G7 LEADERS
Moscow warns of retaliation if income from its assets is seized
Leaders of the G7 agreed at a summit in Italy last week to use interest from Russian assets frozen in the West to provide a $50 billion loan to Ukraine. Russia says the action is illegal and will rebound against the West by undermining confidence in the global financial system.
"G7 political tool to perpetuate US, Western supremacy": China
China has criticized the G7 Leaders' Communique, accusing the group of using China-related issues to attack and vilify the nation. The Chinese Foreign Ministry Spokesperson denounced the G7's statements as baseless and biased, reflecting a continued effort to maintain US and Western dominance. China also criticized the G7's composition, relevance, and stance on global peace and security. The G7 Summit leaders reaffirmed their commitment to a free and open Indo-Pacific governed by international law. Prime Minister Narendra Modi addressed the G7 Outreach Session on AI and Energy, Africa, and the Mediterranean, highlighting the transformative role of technology.
Pope Francis becomes the first pontiff to address the Group of Seven nations, talking about AI
Francis addressed the G7 and other invited countries at their annual summit in southern Italy. When he arrived, the room, which had been boisterous with delegations, went quiet as he greeted each of the G7 members and the expanded guest list.
Committed to work together to deal with important issues: Trudeau after meeting PM Modi in Italy
Canadian PM Justin Trudeau mentioned that there are "important but sensitive" issues to address with India after meeting PM Narendra Modi at the G7 Summit. He declined to share specifics but emphasized their commitment to work together on significant matters. The meeting, held in Italy, comes amidst strained relations between the two countries, stemming from Trudeau's allegation of India's involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar in British Columbia last year. India has dismissed the allegations as baseless.
Italian PM Giorgia Meloni officially closes G7 Summit; mentions talks with PM Modi
Italian Prime Minister Giorgia Meloni closed the G7 Summit in southern Italy, mentioning talks with PM Modi to strengthen bilateral partnership.
G7 summit 2024 highlights: Presented India’s perspective at world stage, PM Modi tweets
After attending the G7 meeting and holding multiple bilaterals during his day-long visit to Italy, Prime Minister Narendra Modi on Saturday returned to Delhi. The PM said that he had a productive day after interacting with world leaders. He posted on X, "Had a ve...
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G7 tackles migration, economy & more, but differs on abortion
Leaders of the G7 nations focused on artificial intelligence, economic security, and migration during their summit in Italy, addressing major global challenges like financial support for Ukraine and climate change.
PM Modi meets Joe Biden, other global leaders at G7 summit
PM Narendra Modi, on his maiden trip abroad since his re-election for the third straight term in office, met US President Joe Biden on Friday in a brief pull aside at the G7 summit and is understood to have touched upon various issues of common interests, including the Indo-Pacific region. "It's always a pleasure to meet @POTUS @JoeBiden. India and USA will keep working together to further global good," Modi wrote on X following their one-on-one meet on the sidelines of the G7 Summit in Italy.
G7 leaders tackle the issue of migration on the second day of their summit in Italy
The gathering in a luxury resort in Italy's southern Puglia region is also discussing other major topics, such as financial support for Ukraine, the war in Gaza, artificial intelligence, climate change, as well as China's industrial policy and economic security.
Vladimir Putin says freezing of Russian assets in West is 'theft'
Russian President Vladimir Putin criticised the freezing of Russian assets abroad as "theft" and vowed to retaliate. G7 leaders agreed on a $50 billion loan for Ukraine using profits from frozen Russian assets, prompting US President Joe Biden to emphasize resolve against Russia. Putin accused Western countries of justifying their actions and warned of severe consequences, stating the nuclear standoff is nearing a critical point.
G7 opposes China's 'dangerous' S. China Sea forays: draft statement
"We continue opposing China's dangerous use of coastguard and maritime militia in the South China Sea and its repeated obstruction of countries' high seas freedom of navigation," it said.
G7 Summit: PM Modi, President Biden likely to meet; US to raise Pannun's murder attempt plot
G7 Summit: During the upcoming G7 Summit in Italy, President Joe Biden and Prime Minister Narendra Modi are expected to meet. US National Security Advisor Jake Sullivan highlighted that Biden's upcoming trip to Italy could include an encounter with the Indian Prime Minister. He also emphasized his administration's commitment to discussing significant issues, including recent concerns such as the thwarted Sikh separatist murder plot, at high-level meetings with India.
China to dominate final day of G7, Pope to lead AI discussions
The G7 leaders are concluding their annual summit with a focus on discussions about China, with a historic session featuring Pope Francis delving into the topic of artificial intelligence (AI). Alongside the Pope, ten other heads of state and government, such as the Prime Minister of India and the King of Jordan, are participating, as the G7 seeks to demonstrate inclusivity by inviting external voices into its deliberations, shedding its image as an exclusive club.
Italy and France spar over abortion at G7 summit
Italy demands removal of 'safe and legal abortion' reference from G7 summit statement, sparking dispute with France's Macron over differing political visions.
G7 leaders agree to lend Ukraine billions backed by Russia's frozen assets. Here's how it will work
The Group of Seven leaders have reached a historic agreement to provide a $50 billion loan to support Ukraine in its ongoing conflict with Russia. This loan will be backed by interest earned on profits from Russia's frozen central bank assets, with details currently being finalized at the G7 summit in Italy. President Joe Biden hailed the agreement as a crucial step in providing sustainable support for Ukraine, while Ukrainian President Volodymyr Zelenskyy expressed gratitude for the international assistance.
G7 Summit: How G-7 nations plan to counter rising clout of Russia and China
The G-7, facing challenges from rising powers like China and Russia, grapples with economic and military limitations while navigating a shifting global landscape. Focused on protecting democracy, the group confronts issues such as defense spending, economic vitality, and trade tensions, seeking to maintain its influence and address geopolitical threats.
US unveils sweeping sanctions targeting Russia over Ukraine war
The United States has imposed new sanctions on more than 300 targets, including entities in Russia and other countries, in an effort to constrain Moscow's war in Ukraine. The sanctions target entities involved in Russia's military-industrial complex and several liquefied natural gas projects. The move also broadens the reach of sanctions to include all Russian individuals and entities impacted by US sanctions, expanding the list from over 1,000 to about 4,500. The US is also restricting the supply of certain IT services and software support to individuals in Russia.
Giorgia Meloni, Italian PM and far-right leader, wins European Parliament polls, becomes kingmaker in Europe
Italian Prime Minister Giorgia Meloni's Brothers of Italy party secured 28% of votes in the European elections, enhancing her political influence. This result outperformed their 2022 general election showing and came at the expense of Matteo Salvini's League party, which dropped to 8.5%. The centre-left Democratic Party gained 24.5%, while the Five Star Movement fell to 10.5%.
G7 plans to warn small Chinese banks over Russia ties, sources say
U.S. officials expect the G7 wealthy democracies to warn smaller Chinese banks at the upcoming summit hosted by Prime Minister Giorgia Meloni regarding their assistance to Russia in evading Western sanctions.
Did world leaders ask Joe Biden to ensure Donald Trump's defeat in 2024 US Presidential Election? Here is what we know
In an interview, Biden said that many world leaders had communicated with him in private about the danger of Trump’s return to the presidency. They had urged him to defeat Trump in the elections.
Charting the Global Economy: New policies considered to be trade-restrictive hit a record in 2023
The world’s three dominant economies are entering a new, combative phase as the US increasingly uses trade weapons borrowed from China’s playbook.
G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
G7 finance officials are nearing an agreement on using frozen Russian assets to benefit Ukraine, with final decisions to be made at a June summit of national leaders.
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