The G7’s price cap on Russian oil begins to take shape WASHINGTON: The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s... Published 12 Sep, 2022 05:46pm
World Putin says Russia to stop supplying energy if Western price caps imposed VLADIVOSTOK, (Russia): President Vladimir Putin on Wednesday threatened to cut off energy supplies if price caps are... Published 08 Sep, 2022 05:43am
World G7 oil price cap will shrink Russian revenues, ease inflation A G7 proposal to cap the price of Russian oil will shrink Russian revenues and bring down inflation, German Finance... Published 02 Sep, 2022 06:42pm
World Russian oil price cap will ease inflation, harm Moscow’s finances, Yellen says WASHINGTON: U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil agreed by Group of Seven (G7)... Published 02 Sep, 2022 06:36pm
Markets G7 aim to have price cap on Russian oil in place before Dec 5 BRUSSELS: The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place... Published 27 Jul, 2022 06:42pm
Print EU mulls tightening Russia sanctions, Ukraine says cities hit KYIV: The European Union will discuss tightening sanctions against Russia on Monday, as Kyiv accused Moscow of... Updated 18 Jul, 2022 11:30am
World EU to target Russian gold within sanctions: commissioner PRAGUE: The European Union will target Russian gold exports in an update to its sanctions packages due to be... Published 16 Jul, 2022 04:20am
Print US, Japan agree to tackle currency, economic impact of Ukraine war Both sides say war raised exchange rate volatility, which could adversely affect economic and financial stability Published 13 Jul, 2022 05:48am
World China accuses G7 of ‘creating division’ over trade criticism BEIJING: China accused Group of Seven countries on Wednesday of irresponsibly sowing division after the forum... Published 30 Jun, 2022 07:46am
Markets Most Gulf bourses gain, tracking oil, global shares DUBAI: Most stock markets in the Gulf ended higher on Tuesday, tracking oil prices and global shares as China eased... Published 29 Jun, 2022 05:44am
Markets Oil rises 2pc, extends gains as major producers flag capacity limits NEW YORK: Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates... Published 29 Jun, 2022 05:44am
Print G7 discussions with China, India on Russian oil price cap positive WASHINGTON: Group of Seven democracies have had positive and productive discussions with China and India about a ... Updated 29 Jun, 2022 09:58am
World G7 denounces 'war crime' as Russian strike kills shoppers KYIV: A Russian missile strike on a crowded mall in central Ukraine killed at least 18 people in what Group of Seven... Published 28 Jun, 2022 10:01am
Markets Gold rises on weaker dollar, economic concerns LONDON: Gold rose on Monday as the dollar weakened and economic concerns persisted, while an import ban on the metal... Published 28 Jun, 2022 06:10am
Markets Oil prices rise amid G7 talks on new Russian sanctions HOUSTON: Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian... Published 28 Jun, 2022 06:10am
Markets G7 to hike sanctions on Russia, close to oil price cap deal: U.S. Official SCHLOSS ELMAU: The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions... Published 27 Jun, 2022 01:13pm
Print G7 aims to raise $600bn to ‘counter’ China’s Belt and Road SCHLOSS ELMAU, (Germany): Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds... Updated 27 Jun, 2022 09:38am
Print Biden urges G7 to stay together as leaders target Russian gold SCHLOSS ELMAU, (Germany): US President Joe Biden told allies “we have to stay together” against Russia on Sunday... Updated 27 Jun, 2022 09:37am
World G7 aims to raise $600 billion to counter China's Belt and Road SCHLOSS ELMAU: Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five... Published 27 Jun, 2022 12:41am
World Biden, G7 leaders to agree on import ban on Russian gold WASHINGTON: US President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as... Published 26 Jun, 2022 05:44am
Business & Finance UK inflation hits new 40-year high of 9.1% in May, highest in G7 LONDON: Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1%, the... Published 22 Jun, 2022 11:36am
Business & Finance Pound extends fall LONDON: The British pound fell against the US dollar on Tuesday, wrapping up five months of straight losses for the... Published 01 Jun, 2022 05:53am
World G7 calls on OPEC to play key role to ease global energy supplies BERLIN: Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global... Published 27 May, 2022 08:32pm
Print G7 mulling Russian asset seizures to help rebuild Ukraine BERLIN: Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, ... Published 21 May, 2022 04:34am
World Yellen says G7 to give Ukraine funds it needs ‘to get through this’ KOENIGSWINTER: U.S. Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide... Published 20 May, 2022 12:53am
World G7 finance ministers to thrash out Ukraine aid plan KÖNIGSWINTER: G7 partners meet Thursday hoping to find a solution for Kyiv’s budget troubles as the fallout from... Published 19 May, 2022 11:50am
Opinion Hungary holds up EU plan to ban Russian oil The European Union’s hopes to quickly impose a ban on Russian oil imports could be dashed after Hungary demanded... Published 15 May, 2022 05:35am
Print G7 criticises India decision to stop wheat exports STUTTGART: Agriculture ministers from the Group of Seven industrialised nations on Saturday condemned India’s... Published 15 May, 2022 05:35am
World G7 foreign ministers vow to continue economic pressure on Russia WEISSENHAUS: Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political... Updated 14 May, 2022 05:51pm
World Yellen to meet Polish prime minister at start of trip to G7 finance meeting WASHINGTON: U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday... Published 13 May, 2022 11:08pm