For world's poorest nations, economic outlook is bleak
As interest rates soar and the economy slows, the World Bank sees an 'enduring setback' for developing economies due to high interest rates, war in Europe and the pandemic.
As interest rates soar and the economy slows, the World Bank sees an 'enduring setback' for developing economies due to high interest rates, war in Europe and the pandemic.
As the only G-7 member to have joined Beijing's sprawling global pact, Italy had indicated it would leave. But now Prime Minister Giorgia Meloni says the decision is still up in the air.
Humanitarian leaders say the risk of nuclear catastrophe is the highest 'since the worst moments of the Cold War.'
The Group of Seven's nonproliferation directors expressed alarm that Russia, China and North Korea have all been pushing to expand their nuclear-armed capabilities.
The global demands for peace grow as humanitarian aid workers emphasize the war's devastating effect on children.
G-7 nations pledged to "stand firmly with Ukraine for as long as it takes" while promising more military aid and demanding Russia's immediate withdrawal.
Denmark became the first nation to pledge aid money for U.N.-led "loss and damage" climate funding meant to help vulnerable developing nations.
China calls its partnership with Russia "as stable as mountains" despite some "questions" and "concerns" raised while their leaders spoke at the SCO summit.
Finance ministers from the G-7 said they will impose a price cap on Russian oil to undercut the Kremlin's huge energy profits that pay for its war on Ukraine.
The Group of Seven rich democracies pledged to largely stop relying on coal and other fossil fuels to generate electricity by 2035.
G-7 finance ministers said they agreed to take concrete steps to deepen economic cooperation and respond together against Russia's invasion of Ukraine.
Russia's war in the 'breadbasket of Europe' threatens to cause widespread hunger particularly in Africa and the Middle East, the G-7 warned.
Confirmed cases of coronavirus worldwide topped 200 million with 4.25 million deaths, amid a surge in highly transmissible delta variant infections.
The G-7 summit wrapped up with vows to end the pandemic, fight climate change and incorporate U.S. President Biden's pledge to “build back better."
The U.S. and the U.K. signed a "revitalized" version of the 1941 Atlantic Charter to focus on 21st century risks such as cyber attacks and rising temperatures.
U.S. President Biden reconnected with NATO and the G-7 and told the Munich Security Conference "democratic progress is under assault" around the world.