Page 7 - G7 Summit

G7 Summit in Italy: 'PM Modi to play important role', says Indian envoy

Envoy Vani Rao said that PM Modi will also follow up on some of the key issues that were there during India's G20 presidency

Ceasefire push, war aid talks on cards as G7 summit begins today in Italy

The wording by the G-7, specifically name-checking Biden, appears designed to corner PM Benjamin Netanyahu into formally accepting the cease-fire proposal on which he's also been equivocating

Modi to attend G7 in Italy, join Ukraine peace talks at 'appropriate' level

The G7 summit set to be held in Italy from June 13-15 in which several nations and key organisation will participate to deliberate on pressing issues including climate change and West Asia tensions

India, Italy enhance trade, def & tech ties; boost strategic partnership

Italy is the Chair of G7 this year and is hosting the G7 Summit on June 13 and 14. Italian PM Georgia Meloni has invited PM Modi to the G7 Outreach Summit in Puglia on June 14

Oxfam urges G7 to tap fraction of military spend to resolve hunger, debt

The G7 - comprising the United States, Japan, Canada, Germany, France, Italy and Britain - is set to meet in Italy this week where leaders will discuss issues such as climate change, migration, debt

Germany hosts conference for Ukraine before peace summit in Switzerland

Germany is hosting a conference on Tuesday to gather support for Ukraine's recovery from the destruction wreaked by Russia's war, sending a new signal of solidarity with Kyiv at the start of a week of intense diplomacy. The two-day Ukraine Recovery Conference in Berlin, following up on a similar gathering in London a year ago, comes before the Group of Seven summit of Ukraine's leading Western allies in Italy and a global peace summit in Switzerland this coming weekend. Ukrainian President Volodymyr Zelenskyy, who last week attended events marking the 80th anniversary of the D-Day landings in France, is expected at the gathering, which the German hosts say will bring together 2,000 people from politics, business and other areas. Even during the current times of war, Ukraine needs to continually rebuild houses, water pipelines, hospitals and power grids, German Development Minister Svenja Schulze said in a statement. People want to keep on living in their country, and to do so they .

PM Modi may visit Italy this week, his first overseas trip in third term

Modi will join global leaders in attending the G7 or Group of Seven summit, which will be held in Borgo Egnazia (Fasano) in Italy's Apulia from June 13-15

Here's a list of key global events that await Modi govt in its third term

With the NDA leaders' oath ceremony now complete, here's a look at the key global events the Modi 3.0 government will focus on to continue advancing its diplomatic agenda

US officials expect G7 to warn small Chinese banks over Russia ties: Report

This year's G7 summit is also expected to focus on leveraging profits generated by Russian assets frozen in the West for Ukraine's benefit

Consensus growing on rate cut as inflation diminishes: ECB's Panetta

Panetta has said inflation is showing a common underlying trend as it is declining in all major economic areas and that risks to financial stability have reduced

G7 to explore ways of using frozen Russian assets to help Ukraine

The G7 and its allies froze some $300 billion of Russian assets shortly after Moscow invaded its neighbour in February 2022

Two-day G7 finance summit kicks off seeking unity on Ukraine, China

The G7 will also address a proposed global wealth tax on billionaires, promoted by Brazil and France among the broader Group of 20 developed countries

Yellen wants G7 'wall of opposition' to China's excess industrial capacity

Yellen said that if G7 ministers can agree on concept for bringing forward the earnings on the frozen Russian assets, they will spend time before G7 summit in Puglia in mid-June on refining details

India to participate in G-7, Ukraine peace summit next month: PM Modi

India will participate in all important summits that promote the agenda of global peace, security and development, Prime Minister Narendra Modi has said while referring to invitations to him to attend the G-7 meeting and the Ukraine peace summit next month. In an interview to PTI, the prime minister said India will "resonate the voice of the Global South" at these summits to shape the global discourse and advance the vision for human centric development and a prosperous and peaceful world. "The level of participation will be the factor of timing, logistics and parallel commitments," Modi said in response to a question on whether he will be attending the two multilateral gatherings. Italy is hosting the G-7 Summit meeting from June 13-15, while the Ukraine peace summit will be held in Switzerland from June 15-16. Modi said the invitations extended to India to attend the summits were an acknowledgment of its significance and contribution to international affairs. "These reflect the

G7 nations reach deal to shut down their coal-fired power plants by 2035

The accord will be included in the G7 energy ministers' final communique to be released on Tuesday at the end of a two-day meeting in Turin

Italy pushes G7 to set date for coal phase-out ahead of energy meeting

An agreement on this would be one step in the direction indicated by the COP28 United Nations climate summit in Dubai last year to transition away from fossil fuels, of which coal is most polluting

None of G7 economies on track to meet 2030 mitigation targets, shows report

None of the G7 members are on track to meet their existing emission reduction targets for 2030, according to a new analysis released on Tuesday. The analysis by Climate Analytics, a global climate science and policy institute, comes ahead of the G7 climate, energy, and environment ministers' meeting in Venaria Reale, Italy, during April 28-30. The G7 collectively aims to achieve a 40-42 per cent emission reduction by 2030 but existing policies suggest that it will likely achieve only 19-33 per cent by the end of this decade, the analysis showed. This is at best around half of what is needed and would lead to greenhouse gas emissions in 2030 exceeding a 1.5 degrees Celsius compatible level by around four gigatonnes of carbon dioxide equivalent. Such a shortfall in ambition does not provide the leadership signal needed from the world's richest countries, making up around 38 per cent of the global economy and responsible for 21 per cent of total greenhouse gas emissions in 2021, the .

'Ready to cooperate': G7 foreign ministers advocate free, open Indo-Pacific

The foreign ministers of the G7 have reiterated their commitment to a free and open Indo-Pacific region and emphasised that a growing China that plays by international rules would be of global interest. Terming China a key interlocutor in addressing global challenges, and that the G7 stands ready to cooperate with Beijing on areas of common interest, a G7 Foreign Ministers' Meeting Communique on Friday said, Our policy approaches are not designed to harm China, nor do we seek to thwart China's economic progress and development. However, we are concerned that China's nonmarket policies and practices are leading to harmful overcapacity that undermines our workers, industries, and economic resilience. A growing China that plays by international rules would be of global interest, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the UK and the US, and the High Representative of the European Union said on the final day of the Ministerial meeting on Foreign Affairs that wa

G7 price cap on Russian oil, recent action by Indian refiners working: US

Since October, the US has enforced the price cap with sanctions including designating in February Sovcomflot (SCF), Russia's state-owned shipping company

Western assets will meet same fate if Russian assets are seized: Kremlin

Leaders of the Group of Seven major industralised nations will discuss a new legal theory that would enable the seizure of frozen Russian assets when they meet in February