G-7 set to back pursuing Russian oil price cap, tariff hikes

G-7 set to back pursuing Russian oil price cap, tariff hikes

ELMAU, Germany (AP) — The Group of Seven economic powers are set to announce an agreement to pursue a price cap on Russian oil, aiming to curb Moscow’s energy revenues, a U.S. official said Monday. The move is part of a joint effort of support for Ukraine that includes raising tariffs on Russian goods and … Read more

G7 launches $600bn infrastructure plan to counter China | News

G7 launches $600bn infrastructure plan to counter China | News

The G7 Partnership for Global Infrastructure and Investment will help finance infrastructure projects in developing nations. The leaders of the Group of Seven (G7) nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President … Read more

Biden urges Western unity on Ukraine amid war fatigue

Biden urges Western unity on Ukraine amid war fatigue

ELMAU, Germany (AP) — President Joe Biden and western allies opened a three-day summit in the Bavarian Alps on Sunday intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression. Britain’s Boris Johnson warned the leaders not to give in to “fatigue” even as Russia … Read more

‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’ | Russia-Ukraine war News

‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’ | Russia-Ukraine war News

Chinese President Xi Jinping said the world should oppose unilateral sanctions and efforts by some countries to maintain their political and military power – a veiled shot at the United States and its allies over opposition to the war in Ukraine. Xi’s remarks on Thursday at the virtual meeting of the leaders of Brazil, Russia, … Read more

EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and … Read more

Leviathan: China’s new navy | Military

Leviathan: China’s new navy | Military

The Chinese navy, under instruction from President Xi Jinping, has undergone a modernisation and expansion programme that is nothing short of spectacular. Friday’s launch of its third and most advanced aircraft carrier, the Fujian, for sea trials underscores just how far it has come, and how fast. The first two carriers, the Liaoning and Shandong, … Read more

Floods in India, Bangladesh leave millions homeless, 18 dead

Floods in India, Bangladesh leave millions homeless, 18 dead

DHAKA, Bangladesh (AP) — Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing transport links, authorities said Saturday. In India’s Assam state, at least nine people were killed in the floods and 2 million saw their … Read more

Call for urgent action as Australia faces biodiversity crisis | Environment News

Call for urgent action as Australia faces biodiversity crisis | Environment News

Conservationist Gregory Andrews has warned Australia’s biodiversity is the “worst it’s ever been” and that the new Labor government will have to work hard to address the damage done to the environment. As an Aboriginal Australian from D’harawal Country, Andrews feels driven to care for his country’s land and biodiversity. He was appointed Australia’s first … Read more

Dozens of countries question China at UN over Xinjiang ‘abuses’ | Uighur News

Dozens of countries question China at UN over Xinjiang ‘abuses’ | Uighur News

Dozens of countries have voiced concern about alleged abuses in China’s far western Xinjiang region, and demanded that the United Nations rights chief publish a long-delayed report on the situation there. “We continue to be gravely concerned about the human rights situation in Xinjiang Uighur Autonomous Region,” Paul Bekkers, the Dutch ambassador to the UN … Read more

Biden adviser raises concerns with Chinese diplomat over N Korea | Politics News

Biden adviser raises concerns with Chinese diplomat over N Korea | Politics News

Jake Sullivan told Yang Jiechi that Washington and Beijing can cooperate on North Korea issue, senior US official says. US President Joe Biden’s national security adviser has raised concerns with China’s top diplomat over Beijing’s veto of a United States-led push at the United Nations to impose more sanctions on North Korea, a senior US … Read more