G7 Nations

President Joe Biden warned Israeli Prime Minister Benjamin Netanyahu that the U.S. would not take part in a counter-offensive against Iran, according to a White House official. This report was produced by Chris Dignam. Joe Biden and other leaders of the G7 nations condemned Iran's attack on Israel on Sunday, saying it risked provoking an "uncontrollable regional escalation." Watch for more.

UK joins international push to hold Russia accountable for Ukraine invasion

The government said in a statement it had been invited by Ukraine to join the group and encouraged other G7 nations to also take part.

MC Explains: G7 price cap on Russian crude, OPEC+ production cut: Key triggers for global oil market

While India has said that it’s under no pressure to accept the price cap, reports indicate that Indian refiners are wary of buying Russian crude at a higher rate once the proposed G7 price cap kicks in.

G7 ministers threaten "economic costs on Russia" over Ukrainian annexation

"We will never recognise these purported annexations, nor the sham 'referenda' conducted at gunpoint," said a statement from the top diplomats of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.

G7 nations pledge $19.8 billion to bolster Ukraine's finances

The funds will be used "to help Ukraine close its financing gap and continue ensuring the delivery of basic services to the Ukrainian people," the group's finance ministers said in a statement.

India may not accept G7 digital tax proposal as equalisation levy generates larger share of profit, experts say

While the US has finally agreed that tech giants must pay tax in countries where they operate, experts say India’s equalisation levy gives the country a higher share of their profit.

COVID-19 update | Over 200 world leaders urge G7 nations to help vaccinate the world's poorest

A letter warns that the leaders of the UK, US, France, Germany, Italy, Japan and Canada must make 2021 a turning point in global cooperation because fewer than 2 per cent of people in sub-Saharan Africa have been vaccinated against COVID-19.

G7 nations strike deal to tax big companies and squeeze havens

In a move that could raise hundreds of billions of dollars to help them cope with the aftermath of COVID-19, the Group of Seven large advanced economies agreed to back a minimum global corporate rate of at least 15% and for companies to pay more tax in the markets where they sell goods and services.

G7 nations near historic deal on taxing multinationals

The proposed accord, which could form the basis of a global pact next month, is aimed at ending a decades-long "race to the bottom" in which countries have competed to attract corporate giants with ultra-low tax rates and exemptions.

Indian economy projected to overtake US by 2040: PwC report

According to PwC, E7 economies comprising Brazil, China, India, Indonesia, Mexico, Russia and Turkey would grow at an annual average rate of almost 3.5 per cent over the next 34 years, compared to just 1.6 per cent for the advanced G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US.

India follows China as world's fastest growing brand

Amidst all the uncertainty and volatile macro environment, here's some good news. India has emerged as the world's second fastest growing brand with only China to beat. CNBC-TV18's Pavni Mittal brings the results of Brand Finance's latest global report.