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The Latest Breaking News from G7

Russia's oil revenues dwindle as sanctions bite, hitting economy

The Kremlin has resorted to higher taxes and borrowing to fill the gap left by dwindling oil revenues and slower economic growth.

Euronews

Why the EU wants to end the price cap on Russian oil and move to the next stage

The 20th package of EU sanctions against Moscow foresees a blanket ban on maritime services. If approved, it would discard the price cap on Russian oil that Western allies have applied since 2022.

Euronews

Newsletter: Kallas urges Europe to make Russia ‘negotiate’ rather than ‘pretend to negotiate'

Also in this newsletter: Leaders gear up for talks on restoring Europe's waning competitiveness, and Socialist moderate wins landslide victory in Portugal's presidential run-off.

Euronews

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EU proposes new sanctions to weaken Russia's oil sales, with full ban on services

The 20th package of EU sanctions against Russia targets oil, gas, the "shadow fleet", banking, cryptocurrency and metals.

Euronews

EU seeks G7 input on price cap before next round of sanctions against Russia

The price cap on Russian oil could drastically change if the EU moves ahead with a full ban on maritime services, as proposed by Finland and Sweden.

Euronews

US, UK, EU, Australia and more to meet to discuss critical minerals alliance

About 20 countries including G7 states in talks on rare earths including calls for US to guarantee minimum price

The Guardian - UK

Europe won’t yield to 'bullies' Macron warns as Trump pushes Greenland claim

French President Emmanuel Macron declared on Tuesday that Europe would refuse to give in to "bullies", delivering a pointed message at the World Economic Forum in Davos. European Commission President Ursula von der Leyen also pledged an "unflinching" response to US President Donald Trump's renewed territorial claims over Greenland.

Radio France Internationale

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Trump airing Macron’s private message was designed to hurt and intimidate

The US president uses mass communication to destabilise his rivals, but the risk is that frank exchange may dry up

The Guardian - UK

Trump Leaks Macron's Private Text and Claims He Foiled a Chilling Terror Jailbreak in Syria

Trump revealed Macron's private message, claiming role in stopping Syrian prison break, sparking diplomatic debate and scrutiny of allied counter-terrorism efforts.

International Business Times

‘My friend’: Donald Trump overshares Macron’s private text, but the real bombshell is in the unexpected twist

Trump’s schoolboy diplomacy continues.

We Got This Covered

Trump’s Greenland pressure stokes fears of economic hit

European leaders hinted at action to respond to Donald Trump’s tariff threats as Rachel Reeves pleaded for cool heads.

The Independent UK

Trump Shares Private Conversation With Macron, Who Urged Him to Discuss Greenland Over Paris Dinner

French President Emmanuel Macron questioned US President Donald Trump's growing interest in Greenland in a text exchange, proposing a private dinner and a multilateral G7 discussion to address Arctic security.

International Business Times UK

We prefer respect over bullies, Macron says at Davos as Trump tensions mount

Macron's Davos address comes as Trump published messages showing the French leader's confusion over Greenland and his proposal to hold a G7 meeting in Paris on Thursday that would include Russian representatives on the margins.

Euronews

EU leaders to address Davos summit amid tension over Trump's Greenland plan

European leaders take centre stage at Davos on Tuesday, hoping to steady fraying transatlantic ties before US President Donald Trump arrives with fresh tariff threats aimed at the EU over Greenland.

Radio France Internationale

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Evening Standard

Trump maintains pressure on UK and other European allies over Greenland

Donald Trump posted a series of messages on his Truth Social network underlining his desire to take control of Greenland.

The Independent UK

Reeves claims UK economy will ‘turn corner’ in 2026 with growth only behind US and Canada in G7

But the UK is expected to lag behind global growth which is projected at 3.3 per cent in 2026 and 3.2 per cent in 2027

The Conversation

Australia is betting on a new ‘strategic reserve’ to loosen China’s grip on critical minerals

The federal government has unveiled new details of its plan to create a A$1.2 billion critical mineral reserve.

AAP

Australia unveils stockpile plan for critical minerals

A $1.2 billion investment in critical minerals will be spruiked by Australia when finance ministers from major economies convene in the US capital.

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news in one place.

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We Got This Covered

France just rescheduled the G7 summit to avoid clashing with Donald Trump’s 80th birthday plans – it’s not what you’d expect

That’s the priority these days.

The Independent UK

France changes its G7 schedule because Trump is busy with White House UFC fight on his birthday: report

Trump has announced plans to host a UFC fight at the White House on his 80th birthday

International Business Times UK

France Delays G7: Why Trump's White House UFC Event Forces a Global Reset

France postpones the 2026 G7 summit to avoid a clash with Donald Trump's birthday UFC event at the White House, altering international diplomatic schedules.

The Guardian - US

France taps out as G7 summit moved to avoid clash with White House UFC event

France has delayed the G7 summit by a day to avoid a clash with a UFC fight card planned at the White House on Donald Trump’s 80th birthday

Caixin Global

The Week Ahead (Jan. 12-18): Canada Prime Minister Mark Carney Visits China

South Korea’s president travels to Japan, G7 finance chiefs eyeball rare earth limits

The Independent UK

Deaths set to outnumber births in the UK in 2026 ‘in new era’ that could lead to higher taxes

With birth rates falling, think tank Resolution Foundation said the UK will need to rely on immigration for population growth

Evening Standard

Press Association’s chief political photographer shares favourite images of 2025

Press Association chief political photographer Stefan Rousseau’s pictures showcase both the unexpected and accidental moments of British politics.

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