The Latest Breaking News from G7

Finance ministers from the Group of Seven major democracies meeting in Italy this week are set to discuss a European Union plan to use the income from frozen Russian assets to help Ukraine's war effort.

Finance ministers will debate legality of using €270bn in frozen state assets as collateral for loan

Team Biden comments after Trump says he accepted three debates while president has agreed to do two

Secretary of State Blinken reaffirms US plan to use seized Russian assets for Ukraine's reconstruction, sending a strong message to Putin.

American citizen Paul Whelan expresses optimism about US efforts for his release from Russia despite concerns over recent arrest of US soldier.

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down

Switzerland has invited more than 160 delegations to next month's Ukraine peace conference, the foreign ministry said Thursday, though Russia is not among them "at this stage".

The OECD also predicted the UK would see the weakest growth across the G7 group of major economies next year