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The Latest Breaking News from G7

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 Independent 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 Guardian - 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.

The Independent UK

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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.

Pedestrian.tv

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.

International Business Times

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 Conversation

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’

The Guardian - UK

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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.

International Business Times

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.

Axios

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.

Benzinga

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

The Independent UK

Trump calls Albanese 'a good man' after latest call

Prime Minister Anthony Albanese has now had four "really warm" conversations with Donald Trump as the US president praised him for being a "good man".

AAP

Ukraine war briefing: Cheap Shahed-like Gerbera drones used in Poland violation

Plywood decoy can also be used as flying bomb; Zelenskyy calls for Europe air shield and blasts allies for ‘statements but lack of action’. What we know on day 1,296

The Guardian - AU

Von der Leyen previews new sanctions on Russia and new loan for Ukraine

Ursula von der Leyen offered a first look into the next round of sanctions against Russia and a special reparations loan for Ukraine.

Euronews

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The Independent UK

Despite ethical concerns Trump says next year’s G20 Summit will be held at his Florida resort

Trump ultimately scrapped previous plans to host the 2020 G7 Summit at his Doral resort after widespread backlash to the idea

International Business Times

Trump To Host G20 At Own Miami Golf Resort

US President Donald Trump said Friday he would host the 2026 G20 summit at his own golf resort in Miami -- despite abandoning a similar move in his first term after accusations of corruption.

The Conversation

Why Trump’s fight with India could have global repercussions

Donald Trump’s tariff policy seems to have morphed into as much of a tool of foreign policy as an economic strategy. But the administration’s decision to impose a 50% tariff on India, a key US ally as part of the Quad (Quadrilateral Security Dialogue) along with the US, Australia and…

Benzinga

Nvidia Worth More Than 180x Lululemon, 3000x Cracker Barrel

NVIDIA Corp.'s (NASDAQ:NVDA) growth has reached astonishing proportions. Nvidia is the largest company in the world by market capitalization and also larger than the full stock markets of several major economies.

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The Independent UK

Fertility rate in England and Wales plummets to record low – this is how we compare with the rest of the world

The fertility rate in England and Wales has dropped to 1.41 – a new low – despite a rise in the number of births last year

The Conversation

Japan’s problem with women’s equality is getting worse, not better

In the 2025 global gender gap index (GGGI), Japan ranks 118th out of 148 countries – still the lowest among the G7 nations and among the poorest performers globally. This is largely because of limited political participation by women. The current cabinet of prime minister Ishiba Shigeru says it all.…

The Guardian - UK

Keir Starmer hopes to exploit curious relationship with Trump in Ukraine talks

PM has positioned himself as someone who can get along with US president while stressing Europe’s red lines

Euronews

The UK economy grows despite tariff pressures, outpacing G7 peers

While not comparable to the growth at the beginning of the year, July's numbers are bigger than predicted and signal a greater resilience than other top G7 economies.

The Independent UK

Voices: So the economy isn’t shrinking… but when will we feel any benefit, chancellor?

COMMENT: A 0.3 per cent rise in GDP is an unexpected filip for Rachel Reeves at the end of her first year in charge of the British economy, which is now the strongest in the G7 – but it could be bad news for those hoping to get a new…

The Guardian - AU

‘Transnational repression’: Australia condemns Hong Kong’s attempts to silence exiled dissidents

G7 nations’ joint statement says arrest warrants and bounties for pro-democracy campaigners are undermining human rights and state sovereignty

AAP

Australia, France leaders discuss crisis in Gaza

Prime Minister Anthony Albanese and President Emmanuel Macron spoke overnight, almost two weeks after France announced its intention to recognise Palestine.

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