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G7

G7
The Group of Seven (G7) originated in 1975 as the Group of Six (France, West Germany, Italy, Japan, the United Kingdom, and the United States), representing the largest economies in the world. It was joined by Canada in 1976.
last updated:
9 September, 2024
US Secretary of State Antony Blinken speaks on Tuesday at the G7 foreign ministers’ meeting in Fiuggi, Italy. Photo: Reuters
Joe Biden’s China policy

Blinken urges G7 countries to maintain unity in face of China risks

US secretary of state cites Beijing’s economic policies, human rights record and support for Russia in the war against Ukraine.

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US-China relations

China to court G20 nations amid US-led sanctions over Taiwan: report

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Ukraine war

G7 to take new steps to curb Russian sanctions evasion

Brics

Macroscope | Brics summit vs IMF-World Bank meetings: the global divide is clear

The West and its institutions are deluded if they think ignoring the Global South’s demands and preserving the status quo will work.

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(From front left) Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa and Chinese President Xi Jinping attend a meeting during the 15th Brics Summit in Johannesburg, South Africa, on August 24, 2023. This year’s Brics summit will be the first since the grouping welcomed four new members. Photo: EPA-EFE
China-EU relations

China EV tariff vote leaves EU relieved yet wary of retaliation

Decision to slap duties of up to 35 per cent on mainland imports lays bare divisions in European leadership as complex negotiations continue.

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Middle East

Israel says 8 soldiers killed in deadliest losses on Lebanon front

Hezbollah says it destroyed three Israeli Merkava tanks with rockets near the border town of Maroun El Ras.

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US-China relations

US targets China’s rare earths dominance with minerals-security finance network

Move brings together banking and mining institutions from top minerals producer Australia as well as chip exporters Japan and South Korea.

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A wheel-loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California. Photo: Reuters
Asean

Asian Angle | Southeast Asia and the Global South: rhetoric vs reality

As China, India – and others – vie to be the Global South’s champion, Southeast Asia’s complexities challenge the one-size-fits-all narrative.

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Food and agriculture

G7 under pressure to tackle hunger crisis as heatwave threatens food supply

Observers call for more concrete action from rich nations to ensure food security, say G7’s latest initiative is ‘half-baked’ and lacks details.

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Russia

Russia has ‘significant’ Western funds to retaliate to asset seizure loan plan

Leaders of the G7 agreed at a summit in Italy last week to use interest from Russian assets frozen in the West to provide a US$50 billion loan to Ukraine.

A Russian rouble coin is pictured with US dollar bills. Photo: AFP
Ukraine war

Opinion | Why Ukraine’s peace summit had so little to show for it

The summit, ambitious to begin with, ended up hamstrung by geopolitical complexities and the agendas of Global South powers from China to India.

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Ukrainian President Volodymyr Zelensky turns to Swiss Federal President Viola Amherd during a photo call for leaders at the Summit on Peace in Ukraine, in Stansstad near Lucerne, Switzerland, on June 15. Photo: EPA-EFE
US-China relations

US signals ‘further steps’ loom to halt Chinese exports helping Russia

Top American diplomat said to have ‘made clear’ to senior PRC officials that ‘ensuring transatlantic security is a core US interest’.

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Ukraine war

Opinion | Why Ukraine’s badly needed rebuilding must wait until war is over

While the war sparked by Russia’s invasion of Ukraine is unlikely to end soon, European leaders already have an eye on reconstruction.

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South China Sea

Chinese and Philippine ships collide, first under Beijing’s new coastguard law

Amid Chinese fears grounded Philippine ship will be fortified, Beijing says coastguard intervened in effort to deliver construction material.

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China says a Philippine ship on a supply mission to the BRP Sierra Madre (pictured) “ignored multiple stern warnings from the Chinese side” and caused a collision with its vessel on Monday. Photo: Reuters
Ukraine war

Explainer | How will G7 loan Ukraine US$50 billion using frozen Russian assets?

The deal will give Kyiv a boost in the fight against Moscow’s invasion, but key questions still need to be resolved.

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Ukrainian President Volodymyr Zelensky speaks during a press conference on Thursday on the sidelines of the G7 Summit hosted by Italy. Photo: AFP
Pope Francis

Pope urges ban on lethal AI weapons in historic G7 speech

No machine should ever choose to take the life of a human, the pontiff said, after a series of meetings with world leaders.

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US-China relations

G7 vows action against China’s ‘economic and national security threats’

G7 pledges ‘to protect our workers and businesses from unfair practices’, but welcomes “constructive and stable” relations with Beijing.

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Russia

Zelensky rejects Putin’s ‘Hitler’-like ‘ultimatum’ for truce, drop its Nato bid

Putin on Friday said Russia would cease fire and enter peace talks if Ukraine dropped its Nato ambitions and withdrew forces from 4 Ukrainian regions.

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Volodymyr Zelensky rejected Russia’s demands to withdraw from four regions of Ukraine on Friday, calling them ultimatums and comparing Vladimir Putin to Adolf Hitler. Photo: AFP
Italy

G7 agrees deal to use Russian assets for Ukraine, seeks to counter China

The proposal involves engineering a US$50 billion loan to help Ukraine in its fight against Russia that would use interest earned on profits from Russia’s frozen central bank assets.

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Ukraine war

Biden to sign new security agreement with Ukraine during G7 summit

Fifteen countries have signed on, a US official says, in a bid to send Russia’s Putin a message that he cannot outlast Kyiv’s allies.

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Italy

Explainer | What’s on the agenda at the 2024 G7 summit in Italy?

Italy hosts the annual summit of leaders from the Group of Seven major democracies on June 13-15. Here are key details about the event.

The G7 comprises the United States, Japan, Canada, Germany, France, Italy and Britain. File photo: AFP
Joe Biden

Beset by problems at home, G7 leaders struggle to resolve global woes

Group of Seven leaders meet this week at a sensitive time, with wars raging in Ukraine and Gaza and with Joe Biden, Emmanuel Macron and Rishi Sunak confronting myriad woes at home.

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US President Joe Biden and France’s President Emmanuel Macron. Photo: AFP
US-China relations

US needs Quad allies India, Japan and Australia to reach energy goals: lawmaker

Stronger legislation would better counter China’s monopoly of battery components amid heated EV race, says American senator.

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France

Biden and Macron reach agreement on using Russian assets to help Ukraine

The G7 and European Union are considering how to use profits generated by Russian assets immobilised in the West to provide Ukraine with a large loan.

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US-China relations

US will implore Europe to help keep Chinese supplies from Russian ‘war machine’

Trade between China and Russia surged to a record US$240 billion in 2023, an increase of more than 64 per cent since 2021, before Russia’s invasion of Ukraine.

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Ukrainian rescuers work at a site of a rocket strike near Kharkiv on Thursday. Photo: EPA-EFE
US-China relations

Chinese state media takes aim at US overcapacity claims

The United States is trying to reduce China’s advantages in new energy industries, researcher says.

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A senior macroeconomic researcher says claims that China is exporting its excess capacity in new energy industries are unfounded. Photo: AFP
US-China relations

US at G7 to keep pressing China to halt its Russia military support

Janet Yellen expected to restate American call for firms and financial institutions in China and elsewhere to ‘cease’ backing Moscow’s defence complex.

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United States

US, Europe must respond in ‘united way’ to Chinese overcapacity: Yellen

Washington is concerned that Chinese government support is leading to more production capacity than global markets can absorb, driving cheap exports and stifling growth elsewhere.

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