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In a significant diplomatic maneuver that may have far-reaching implications for the international system of alliances, Turkey has submitted a formal request to join BRICS, the group of emerging-market economies, signaling its intent to diversify its partnerships beyond the West.
“We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilised Russian sovereign assets to the benefit of Ukraine,” the draft statement said on Saturday.
STRESA, Italy -- As Group of Seven finance ministers and central bank governors meet in Italy from Thursday, a major topic is the fragmentation of world trade, a problem that U.S. and Europe blame partly on overproduction in China.
MILAN (AP) — Energy and environment ministers of the Group of Seven leading industrialized nations committed Tuesday to phase out coal power by 2035, marking the first time the G7 has explicitly referenced a phase-out, but left flexibility for countries heavily reliant on coal.
TURIN (Reuters) -- Energy ministers from the Group of Seven (G7) major democracies agreed on Tuesday to end the use of coal in power generation "during the first half of (the) 2030s", according to an official communique.
TOKYO -- The Group of Seven major industrialized economies aim to increase global electricity storage capacity 6.5-fold by 2030, according to a draft joint statement of energy ministers, in a push to support the wider use of renewable energy.
CAPRI, Italy, April 19 (Reuters) - Group of Seven (G7) major powers pledged on Friday to bolster Ukraine's air defenses to counter increasingly deadly Russian attacks and told China to stop supporting Moscow's military industry if it wanted good relations with the West.
Millionaire population in the BRICS countries will see a substantial surge over the next decade contributing to the largest increase in wealth across any group of nations, according to a recent report by Henley & Partners.