Ministers from the G-7 countries meeting in Berlin also announced a target to have a highly decarbonised road sector by 2030, meaning that zero emission vehicles would dominate the sales
A draft communique showed the group would consider committing to a phase-out of coal by 2030
The G7 has also agreed to stop financing fossil fuel projects by 2025, the minister said, calling the decision "extremely important.
Opec and its allies, a group known as Opec+, has so far rebuffed Western calls for a faster increase in oil production to lower surging prices
Abe hopes, to use a G7 statement on the world economy as cover for a domestic fiscal package
G11, if it materialises, is good for India
Jaishankar also revealed that he had a useful virtual meeting with the Foreign Minister of Canada, Marc Garneau, on the sidelines of the G7 summit
UK Prime Minister Boris Johnson is to host fellow G7 leaders for a virtual meeting on February 19 ahead of its presidency of a summit in June of the Group of Seven countries
China has reacted sharply against a joint communique issued by foreign ministers of the Group of Seven (G7) countries that criticised Beijing's increasing presence in the East and South China seas
A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days
Host Japan was keen to get its G7 counterparts on board with the view that fiscal stimulus is the best way to kickstart global growth
Responding to stinging criticism, President Donald Trump has abruptly reversed his plan to hold the next year's Group of Seven world leaders' meeting at his Doral golf resort in Florida. "I think he knows," his acting chief of staff said Sunday, "people think it looks lousy." Trump announced a rare backtrack Saturday night after facing accusations that he was using the presidency to enrich himself by hosting the international summit at the private resort owned by his family. "Based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020," Trump tweeted. He said his administration "will begin the search for another site, including the possibility of Camp David, immediately." The striking reversal raises further doubts about the position of the president's top aide, Mick Mulvaney, who held a news conference Thursday announcing the choice of Doral for the summit. He insisted his staff had
Trump arrived in Biarritz fresh from having upped the ante with increased tariffs in the escalating trade struggle with China
The French official said that at this stage there was no plan for Zarif to meet members of US President Donald Trump's delegation at the summit venue
Leaders of seven developing countries agreed to promote infrastructure development to help boost growth
Trump's reluctance to embrace global climate deal signed by 195 countries annoyed Angela Merkel
G7 members will also discuss the refugee crisis and Islamist terrorism
The sessions are on June 12 and 13
Johnson flew to the Group of Seven summit meeting in Cornwall
Agreement paves way for levies on multinationals in countries where they operate, instead of just where they are headquartered.