seven (G7) rich nations have assured Ukrainian officials that they will continue to provide financial support for Ukraine as it battles invading Russian forces, Germany's finance minister said on Thursday.

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