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The Latest Breaking News from G7

ECB declines to provide emergency liquidity for reparations loan to Ukraine

The latest effort to support Ukraine with immobilised Russian assets has suffered a new setback at the hands of the European Central Bank, which warned that the plan would violate EU treaties and undermine the institution's independence.

Euronews

UK growth facing headwinds from tax hikes and spending cuts – OECD

The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening.

Evening Standard

Rachel Reeves’s high-stakes autumn budget in five key charts

Chancellor to set out tax and spending plans shaped by weak productivity, high borrowing costs and cost of living crisis

The Guardian - UK

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Ukraine peace talks: What's at stake for the Europeans?

Initially sidelined, Europeans want to muscle their way back to the peace negotiations between Ukraine and Russia by leveraging the key issues that can only be settled with their consent. But what are they? Analysis:

Euronews

Bond market power: why Rachel Reeves is keen to keep the £2.7tn ‘beast’ onside

Hugely influential traders will be hanging on the chancellor’s every word when she announces her budget

The Guardian - UK

Starmer and other Ukraine allies say US peace plan ‘will require work’

The G7 and G20 leaders who met at the South Africa summit expressed concerns about the proposal to limit Kyiv’s army.

The Independent UK

Starmer and other Ukraine allies express ‘concern’ over US peace plan

Donald Trump said his proposal is not a ‘final offer’ but the war must end now

Evening Standard

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Ukraine-Russia war latest: Zelensky says ‘most difficult moment in history’ as Trump sets peace deal deadline

Ukrainian president says his country faces ‘one of the most difficult moments in our history’ in address to the nation

The Independent UK

BRICS Outpaces G7, The Undeniable Economic Rebalancing

The BRICS+ now commands a larger share of world GDP than the G7. The bloc originally comprising Brazil, Russia, India, China, and South Africa has been expanding. Alongside newly added members in Egypt, Ethiopia, Iran, Indonesia, Saudi Arabia, and the United Arab Emirates, they surpassed the industrialized G7 bloc when…

Benzinga

What we learned from Ursula von der Leyen's options paper to support Ukraine

The options paper sent by Ursula von der Leyen to EU leaders presents a binary choice: fresh debt or tap the Russian assets. Euronews breaks down the key elements of her long-awaited document.

Euronews

G7 foreign ministers close ranks on wars in Ukraine and Sudan

Top diplomats from the Group of Seven industrialised democracies presented a united front on Ukraine and Sudan on Wednesday, even as they skirted around the more contentious issues overshadowing the gathering.

Radio France Internationale

G7 foreign ministers show support for Ukraine after talks in Canada, but avoid issues like trade

The G7 ministers said in a joint statement at the conclusion of the two-day gathering that they are increasing the economic costs to Russia and exploring measures against those who finance Russia’s war efforts.

Euronews

Ukraine-Russia war latest: Kyiv fires long-range Flamingo missiles at Russian oil facilities in fresh wave of strikes

Ukraine’s General Staff said oil depot were attacked in occupied Zaporizhzhia and Crimea

The Independent UK

France sounds alarm on Caribbean unrest as G7 leaders meet in Canada

France's foreign minister criticized "military operations" in the Caribbean at a G7 meeting on Tuesday, as the deployment of a US aircraft carrier strike group escalated an arms buildup in the region.

Radio France Internationale

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Euronews

Ukraine's FM Andriy Sybiha presses G7 for support as Russia targets energy grid

Canada announced more sanctions against Russia on Wednesday and a day earlier, the United Kingdom pledged €14 million in funding for Ukraine's energy infrastructure.

The Guardian - UK

US strikes against boats in Caribbean ‘disregard international law’, French minister says

G7 foreign ministers questioned Marco Rubio about the attacks on what the Trump administration claims are drug smugglers

The Independent UK

Top diplomats will talk with Ukraine's foreign minister at the G7 meeting in Canada

Top diplomats from the Group of Seven industrialized democracies are meeting Ukraine’s foreign minister in Canada as Ukraine tries to fend off relentless Russian aerial attacks that have brought rolling blackouts across the country ahead of winter

Euronews

G7 foreign ministers meet in Canada for talks on trade, Ukraine, and Trump's ceasefire plan in Gaza

Tensions have risen between the US and traditional allies like Canada over defence spending, trade and uncertainty over President Donald Trump's ceasefire plan in Gaza and efforts to end the war in Ukraine.

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The Independent UK

Britain to tighten restrictions on Russian gas exports – here’s why

Russian liquified natural gas (LNG) is set to face a ban on access to UK maritime services

The Guardian - UK

Can Nigel Farage emulate success enjoyed by Italy’s far-right Giorgia Meloni?

Reform’s leader may hope to tread a similar path to Italy’s prime minister, but she is an experienced parliamentarian open to collaboration and compromise

Euronews

Where are Russia's immobilised assets? Nobody, except Belgium, wants to say

The debate about issuing a reparations loan to Ukraine has prompted one burning question: Where exactly are Russia's immobilised assets?

International Business Times UK

Planning on Leaving the UK for Good? Rachel Reeves Might Tax You More on Remaining Assets

Chancellor Rachel Reeves weighs 20% settling-up charge on UK assets for wealthy leavers in budget 2025, targeting tax havens and aligning with G7 amid 16,500 millionaire migrations.

The Independent UK

Here’s why the UK’s state pension is the least generous across the G7

British pensioners are only getting 22 per cent of their pre-retirement income from government payment

International Business Times UK

BBC's Trump Trap: Panorama Under Fire — How Cut-and-Paste Editing Is Warping Public Trust

BBC's Panorama faces backlash over claims it edited Trump's rally speech misleadingly, raising new concerns about media accuracy and public trust.

The Independent UK

Is this hotel the best place to stay along the north Cornish coast?

Just outside St Ives sits a tranquil spot of remarkable luxury, writes Marc Mayo

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