G7 agrees oil price cap: reducing Russia’s revenues, while keeping global energy markets stable

This article is brought to you in association with the European Commission. The international Price Cap Coalition has finalised its work on implementing an oil price cap on Russian seaborne crude oil. EU Member States in the Council have also just approved in parallel its implementation within the EU. The cap has been set at a […]

Read-out of the meeting of NATO and G7 Leaders on the margins of the G20 Summit in Bali

This article is brought to you in association with the European Commission. Today, the leaders of Canada, the European Commission, the European Council, France, Germany, Italy, Japan, the Netherlands, Spain, the United Kingdom, and the United States met on the margins of the G20 Summit in Bali and released the following statement: We condemn the barbaric […]

Ukraine: International Expert Conference hosted by the Commission and G7 Presidency reaffirms unwavering commitment to support Ukraine’s recovery

This article is brought to you in association with the European Commission. Tomorrow, European Commission President Ursula von der Leyen and Chancellor Olaf Scholz, in his given capacity as German Presidency of the G7, will co-host the International Expert Conference on the Recovery, Reconstruction and Modernisation of Ukraine in Berlin. This conference is another important step in the series […]

Why China shouldn’t become Biden’s scapegoat amidst the war in Ukraine

While the entire world is shocked by the “abrupt” end of peace and prosperity in Europe which was signaled by the recent war in Ukraine, it is interesting to also observe opportunistic campaigns from the West which might further hinder stability in our world. Although sanctions are a powerful diplomacy tool and the EU and […]

The European Union works with G7 partners to promote investments, based on the Global Gateway strategy

This article is brought to you in association with the European Commission. The EU is working closely with its G7 partners to promote sustainable investments worldwide, in line with its newly adopted Global Gateway strategy. The Statement on Partnership for infrastructure and investment issued today by G7 leaders sets out a new approach and concrete steps […]

G7 corporations can align with Paris goals through science-based targets

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Lila Karbassi, Chief of Programmes, United Nations Global Compact Despite the climate ambitions of the G7 nations, no major G7 stock index is on track to meet the Paris Agreement goals. The world’s leading companies need to set […]

The challenge for G7 leaders: vaccinate the world and be bolder on climate

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Paul Polman, Co-Founder and Co-Chair, IMAGINE As G7 leaders meet, the costs of not acting on public health, climate and biodiversity loss are now becoming far higher than the costs of acting. The business community stands ready to […]

G7 Summit: President von der Leyen outlines key EU priorities

This article is brought to you in association with the European Commission. Ahead of the G7 Summit taking place from 11 to 13 June in Cornwall in the United Kingdom, President of the European Commission Ursula von der Leyen outlined the key priorities and initiatives the EU will present in meetings with leaders of world’s key […]

As G7 calls time on coal, have you checked your supply chain?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: María Mendiluce, CEO, We Mean Business At the historic G7 ministerial meeting in May seven of the world’s largest economies agreed to end unabated coal in their domestic power systems in the 2030s. Tackling these goals will require […]

From G7 announcement in August to Paris Peace Forum, Business for Inclusive Growth (B4IG) coalition gains momentum

This article is brought to you in association with OECD. An ambitious initiative against inequality sponsored by French President Emmanuel Macron Powered by the OECD, spearheaded by Danone, and driven forward at the G7 Leaders’ Summit in Biarritz in August 2019, B4IG is a coalition of leading multinational enterprises committed to tackling inequalities and promoting inclusive […]

G7: A serious setback hardly avoided in iconic Biarritz

The G7 yearly summits are supposed to strengthen the unity of the world’s wealthiest democracies vis-à-vis the rest of the world. Not anymore, many say, but this time there is one important exception: Iran. The leaders of France, Britain, Germany, Italy, Canada, Japan and of course the US, met during the weekend in the coastal […]

The EU sides with China against the US; but has Germany capitulated to America?

If billions of EU penalties on American icon companies and U.S. super tariffs on European cars are strong and aggressive trade weapons, then yes the EU and the U.S. are at all out economic war. As in all wars, the difficult or even impossible thing is to predict its end. Unavoidably, there will be victims […]

Move over G7. The future belongs to a more inclusive G20

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Isaac Kwaku Fokuo, Founder and Principal, Botho Emerging Markets Group & Akinyi Ochieng, Esther Ocloo Fellow, Botho Emerging Markets Group June’s G7 meeting in Canada was not exactly a harmonious meeting of minds. While this year’s event was […]

G7 summit: Trump Vs. G6 leaders on trade and climate change

US President Donald Trump continued yesterday his fierceful critic to Canadian Prime Minister Justin Trudeau in the aftermath of last weekend’s G7 summit which took place in La Malbaie, Quebec, Canada with the seven largest advanced economies in the world to discuss about gender equality, women’s empowerment, clean energy, and economic growth that works for […]

‘We face a global emergency’ over oceans: UN chief sounds the alarm at G7 Summit event

This article is brought to you in association with the United Nations. Unless there is a change of course, the amount of plastic waste in the world’s oceans will outweigh the fish that live in them, by 2050, said the United Nations Secretary-General on Saturday, declaring that the world now faces a “global emergency” over the […]

Trump’s denial of Paris climate agreement; the US Republicans lash out against the world

Donald Trump’s withdrawal from the UN Paris Climate Agreement is a major foreign policy step, rather difficult to understand. For one thing, the American environmental industry technologically spearheads the world in this domain. The US is a global leader in electric vehicles production, where mainstream vehicles are one of the major contributors to air pollution. […]

The hostilities in south and eastern Ukraine resume; where could they lead?

The resumption of hostilities in south-eastern Ukraine is blamed by the West to the Russian President Vladimir Putin. Moscow reportedly wants to help the pro-Russian separatists who prevail in the Luhansk and Donetsk region to gain control of Mariupol a key port in this area on the Black Sea. However, the heavy fighting that took […]

Spanish and Polish voters are crying out for an imminent European change while US urge now Germany to change route

The election outcomes in Spain and Poland last week were enough to cause even more uncertainty and turbulences to the already shaken European economy. The European leaders and especially Germany is facing another thorn while they struggle to come to a deal with Greece, which focuses on the austerity policy that is constantly followed by the […]

The G7 fails to agree on growth but protects the big banks

Once more the world got together in the G7 group of the industrialised nations and asked Germany to spend more in order to help the rest of the Eurozone and the globe start growing again. The last time was in Washington during the Spring Conference of the International Monetary Fund and the World Bank, where […]