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The Latest Breaking News from G7

Western governments struggle to agree on Russian oil price cap

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

Reuters

G7 justice ministers agree to coordinate Ukraine war crime probes

The Group of Seven wealthy democracies (G7) agreed on Tuesday to set up a network to coordinate investigations into war crimes, as part of a push to prosecute suspected atrocities in Ukraine.

Reuters

The week that could unravel the global oil market

As western countries prepare to impose a price cap on Russian crude, many of the industry’s norms are being undermined

Financial Times

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UK’s trade export growth slower than EU, US and G7 countries under Tories

Only Japan performed worse than the UK during the 11-year period

The Independent UK

Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price for Russia's Oil

Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil. "There is no split, there is no schism among Europeans and we have to preserve this. This is our mission number one this year," Zelenskiy said…

Asharq Al-Awsat

Russia-Ukraine war: shelling forces Kherson hospitals to evacuate as UN warns millions plunged into hardship – as it happened

Governor of Kherson says attacks on hospitals means patients evacuated for their own safety

The Guardian - AU

The 2022 Bali G20 declaration: did success really stem from Indonesia's diplomacy?

This year’s G20 Summit, held in Bali on November 15-16, successfully produced a joint declaration. This was somewhat surprising, yet welcome, considering that the high-level conference was held amid the unstable geopolitical situation and rising tension between major powers.

The Conversation

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G7 to discuss Ukraine winter aid in Bucharest next week, Germany says

Foreign ministers from the Group of Seven (G7) will discuss how to further support Ukraine in ensuring its energy supply during a meeting in Bucharest next week, German Foreign Minister Annalena Baerbock said on Thursday on Twitter.

Reuters

EU energy ministers hold tense talks on Russian natural gas price cap

Talks are taking place in Brussels on a proposal to set the ceiling for the price of Russian natural gas at €275 per megawatt hour. The plan has come under criticism from all sides for either being too complicated, too high or unnecessary. Meanwhile, the G7's plan to cap Russian…

France 24

Households given £1,400 warning as cost of living crisis worsens

Sir Keir Starmer issued the worrying figure during Prime Minister's Questions

Liverpool Echo

Rishi Sunak says he's 'strengthened economy' - despite Brits facing recession

The Prime Minister clashed with the Labour leader Keir Starmer after a forecast suggested the UK faced the lowest growth on any G7 country over the next two years

Daily Mirror

The climate reparations battle at COP27

How developing countries' 30-year battle for "loss and damage" funding culminated in a new agreement in Egypt.

Salon

Vietnam boosts coal use plan for 2030 as G7 climate offer stalls

Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations' funding initiatives for cleaner energy.

Reuters

Russia-Ukraine war at a glance: what we know on day 273 of the invasion

G7 nears a Russian oil price cap; Ukraine setting up ‘invincibility centres’ with heat and power for winter

The Guardian - AU

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Reuters

U.S says G7 should soon unveil price cap level on Russian oil, adjust regularly

The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly, a senior U.S. Treasury official said on Tuesday.

The Independent UK

Sunak warns of ‘challenging’ winter of strikes, high costs and NHS backlogs

The Prime Minister braced his Cabinet for misery in the coming months.

The Independent UK

UK ‘to face worst downturn of major economies’ in 2023, says OECD

Britain facing recession which much of world will avoid, says report

Evening Standard

OECD says UK economy set for worst performance in G7

Germany’s economy is the only other G7 nation set to shrink next year

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Radio France Internationale

G7 calls for tougher sanctions on North Korea after latest missile launch

The G7 nations on Sunday slammed North Korea's "reckless" launch of another intercontinental ballistic missile and called on the UN Security Council to take further "significant" action to halt the tests.

Bangkok Post

Asia must seize energy opportunity

A year ago, following US President Joe Biden's election win, multilateralism once again became the beating heart of global climate action. G20 leaders agreed to more ambitious near-term climate targets en route to achieving net-zero emissions by mid-century, and they committed to ending inefficient fossil-fuel subsidies and cooperating on clean…

Salon

A climate reparations insurance scheme

A group of countries led by Germany announced a climate insurance scheme called the Global Shield at COP27

The National (Scotland)

Tory MP confronted live on air over claim UK is outpacing G7 economies

A CONSERVATIVE MP has been caught out live on air after she claimed the UK economy is doing better than the rest of the G7.

Reuters

Japan 'deeply concerned' over Poland blast, Kishida tells G7, NATO meet

Japanese Prime Minister Fumio Kishida attended an emergency meeting of G7 advanced economies and NATO member nations held on Wednesday after news of a missile dropped in Poland, Japan's foreign ministry said.

Reuters

NATO, G7 countries to remain in close contact over Poland blasts

NATO and G7 countries said on Wednesday they would remain in close contact to decide any possible reaction to a blast caused by a rocket which fell in Poland close to the Ukraine border and killed two people.

Wales Online

Biden: 'Unlikely' that missile which killed two people in Poland was fired from Russia

UK Prime Minister Rishi Sunak meets with G7 and Nato leaders following reports that the missile slammed into village close to Ukraine border

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