New G7 infrastructure plan offers alternative to China Belt & Road

The Group of 7 has announced a new infrastructure financing program that could rival China’s Belt and Road Initiative. One expert says the G-7 plan offers hope to developing countries, but whether it can match the BRI remains to be seen. On Sunday, United States and the other members of the G-7, including Canada, Germany … Read more

G-7 to back pursuit of Russian oil price cap and tariff hikes

ELMAU, Germany (AP) — The Group of Seven economic powers are pledging long-term support for Ukraine, and the United States is preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv. The leaders are also set to announce a deal to seek a cap on the price of Russian oil, raise tariffs … Read more

G7 nations announce Russia gold ban as summit kicks off under shadow of war

Gold ban targets ‘Putin’s war machine,’ says British PM Oil import price cap also under discussion, says German source The G7 also aims to tackle rising energy prices SCHLOSS ELMAU, Germany, June 26 (Reuters) – Members of the Group of Seven wealthy nations announced a ban on Russian gold imports on Sunday as the G7 … Read more

EU plans for a life without Russian gas amid rising inflation

‘The notion of cheap energy is gone,’ says Latvian PM Inflation in the euro zone has skyrocketed to record highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders warned on Friday that “cheap energy is over” and agreed to boost preparations for further Russian gas cuts, … Read more

Stocks moderate their inflation expectations due to the blow to copper

S&P futures up 0.9%, European stocks gain 1.5% MSCI Global Shares Target 2.5% Weekly Gain Copper falls more than 7% in the week, oil falls 2% German 10-year bond yield falls 4 bps LONDON, June 24 (Reuters) – Global stocks were headed for their first weekly gain in a month and Wall Street was set … Read more

PM calls for urgently addressing shortages of medicines and medical supplies | Health

Prime Minister Pham Minh Chinh. Photo : VNA Hanoi (VNA) – The Government Office held a meeting on the supply of medicines and medical supplies and solutions to ensure human resources for the health sector on June 23 in Hanoi, under the auspices of Prime Minister Pham Minh Chinh. The Government Office and leaders of … Read more

Elizabeth Warren to Fed Chairman Jerome Powell: Don’t ‘Drive This Economy Off a Cliff’

During a Senate Banking Committee hearing on Wednesday, Democratic Sen. Elizabeth Warren urged Powell to proceed cautiously with rate hikes and avoid triggering a recession that would cost millions of jobs. Warren asked Powell if the Fed’s rate hikes will lower gasoline prices, which hit record highs this month. “I don’t think so,” Powell said. … Read more

5 things to know before the stock market opens on Tuesday, June 21

Here are the most important news, trends and analysis investors need to start their trading day: 1. Wall Street prepares to rebound after worst S&P 500 hunt since 2020 The Wall Street sign is seen with American flags outside the New York Stock Exchange. Yuki Iwamura | AFP | Getty Images dow futures it jumped … Read more

Biggest rail strike in 30 years brings UK to a standstill

More than 40,000 railway workers on strike Government under pressure over cost of living crisis Unions say strike may kick off ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s biggest rail strike in 30 years began on Tuesday as tens of thousands of employees walked out in a dispute over wages and jobs that … Read more