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Martine PAUWELS AFP

G7 decries 'economic coercion' in swipe at China

G7 decries 'economic coercion' in swipe at China

The trade ministers of the Group of Seven leading industrialised nations Wednesday criticised "economic coercion" by powers placing arbitrary restrictions on exports, particularly critical minerals, in a clear swipe at China. While never mentioning China by name, the ministers clearly took aim at Beijing and its stringent export

G7 trade ministers meet, not expected to discuss US tariff threat

G7 trade ministers meet, not expected to discuss US tariff threat

G7 trade ministers opened a meeting in Paris on Tuesday to discuss issues including critical minerals, but were not expected to directly address the latest US threat to impose additional tariffs on European vehicles. The meeting, set to last until Wednesday, is taking place as the Middle East war has

G7 ministers pledge 'necessary measures' to ensure stable energy market

G7 ministers pledge 'necessary measures' to ensure stable energy market

G7 economy and finance ministers Monday said they stood ready to take "all necessary measures" to ensure the stability of the energy market as they tackled the economic consequences of war in the Middle East. The United States and Israel launched strikes on Iran in late February, and

G7 ministers set to tackle financial fallout of Mideast war

G7 ministers set to tackle financial fallout of Mideast war

Ministers from the G7 will hold talks on Monday to unpack the economic consequences of the war in the Middle East, the French government said, as oil and gas prices continue to soar. The United States and Israel launched strikes on Iran in late February and Tehran has hit back

Data canary shows economy already suffering from Middle East war

Data canary shows economy already suffering from Middle East war

Soaring fuel prices due to the Middle East war and snarled supply chains are already hurting businesses, business survey data published Tuesday showed. Now in its fourth week, the war sparked by US and Israeli strikes on Iran has seen global oil prices soar by more than 40 percent as

War fuels fears of new oil crisis

War fuels fears of new oil crisis

Attacks on oil infrastructure in the Gulf region and soaring oil prices are raising the spectre of a new oil crisis, although economists say we’re not quite there just yet. - What is an oil crisis? - An oil shock is generally understood to mean a supply shortage that sparks a