G7 aiming for price cap on Russian oil by Dec 5
The G7 want the price on Russian crude to be set by members of the buyers' cartel at a level above Russian production costs, so as to provide an incentive for the Kremlin to keep pumping, but much below the current high market prices.
G7 touts US$600 billion global infrastructure plan to rival China
With the investment target largely aspirational, a senior US official acknowledged that the West is currently in second place behind China.
G7 ministers meet as new Covid strain spreads around the globe
Omicron, first discovered in southern Africa, represents a fresh challenge to global efforts to battle the pandemic.
WHO warns virus quicker than vaccines
Global health leaders also warn that G7's pledge to share a billion doses is too little, too late.
World leaders promise one billion Covid jabs for poorer nations
The group also made a commitment to build the frameworks to prevent and fight future pandemics.
G7 group expected to donate 1 billion Covid-19 vaccine doses to poorer countries
Some campaign groups are already condemning the plan as a drop in the ocean.
‘Urgently needed’ Global Pandemic Radar on agenda for G20 Rome health summit
Drugmakers are also set to announce they will provide large supplies of at-cost Covid-19 vaccines to poor nations this year to try to redress a global imbalance.
Scare at London G7 as Indian delegates test positive for Covid-19
The talks this week are the first face-to-face meetings the G7 powers have had in more than two years.