The Latest Breaking News from G7

Belgian backing for Russian diamond embargo critical as about 90% of world’s diamonds pass through Antwerp

THE UK is set to become the slowest growing economy among major developed nations next year, according to the International Monetary Fund (IMF).

BRICS, a grouping of six new members inducted in August, is an economic compulsion. It has grown to 36% of global GDP and 47% of world population by 2050. It has the potential to challenge G7 dominance and contains two of the world's fastest-growing economies, China and India. The U.S.'s…

Revisions to figures show stronger performance than Germany and France but momentum starts to stall

G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for months – but imposing new regulations on the global diamond market is no easy…

Exclusive: Kyiv says Iranian drones used by Russia in Ukraine have various European components

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…