BRICS+ group’s share in global goods exports can overtake G7 by 2026: EY India

BRICS+ group’s share in global goods exports can overtake G7 by 2026: EY India

Officials, including Ethiopian Prime Minister Abiy Ahmed, Egyptian President Abdel Fattah al-Sisi, South African President Cyril Ramaphosa, Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Iranian President Masoud Pezeshkian and Brazilian Foreign Minister Mauro Vieira, attend the BRICS … Read more

Iran rebukes G7 statement over its nuclear programme escalation

Iran rebukes G7 statement over its nuclear programme escalation

Last week, the U.N. nuclear watchdog’s 35-nation Board of Governors passed a resolution calling on Iran to step up cooperation with the watchdog and reverse its recent barring of inspectors. | Photo Credit: Reuters Iran called upon the Group of Seven (G7) on June 16 to distance itself from “destructive policies of the past”, the … Read more

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Frankfurt: Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a US proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit of national leaders. “We are making … Read more

G7 agrees to phase out coal-fired power plants by mid-2030s

G7 agrees to phase out coal-fired power plants by mid-2030s

G7 energy and climate ministers agreed a time frame Tuesday for phasing out coal-fired power plants that are not equipped to capture emissions in a significant step towards curbing fossil fuel use.The Group of Seven two-day meeting in Turin is the first big political session since the world pledged at the UN’s COP28 climate summit … Read more

North Korea criticises G7 as ‘remnant of the Cold War’

North Korea criticises G7 as ‘remnant of the Cold War’

North Korea criticised the Group of Seven countries as a “remnant of the Cold War” that causes conflicts for their own interests and violates other countries’ sovereignty, its state media KCNA said on Tuesday. Jo Chol Su, director general of the Department of International Organisations at Pyongyang’s foreign ministry, condemned G7 foreign ministers for “slandering” … Read more

India wants energy transition on its own terms — without phasing out coal and with more grants

India wants energy transition on its own terms — without phasing out coal and with more grants

India is unlikely to sign a deal with richer nations this year for a just energy transition, as international funding rests on India committing to a timeline to phase out coal, an “unviable” proposition for the country, energy analysts said. The Group of Seven (G7) industrialised nations, together with Norway, Denmark and the European Union, … Read more

Heatwave-hit India irks G7 with wheat export ban

Heatwave-hit India irks G7 with wheat export ban

India banned wheat exports without government approval Saturday after its hottest March on record hit production, in a blow to countries reeling from supply shortages and soaring prices since Russia’s invasion of Ukraine. The announcement drew sharp criticism from the Group of Seven industrialised nations’ agriculture ministers meeting in Germany, who said that such measures … Read more

Germany says EU, NATO, G7 to launch ‘massive sanctions’ against Russia

Germany says EU, NATO, G7 to launch ‘massive sanctions’ against Russia

Germany on Thursday said the EU, NATO and the G7 would work to hit Russia with severe sanctions after the Kremlin launched an air and ground assault on Ukraine. “We will launch the full package with the most massive sanctions against Russia and we will strengthen our security and our allies,” Foreign Minister Annalena Baerbock … Read more

Australia news live update: Victoria records two new local Covid cases; Morrison heads to London for trade talks

Australia news live update: Victoria records two new local Covid cases; Morrison heads to London for trade talks

12.12am BST00:12 Army investigates bullying allegations at cadet regiment Another exclusive, this time from Daniel Hurst. The Australian army is investigating allegations of bullying and harassment of officer cadets at the University of Sydney regiment. Allegations include searches through women’s underwear drawers and a nearly three-month period in which cadets were forced to work seven … Read more

G7 live: Raab suggests it was ‘offensive’ for Macron to imply Northern Ireland not full part of UK

G7 live: Raab suggests it was ‘offensive’ for Macron to imply Northern Ireland not full part of UK

Latest updates: UK foreign secretary critical of French president over Brexit as final day of G7 sees attention turn to climate crisis 1.19pm BST Angela Merkel, the German chancellor, has said that with Joe Biden US president instead of Donald Trump, the world can address its problems “with a new zest”, Bloomberg reports. “Look, the … Read more