All news on the topic: G7

Tensions have risen between the US and traditional allies like Canada over defense spending, trade, and uncertainty over President Donald Trump’s ceasefire plan in Gaza and efforts to end the war in Ukraine.

The debate about issuing a reparations loan to Ukraine has prompted one burning question: Where exactly are Russia’s immobilised assets?

Chancellor Rachel Reeves has insisted there is "no recession" on the horizon, despite dire economic warnings from the Bank of England and the IMF.

Plans to use a portion of Russia’s frozen central bank assets — worth nearly $300 billion — to support Ukraine have entered the preparatory phase, with the United Kingdom and Canada joining the European Union-led initiative, Bloomberg reported.

Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.