Group of Seven

Leaders from the Group of Seven (G7) are set to endorse a voluntary code of conduct for enterprises engaged in developing advanced artificial intelligence technologies.  This move aims to manage the potential risks and misuse associated with AI systems. What Happened: The ...

The Group of Seven (G7) rich nations and Australia have decided to set a fixed price when they finalize a price cap on Russian oil later this month, as against adopting a floating rate, Reuters reported, citing anonymous sources. “The Coalition has agreed the price cap will be a fixed price...

The Group of Seven (G7) finance ministers will hold talks this week on permitting global purchases of Russian oil at a capped price, a move the U.S. believes will ease energy market pressures and reduce overall Russian revenues from crude, reported Bloomberg. What Happened: U.S....

With Greece and its EU creditors still trying to work out the details of an agreement to release the nation's bailout funds just days before Athens is due to make loan repayments, policymakers in other parts of the world are beginning to worry that a Greek exit from the eurozone is becoming a real...

Next week there will be no lack of events with the potential to move markets. The main focus will be on the European Central Bank as most expect the bank to make a policy change at its Thursday meeting. Also notable will be a meeting of the Group of Seven leaders, who are set to meet in...

Brent crude oil jumped after a day of choppy trading on Tuesday. The commodity traded at $107.20 at 3:30 GMT on Wednesday morning as geopolitical tension and hopes that the Chinese economy will pick up buoyed prices. In Libya, oil exports have been depressed to less than half of their normal...

The euro lost some of its momentum on Tuesday morning after world leaders decided to remove Russia from international decision making as punishment for Moscow's annexation of Crimea. The common currency traded at $1.3828 at 5:30 GMT. On Monday, the Group of Seven called an emergency meeting and...

Brent crude oil slid lower on Tuesday after PMI data added to worries about a waning global demand outlook. The commodity traded at 106.63 at 5:20 GMT as the confrontation between the West and Russia helped keep a floor under prices. On Monday, China released worse than expected PMI figures...

Two decades after integrating Russia into international decision making, world leaders gathered at an emergency meeting and decided to remove Russia from the Group of Eight until the nation changes course in Ukraine. In a joint statement following the meeting, the Group of Seven leaders...

The euro traded at $1.38 4:45 GMT on Monday morning as investors re-calibrated expectations for the US Federal Reserve's future plans after a confusing address from Fed Chair Janet Yellen last week. Last week the Federal Reserve elected to continue with its tapering schedule by reducing its asset...