Tag: G7

No G7 consensus on fresh Syria sanctions: Italy’s Alfano

LUCCA, Italy (AFP) — G7 foreign ministers have failed to agree on whether fresh sanctions should be imposed on Syrian President Bashar al-Assad or his ally Russia, Italy’s Foreign Minister Angelino Alfano said Tuesday. “At the moment there is no consensus on new sanctions as an effective instrument,” he said at the close of a two-day meeting in Italy, after his British counterpart Boris Johnson raised the issue with the Group of Seven. “There are […]

G7 to communicate over Brexit

  Tokyo, Japan—Japan said Friday it would communicate with its G7 counterparts over Britain’s decision to quit the European Union, as a report said the group would hold a conference call later Friday. The club of rich nations — which earlier warned that Brexit could have disastrous economic consequences — has yet to issue a formal response to the shock vote that sent financial markets into a tailspin. Japan’s Finance Minister Taro Aso declined to […]

Global growth tops agenda as G7 meeting kicks off in Japan

by Hiroshi Hiyama SENDAI, Japan (AFP) – Divisions over reigniting global growth were set to surface at the G7 in Japan Friday, with US Treasury Secretary Jacob Lew expected to stand firm over any action threatening a currency war. Two days of talks will see host Japan keen to win an endorsement for its position that fiscal stimulus is the way to kickstart the world economy, after a rally in the yen hit exporters and worsened a […]