g7
Italian Prime Minister Giorgia Meloni has crafted a charismatic persona for herself since taking office. Since October 2022, the leader of the far-right Fratelli d'Italia party has become internationally known for her exuberant manner when greeting foreign counterparts, encouraging them to pose for selfies with her at what are normally stiff and staid multilateral events. It’s a persona that has helped soften her reputation as a hardline right-winger, at least on the international stage. But as Italy’s turn came to host the annual G7 summit this week, an array of problems sprung up to embarras...
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Before flying to Italy's southern Puglia region to meet world leaders at the G7 summit, Pope Francis hosted a very different audience at the Vatican today, celebrating the importance of humour. The pontiff welcomed more than 100 comedians from 15 nations, including US celebrities Whoopi Goldberg, Stephen Colbert, Chris Rock, Conan O’Brien and Jimmy Fallon. “In the midst of so much gloomy news, immersed as we are in many social and even personal emergencies, you have the power to spread peace and smiles,” Francis told the comedians. “You unite people, because laughter is contagious,” he continu...
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G7 leaders' deal on Thursday to use the profits of frozen Russian assets to secure a €46 billion loan to support Ukraine has already been described as "historic". The joint effort to show Russia’s President Vladimir Putin that the world’s leading industrial democracies stand by Ukraine was also behind the long-term agreement signed on Thursday to strengthen Ukraine's defences against Russia’s invasion. "It’s a strong signal we are sending to Putin, showing him that he cannot win," European Commission President Ursula von der Leyen said as she spoke to the press on the summit’s sidelines. Toget...
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Ukraine’s president Volodymyr Zelenskyy has thanked the leaders of the G7 countries for agreeing to keep sanctioned Russian assets locked up until Moscow pays reparations for its invasion of Ukraine. That agreement has paved the way for €46 billion loan package for Kyiv. "We reached a political agreement to provide additional financial support to Ukraine, of around $50 billion (€46 billion), by the end of the year with a system of loans," said Italy's Prime Minister Giorgia Meloni, who is hosting the summit in the southern region of Puglia. Funding for the loan would come from interest earned ...
Euronews (English)
Leaders of the G7 nations have agreed to support a €46 billion US loan to help Ukraine in its war against Russia. Funding for the loan would come from interest earned on profits from Russia’s frozen central bank assets. Details of the deal were still being finalised as G7 leaders gathered for a summit in Italy, but the funds could reach Kyiv before the end of the year. That's according to a French official who confirmed the agreement on Wednesday ahead of a formal announcement. Most of the money would be provided in the form of a loan from the US government that would be backed by windfall pro...
Euronews (English)
Leaders of the G7 group have agreed to engineer a €46 billion loan to help Ukraine in its fight for survival that would use interest earned on profits from Russia’s frozen central bank assets as collateral. Diplomats confirmed that an agreement had been reached on the deal before the leaders even landed in southern Italy for the three-day summit. Ukrainian President Volodymyr Zelenskyy will be on hand and is expected to sign a separate bilateral security agreement with US President Joe Biden. In the meantime, Pope Francis will become the first leader of the Catholic Church to address a Group o...
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Given the urgent time frame to achieve the Sustainable Development Goals by 2030, more must be done. The Group of Seven (G7), the informal grouping of the world’s largest developed economies, will be pivotal in leading the international community in prioritising ending energy poverty and accelerating a clean energy transition in line with Sustainable Development Goal 7, which calls for clean and affordable energy for all. Indeed, the G7 Leaders’ Summit is set to take place in Fasano, Italy, and this week is a watershed moment for achieving this collective target. All eyes will be on the leader...
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The US said it would provide an additional $275 million (€253m) in military aid for Ukraine as Kyiv struggles to hold off Moscow's offensive in the east. Secretary of State Antony Blinken called the package "part of our efforts to help Ukraine repel Russia’s assault near Kharkiv." “Assistance from previous packages has already made it to the front lines, and we will move this new assistance as quickly as possible so the Ukrainian military can use it to defend their territory and protect the Ukrainian people,” he said in a statement. “The United States and the international coalition we have as...
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At a G7 meeting in Italy, U.S. Treasury Secretary Janet Yellen urged for unlocking $260 billion in frozen Russian assets to aid Ukraine. As Kyiv's finances weaken amid ongoing conflict, urgent solutions are needed. Yellen also called for a unified stance against China's state subsidies impacting global manufacturing. Final decisions are expected at the G7 summit in Fasano, Italy, on June 13-15.
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G7 countries have agreed to phase out coal power during the first half of the 2030s. The Environment, Energy and Climate G7 meeting concluded on Tuesday at the Palace of Venaria in Turin. The focus of the summit was green transformation and addressing climate change, pollution, the energy crisis and biodiversity loss. In a statement issued at the end of the two-day conference, the G7 countries said they have jointly agreed to "phase out existing unabated coal power generation in our energy systems during the first half of 2030s or in a timeline consistent with keeping a limit of 1.5C temperatu...
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