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The Latest Breaking News from G7

G7 Commits Additional Financing For Ukraine, Details To Follow

G7 nations agree to provide additional financial support for Ukraine to help navigate economic challenges and geopolitical tensions.

Top News

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Finance officials from the Group of Seven rich democracies say they have moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries

The Independent UK

Another pandemic is ‘absolutely inevitable’, says Patrick Vallance

Former UK chief scientific adviser warns ‘we are not ready yet’ and urges next government to prepare

The Guardian - UK

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Britain not ready for ‘inevitable’ next pandemic, warns ex-chief scientific adviser Sir Patrick Vallance

Speaking at Hay Festival, the scientist who helped lead UK through Covid called for pandemics to be planned for in the same way as wars

The Independent UK

Patrick Vallance recalls Boris Johnson’s G7 Zoom gaffe: ‘the other leaders found it amusing’

Speaking at this year’s Hay Festival, the former government scientific advisor also said it was ‘about time’ for a general election

The Independent UK

G7 Ministers Cite 'Progress' But No Deal On Russian Assets For Ukraine: Draft Statement

G7 finance ministers said on Saturday they were making "progress" in finding ways to use profits from frozen Russian assets to help Ukraine, according to a draft statement from a summit in Italy.

International Business Times

G7 Ministers Move Closer To Russian Assets Deal To Help Ukraine

G7 finance ministers are expected Saturday to agree a broad plan to use interest from frozen Russian assets for Ukraine, paving the way for a potential agreement among leaders next month.

International Business Times

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Hopes grow of G7 deal to support Ukraine with $300bn in frozen Russian assets

Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

The Guardian - UK

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen will be building a united front against China’s…

The Independent UK

Yellen Urges G7 Action Against China's Industrial Overcapacity

Former Fed Chair Yellen urges G7 nations to unite against China's industrial overcapacity, highlighting global economic concerns.

Top News

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use the money to help Ukraine fend off Russia's invasion

The Independent UK

Russian Assets Plan For Aiding Ukraine To Dominate G7 Meet

G7 finance ministers gather in Italy on Thursday for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.

International Business Times

What is ‘Net Zero’, anyway? A short history of a monumental concept

Last month, the leaders of the G7 declared their commitment to achieving net zero emissions by 2050 at the latest. Closer to home, the Albanese government recently introduced legislation to establish a Net Zero Economy Authority, promising it will catalyse investment in clean energy technologies in the push to reach…

The Conversation

Rumours review – close encounters for Cate Blanchett and the magnificent G7

Seven world leaders – including Charles Dance’s dozy US president – are trapped in a forest in this amusing but bizarre apocalyptic comedy

The Guardian - UK

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International Business Times

G7 Push To Use Russian Assets For Ukraine 'Vital And Urgent': Yellen

It is "vital and urgent" for the United States and allies to find a way to tap immobilized Russian assets in helping Ukraine, US Treasury Secretary Janet Yellen said in prepared remarks released Monday.

Radio France Internationale

G7 mulls tapping frozen Russian funds for €30bn loan to Ukraine

Finance ministers from the Group of Seven major democracies meeting in Italy this week are set to discuss a European Union plan to use the income from frozen Russian assets to help Ukraine's war effort.

The Guardian - UK

G7 leaders to discuss €30bn loan for Ukraine using Russian assets

Finance ministers will debate legality of using €270bn in frozen state assets as collateral for loan

Barchart

NVDA Earnings, Fed Speakers and Other Key Things to Watch This Week

There was some wild volatility last week as PPI came in hotter than expected and CPI came in just under expectations on the monthly basis. This small decrease in the inflation rate was enough for Fed heads to start talking about rate cuts again the next day.

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The Guardian - UK

How accurate are Jeremy Hunt’s claims about the UK economy?

Chancellor seems to cherrypick data as he tries to outline how the Tories have got the country back on its feet

The Hindu

Swiss Foreign Secretary to hold talks in Delhi over Ukraine peace meet

India non-committal on PM Modi’s attendance Summit on Peace in Ukraine in June, to follow G-7 meet

The Guardian - UK

Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme – as it happened

Strong quarterly results and hope of interest rate cuts drive DJIA to new alltime high

The Guardian - US

Biden campaign accuses Trump of ‘playing games with debates’ – as it happened

Team Biden comments after Trump says he accepted three debates while president has agreed to do two

Top News

US To Use Seized Russian Assets For Ukraine Reconstruction

Secretary of State Blinken reaffirms US plan to use seized Russian assets for Ukraine's reconstruction, sending a strong message to Putin.

Top News

American Detained In Russia Expresses Optimism Amid Complications

American citizen Paul Whelan expresses optimism about US efforts for his release from Russia despite concerns over recent arrest of US soldier.

Evening Standard

OPINION - Rishi Sunak's 'comeback narrative' collides with economic reality

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

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