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The Latest Breaking News from G7

There Is Still Time To 'Short European Assets,' Analyst Says, Points To Wage, Recession Data

Workers in the United Kingdom are set for the “worst real wage squeeze” among G7 nations, new Trade Union Congress (TUC) analysis of The Organization for Economic Cooperation and Development (OECD) figures revealed in mid-July, and one analyst thinks it’s safe to short European assets, like the Euro

Benzinga

G7 urges Russia to return control of nuclear plant to Ukraine

The Zaporizhzhia plant, Europe’s largest, has been shelled several times, raising fears of a nuclear incident.

Al Jazeera

Ukraine calls on EU, G7 states to stop issuing visas to Russians

Ukraine on Wednesday called on the European Union and G7 countries to stop issuing visas to Russian citizens, citing what he said was their support for the invasion of Ukraine.

Reuters

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As Japan Marks Atomic Bomb Anniversary, Threat From China Breaks Military Taboo

Japan is planning for a massive increase in defense spending driven by the threat from China, breaking a decades-long taboo over the build-up of armed forces following its defeat in 1945.

The News Lens

Ukraine War Making 40 Mln People Go Hungry, Africa to Bear Brunt, Says US

The United States' ambassador to the United Nations Linda Thomas-Greenfield on Friday said Russia's invasion of Ukraine will cause 40 million people to become food insecure and that sub-Saharan Africa will be hardest hit. The United States has secured $4.5 billion for food security at the G7 summit, of which…

Asharq Al-Awsat

China expresses anger at Japan over Taiwan

PHNOM PENH / BEIJING -- The impact of U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan spilled over into a high-level dialogue between Japan and China. A meeting between the foreign ministers of Japan and China scheduled for Thursday in Cambodia was shelved at the last minute at…

The Japan News/Yomiuri

China summons Canadian diplomat over G7 statement on Taiwan

China's foreign ministry said on Friday that it summoned Beijing-based Canadian diplomat Jim Nickel over Canada's participation in a statement issued by the foreign ministers from the Group of Seven (G7) nations.

Reuters

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China lodges complaint to European countries, envoys over G7 Taiwan statements

China's foreign ministry said on Friday it lodged solemn representations to relevant European countries and EU envoys over statements on Taiwan issued by the foreign ministers from the Group of Seven (G7) nations and the EU High Representative for Foreign Affairs and Security Policy.

Reuters

India maintains ‘studied silence’ on Taiwan crisis

India avoids controversy with China at a sensitive time in border talks, but doesn’t wish to claim allegiance to the “One China policy” either

The Hindu

China scolds G7 foreign ministers over Taiwan statement

China scolded foreign ministers of the Group of Seven (G7) nations on Thursday for telling Beijing not to use a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan as "pretext for aggressive military activity in the Taiwan Strait".

Reuters

China cancels bilateral meeting with Japan after G7 Taiwan statement

The Chinese foreign ministry said on Thursday that a meeting between China's Foreign Minister Wang Yi and his Japanese counterpart on the sidelines of ASEAN events in Cambodia had been cancelled.

Reuters

Taiwan's Tsai thanks G7 for supporting regional peace and stability

Taiwan's President Tsai Ing-wen thanked the Group of Seven (G7) nations on Thursday for supporting regional peace and stability after the group called on China to resolve tensions in the Taiwan Strait in a peaceful manner.

Reuters

Chinese fighter jets cross into Taiwan's air defence zone in wake of Pelosi visit

Taiwan's defence ministry said Wednesday that 27 Chinese warplanes had entered Taiwan's air defence zone, hours after US House Speaker Nancy Pelosi made a controversial visit to the island, which Beijing considers part of Chinese territory.

France 24

Grain ship leaves Ukraine port for first time since Russia blockade

Attack on Odesa port had cast doubt on deal negotiated by Turkey and UN to avoid widespread famine

The Guardian - UK

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The Japan News/Yomiuri

Political Pulse / Is there a path to Kishida's vision of a world free of nuclear weapons?

On Aug. 1, Prime Minister Fumio Kishida will become the first Japanese prime minister to address the Nuclear Non-Proliferation Treaty (NPT) review conference in New York. It is rare for national leaders to take part in NPT review conferences, which are usually held every five years, and Kishida's participation will…

The Independent UK

The British boats helping Putin’s Russia avoid oil sanctions

Off the Suffolk coast, industrial-scale transfers of Russian crude reveal a major hole in efforts to squeeze the Kremlin, Ben Chapman writes

Al Jazeera

G7 calls on Myanmar to refrain from more ‘arbitrary executions’

The group was the latest to condemn the execution of pro-democracy activists by Myanmar’s coup leaders.

Reuters

G7: Myanmar's military must refrain from further "arbitrary executions"

The Group of Seven on Thursday condemned the execution of four pro-democracy activists in Myanmar and called on the ruling military to "refrain from further arbitrary executions" and to free all political prisoners.

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Reuters

G7 aim to have price cap on Russian oil in place before Dec 5

The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force, a senior G7 official said on Wednesday.

Wales Online

World is 'teetering on the edge of recession' as UK set to be weakest G7 economy

The outlook from the IMF isn't rosy

The National (Scotland)

UK growth forecast downgraded AGAIN as IMF makes gloomy prediction

THE UK’s economic growth is slowing even more due to rampant inflation and it is set to be the weakest economy among the G7 nations next year, the…

The Guardian - UK

There is a global debt crisis coming – and it won’t stop at Sri Lanka

Foreign capital flees poorer countries at the first sign of instability. The pandemic and Ukraine war ensure there is plenty of that around, says economist Jayati Ghosh

The Independent UK

Trump said ‘lot of things that proved to be true’, says Liz Truss

Tory leadership hopeful wants G7 turned into ‘economic Nato’ to tackle influence of China

Daily Mirror

Boris Johnson's 10 greatest PMQs 'lies' as he clashes with Keir Starmer for last time

As the era of Boris Johnson at PMQs comes to an end today, we look back on 10 of the biggest false or misleading statements he's made since his took office in 2019

Al Jazeera

What’s happening to Russian gold?

A ban is in the works but the question is, how effective will it be in limiting Putin’s war chest?

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