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The Latest Breaking News from G7

After Russian oil, India raises sanctions over Russian diamonds with Europe

Faced with mounting losses and consignment delays due to new European Union-G7 sanctions, Indian diamond exporters are calling for a separate screening process to be set up in India, so that the newly mandated procedures for exports to Western countries can be processed smoothly.

The Hindu

World’s biggest economies pumping billions into fossil fuels in poor nations

G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds

The Guardian - UK

Hundreds of thousands face being denied revolutionary new dementia drugs in England

Exclusive: Treatments near approval but lack of diagnostic capacity means NHS is unprepared for rollout, says report

The Guardian - UK

From analysis to the latest developments in health,
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No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials

U.S. officials clarify stance on Indian imports of Russian oil, emphasizing revenue limits over trade restrictions.

The Hindu

France's Macron visits Brazil to launch €1bn Amazon protection plan

French President Emmanuel Macron, who has criticized Brazil for not doing enough to protect the Amazon, is in the South American country for a three-day visit. Alongside President Luiz Inacio Lula da Silva, he'll launch a billion-euro green investment plan for the rainforest.

Radio France Internationale

Longest sustained rise in people too sick to work since 1990s, says thinktank

Resolution Foundation points to legacy of Covid as it warns that near-record 2.7m people are too ill to work

The Guardian - UK

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Evening Standard

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Fact-checking Biden’s State of the Union - Roll Call

Biden’s speech included misleading claims on inflation, crime, clean energy investments, wages, FactCheck.org reports.

Roll Call

Brexit hitting UK economy and damage set to worsen with new trade barriers, Budget watchdog warns

Impact of leaving EU raised by Office for Budget Responsibility in its detailed analysis of Chancellor Jeremy Hunt’s Budget

Evening Standard

Apple vows to appeal against €1.84bn EU fine in music streaming case – as it happened

Apple shares drop after it is penalised following investigation into allegations it obstructed music-streaming rivals

The Guardian - UK

London Mayor Wants to Sell Homes of 'Putin Cronies' to Fund Building of 4,000 Low-Cost Homes

Khan's call comes days after the second anniversary of Russia's invasion of Ukraine.

International Business Times UK

Biden Hosts Italy's Meloni As Ukraine Fears Mount

President Joe Biden hosts Italian Prime Minister Giorgia Meloni at the White House Friday, for talks dominated by worries about the future of US military support for Ukraine and the conflict in Gaza.

International Business Times

G7 Finance Meeting Divided Over Seizing Russian Assets

The G7 finance meeting highlighted divisions over seizing Russian assets in response to the Ukraine conflict, showcasing the challenges of unity and consen...

Top News

Schloss Elmau: a perfect summer escape in the Bavarian Alps

Tennis, hiking, horse-riding, archery, yoga and seven spas — there is something for everyone at Schloss Elmau, says Jack Lefley

Evening Standard

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International Business Times

G20 Finance Ministers Meet On World Economy Hit By Crises, Conflicts

G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the wars in Ukraine and Gaza.

The Hindu

The current global order — a fraying around many edges

Reform is essential when it comes to the United Nations, but given the divisions, cosmetic changes may not be enough

International Business Times

'Urgent' For G7 To Seize Russian Profits For Ukraine: Yellen

US Treasury Secretary Janet Yellen said Tuesday it was urgent for G7 nations to jointly seize profits from frozen Russian assets and redirect them to Ukraine, as the group prepared to meet on the issue.

International Business Times

'Urgent' For G7 To Jointly Seize Russian Profits For Ukraine: Yellen

US Treasury Secretary Janet Yellen said Tuesday it was urgent for G7 countries to jointly seize profits from frozen Russian assets and redirect them to Ukraine, as the group prepared to meet on the issue.

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The Guardian - UK

Russia could attack Nato states if west fails to support Ukraine, Macron says

French president tells Paris conference Moscow ‘must not and cannot’ win the war and that Europe’s security is at stake

The Guardian - AU

31,000 Ukrainian soldiers killed since Russia invaded, Zelenskiy says – as it happened

Ukraine president makes announcement during news conference in Kyiv

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 732

G7 leaders urge additional support after defiant Zelenskiy hosts western leaders; Navalny’s body handed over to his motherSee all our Ukraine war coverage

The Hindu

Morning digest | Indian ‘helper’ dies in Russian war zone; Centre discloses key consumption expenditure survey data after 11-year gap, and more

From Indian ‘helper’ dies in Russian war zone to Centre releases key consumption expenditure survey data, here is a select list of stories to start the day on Feb 25, 2024

International Business Times

G7 Pledges More Russia Sanctions After Virtual Talks On Ukraine

The G7 countries pledged support for Ukraine and new sanctions on Russia after a virtual meeting Saturday on the second anniversary of Moscow's invasion.

Top News

G7 Leaders Express Unwavering Support For Ukraine

G7 leaders reaffirm support for Ukraine amid U.S. funding uncertainty, committing to aid against Russian aggression.

The Guardian - UK

As Ukraine’s economy burns, Russia clings to a semblance of prosperity

Kyiv could require $500bn to get the country back on its feet. But Moscow has so little debt that even sanctions have not done much damage … yet

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