Group Of Seven

The EU agreed on the price after the holdout Poland gave its support, paving the way for formal approval over the weekend.

G7 Summit: Key facts about the Group of Seven

In 1975, leaders of the world’s wealthy democracies gathered to deal with an energy crisis sparked by a war and rampant inflation. Those same sore points are bedeviling their successors representing 46 percent of the global economy at this week's Group of Seven summit, with high consumer and energy prices threatening to trigger recessions in the U.S. and Europe.

In Pics | Joe Biden in Europe for extraordinary NATO summit, G7 meeting on Ukraine crisis

Brussels, Europe’s diplomatic capital is hosting an emergency NATO summit as well as a gathering of the Group of Seven industrialised nations and a summit of the 27 members of the European Union.

B3W vs BRI — World leaders have a B in their bonnets

As the West gears up to counter China’s supremacy, New Delhi’s response is guarded as it has to balance India’s geopolitical and commercial interests

Yellen’s new alliance against Leprechauns

The tax deal would also greatly reduce the incentive for countries to serve as tax havens in the first place

Yellen won a global tax deal. Now comes the hard part.

A divided US Congress and stiff resistance from Republicans and business groups mean closing the deal at home may be an even bigger challenge

China rejects G-7 criticism on human rights

A spokesperson for China's foreign ministry said that the G-7 should be working on improving access to Covid vaccines for developing countries instead of talking about human rights in China.

Asian stocks down, bonds rally as 'Brexit' vote looms

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent while Japan's Nikkei declined0.4 percent.

G7 leaders pledge action on terrorism, refugees, slow growth

The G-7 leaders claimed a "special responsibility" for beefing up policies to stimulate and sustain growth of their sluggish economies.

Japan PM hints at tax delay with economic 'crisis' comment

Tokyo is scheduled to raise the sales tax from eight to 10 percent in April 2017 to help pay down one of the biggest debt loads among rich nations.

G7 says 'concerned' by situation in East, South China seas

Beijing's claim to nearly the entire South China Sea has angered some of its Southeast Asian neighbours and sparked fears over threats to freedom of navigation in the body of water that encompasses key global shipping lanes.

Japan‘s first-quarter GDP revised sharply higher

Japan's gross domestic product (GDP) growth was revised sharply higher in the first quarter, data on Monday showed, adding to hopes that its economic recovery is gaining traction.

G7 finance ministers say ready to aid Ukraine

The G7 said the IMF, which is sending a team to Kiev this week, needed to be in the forefront of efforts to help Ukraine with both policy advice and financing to help it through its most-pressing economic challenges.

G7 urges higher oil output, warns on reserves

The Group of Seven finance ministers urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that Western nations were ready to tap strategic oil reserves to offset rising prices that could hurt global growth.

Eurozone crisis: India prepares contingency plan

India has prepared a contingency plan for Greece exiting the eurozone and even a collapse of the monetary union, Indian officials said on Tuesday.

Global downturn puts investors, companies in retreat

Gripped by fears that Europe's debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think their money will be safe.

Oil falls over $4 as US downgrade spurs growth concern

Oil fell more than USD 4 a barrel on Monday as worries over economic growth spread after Standard & Poor's cut the United States' top-tier credit rating and European central banks struggled to contain a deepening debt crisis.

Europe gives Greece ultimatum: austerity for loans

Euro zone finance ministers gave Greece two weeks from Monday to approve stricter austerity measures in return for another 12 billion euros in emergency loans, piling pressure on Athens to get its ragged finances in order.

Speculators liable for yen spike, G7 to confer Japan crisis

Japanese officials blamed the yen's surge to a record high on speculators and kept markets on alert for a possible intervention ahead of Group of Seven talks later on Thursday about steps to calm financial markets roiled by Japan's deepening nuclear crisis.