The Latest Breaking News from G7

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

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 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…

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.

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.

Indonesian President Joko Widodo asked the European Commission and the G7 bloc to lend "support and flexibility" so that this week's Group of 20 (G20) summit can produce a declaration, he said in a statement on Monday.

The scale of the UK’s economic crisis was laid bare by a warning from economists

Russia and the US failed to agree on language for a joint statement following a multilateral summit in Cambodia, making it unlikely the Group of 20 nations will reach a consensus in Indonesia either this week.

Editorial: Next week’s autumn statement will show if Jeremy Hunt has learned anything from George Osborne’s and Kwasi Kwarteng’s failures

The only vote that Britain's humiliated former health minister is likely to win these days is being nominated to undertake repellent tasks to win food in a reality TV programme in the Australian jungle.

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters.