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G7

G7
The Group of Seven (G7) originated in 1975 as the Group of Six (France, West Germany, Italy, Japan, the United Kingdom, and the United States), representing the largest economies in the world. It was joined by Canada in 1976.
Workers head towards the connection point of the Chinese and Laotian sections of a shared power project on February 5. If China consumes more and saves less, there would likely be less global capital formation. Less infrastructure would be built abroad. Photo: Xinhua
China economy

Opinion | Why the world needs China to save more, not less

The IMF assumes China should save less. China’s saving is key to financing the developing world’s need for green infrastructure.

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ICBMs

G7 ‘concerned’ at Russia and China’s nuclear build-up

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France

Macron woos Trump to G7 summit with French palace dinner. Will he bite?

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China-Africa relations

Can China step in to fill the gap as US pressures allies to snub South Africa?

On the same day South Africa is disinvited from the G7 summit following threats from Washington, Beijing offers tariff-free trade.

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Chinese Vice-President Han Zheng pictured with South African President Cyril Ramaphosa in Cape Town. Photo: Xinhua
US, Israel war on Iran

‘Ukraine’s not America’s war, Iran not our war’: US, G7 diplomats trade barbs

The US secretary of state chided allies for rebuffing Trump’s demand for military help in the Gulf.

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US, Israel war on Iran

Iran warns of US$200 oil as countries reach for emergency reserves

US president declares ‘we won’ the war as chaos in the Strait of Hormuz sends shock waves through energy markets.

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Germany

Germany, Japan to unblock oil reserves as G7 stands ‘ready’ to act

The latest announcement came as G7 leaders were set to discuss the widespread economic fallout from the US-Israeli war with Iran.

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Surplus gas is burnt off in a crude oil processing plant in Germany. The German and Japanese governments will free up some of their national oil reserves. Photo: dpa
Artificial intelligence

Opinion | Who will save the world from a US-China AI arms race?

Unrestrained military AI could doom us all. The window for a global middle-power alliance to rein in the superpowers is closing fast.

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US-China relations

Trump’s ‘vacillating’ China policy causing confidence crisis in allies: report

‘Sweeping destruction – rather than careful reforms and policy corrections – is the order of the day’, Munich Security Report 2026 says.

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Russia

Russian shadow tanker’s Indian captain, crew in French custody

The Grinch is suspected of belonging to Russia’s sanctions-busting ‘shadow fleet’ for the vessel’s failure to fly a flag.

The Grinch oil tanker, intercepted by French navy in the Gulf of Fos-sur-Mer, in Martigues, France, on Sunday. Photo: Reuters
US-China relations

Can US-led bloc ease China’s ‘vice-like grip’ on rare earths?

Washington is working with its allies to accelerate projects in rare earths and diversify their supply in response to China’s export curbs.

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A rare earth mine in Ganxian county in central China’s Jiangxi province. Photo: AP
China trade

Japan firms seen ‘stockpiling’ rare earths as Tokyo looks to G7 amid China row

Amid fears of potential mineral export curbs by Beijing, Japanese industry is bracing, and Tokyo appears keen on a united international response.

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Greece

Greek minister takes over as Eurogroup president, marking historic turnaround

Kyriakos Pierrakakis’ election to head Eurogroup underscores Greece’s remarkable economic performance.

China-EU relations

France’s Emmanuel Macron to meet Xi Jinping during China trip next week

French president will meet his Chinese counterpart as part of a three-day visit from December 3, with two stops in Beijing and Chengdu.

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French President Emmanuel Macron will meet with Chinese President Xi Jinping on a state visit to China next week, travelling first to Beijing and then to Chengdu. Photo: AFP
Diplomacy

Opinion | Why next year’s G20 could be make or break for global development

As the US prepares to chair the G20, it faces a strategic choice: engage or revert to a narrower agenda.

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Illustration: Craig Stephens
Donald Trump

Trump says Canada’s Carney apologised for ad, but trade talks won’t resume

The US president ended negotiations last week over an anti-tariff advertisement that drew from a speech by Ronald Reagan.

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China-EU relations

Von der Leyen vows to strike back against China as EU feels rare earths squeeze

The bloc is ready to use all of the tools at its disposal in response to Beijing’s export controls, commission chief says.

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US-China trade war

The squeeze is on: Beijing and Washington flex muscles as narrative war heats up

With both sides seeking leverage, US frames flare-up as ‘China versus the world’ but finds itself accused of adopting ‘double standard’.

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US Treasury Secretary Scott Bessent (left) and US Trade Representative Jamieson Greer answer reporters’ questions at a news conference in Washington on Wednesday. Photo: AFP
Japan

After India, US tells Japan to stop importing Russian energy

US President Trump said that Indian Prime Minister Modi has pledged to stop buying oil from Moscow.

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Canada

Netanyahu says recognition of Palestinian state a ‘huge reward to terrorism’

Israeli PM said the move by the UK, Canada and Australia ‘will not happen’ and he will formally respond after a meeting with Trump next week.

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Singapore

Recognition ‘likely to harm’ Palestinians, says Singapore minister

K Shanmugam says Singapore is ‘prepared in principle’ to recognise a Palestinian state but doubts it would ‘change facts on the ground’.

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Singapore’s Coordinating Minister for National Security and Minister for Home Affairs K Shanmugam speaks at a summit in Singapore in July. Photo: Reuters
Hong Kong national security law

Police summon father of activist linked to subversive ‘Hong Kong Parliament’

Force asks Alan Keung’s father to report to police station to assist in investigation into his son, an activist based in Canada.

Alan Keung is wanted by police for his involvement in “Hong Kong Parliament”, a group that has been deemed subversive. Photo: Brian Wong
Brics

Opinion | For Brics, it’s a big leap from talk shop to institution of power

The bloc stands at a crossroads: can it become a true alternative to the G7, or is it merely a fractured mirror of diverging interests?

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China-South Korea relations

South Korea’s Lee Jae-myung pledges to improve China, Russia ties

The president says his focus is on pragmatic diplomacy that safeguards the public and national interests.

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Trade

Carney says trade talks with US resume after Canada rescinded tech tax

On Friday, Donald Trump abruptly cut off trade talks with Canada over what he called a ‘blatant attack’ on the US.

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US President Donald Trump and Canada’s Prime Minister Mark Carney at this month’s G7 summit. Photo: AP
World Economic Forum (WEF) in Davos

China urged to step up fiscal support amid Iran-Israel war, trade war risks

Beijing may need to spend more to preserve growth and long-term stability, central bank adviser says.

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Professor Huang Yiping, dean of the National School of Development at Peking University, attends Global Financial Leaders’ Investment Summit at Grand Hyatt, Wan Chai, Hong Kong, on November 19, 2024. Photo: SCMP / Dickson Lee
India

Will India and Canada move beyond ‘past rancour’ and normalise ties quickly?

The positive tone set by Narendra Modi and Mark Carney in Canada is set to lead to closer two-way economic and other ties, analysts say.

China airliners

China’s aerospace drive, Summer Davos and more

This week: Comac sets goal for C929 plane, PBOC outlines steps to boost use of yuan, China woos Central Asia and President Xi calls for de-escalation in the Middle East. Next week: Summer Davos in Tianjin, Nato summit, Trump’s steel tariffs to hit Chinese appliances and more.

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