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The Latest Breaking News from G7

Trade is shaping new global power relations: what this means for Africa

Over the past two decades, economic strength, trade flows, technological leadership and even consumer demand have been moving steadily from west to east. This transformation is redrawing economic maps. It is also raising urgent questions about co-operation, competition and inclusion in a multipolar world. Lecturer in economics and finance Arno…

The Conversation

Goldman Sachs, Citi, Bank Of America To Walk Through The Door Opened By Trump-Backed GENIUS Act

A consortium of major banks including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC) announced plans to explore blockchain-based assets pegged to G7 currencies, according to Reuters.

Benzinga

Voices: The Tories are making a fatal mistake in push to cut UK foreign aid to a new low

COMMENT: Britain cannot afford to ignore the politics of aid, or we will suffer the consequences, writes Stefan Dercon

The Independent UK

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By supporting Argentina, the U.S. government hopes to start a domino effect of preventing ‘failed states’ across South America, says Bessent

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

Fortune

'Can we eat the chicken?' Belgian PM demands answers on Russian frozen assets

"I want the maximum of legal certainty. I want solidarity," Belgium Prime Minister Bart De Wever said about the proposal to use Russian frozen assets.

Euronews

UK Economic Growth Stalls at 0.3% — Tough Choices Loom for November Budget

UK GDP grew just 0.3% in Q2 2025, raising pressure on Chancellor Reeves ahead of the November Budget as tough tax and spending choices loom.

International Business Times UK

Bank of England rate-setter says inflation not a ‘particularly British problem’

Swati Dhingra, a member of the Bank’s rate-setting committee, argued there was no need to be ‘overly cautious’ about lowering borrowing costs.

The Independent UK

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Brussels pitches €140 billion loan for Ukraine using Russia's frozen assets

Brussels believes it can issue a €140 billion loan to Ukraine using Russia's frozen assets without engaging in outright confiscation.

Euronews

Britain Is Now The 'Sick Man Of G7' As Anxiety Levels Among Brits Soar – Here Are The Alarming Numbers

Britain faces record disability claims for anxiety and depression, with nearly 650,000 on PIP and rising costs fueling concerns over the economy.

International Business Times UK

Reeves must abandon manifesto tax pledges, think tank says amid £30bn Budget black hole

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Independent UK

As growth hopes fade, shrinking Reeves has a mountain to climb

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

The Independent UK

UK inflation to be highest in G7 this year ...The Standard podcast

Listen here on your chosen podcast platform.

Evening Standard

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

The Independent UK

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

Evening Standard

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The Independent UK

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Guardian - UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Independent UK

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

Pedestrian.tv

Albanese Lands At UN General Assembly, But Gets Iced Out Of Trump’s Very Busy Schedule

Anthony Albanese has been left off Donald Trump’s official meeting schedule at this week’s United Nations General Assembly in New York.

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International Business Times

UK To Recognise Palestinian State Ahead Of UN Debate

Britain was set Sunday to recognise a Palestinian state with a landmark announcement due from Prime Minister Keir Starmer, as several nations were poised to follow at UN talks to pressure Israel over the Gaza war.

The Conversation

From resistance to intifada to recognition: the origins of an independent Palestinian state – podcast

France, the UK and Canada are expected to become the first G7 countries to recognise the state of Palestine at the UN General Assembly in late September, where Australia will also announce its recognition. Mahmoud Abbas, the leader of the Palestinian Authority, will not be present as he is banned…

The Guardian - UK

EU calls for closer ties with India despite Modi’s links to Russia

EU’s top diplomat concerned after India joins Russian military exercises ‘that are an existential threat to us’

International Business Times

Canada Central Bank Cuts Key Lending Rate Citing Trump Tariffs

Canada's central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US President Donald Trump's trade war.

Axios

Trump ties new Russia sanctions to NATO tariffs on China

Trump has threatened to impose more sanctions on Russia to press it to end the war in Ukraine, but has so far been reluctant.

Benzinga

Trump Admin Pushes G7, EU To Slap Tariffs On China And India Over Russian Oil Purchase To 'End The Senseless Killing' In Ukraine

The U.S. has urged its G7 and EU allies to join in targeting China and India with tariffs for buying Russian oil, even as President Donald Trump's trade war policies fuel a historic surge in U.S. tariff revenues.

The Independent UK

Voices: Zero change. Zero growth. Zero hope of Rachel Reeves being rescued

COMMENT: The chancellor, faced with a flatlining economy, is trapped in an impossible dilemma – come the Budget, she’ll have to break her election promises or break her fiscal rules, warns John Rentoul

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