G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil, a senior U.S. official said on Monday. The announcement came … Read more

G7 aims to raise $600 billion to counter China’s Belt and Road

G7 aims to raise $600 billion to counter China's Belt and Road

SCHLOSS ELMAU, Germany, June 26 (Reuters) – Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. U.S. President Joe Biden and other G7 leaders relaunched the newly renamed “Partnership … Read more

‘Bureaucratic simplifications’: Britain to defy EU with new Northern Ireland law

'Bureaucratic simplifications': Britain to defy EU with new Northern Ireland law

UK to set out legislation on Monday Move risks triggering trade war with EU EU says unilateral action will break international law LONDON, June 13 (Reuters) – Britain will set out plans on Monday to override some of the post-Brexit trade rules for Northern Ireland, changes that will inflame tensions with the European Union but … Read more

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

U.S. President Joe Biden walks across the South Lawn after disembarking from Marine One as he returns from Rehoboth Beach, Delaware, with the first lady at the White House in Washington, U.S., June 5, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 5 (Reuters) – President Joe Biden will … Read more

EU fails to agree on Russia oil embargo, to try again Monday before summit

EU fails to agree on Russia oil embargo, to try again Monday before summit

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 29 (Reuters) – The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead … Read more

Yellen confirms she is pressing Biden for some China tariff reductions

Yellen confirms she is pressing Biden for some China tariff reductions

U.S. Treasury Secretary Janet Yellen speaks as U.S. President Joe Biden holds a meeting with business leaders and CEOs about the debt limit at the White House in Washington, U.S., October 6, 2021. REUTERS/Kevin Lamarque      Register now for FREE unlimited access to Reuters.com Register BONN, Germany, May 18 (Reuters) – U.S. Treasury Secretary Janet … Read more