G7

Bank of England Governor Andrew Bailey, US Treasury Secretary Scott Bessent and Banque de France Governor Francois Villeroy de Galhau pose with attendees at a G7 meeting in Paris, France, May 18, 2026.

G7 finance ministers agree need for action on economic imbalances

[PARIS] G7 finance ministers agreed on Tuesday on the need for action to tackle trade imbalances in a fragmented global economy, saying the current situation was unsustainable, but were light on plans...

Banque de France Governor Francois Villeroy de Galhau and French Minister for Economy, Finance, and Industrial, Energy and Digital Sovereignty Roland Lescure speaks to the media at the IMF/World Bank 2026 Spring Meetings in Washington, D.C., April 16, 2026.

G7 finance chiefs say it is urgent to limit Middle East war’s cost to global economy

[WASHINGTON] Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and “reaffirmed the pressing need to mov...

Japanese PM Sanae Takaichi says she has no immediate plans to ask households and businesses to cut energy use.

Japan finance minister vows close G7 coordination as market volatility persists

Analysts say the sell-off in JGBs reflects growing unease over the country’s rising fiscal spending

French President Emmanuel Macron (above) may be able to navigate a way through the disagreements, given his previous ability to befriend US President Donald Trump at key moments.

G7 gears up for growing role in Iran crisis

But potential divisions over various issues may pose the gravest test to allied unity in 50 years

The war has led to producing giants lowering their output and the effective closure of the Strait of Hormuz, the oil market’s most important trade artery.

G7 ready to release oil stocks if needed but ‘not there yet’

Coordinated releases of strategic stockpiles have been carried out only five times before

US Treasury Secretary Scott Bessent expressed optimism that countries would pursue "prudent de-risking over decoupling" from China.

G7, other allies discuss ways to reduce dependence on Chinese rare earths

China dominates the supply chain, refining between 47 and 87% of copper, lithium, cobalt, graphite and rare earths

China is the world’s dominant supplier of rare earths, helping Beijing last year counter punitive tariffs from the Trump administration by restricting their export.

US to host meeting on rare earths as China-Japan spat simmers

The discussions are expected to also include officials from Australia, South Korea, India, Mexico and the European Union

Bessent has been pressing for a separate meeting on the issue since a G7 leaders summit in Canada in June.

US to push for quicker action in reducing reliance on China for rare earths

G7 members remain heavily dependent on critical minerals from China