The Latest Breaking News from G7

Tech sector complaints about the difficulties of doing business in the UK have been repeated more recently by the manufacturing sector. A decade of “flip-flopping” by the government has left the UK without an industrial strategy, according to Make UK, which represents industrial and manufacturing employers.

Leaders of seven of the world's richest nations meet next week at the G7 summit in the Japanese city of Hiroshima to discuss geopolitical, economic and climate issues as the war in Ukraine drags on and tensions rise between China and the United States.

Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans.

European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia's war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting trade restrictions.

U.S. President Joe Biden will become the first U.S. sitting president to visit Papua New Guinea this month with a trip following the G7 in Japan, marking the administration's investment in the Pacific region to counter China.

The Group of Seven finance ministers will invite their counterpart from Ukraine, Serhiy Marchenko, to participate in a session on the global economy, Japan's top financial diplomat Masato Kanda said on Tuesday.

The leaders of the Group of Seven (G7) rich nations must condemn any threat to use nuclear weapons and vow "decisive action" against such a move when they hold a summit next week in the city of Hiroshima, Ukraine's envoy to Japan said.

Sluggish retail sales and credit card spending figures add to fears for British economy

Russia counts diamonds as one of its top 10 non-energy exports by value.

Japan's prime minister expressed sympathy toward Koreans forced into industrial slavery during Japan's colonial rule as the leaders from the two countries vowed to strengthen cooperation.

South Korean President Yoon Suk Yeol is calling for officials to map out specific steps to hasten security and economic cooperation with Japan following his weekend summit in Seoul with Japanese Prime Minister Fumio Kishida