HANOI—The Group of Seven (G-7) industrialized nations will provide $15.5 billion to help Vietnam transition away from coal, the British foreign office said on Wednesday. The deal will be the third agreement of this type reached by G-7 nations. The group signed similar deals last year with South Africa and last month with Indonesia. An […]
KYIV—Russian missiles, artillery, and drones hammered targets in eastern and southern Ukraine, the Ukrainian General Staff said, as global economic powers pledged to beef up Kyiv’s military capabilities with a focus on air defense. The Group of Seven (G-7) promised to “meet Ukraine’s urgent requirements” after President Volodymyr Zelenskyy appealed for modern tanks, artillery, and […]
G7 Trade Ministers have said they will take a tougher stance on China over trade, after a two day meeting at Neuhardenberg Palace in East Berlin, Germany, on Sept. 15. Experts believe the change is because the countries have become increasingly alert to the Chinese regime’s aggressive behavior towards the international community. German Minister for […]
Russia’s Deputy Prime Minister Alexander Novak said that Moscow will ban exports of oil and other petroleum products to countries that impose a cap on the price of Russian crude. Novak made the remarks to reporters in Moscow on Sept. 1, according to Russian state media Tass, which came as Western powers were preparing to […]
President Joe Biden and leaders from G-7 nations on Tuesday pledged to contribute billions of dollars in aid to address global food security prompted by Russia’s invasion of Ukraine. In a statement, the White House said that over half of the $4.5 billion contribution will come from the United States. Biden will also announce an additional $2.76 billion […]
Japan has agreed to coordinate with the United States in setting a price cap on Russian oil exports to pressure Moscow to halt its aggression against Ukraine, according to a Japanese official. Japan’s Prime Minister Fumio Kishida met with U.S. President Joe Biden on the sidelines of the Group of Seven (G-7) summit on Sunday […]
The Group of Seven nations announced on Sunday its plans to raise $600 billion over the next five years for a global infrastructure program. They say the plan will serve as a “positive alternative” to models that sell “debt traps.” One nation criticized for these “debt traps” is also a major strategic competitor of the […]
Seven democratic powers invited India and South Africa to this week’s G-7 summit. The move sought to strengthen the West’s front against China and Russia, but the result may not be so clear-cut. One G-7 member nation in particular remains deeply involved in China’s Belt and Road Initiative. For now, its next move remains to […]
Group of Seven (G-7) leaders are moving closer to imposing a “price cap” on Russian oil. What would that mean, and will it actually work? Meanwhile, President Joe Biden is committing $200 billion to a global infrastructure plan to counter China. In another high-profile ruling, the Supreme Court sided with a former football coach who […]
Seven world powers are looking to counter China with a new project and hundred-billion dollars in funding. It’s designed as an answer to China’s Belt and Road Initiative. We take a closer look at why some call Beijing’s Belt and Road Initiative a form of “debt-trap diplomacy.” Chinese state media outlets are publishing reports on […]
