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Keywords: G7


G7 pledges action as energy crisis drives inflation surge in Europe

Finance and energy ministers from the Group of Seven met virtually on Monday alongside central bank governors as Europe faced mounting economic pressure from the energy shock linked to the conflict involving Iran. New data showed German inflation rising to its highest level in over a year, underscoring......

Marco Rubio to attend G7 meeting in France amid Iran conflict

U.S. Secretary of State Marco Rubio is set to travel to France this Friday to participate in a meeting of G7 foreign ministers, where discussions will focus on rising tensions linked to the conflict involving Iran. The gathering marks Rubio’s first international trip since the escalation that......

Allies press Trump for war strategy as Iran conflict enters third week

As the United States and Israel war against Iran enters its third week, President Donald Trump faces mounting pressure from allies and some advisers to clarify the objectives and potential endgame of the conflict. Despite repeated declarations of victory from Washington, Iranian forces continue to launch......

G7 Countries release strategic oil reserves ahead of leaders’ meeting

Several G7 nations have announced the release of strategic oil reserves in response to rising energy prices, ahead of a scheduled leaders’ meeting. Japan and Germany took the initiative to ease market pressures caused by the ongoing Middle East conflict, signaling coordinated action among the world’s......

G7 weighs oil reserve release as Iran war sends markets swinging

Oil markets swung sharply Monday after crude prices climbed above $100 per barrel for the first time since Russia’s invasion of Ukraine in 2022, while G7 governments debated whether to release strategic petroleum reserves to counter disruptions caused by the war involving the United States, Israel......

G7 weighs record oil reserve release as war drives crude above $100

Finance ministers from the Group of Seven held an emergency virtual meeting Monday to discuss a coordinated release of strategic oil reserves as global crude prices surged above $100 per barrel amid the escalating conflict involving Iran. The call, scheduled for 08:30 Eastern Time, included International......

China seeks deeper cooperation with the United Kingdom

China has announced its intention to strengthen cooperation with the United Kingdom, highlighting a desire to enhance mutual trust and expand practical collaboration. The statement was made by the Chinese foreign ministry as British Prime Minister Keir Starmer prepares for an official visit to China. According......

Zelenskyy and Trump to meet in Davos on Ukraine security

Ukrainian President Volodymyr Zelenskyy and U.S. President Donald Trump are set to meet next week at the World Economic Forum in Davos, Switzerland, where G7 leaders aim to secure Trump's personal backing for security guarantees to shield Ukraine following a potential ceasefire with Russia. Scheduled......

G7 forms alliance on critical minerals to challenge China's dominance

The Group of Seven nations has unveiled a landmark alliance aimed at bolstering the production of critical minerals, a move described by Canadian Energy Minister Tim Hodgson as a pivotal shift in efforts to lessen Western reliance on China's grip over resources vital for modern technology. Revealed......

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