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The Latest Breaking News from G7

Trump says US may hit Iran again, claims Tehran wants deal

US President Donald Trump said that the United States may need to attack Iran again and claimed that he had been only an hour away from deciding ‌on a fresh strike before he allegedly postponed the attack. Thousands of people have been killed in Iran, Lebanon and the wider Middle…

France 24

G7 ministers meet in Paris to seek common ground on China and Middle East war

Finance ministers and central bankers from the G7 nations gather on Monday in Paris where they will try and settle differences on everything from the stalemate in Iran, securing supply chains for critical minerals and the oil-price shock. As host, France will try and keep the plates spinning.

Radio France Internationale

G7 finance chiefs seek to tackle imbalances as trade strains unity

Finance ministers from the Group of Seven are meeting in Paris to discuss global economic tensions, trade imbalances and coordination on critical mineral supplies, amid growing geopolitical divisions within the group.

The Economic Times

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Iran War, Inflationary Concerns Loom Over Paris G7 Meet

French President Emmanuel Macron;s priority is to "tackle imbalances," and the summit will also be a platform to discuss key economic issues including America's big budget deficits, dwindling investments in Europe and China's vast trade surplus

International Business Times

World imbalances trouble G-7 in wake of Trump’s China encounter

Global finance ministers convene in Paris to address lopsided world growth, focusing on structural misalignments after the US-China trade summit. France aims to tackle America's deficits, Europe's low investment, and China's trade surplus. Economists warn of systemic crisis without concerted re-balancing efforts.

The Economic Times

Dr Reddy’s launches generic Semaglutide injection, popular weight-loss drug, in Canada

Dr Reddy's Laboratories has launched its generic Semaglutide injection in Canada. This marks a significant step for the company in providing treatment for type 2 diabetes. Canada is the first G7 nation to approve this medication. The launch follows a recent introduction in India. Dr Reddy's aims to expand access…

The Economic Times

‘Massive’ £200bn increase in funds needed to stop land around world turning to dust, UN warns

Exclusive: Some £260bn is required annually to tackle the escalating problem, with only £56bn currently mobilised, amid an increasing risk of forced migration, conflict, and hits to food chains that impact billions of people

The Independent UK

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G7 ministers discuss trade security and China dependence in Paris

G7 trade ministers were holding a second day of talks in Paris on Wednesday as the global economy faced growing pressure from US tariff threats, war in the Middle East and concerns over dependence on Chinese raw materials.

Radio France Internationale

France urges faster methane cuts as emissions remain at record high

France is using its G7 presidency to press for quicker global action on methane, as a major energy report warned emissions from fossil fuels remain stubbornly high.

Radio France Internationale

G7 central banks poised to hold borrowing costs amid concerns over prolonged Iran war

Critical week for global economy as banks expected to issue warnings over conflict driving up prices

The Guardian - UK

Here’s how Canadian households can recession-proof finances as economic uncertainty climbs

Canada’s economic policy uncertainty index has climbed back to levels not seen since the COVID-19 pandemic, a sign that a more volatile period may be taking hold. Income inequality hit a record high last year, and youth unemployment reached 14.6 per cent in September 2025, its highest point since 2010,…

The Conversation

France leaves climate change off G7 environment summit agenda to placate US

G7 environment ministers in Paris have excluded climate change from their agenda to placate the United States, which has withdrawn from global climate agreements.

Radio France Internationale

Newsletter: At first summit without Orbán, Zelenskyy rejects 'symbolic' EU membership

Also in this newsletter: EU approves €90 billion loan for Ukraine after Hungary lifts controversial veto.

Euronews

EU agrees fresh sanctions on Russia but leaves maritime services ban on hold

Due to Greece and Malta's concerns, the full ban on maritime services will be left on hold pending an agreement at the G7 level. The US, however, is going in the opposite direction by providing sanctions relief to Russia.

Euronews

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The Guardian - UK

Taxes on UK workers have risen at fastest rate in rich world, says OECD

Economic body found Britain had the biggest increase in ‘tax wedge’ out of 38 member nations last year

Euronews

EU launches procedure to unblock €90bn Ukraine loan and new Russia sanctions

Hungary's contentious veto on the €90 billion loan for Ukraine is fast approaching its end after the restoration of the Druzhba oil pipeline.

Euronews

Newsletter: EU set to unlock €90 billion for Ukraine after Hungary power shift

Also on today's newsletter: Luxembourgish Foreign Minister Xavier Bettel and former Finnish Prime Minister Sanna Marin joined us.

Euronews

EU optimistic about ending Hungary's veto on €90 billion loan for Ukraine

Brussels is ready to move on with the €90 billion loan for Ukraine as soon as Hungary removes its controversial veto. The resolution could also pave the way for the adoption of a new package of sanctions against Russia.

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International Business Times UK

UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

Euronews

Orbán's defeat and US shift raise hopes to unblock EU sanctions on Russia

After Viktor Orbán's defeat at the polls and Washington's decision to phase out waivers for Russian oil, hopes are rising in Brussels that a package of sanctions against Moscow will finally be unlocked.

Euronews

Trump and Meloni: From close relations to a transatlantic crisis

The relationship between Trump and Meloni was typified by warm handshakes and even warmer words until the US leader did something considered by most Italians to be unthinkable: he criticised the pope.

The Independent UK

As recession looms, Donald Trump desperately needs a deal

THE INDEPENDENT VIEW: Editorial: As red warning lights flash on the world’s economy, the man who claims to be the master of the art of dealmaking has never needed a win more

The Conversation

Canada is producing more graduates than ever — so why is it harder to find a job?

Canada has a paradox at the heart of its labour market. The country leads the G7 for the most educated workforce and is producing more graduates than ever before. Yet for millions of young Canadians, the path from school to stable work has never been harder.

The Guardian - UK

Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser

Evening Standard

IMF slashes UK growth forecast as Britain's economy faces biggest shock of G7 nations due to Iran war

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook

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