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The Latest Breaking News from G7

Denmark offers ‘loss and damage’ funding to poorer countries for climate breakdown

Denmark ‘gets ball rolling’ at UN ahead of protests as poor nations call for greater collective commitment

The Guardian - UK

Macron says UK and France must ‘move on’ from Truss remarks

Two leaders appear to smooth over tensions in first bilateral talks in New York but avoid awkward topics

The Guardian - UK

U.S. senators want secondary sanctions on Russian oil

Democratic and Republican senators on Tuesday proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Reuters

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Liz Truss warned corporation tax cuts have not fuelled investment

‘Race to the bottom’ on tax on company profits has failed to boost economic growth, says IPPR

The Guardian - UK

Liz Truss’s bid to ‘go for growth’ by slashing big business taxes will fail, study warns

UK among ‘worst performers’ for private sector investment – despite lowest corporation tax rate

The Independent UK

Greens urge Labor to redirect fossil fuel subsidies to renewables in budget – as it happened

This blog is now closed

The Guardian - AU

Australia backs G7 Russian oil price cap

Australia will join the G7 nations and impose a price cap on Russian oil to drive down global oil prices while still putting a dent in Moscow's finances.

AAP

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Fallout from an 'economic war'

Thailand's customs-cleared export value continued to expand for a 17th consecutive month in July, but the growth rate slowed to 4.3% year-on-year after robust gains of 11.9% in June, 10.5% in May, 9.9% in April and 19.5% in March, which was the highest level since records began in 1991.

Bangkok Post

PM Modi arrives in Samarkand for Shanghai Cooperation Organisation meeting, skips photo ops

Friday will mark Modi’s first face-to-face meeting with Xi since April 2020 LAC stand-off

The Hindu

G7 nations to take tougher line on trade with China

Germany’s economy minister says the Group of Seven major economies have agreed to take a tougher, more coordinated stance toward China when it comes to trade

The Independent UK

India’s procurement of Russian crude oil not under govt-to-govt framework: Foreign secretary

India’s procurement of discounted crude oil from Russia has seen a significant jump in the last few months notwithstanding an increasing disquiet over it by the Western countries

The Hindu

German economy minister sees possible victory for democracy in Ukraine

German Economy Minister Robert Habeck said on Thursday he could see the possibility of victory for democracy in Ukraine and vowed to send more weapons as the country battles to extend its territorial gains against Russia.

Reuters

The Unkept Promises of Western Aid

How donor countries cook their books and let down the developing world.

Foreign Affairs

4 Energy Stocks You Can Still Buy for Under $20 in 2022

The G7 imposing price cap on Russian oil could raise energy prices in winter. Moreover, the Biden administration is considering refilling its strategic reserves to support prices. And considering OPEC’s upbeat demand outlook, the energy stocks Cenovus Energy (CVE), Birchcliff Energy (BIREF), Amplify Energy (AMPY), and MV Oil (MVO) which…

StockNews.com

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The Independent UK

China keeps West guessing about economic pressure on Russia

Chinese leader Xi Jinping is keeping the West guessing about whether Beijing will cooperate with tougher sanctions on Moscow as he meets President Vladimir Putin a year after declaring a “no limits” friendship ahead of Russia's invasion of Ukraine

The Conversation

Food insecurity during COVID-19: 2SLGBTQ+ people talk about challenges and support

Many people grow up without enough food to eat, even within Canada; a G7 country with one of the world’s most advanced economies. The Government of Canada defines food insecurity as the “inability to acquire or consume” a diet that is adequate in quality and quantity, or “the uncertainty that…

Reuters

The G7's price cap on Russian oil begins to take shape

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.

Reuters

Russia warns the West: energy price cap will be your undoing

Russia warned the West on Friday that plans to try to cap the price of Russia's oil and gas exports in retaliation for the war in Ukraine would fail and ultimately lead to the instability of the United States and Europe.

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Wales Online

The times that The Queen made us laugh

Stunts with a secret agent, sassiness to heads of states and a shared joke with Sir David Attenborough

Daily Record

The Queen and US Presidents: From dancing with Gerald Ford to watching baseball with George Bush

The monarch played a pivotal role over the decades in the UK's relationship with the leaders of one of its closest allies.

Reuters

Other nations weighing G7 Russia oil price cap, U.S.'s Adeyemo says

A number of oil-importing countries are considering joining the G7's plan to cap the price of Russian oil, Deputy U.S. Treasury Secretary Wally Adeyemo said on Thursday, adding that the group would issue related rules in the next few days.

Al Jazeera

What should Ukraine expect from UK’s PM Truss?

Ukrainian analysts are optimistic that the new British leader will continue the close UK-Ukraine partnership.

Financial Times

India and China undercut Russia’s oil sanctions pain

Customs data suggest demand from Beijing and New Delhi is largely offsetting loss of sales to Europe

Newsroom.co.nz

NZ expresses active interest in joining German 'climate club'

Officials talk to their German counterparts about a new climate alliance to align trade settings with emissions reductions.

Daily Mirror

Russian energy giant Gazprom shares chilling prediction of gas-less European winter

Energy giant Gazprom, which traditionally has had a large market across Europe, released the film on Monday three days after it announced the indefinite shutdown of pipeline Nord Stream 1

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