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The Latest Breaking News from G7

G-7 nations back strong supply chains for energy and food despite global tensions

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

The Independent UK

A year in Number 10: The highs and lows of Prime Minister Rishi Sunak's time in office so far

Timeline of Prime Minister's year running the country

Evening Standard

Timeline: Rishi Sunak’s first year in office

The Prime Minister has made it to his first anniversary. Here is a look back at the highs and the lows.

The Independent UK

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Timeline: Rishi Sunak’s first year in office

October 25 will see Mr Sunak mark his first anniversary as Prime Minister, after he took over from Liz Truss following her chaotic tenure.

The Independent UK

Labor MPs air clashing views over Israel-Hamas conflict – as it happened

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The Guardian - AU

'Concessions on both sides' for EU trade deal

Belgium's ambassador to Australia is optimistic a free trade deal between Australia and the European Union will be signed by the end of this year.

AAP

Four reasons why western companies have been 'trapped' in Russia since it invaded Ukraine

More than 600 days since Russia invaded Ukraine, over 1,400 international companies are still operating in Russia. Only a small percentage of western firms have been able to close down their operations in the country since it invaded Ukraine in February 2022.

The Conversation

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‘They challenged the Communist monopoly’: Vietnam regime turns on its climate champions

NGO leaders and technical experts who helped secure western aid for official shift to clean energy are being locked up now that they are no longer needed

The Guardian - UK

EU ‘very close’ to finalising Russian diamond ban, says Belgian PM

Belgian backing for Russian diamond embargo critical as about 90% of world’s diamonds pass through Antwerp

The Guardian - UK

UK to have highest inflation and slowest growth of any G7 economy, IMF says

THE UK is set to become the slowest growing economy among major developed nations next year, according to the International Monetary Fund (IMF).

The National (Scotland)

Russia-Ukraine war at a glance: what we know on day 595 of the invasion

Zelenskiy attends Nato meeting in Brussels and appeals for more air defence ahead of winter; Yellens says G7 oil price cap has reduced Russian revenue

The Guardian - UK

UK economy set for weakest growth in G7 next year as IMF cuts its forecasts

Higher interest rates to stay as global economy ‘limping along’

The Independent UK

IMF says UK will have weakest growth in G7 next year

But Government says GDP is set to rebound faster than in France or Germany

Evening Standard

UK moving in ‘reverse gear’ in global race for green growth, think-tank warns

Rishi Sunak’s recent rollback of some net-zero policies makes the UK an outlier, new report suggests

The Independent UK

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The Hindu

Building BRICS for the future

BRICS, a grouping of six new members inducted in August, is an economic compulsion. It has grown to 36% of global GDP and 47% of world population by 2050. It has the potential to challenge G7 dominance and contains two of the world's fastest-growing economies, China and India. The U.S.'s…

The Guardian - UK

UK economy makes stronger recovery from pandemic than first thought

Revisions to figures show stronger performance than Germany and France but momentum starts to stall

France 24

Western sanctions on Russian diamonds set to disrupt a global industry

G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for months – but imposing new regulations on the global diamond market is no easy…

The Times of India

Fake coordinates, shadow tankers: How Russia is transporting oil to avoid G7 sanctions

On a sunny day off the southern coast of Greece last week, two aging tankers nestled next to each other while one pumped oil to the other. As far as global satellite tracking systems could tell, it never happened.

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The Guardian - UK

Revealed: Europe’s role in the making of Russia killer drones

Exclusive: Kyiv says Iranian drones used by Russia in Ukraine have various European components

The Times of India

Russia still relies on Europe to ship its oil despite price cap breach

Russia is still relying on European shipping to transport its oil even as the country’s supplies exceed Group-of-Seven price caps, according to a researcher.

The Independent UK

Russian oil supplies continue to spike despite G7 price cap sanctions, data shows

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

The Guardian - UK

Who wants to rule the world? I will, says Joe Biden. No, it’ll be me, says Xi Jinping

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

The Conversation

G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

The Guardian - UK

UK minister says west must learn to listen better to global south

James Cleverly says some in south feel they only hear ‘Ukraine, Ukraine, Ukraine’ from western leaders

The Independent UK

Hunt: Inflation plan working but households still feeling cost-of-living pain

The Chancellor said there is still ‘immense pressure’ on families but the Government’s plan ‘is working – plain and simple’.

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