Tag - g7

 
 

G7

Environmental activists from the group Extinction Rebellion demonstrate outside the media center set up for the Group of Seven leaders' summit, in Bari, Italy, on Friday.
ENVIRONMENT / Climate change
Jun 15, 2024
Experts and activists slam 'pointless' G7 on climate
The Group of Seven rich democracies was assailed for having failed to deliver significant new progress on climate during a summit in Italy.
Pope Francis and Prime Minister Fumio Kishida talk ahead of a Group of Seven session on artificial Intelligence, energy, Africa and the Mediterranean on the second day of the G7 summit in Borgo Egnazia, Italy, on Friday.
WORLD / Politics
Jun 15, 2024
G7 agree on AI code of conduct and joint initiatives for Africa
The bloc also agreed to build a common framework to combat illegal migration, with the aim of cracking down on human trafficking.
Prime Minister Fumio Kishida speaks with Ukrainian President Volodymyr Zelenskyy on the sidelines of the Group of Seven summit in Fasano, Italy, on Thursday.
JAPAN / Politics
Jun 14, 2024
Japan locks in support for Ukraine with nonbinding security agreement
The deal formalizes Tokyo’s support for Kyiv and includes a pledge to conduct consultations in the case of future attacks on the war-torn country.
U.S President Joe Biden and Ukrainian leader Volodymyr Zelenskyy after a bilateral meeting on the sidelines of the Group of Seven summit in Fasano, Italy, on Thursday
WORLD / Politics / ANALYSIS
Jun 14, 2024
G7 agrees on $50 billion loan to support Ukraine with Russian assets
The loan to the war-torn country will be repaid using interest generated by $300 billion worth of immobilized Russian funds, G7 leaders said.
A display of unmanned systems during a presentation of drone military hardware of the Unmanned Systems Force of the Ukraine Armed Forces in Kyiv on Tuesday
WORLD / Politics
Jun 12, 2024
G7 to announce ‘new steps’ on frozen Russian assets, U.S. says
The development indicates that leaders have all but agreed on a political deal to announce a loan of roughly $50 billion.
Leaders of six major countries hold a joint news conference following an inaugural summit held in the Parisian suburb of Rambouillet in November 1975.
JAPAN / Politics
Jun 12, 2024
G7 becomes political playmaker; major nations to hold 50th summit
The world's major democracies are set to hold their 50th summit, a milestone for the framework.
Italian Prime Minister Giorgia Meloni, this year's Group of Seven chair, speaks following the announcement of the partial results of European Parliament elections, in Rome on Monday.
WORLD / Politics / FOCUS
Jun 11, 2024
Using frozen Russian assets to help Ukraine to top G7 agenda
Under the chairmanship of Italian Prime Minister Giorgia Meloni, G7 leaders will have their hands full at the three-day gathering.
Discussions are increasingly focusing on two options depending on who — the U.S. or the EU — would borrow the money for Ukraine, with different details to be sorted out depending on the choice.
WORLD / Politics
Jun 7, 2024
How G7 and EU plan to leverage frozen Russian assets for Ukraine
Profit generated by Russian central bank funds frozen worldwide will be used to service a $50 billion loan raised on the market for Kyiv.
Bank of Japan Gov. Kazuo Ueda (center), Bank of Italy Gov. Fabio Panetta (left) and Italy's Minister of Economy and Finance Giancarlo Giorgetti at the Group of Seven finance chiefs and central bankers' meeting in Stresa on Friday.
BUSINESS / Economy
May 26, 2024
Bank of Japan refrains from warning against yield rise to 12-year high
The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March.
U.S. Treasury Secretary Janet Yellen has urged European allies to act together with the United States to find a way to unlock the value of around $280 billion in frozen Russian assets so they can provide sustained financial support to Ukraine.
WORLD / Politics
May 26, 2024
G7 ministers cite 'progress' but no done deal on Russian assets for Ukraine
Group of Seven finance ministers cited "progress" in finding ways to use profits from frozen Russian assets to help Ukraine as they wrapped up a meeting.
U.S. Secretary of the Treasury Janet Yellen holds a news conference ahead of a meeting of Group of Seven finance ministers and central bank governors in Stresa, Italy, on Thursday.
BUSINESS / Economy
May 26, 2024
China slammed in G7 show of unity threatening trade escalation
The Group of Seven ministers and bankers accused the world’s second-biggest economy of hurting the economies of its trade partners.
U.S. Treasury Secretary Janet Yellen has urged European allies to act together with Washington to find a way to unlock the value of around $280 billion in frozen Russian assets so they can provide sustained financial support to Ukraine.
WORLD / Politics
May 25, 2024
Using Russian assets for Ukraine: a tempting but tricky move
The complex issue is on the agenda at this week's meeting of finance ministers of the Group of Seven wealthy democracies.
Bank of Italy Gov. Fabio Panetta (left), French Finance Minister Bruno Le Maire (center) and Italian Finance Minister Giancarlo Giorgetti pose for a picture at the Group of Seven finance chiefs and central bank governors' meeting in Stresa, Italy, on Friday.
BUSINESS / Economy
May 25, 2024
China fear grips G7 with draft raising alarm at ‘harmful’ trade
A draft communique formulated at the Group of Seven meeting in the lakeside resort of Stresa introduces much stronger language than before.
Japan's top currency diplomat, Masato Kanda, poses for a photograph during an interview at the Finance Ministry in Tokyo in  January 2022.
BUSINESS / Economy
May 25, 2024
Japan issues fresh warning on yen drops and signals readiness to intervene
The finance minister also said he was in frequent contact with overseas counterparts, particularly in the U.S., on issues including financial markets.
Rishi Sunak speaks at a meeting of finance ministers ahead of the 2021 G7 leaders' summit in London on June 4, 2021.
WORLD / Politics
May 22, 2024
G7 finance chiefs seek common line on Russian assets and China
Negotiators have been discussing for weeks how to best exploit some $300 billion worth of seized Russian funds.
Group of Seven leaders, including Prime Minister Fumio Kishida and U.S. President Joe Biden, after visiting the Hiroshima Peace Memorial Park on May 19, 2023
JAPAN / FOCUS
May 19, 2024
G7 goal of nuclear-free world increasingly challenged
Momentum for nuclear disarmament has not increased, partly because Russia has threatened to use nuclear weapons in its military aggression against Ukraine.
A local resident visits the Lychakiv cemetery in Lviv, Ukraine, on Thursday. The U.S. is in talks with close partners to lead a group of allies that would give as much as $50 billion in aid to Ukraine.
WORLD / Politics
May 4, 2024
G7 eyes plan on U.S.-led $50 billion aid package for Ukraine
The plan is being discussed among the Group of Seven nations, with the U.S. pushing to have an agreement when G7 leaders meet in Italy in June.
The Naughton coal power plant in Kemmerer, Wyoming. Ministers from the Group of Seven countries have agreed on a schedule for phasing out coal-fired power plants, setting as a goal the mid-2030s.
ENVIRONMENT / Energy
May 1, 2024
G7 to phase out coal-fired power plants by mid-2030s
The move was hailed as significant by some environmentalists but slammed as "too late" by others.
This combination of photos shows the cooling tower of the Emile Huchet coal-fired power station undergoing demolition in Saint-Avold, northeastern France, in February.
ENVIRONMENT / Climate change
Apr 30, 2024
G7 reportedly agrees end date for coal-fired power plants
The meeting in Turin is the first big political session since the world pledged at the U.N.'s COP28 climate summit in December.
The remains of an Iranian rocket booster near Arad, Israel, on Sunday
WORLD / Politics
Apr 16, 2024
Wars set to dominate G7 foreign ministers talks as calls for peace go unheard
A unified front between Western powers has not been enough to bring peace either to Ukraine or the Middle East.

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