The Latest Breaking News from Group of Seven

Large investments in gas infrastructure in developing countries are needed, Italian Prime Minister Mario Draghi said as leaders of the Group of Seven rich democracies unveiled projects on energy and infrastructure financing on Sunday.

All leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at this year's annual G7 summit.

After clashing last year over sausages and submarines, France's Emmanuel Macron and Britain's Boris Johnson were all smiles at a G7 summit on Sunday, with disputes over Brexit not even coming up at bilateral talks focused mainly on Ukraine.

Strikes by Russian missiles in the Ukrainian capital Kyiv overnight and early this morning were another case of Russian barbarism, U.S. President Joe Biden said at the summit of the Group of Seven rich democracies in Germany on Sunday.

U.S. President Joe Biden thanked German Chancellor Olaf Scholz for his leadership on the Ukraine crisis when they met at a Bavarian Alpine retreat on Sunday ahead of a summit of the Group of Seven rich democracies that aims to send a message of unity.

President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine. A formal announcement was…

German Chancellor Olaf Scholz has welcomed leaders of the Group of Seven rich democracies to a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences, from energy shortages to a food crisis.

The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.

G7 leaders including US President Joe Biden gather on Sunday in southern Germany, seeking emphatic backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war. From soaring inflation to a looming food crisis and energy shortages, the conflict in Ukraine, now in its fifth…

President Joe Biden and his Group of Seven allies will huddle in the Bavarian Alps on Sunday to confer on strategies to secure energy supplies and tackle inflation

Group of Seven negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue to leaders to discuss at a summit starting Sunday in Germany, according to people familiar with the matter.