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The Latest Breaking News from G7

U.S says G7 should soon unveil price cap level on Russian oil, adjust regularly

The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly, a senior U.S. Treasury official said on Tuesday.

Reuters

Sunak warns of ‘challenging’ winter of strikes, high costs and NHS backlogs

The Prime Minister braced his Cabinet for misery in the coming months.

The Independent UK

UK ‘to face worst downturn of major economies’ in 2023, says OECD

Britain facing recession which much of world will avoid, says report

The Independent UK

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OECD says UK economy set for worst performance in G7

Germany’s economy is the only other G7 nation set to shrink next year

Evening Standard

G7 calls for tougher sanctions on North Korea after latest missile launch

The G7 nations on Sunday slammed North Korea's "reckless" launch of another intercontinental ballistic missile and called on the UN Security Council to take further "significant" action to halt the tests.

Radio France Internationale

Asia must seize energy opportunity

A year ago, following US President Joe Biden's election win, multilateralism once again became the beating heart of global climate action. G20 leaders agreed to more ambitious near-term climate targets en route to achieving net-zero emissions by mid-century, and they committed to ending inefficient fossil-fuel subsidies and cooperating on clean…

Bangkok Post

A climate reparations insurance scheme

A group of countries led by Germany announced a climate insurance scheme called the Global Shield at COP27

Salon

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Tory MP confronted live on air over claim UK is outpacing G7 economies

A CONSERVATIVE MP has been caught out live on air after she claimed the UK economy is doing better than the rest of the G7.

The National (Scotland)

Japan 'deeply concerned' over Poland blast, Kishida tells G7, NATO meet

Japanese Prime Minister Fumio Kishida attended an emergency meeting of G7 advanced economies and NATO member nations held on Wednesday after news of a missile dropped in Poland, Japan's foreign ministry said.

Reuters

NATO, G7 countries to remain in close contact over Poland blasts

NATO and G7 countries said on Wednesday they would remain in close contact to decide any possible reaction to a blast caused by a rocket which fell in Poland close to the Ukraine border and killed two people.

Reuters

Biden: 'Unlikely' that missile which killed two people in Poland was fired from Russia

UK Prime Minister Rishi Sunak meets with G7 and Nato leaders following reports that the missile slammed into village close to Ukraine border

Wales Online

Rishi Sunak attends emergency meeting at G20 after missile lands in Poland

The Prime Minister joined a meeting with G7 and Nato leaders after a missile killed two people in Poland’s east.

The Independent UK

Biden calls 'emergency' meeting after missile hits Poland

President Joe Biden called an “emergency” meeting of G7 and NATO leaders in Indonesia Wednesday morning for consultations after NATO-ally Poland said a “Russian-made” missile killed two people in the eastern part of its country near the Ukraine border

The Independent UK

G20’s dysfunctional family show little sign of working together in a crisis

Communique unlikely to stretch beyond usual platitudes despite the need for a global plan for recovery

The Guardian - UK

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Daily Mirror

Tory who helped do Aussie trade deal blasts it as 'not very good' and 'failure'

George Eustice, who was the Environment Secretary, said the post-Brexit deal was 'not actually very good' and 'gave away far too much for far too little in return'

The Conversation

At the most challenging G20 in history, can Indonesia run a successful summit?

Indonesia is holding the G20 Summit in Bali on November 15-16. Heads of states from the world’s largest economies are attending – although Russian President Vladimir Putin has decided not to attend in-person.

Reuters

Wrangling over Ukraine war dominates summit of G20 major economies

A Western-led push to condemn Russia's invasion of Ukraine dominated Tuesday's Group of 20 (G20) summit on the Indonesian island of Bali where leaders of major economies grappled with a dizzying array of issues from hunger to nuclear threats.

The Guardian - UK

Anxiety grows over risk to 1.5C: what happened on day seven at Cop27

Indigenous women from the Amazon held a press conference and developing countries criticised the G7’s loss and damage strategy

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The National (Scotland)

Ex-Tory minister admits Australia trade deal 'not actually very good'

A FORMER UK environment minister said the Government's Australia trade deal “is not actually a very good deal for the UK”.

Evening Standard

Former minister George Eustice claims Australia post-Brexit trade deal ‘not actually good for the UK’

Tory former Environment Secretary says UK ‘gave away far too much for far too little in return’

The Independent UK

Insurance fund for climate impacts announced at UN talks

The Group of Seven leading economies launched a new insurance system Monday to provide swift financial aid when nations are hit by devastating effects of climate change

Evening Standard

China vs USA | Raab vs MoJ | Ronaldo vs Man Utd

The G20 is a suspiciously round number. To qualify as a G7 nation, you must both have a large economy and be a liberal democracy – hence Russia’s expulsion several years ago.

The Conversation

G20: tensions likely to emerge as world leaders gather for Bali summit

The leaders of the world’s biggest economies assemble in Bali this week for the annual G20 summit. They do so facing multiple interconnected global crises. Russia’s war in Ukraine, economic slowdown in China, heightened Sino-American tensions over Taiwan, precipitous worldwide increases in costs of living, and growing global food shortages…

Reuters

G7 launches climate 'Shield' fund, some countries wary

A G7-led plan dubbed "Global Shield" to provide funding to countries suffering climate disasters was launched at the U.N. COP27 summit on Monday, although some questioned the effectiveness of the planned scheme.

Reuters

Pakistan will be among first to receive G7 'Global Shield' climate funding

Pakistan, Ghana and Bangladesh will be among the first recipients of funding from a G7 'Global Shield' initiative to provide funding to countries suffering climate disasters, the programme announced on Monday at the COP27 summit in Egypt.

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