Tag - g7



A display of unmanned systems during a presentation of drone military hardware of the Unmanned Systems Force of the Ukraine Armed Forces in Kyiv on Tuesday
WORLD / Politics
Jun 12, 2024
G7 to announce ‘new steps’ on frozen Russian assets, U.S. says
The development indicates that leaders have all but agreed on a political deal to announce a loan of roughly $50 billion.
Leaders of six major countries hold a joint news conference following an inaugural summit held in the Parisian suburb of Rambouillet in November 1975.
JAPAN / Politics
Jun 12, 2024
G7 becomes political playmaker; major nations to hold 50th summit
The world's major democracies are set to hold their 50th summit, a milestone for the framework.
Italian Prime Minister Giorgia Meloni, this year's Group of Seven chair, speaks following the announcement of the partial results of European Parliament elections, in Rome on Monday.
WORLD / Politics / FOCUS
Jun 11, 2024
Using frozen Russian assets to help Ukraine to top G7 agenda
Under the chairmanship of Italian Prime Minister Giorgia Meloni, G7 leaders will have their hands full at the three-day gathering.
Discussions are increasingly focusing on two options depending on who — the U.S. or the EU — would borrow the money for Ukraine, with different details to be sorted out depending on the choice.
WORLD / Politics
Jun 7, 2024
How G7 and EU plan to leverage frozen Russian assets for Ukraine
Profit generated by Russian central bank funds frozen worldwide will be used to service a $50 billion loan raised on the market for Kyiv.
Bank of Japan Gov. Kazuo Ueda (center), Bank of Italy Gov. Fabio Panetta (left) and Italy's Minister of Economy and Finance Giancarlo Giorgetti at the Group of Seven finance chiefs and central bankers' meeting in Stresa on Friday.
BUSINESS / Economy
May 26, 2024
Bank of Japan refrains from warning against yield rise to 12-year high
The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March.
U.S. Treasury Secretary Janet Yellen has urged European allies to act together with the United States to find a way to unlock the value of around $280 billion in frozen Russian assets so they can provide sustained financial support to Ukraine.
WORLD / Politics
May 26, 2024
G7 ministers cite 'progress' but no done deal on Russian assets for Ukraine
Group of Seven finance ministers cited "progress" in finding ways to use profits from frozen Russian assets to help Ukraine as they wrapped up a meeting.
U.S. Secretary of the Treasury Janet Yellen holds a news conference ahead of a meeting of Group of Seven finance ministers and central bank governors in Stresa, Italy, on Thursday.
BUSINESS / Economy
May 26, 2024
China slammed in G7 show of unity threatening trade escalation
The Group of Seven ministers and bankers accused the world’s second-biggest economy of hurting the economies of its trade partners.
U.S. Treasury Secretary Janet Yellen has urged European allies to act together with Washington to find a way to unlock the value of around $280 billion in frozen Russian assets so they can provide sustained financial support to Ukraine.
WORLD / Politics
May 25, 2024
Using Russian assets for Ukraine: a tempting but tricky move
The complex issue is on the agenda at this week's meeting of finance ministers of the Group of Seven wealthy democracies.
Bank of Italy Gov. Fabio Panetta (left), French Finance Minister Bruno Le Maire (center) and Italian Finance Minister Giancarlo Giorgetti pose for a picture at the Group of Seven finance chiefs and central bank governors' meeting in Stresa, Italy, on Friday.
BUSINESS / Economy
May 25, 2024
China fear grips G7 with draft raising alarm at ‘harmful’ trade
A draft communique formulated at the Group of Seven meeting in the lakeside resort of Stresa introduces much stronger language than before.
Japan's top currency diplomat, Masato Kanda, poses for a photograph during an interview at the Finance Ministry in Tokyo in  January 2022.
BUSINESS / Economy
May 25, 2024
Japan issues fresh warning on yen drops and signals readiness to intervene
The finance minister also said he was in frequent contact with overseas counterparts, particularly in the U.S., on issues including financial markets.
Rishi Sunak speaks at a meeting of finance ministers ahead of the 2021 G7 leaders' summit in London on June 4, 2021.
WORLD / Politics
May 22, 2024
G7 finance chiefs seek common line on Russian assets and China
Negotiators have been discussing for weeks how to best exploit some $300 billion worth of seized Russian funds.
Group of Seven leaders, including Prime Minister Fumio Kishida and U.S. President Joe Biden, after visiting the Hiroshima Peace Memorial Park on May 19, 2023
May 19, 2024
G7 goal of nuclear-free world increasingly challenged
Momentum for nuclear disarmament has not increased, partly because Russia has threatened to use nuclear weapons in its military aggression against Ukraine.
A local resident visits the Lychakiv cemetery in Lviv, Ukraine, on Thursday. The U.S. is in talks with close partners to lead a group of allies that would give as much as $50 billion in aid to Ukraine.
WORLD / Politics
May 4, 2024
G7 eyes plan on U.S.-led $50 billion aid package for Ukraine
The plan is being discussed among the Group of Seven nations, with the U.S. pushing to have an agreement when G7 leaders meet in Italy in June.
The Naughton coal power plant in Kemmerer, Wyoming. Ministers from the Group of Seven countries have agreed on a schedule for phasing out coal-fired power plants, setting as a goal the mid-2030s.
May 1, 2024
G7 to phase out coal-fired power plants by mid-2030s
The move was hailed as significant by some environmentalists but slammed as "too late" by others.
This combination of photos shows the cooling tower of the Emile Huchet coal-fired power station undergoing demolition in Saint-Avold, northeastern France, in February.
ENVIRONMENT / Climate change
Apr 30, 2024
G7 reportedly agrees end date for coal-fired power plants
The meeting in Turin is the first big political session since the world pledged at the U.N.'s COP28 climate summit in December.
The remains of an Iranian rocket booster near Arad, Israel, on Sunday
WORLD / Politics
Apr 16, 2024
Wars set to dominate G7 foreign ministers talks as calls for peace go unheard
A unified front between Western powers has not been enough to bring peace either to Ukraine or the Middle East.
Israeli soldiers mount an Israeli flag on a military vehicle near the Israel-Gaza border on Monday.
WORLD / Politics
Apr 16, 2024
Israel vows response to Iran attack amid growing calls for restraint
Israel's military chief of staff said Iran's direct attack "will be met with a response" as world leaders call for no further escalation.
NATO’s Jens Stoltenberg (left) and the U.S. Secretary of State Antony Blinken during a news conference in Washington on Jan. 29
WORLD / Politics
Apr 9, 2024
World rush to rearm could cost G7 countries $10 trillion over next decade
Security challenges include an aggressive Russia, a volatile Middle East, and the Chinese military tugging U.S. attention toward the Pacific.
Prime Minister Fumio Kishida said the government would draw up a political policy package for the next three years or so for system reforms allowing the country's competitiveness and birthrate to improve by 2030.
BUSINESS / Economy
Mar 1, 2024
Japan may have lowest per capita GDP among major economies in 2060
The government estimate is likely to materialize if the country's productivity growth remains low as in recent years and the population continues to fall.
Prime Minister Fumio Kishida takes part in an online meeting of Group of Seven leaders at the Prime Minister's Office in Tokyo late Saturday, the second anniversary of Russia's invasion of Ukraine.
JAPAN / Politics
Feb 25, 2024
On Ukraine war anniversary, Kishida stresses need for unity as setbacks mount
The PM told G7 leaders that more "concrete actions" to support Kyiv are needed, vowing more Russian sanctions and condemning North Korean missile exports.


People wait for the main act to begin at Summer Sonic, which holds simultaneous music festivals for those in Tokyo and Osaka.
Can Japan's summer music festivals adapt to a post-pandemic reality?