Published: June 14, 2021
CARBIS BAY, England - As Group of Seven leaders wrapped their three-day summit here on Sunday, President Joe Biden said democratic governments face a defining challenge: to show they can meet tests such as global health crises and climate change better than autocracies such as China and Russia.
Published: June 13, 2021
CARBIS BAY, England - President Joe Biden is asking leaders of other wealthy democracies to make a unified front against Chinas use of forced labor, arguing Saturday that a stronger line is a moral and practical imperative.
Published: June 11, 2021
LONDON - British Prime Minister Boris Johnson is promising to host the first-ever "carbon-neutral" summit for the Group of Seven this week - seeking to slash the emissions of climate-changing gases by sourcing the vegetables locally, deploying generators powered by hydro-treated vegetable oil, and offsetting the international jet travel by building a composting facility in Vietnam.
Published: June 09, 2021
President Joe Bidens first overseas trip as president will focus on bolstering the availability of Western coronavirus vaccines abroad -- a bid to both counter China and calm tensions with allies whove been at odds with the U.S. over its hoarding of shots and intellectual property rights.
Published: June 06, 2021
The G-7 group of advanced economies announced an historic accord to set a minimum global corporate tax rate on Saturday, taking a first step to reverse a four-decade decline in the taxes paid by multinational corporations.
Published: June 01, 2021
WASHINGTON - Finance ministers from Group of Seven nations meeting in London on Friday are expected to back President Joe Bidens call for a global minimum tax on corporate profits, giving him an early win in a grueling diplomatic campaign that is just beginning.
Published: May 27, 2021
A global agreement that could reshape the tax landscape for the biggest corporations is approaching a crucial first stage as the Group of Seven nations hone in on an accord that might feature both a minimum rate and encompass digital giants.
Published: April 15, 2020
The world's top industrial economies backed plans to help shield emerging and developing markets from the fallout of the coronavirus pandemic, although divisions remain over whether to provide the International Monetary Fund with more resources.