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June 13, 2024 4:50 PM

G7 leaders seek deal to use interest from Russian assets for Ukraine

Leaders of the Group of Seven major democracies started their annual summit on Thursday, many of them under a cloud at home but determined to make a difference on the world stage as they seek to help Ukraine and counter China's economic ambitions. Heading into two days of talks, diplomats said a deal had been agreed in principle on plans to issue $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow launched its invasion of its neighbour in 2022. Wes...

June 13, 2024 1:44 PM

PM Modi departs for Italy today to attend G7 Summit

Prime Minister Narendra Modi departs for Italy on Thursday to attend the G7 annual summit, marking his first trip abroad after assuming office for the third consecutive term. India has been invited as an Outreach Country to the summit, being held in the Apulia region of Italy from June 13-14. The G7 group comprises seven member countries- US, UK, Canada, Germany, Italy, Japan, and France - as well as the European Union. Indian ambassador to Italy, Vani Rao, said that PM Modi will engage with G...

June 13, 2024 11:54 AM

Troubled G7 leaders focus on Ukraine war, China in Italian summit

Group of Seven (G7) leaders start their annual summit on Thursday looking to double down on support for Ukraine in its war with Russia and offer a united face in confronting China's political and economic ambitions. With the Middle East, migration and artificial intelligence (AI) also on a packed agenda, the June 13-15 summit in southern Italy would be taxing for leaders at the best of times, but most of them are also bowed down by their own domestic woes. U.S. President Joe Biden, facing a to...

June 12, 2024 12:51 PM

Hamstrung at home, G7 leaders struggle to resolve global woes

Group of Seven (G7) leaders will fly to southern Italy this week for their annual summit in downbeat mood, confronting myriad woes at home even as they seek solutions for many of the world's most pressing problems. U.S. President Joe Biden faces a polarized electorate and dismal approval ratings ahead of a re-election bid in November while British Prime Minister Rishi Sunak looks certain to lose power in a national vote next month. The leaders of France and Germany are reeling from heavy defea...

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