Page 3 - G7

G7 nations vows to take on China over 'unfair' business practices

Washington expected to see unprecedented unity across the G7 in confronting China's non-market policies and practices, a senior U.S. official at the G7 said

Highlights: Ex-CM Yediyurappa can't be arrested in sexual assault case till next hearing, says court

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Economic shortsightedness is jeopardising Italy's G7 ambitions

In the 1990s, Italy initiated the largest privatisation programme in continental Europe, dismantling much of its industrial backbone instead of fostering innovation

G7 summit: PM Modi meets Pope Francis; invites him to visit India

Prime Minister Narendra Modi on Friday invited Pope Francis to visit India and said he admired the pontiff's commitment to serving the people. They met with a warm embrace at the Outreach session of the G7 Summit in Apulia, southern Italy where they joined other world leaders to deliberate on the topic of Artificial Intelligence, Energy, Africa and the Mediterranean. "Met Pope Francis on the sidelines of the @G7 Summit. I admire his commitment to serve people and make our planet better. Also invited him to visit India," Modi said in a post on X. Modi and the BJP have made several overtures to the Christian community before the general elections in the country. Modi was seen in a light-hearted exchange with the 87-year-old head of the worldwide Catholic Church, who was taken around the table in a wheelchair to greet each of the world leaders gathered at the summit venue of Borgo Egnazia. "It is up to each of us to make good use of AI, the Pope said in his address at the Outreach ..

G7 commits to reduce 75% of methane emissions from fossil fuels by 2030

The document includes a pledge "to phase out existing unabated coal power generation in our energy systems during the first half of the 2030s", as agreed by G7 energy ministers in April

Highlights of the day: G7 nations commit to reduce 75% of methane emissions by 2030

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G7 leaders tackle migration issue on second day of summit in Italy

Leaders of the Group of Seven leading industrialised nations are turning their attention to migration on the second day of their summit Friday, seeking ways to combat trafficking and increase investment in countries from where migrants start out on often life-threatening journeys. 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 and climate change, as well as China's industrial policy and economic security. But some divisions also appeared to emerge over the wording of the summit's final declaration, with disagreement reported over the inclusion of a reference to abortion. Migration is of particular interest to summit host Italy, which lies on one of the major routes into the European Union for people fleeing war and poverty in Africa, the Middle East and Asia. Right-wing Italian Premier Giorgia Meloni, known for her hard-line stance on the issue,

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

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

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

G7 leaders call on Hamas to accept Israeli proposal to end war in Gaza

They further reaffirmed their support for peace leading to a two-state solution

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

Global rate cuts: Slowing inflation primes G-7 central banks for June

Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction

FAO highlights potential of AI revolution in transforming agrifood system

Artificial Intelligence is not just a technological shift but is driving a fundamental economic and social transformation at the broadest level, Qu said, noting that FAO recognises its power

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

'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 warns of new sanctions on Iran for drone attack, urges de-escalation

Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict. Italian Foreign Minister Antonio Tajani, who chaired the meeting of ministers of industrialised countries, said the agenda of the three-day meeting was changed on Friday to address the latest developments. Early Friday, Iran fired air defences at a major air base and a nuclear site near the central city of Isfahan after spotting drones. They were suspected to be part of an Israeli attack in retaliation for Tehran's unprecedented drone-and-missile assault on the country last weekend. Tajani didn't immediately address the incident, but said that G7 ministers condemned Iran's weekend attack on Israel and urged both sides to exercise restraint. The political objective is de-escalation, Tajani said in a closing press conference.

G7 foreign ministers seek urgent defence support for desperate Ukraine

G7 ministers kicked off a second day of talks on the Italian island of Capri by discussing the Middle East crisis and will turn their attention to Ukraine in the afternoon