The G-7 leaders say they are ready to further intensify sanctions against Russia if they do not deescalate in regards to Ukraine, reports CNBC's Steve Liesman.» Read More
OTTAWA, July 26- It is hard to envisage how Russia could ever be allowed back into the Group of major industrialized nations, given Moscow's aggression in Ukraine, Canadian Prime Minister Stephen Harper said on Saturday. Russia formally joined the G7 in 1998, when the body was renamed the G8.
BERLIN, June 29- German Finance Minster Wolfgang Schaeuble has urged the Group of Seven leading industrialised nations to push on with budget consolidation and reforms, days before Germany takes over presidency of the group.
Leaders of the G7 committed themselves to eight far-reaching accords that would encompass more than 80 percent of the world's economy but that effectively sideline China and Russia and have met with protests, particularly in Europe.
Leaders of the G-7 are turning their attention during the concluding day of their summit to spurring growth and jobs.
LONDON, May 8- The Bank of England looks set to keep interest rates at a record low on Thursday, despite signs that the recovery is picking up more speed and that house prices are surging. Britain is likely to grow faster than any other Group of Seven economy this year and expectations are building that the BoE might raise borrowing costs sooner than it has signalled.
ROME, May 6- Europe will be saddled with its dependence on Russian gas for years, ministers from the Group of Seven industrial nations said on Tuesday, condemning the use of energy as a weapon of political coercion.
ROME, May 6- There is no quick fix for Europe's energy dependence on Russia, Germany's Economic Affairs and Energy Minister said on Tuesday as G7 energy ministers readied a statement on the need to diversify energy supplies.
Sanctions are in place and tensions remain high as G-7 leaders meet to discuss Russia's power grab in the Ukraine and the possibility of relaxing current gas export rules to the EU from the U.S., reports CNBC's Annette Weisbach.
NATO and the U.K. have called on Russia to "de-escalate tensions", as the Ukrainian acting foreign minister, Andriy Deshchitsya, says Russia has rejected calls for negotiations and consultations.
Edward Nusbaum, CEO at Grant Thornton, explains why business optimism is stronger in G7 countries than in emerging markets, reversing the trend from the previous year.
Alexander Mirtchev, board director at Atlantic Council, reviews the G8 meeting, its policy implications and what the main issues discussed were.
Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.
OECD Secretary General Angel Gurria, discusses the G-8, its pledge to reform corporate tax rules and Russia's importance in the debate on Syria.
Nick Parsons, head of strategy at National Australia Bank, questions whether the U.K. really wants to reform its corporate tax rules, and discusses market's resilience to the unrest in the Arab world.
Bob Parker, senior advisor at Credit Suisse, says EU-U.S. trade talks are positive as there has been an increase in protectionist measures in the past few years.
Tina Fordham, senior political analyst at Citi, comments on the U.S.'s decision to arm Syrian rebels and says that while leaders agree that tax issues need to be tackled, it will be very difficult for them to agree on a common framework.
Chuck Todd, chief White House correspondent for NBC, discusses the upcoming G8 meeting and explains why it feels like it's really just the G7 against Russia.
Two days of accommodation at a lakeside golf hotel in Northern Ireland don't come cheap- and Britain has irritated its fellow Group of Eight states by sending them hefty advance bills for the summit it is hosting there.
Harris Georgiades, Cyprus finance minister, comments on Cypriot reforms, discussions with Russia, capital controls and why he expects the first installment of the bailout shortly.
Henning Meyer, senior visiting fellow for the department of government at London School of Economics, discusses whether a treaty change is necessary for a European banking union.