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The Latest Breaking News from G7

Turmoil in Russia: What foreign governments are saying

Countries are keeping a close eye on the situation in Russia as Wagner rebellion escalates instability in region.

Al Jazeera

De-escalating tensions between US and China

Tensions between the US and China have reached such a high level that the G7, led by the US, recently changed its objective in its relations with China from "decoupling" to "de-risking". But the reality is that de-risking, like decoupling, requires the participation of both sides and a common agenda.

Bangkok Post

Ukraine lacks capacity to process huge sums in aid, official admits

Largest amount of money Kyiv previously worked with was $6bn a year in 2014, Mustafa Nayyem says

The Guardian - UK

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Sunak to pledge £2.35 billion in loan guarantees at Ukraine Recovery Conference

The Prime Minister will tell the London summit that Britain will stand with Ukraine ‘as long as it takes’.

The Independent UK

Tory MPs split on whether to intervene to help mortgage holders

Figures released on Wednesday expected to confirm UK stuck with highest inflation rate in G7

The Guardian - UK

West needs strategy to tie Ukraine aid to corruption progress, thinktank says

German Marshall Fund says oligarchs biding their time until after war ends to reassert their influence

The Guardian - UK

UK economy in growth ‘doom loop’ after decades of underinvestment

Institute for Public Policy Research points to £500bn-plus underspend compared with other advanced economies

The Guardian - UK

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New Chinese premier’s visit to Germany, France highlights strained relations with EU

China’s new Premier Li Qiang is currently on a visit to Germany, his first trip abroad since taking office in March. With France lined up as the next stop on his agenda, Li’s Western European excursion is the subject of much speculation amid strained relations between China and the EU.

France 24

Buttigieg says US 'green corridors' initiative key to cutting shipping industry emissions

U.S. Transportation Secretary Pete Buttigieg says an American push to establish “green shipping corridors” is key to reducing carbon emissions from the shipping industry

The Independent UK

Mackerel over coals and seaside madeleines – Emily Scott’s Cornish recipes

The chef on becoming the reluctant face of Cornish food and cooking for Joe Biden. Plus, five dishes from her new book, Time & Tide

The Guardian - UK

What will life after globalisation look like? The Venice Biennale may hold the answer

Cultural colonialism has rightly been rejected – but China’s protest shows that authoritarians can also weaponise tradition, says philosopher Lorenzo Marsili

The Guardian - UK

Rishi Sunak calls on private firms to step up support to boost economic recovery for Ukraine

The prime minister will address more than 1,000 foreign dignitaries from 61 states at the Ukraine Recovery Conference

The Independent UK

Japan’s new gay-rights bill slammed for being too little, too late and far too vague

Japan has enacted a law meant to promote understanding of the LGBTQI community that critics say provides no human rights guarantees

The New Daily

As well as fighting Russia, Ukrainians are battling corruption at home

As the UK is set to hold a conference on how to rebuild postwar Ukraine, many worry what will happen to funds sent through a system where money disappears

The Guardian - UK

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The Hindu

India, China bought 80% of Russia's oil in May: International Energy Agency

India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings to 2.2 million barrels per day. With Europe banning import and G7 imposing shipping restrictions on Russian oil, more than 90% of the product is now headed to Asia, with…

Zenger

China ETFs Climb On Hopes Of Better US Relations As State Department Confirms Blinken’s Beijing Visit

Hope is building up across the Pacific

Fortune

Deutsche Bank puts U.S. recession chances near 100%—avoiding hard landing “unprecedented”

Output is expected to contract as early as October and continue shrinking during the all-important election year, making it the worst performing economy among G7 nations in 2024.

The Guardian - UK

Ukraine urges G7 to clamp down after western parts found in Russian missiles

Kyiv says components including microchips supplied for civilian purposes are sent to Russia through countries such as China

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The Guardian - UK

UK short-term borrowing costs surge above Truss-era highs; US inflation falls to 4% – as it happened

UK interest rates expected to hit 5.5% by December after regular pay grows by a record, sending two-year bond yields soaring

The Guardian - UK

UK exports in last decade worse than any G7 country except Japan

UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EU

Bangkok Post

The geopolitics of nature requires collaboration

From Russia's war against Ukraine to US rivalry with China, tectonic geopolitical shifts have shaken multilateralism in recent years. While many of the consequences, from surging food and energy prices to the rising risks of major conflict, have been discussed at length, more attention must be devoted to the implications…

The Guardian - UK

For the record

Same-sex couples’ rights | Democrat/Democratic

The Independent UK

Sunak praises Biden’s experience on China as ‘valuable to someone newer at this’

At 43, Mr Sunak is the youngest leader in the G7 group of industrial democracies, while Mr Biden is the oldest at 80.

Daily Mirror

UK inflation nightmare - why Britain is suffering more than any other major economy

Inflation is tipped to average 6.9% as it takes longer to come down here than in any other G7 nation, according to the Organisation for Economic Cooperation and Development

The Guardian - AU

Japan court falls short of calling same-sex marriage ban unconstitutional

The complicated ruling from a court in Fukuoka comes after four other courts reached differing conclusions, and ahead of a parliamentary debate on the subject

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