G7

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

China’s new rules require overseas firms to obtain Chinese government approval before exporting products containing even trace amounts of certain rare earths that originated in China.

G7 set to discuss joint response to China curbs on rare earths

The latest spat between the world’s two largest economies has rattled markets in recent days

Washington has called on its allies to impose tariffs on purchasers of Russian oil such as India and China.

G7 nations say they will target those continuing to increase Russian oil purchases

Russia has faced heavy sanctions from Western powers who have been considering ways to restrict financing for its war efforts

At the Brics meeting this week in Brazil, leaders jointly condemned the "indiscriminate rising of tariffs", in a swipe at US President Donald Trump’s trade policy.
THE BOTTOM LINE

The developing world’s G7 would like a word

The real lesson of the Rio Brics summit is that it isn’t meant to be a forum to be anti-American, but a place where countries bid to lead the Global South