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
Pope Francis is no stranger to artificial intelligence – a deepfake photo of him in a white puffer jacket went viral last year – but his concerns about AI go far beyond an unflattering shot and are now taking center stage at the Group of Seven summit. Francis will address G7 leaders on Friday at … Read more
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
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
A flare to burn methane from oil production is seen on a well pad near Watford City, North Dakota, Aug. 26, 2021. | Photo Credit: AP Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. Brent crude futures fell … Read more
The euro fell and was testing a two-decade low on Monday after Russia’s indefinite closure of its main gas supply pipeline to Europe stoked fears of energy shortages, high prices and a hit to growth, while the U.S. dollar index hit a 20-year high. The euro touched $0.9903 in early Asia, just above last month’s … Read more
The head of the World Trade Organization said on Saturday she hoped that post-Brexit tensions between Britain and the European Union would not escalate into a trade war. “I would really, really hope that a UK-EU trade war will not take place,” WTO Director-General Ngozi Okonjo-Iweala said in response to a question when speaking to … Read more
Top European Union officials vowed Thursday to use all measures available to ensure that the United Kingdom respects the terms of its Brexit agreement with the bloc as tensions rise over trade involving Northern Ireland. “It is paramount to implement what we have decided. This is a question of rule of law,” European Council President … Read more
Finance Ministers from the Group of Seven (G7) rich nations have said they are close to a landmark accord setting a global minimum corporate tax rate, an agreement that could then form the basis of a worldwide deal. Such a deal aims to end what U.S. Treasury Secretary Janet Yellen has called a “30-year race … Read more