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The Latest Breaking News from G7

G7 aim to have price cap on Russian oil in place before Dec 5

The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force, a senior G7 official said on Wednesday.

Reuters

World is 'teetering on the edge of recession' as UK set to be weakest G7 economy

The outlook from the IMF isn't rosy

Wales Online

UK growth forecast downgraded AGAIN as IMF makes gloomy prediction

THE UK’s economic growth is slowing even more due to rampant inflation and it is set to be the weakest economy among the G7 nations next year, the…

The National (Scotland)

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There is a global debt crisis coming – and it won’t stop at Sri Lanka

Foreign capital flees poorer countries at the first sign of instability. The pandemic and Ukraine war ensure there is plenty of that around, says economist Jayati Ghosh

The Guardian - UK

Trump said ‘lot of things that proved to be true’, says Liz Truss

Tory leadership hopeful wants G7 turned into ‘economic Nato’ to tackle influence of China

The Independent UK

Boris Johnson's 10 greatest PMQs 'lies' as he clashes with Keir Starmer for last time

As the era of Boris Johnson at PMQs comes to an end today, we look back on 10 of the biggest false or misleading statements he's made since his took office in 2019

Daily Mirror

What’s happening to Russian gold?

A ban is in the works but the question is, how effective will it be in limiting Putin’s war chest?

Al Jazeera

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Sharing power with the next generations

A new idea of ‘inter-generational justice’ is gaining traction as a better way of producing a more equitable global order

The Hindu

Russian independent broadcaster TV Rain relaunches from abroad

Russian independent TV station Dozhd (TV Rain) resumed broadcasting on Monday evening from abroad after being forced to shut its Moscow studio due to the Ukraine war. The European Union and Azerbaijan signed a memorandum of understanding Monday to double gas imports from the energy-rich Caspian nation to Europe, which…

France 24

Russia sanctions 384 Japanese lawmakers over stance on Ukraine

Russia bans 384 Japanese lawmakers from entering country in response to Tokyo joining the G7 in sanctioning Moscow.

Al Jazeera

EU proposes new sanctions on Russian gold exports

The move follows a decision taken by the world’s most industrialised nations at a G7 meeting in late June.

Al Jazeera

EU to target Russian gold exports in latest Ukraine invasion sanctions

The European Union will target Russian gold exports in an upgrade of the bloc's sanctions against Moscow, due to be announced on Friday.

Radio France Internationale

British workers face world's worst pay squeeze as real wage level is forecast to drop 6.2%

Unions accuse Tories of breaking promises and leaving UK trailing other leading economies

Wales Online

Real wages forecast to ‘shrink’ over the next two years

TUC says families left ‘brutally exposed’ to Britain’s cost-of-living crisis after years of wage stagnation.

The Independent UK

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The Conversation

Ukraine war: Russia's G20 walkout heightens tensions at fractious summit as China's rise continues

While G20 foreign ministers were meeting in Bali, Indonesia, the Russian president, Vladimir Putin, threatened further escalation in his war against Ukraine, announcing to the world that “by and large, we have not started anything in earnest yet”. What he meant became quickly clear when a missile attack hit an…

The Guardian - UK

West must force private lenders to ease Africa’s crippling debt, say campaigners

Banks and traders have been ‘let off the hook’ by G7 despite being more to blame for the looming crisis than China

France 24

‘A job to run away from’: Dilemmas await successor to UK's Johnson

Nominations for the 11 Tory leadership contenders are expected to open on Tuesday, with MPs voting in the first round later in the week. Analysts anticipate that Boris Johnson’s successor in Downing Street will inherit a poisoned chalice. Topping the list of problems, the cost of living crisis vexing the…

Al Jazeera

Ukraine latest updates: UN says civilian death toll tops 5,000

Ukraine news from July 12: UN human rights office says 5,024 people killed in Ukraine since Russia’s invasion began.

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The Guardian - UK

It’s not only Britain. The west needs honest, trustworthy leaders to deter autocrats

A showdown is looming with Russia and China, but public confidence and belief in democratic institutions is waning, says Observer columnist Simon Tisdall

The Guardian - UK

Guto Harri: fingers point to PM’s ‘gaffe-prone’ comms chief after downfall

After Boris Johnson’s resignation, critics keen to lay blame at door of ‘too casual’ communications director

The Hindu

Worldview with Suhasini Haidar | Democratic freedoms: Should India worry about international criticism?

In this episode of Worldview, we discuss the reaction of the Indian government to international comments on democratic freedoms in the country, how much should the government worry about these, and what is the impact on Foreign policy

The Guardian - UK

Boris Johnson has left the UK economy in a parlous state

Analysis: If Johnsonomics stands for anything, it is a lack of plan or vision to address Britain’s economic woes

Reuters

Japan: Countries at G20 let Russia hear concern over Ukraine invasion

Japanese Foreign Minister Yoshimasa Hayashi said on Friday a G20 meeting in Indonesia was a good opportunity to convey to Russia the concern of G7 nations and others about the adverse impact of Moscow's invasion of Ukraine on the global economy.

Daily Mirror

Carrie Johnson's 'subtle Boris glance hints at stinging attitude change' - expert

Carrie Johnson used to be a 'proud fan of alpha male Boris', but all that has changed according to body language expert Judi James

The Guardian - UK

Famine: what is it, where will it strike and how should the world respond?

A toxic combination of climate emergency, conflict and Covid is pushing some of the poorest countries into an acute hunger crisis

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