Tag Archives: G7

GENEVA | Xinhua | China’s green technologies from solar panels to electric vehicles (EVs) are in the crosshairs again as Group of Seven (G7) leaders gathered for their annual summit in Italy. In their latest statement, the G7 claimed that China’s industrial policies lead to “global market distortions and harmful …

African countries pay interest rates eight times higher than those of the typical World Bank loan COMMENT | WILLIAM RUTO | Climate change continues to ravage Africa, which is enduring extreme weather and natural disasters on an unprecedented scale. My own country, Kenya, has just emerged from its longest drought on …

Assertions by China’s Xi Jinping about the decline of the West reveal an underlying anxiety COMMENT | CHRIS PATTEN | The recent G7 summit in Hiroshima culminated in an impressive show of unity over the war in Ukraine and China’s expansionism. But are analysts and commentators right to cite the group’s …

Hiroshima, Japan | Xinhua | As more protesters took to the streets, Group of Seven (G7) nations wrapped up their three-day gathering here on Sunday, vowing to escalate sanctions against Russia amid the Ukraine crisis. Following days of protests, hundreds of demonstrators from home and abroad on Sunday rallied against the …

Hiroshima, Japan | Xinhua | The Group of Seven (G7) leaders on Saturday rushed to release a joint statement at their ongoing annual summit in Japan’s western city of Hiroshima. The G7 Hiroshima Leaders’ Communique was suddenly issued with one single version in English on Saturday afternoon, followed by two revised …

Hiroshima, Japan | Xinhua | Amid waves of protests, the Group of Seven (G7) leaders’ annual summit got underway on Friday in Japan’s western city of Hiroshima. Hundreds of protesters from all over the country, even abroad, gathered in Hiroshima’s Funairi Daiichi Park, not far from the summit’s venue, to decry …

Russia has made it clear that it will not export oil to countries that enforce price caps Rome, Italy | Xinhua | A price cap on Russian seaborne crude recently agreed by the European Union (EU), the Group of Seven (G7) nations and Australia came into effect on Monday. Whether the …

Russia’s revenue from oil exports in June increased 40 percent from the average level last year despite Western sanctions Washington, U.S. | Xinhua | Finance ministers of the Group of Seven (G7) countries have agreed to impose a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen said in a …

Berlin, Germany | Xinhua | The Group of Seven (G7) has agreed to reject Russia’s demand to pay gas deliveries in rubles, said German Vice-Chancellor Robert Habeck on Monday. Russia’s demand was “a unilateral and clear breach of existing contracts,” Habeck, who is also the German minister for economic affairs and …

Kampala, Uganda | THE INDEPENDENT | The G7 group of developed nations are yet to fulfil their financing pledge to developing nations for this year’s climate change activities, which is curtailing efforts by the poor countries to implement their commitments, according to the UN. The seven nations agreed at the United …