• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
British Prime Minister Rishi Sunak, Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, German Chancellor Olaf Scholz, Italian Prime Minister Giorgia Meloni, Japanese Prime Minister Fumio Kishida, Italian President Sergio Mattarella, European Commission President Ursula von der Leyen and European Council President Charles Michel pose for a family photo as theyarrive to attend a dinner at Swabian Castle in Brindisi, Italy, June 13, 2024. Italian Presidency/Handout via REUTERS
British Prime Minister Rishi Sunak, Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, German Chancellor Olaf Scholz, Italian Prime Minister Giorgia Meloni, Japanese Prime Minister Fumio Kishida, Italian President Sergio Mattarella, European Commission President Ursula von der Leyen and European Council President Charles Michel pose for a family photo as theyarrive to attend a dinner at Swabian Castle in Brindisi, Italy, June 13, 2024. Italian Presidency/Handout via REUTERS
European Council President Charles Michel, his wife Amelie Derbaudrenghien, Britain's Prime Minister Rishi Sunak, France's President Emmanuel Macron, Prime Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, European Commission President Ursula von der Leyen, Heiko von der Leyen, German Chancellor Olaf Scholz, his wife Britta Ernst, Italian President Sergio Mattarella, Japanese Prime Minister Fumio Kishida and his wife Yuko Kishida attend a dinner at Swabian Castle in Brindisi, Italy, June 13, 2024. Italian Presidency/Handout via REUTERS
European Council President Charles Michel, his wife Amelie Derbaudrenghien, Britain's Prime Minister Rishi Sunak, France's President Emmanuel Macron, Prime Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, European Commission President Ursula von der Leyen, Heiko von der Leyen, German Chancellor Olaf Scholz, his wife Britta Ernst, Italian President Sergio Mattarella, Japanese Prime Minister Fumio Kishida and his wife Yuko Kishida attend a dinner at Swabian Castle in Brindisi, Italy, June 13, 2024. Italian Presidency/Handout via REUTERS
German Chancellor Olaf Scholz and his wife Britta Ernst arrive to attend a dinner at Swabian Castle in Brindisi, Italy, June 13, 2024. Italian Presidency/Handout via REUTERS
German Chancellor Olaf Scholz and his wife Britta Ernst arrive to attend a dinner at Swabian Castle in Brindisi, Italy, June 13, 2024. Italian Presidency/Handout via REUTERS
U.S. President Joe Biden, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, and European Commission President Ursula von der Leyen look on during a skydiving demonstration on the first day of the G7 summit, in Savelletri, Italy, June 13, 2024. REUTERS/Yara Nardi
U.S. President Joe Biden, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, and European Commission President Ursula von der Leyen look on during a skydiving demonstration on the first day of the G7 summit, in Savelletri, Italy, June 13, 2024. REUTERS/Yara Nardi
U.S. President Joe Biden and Ukrainian President Volodymyr Zelenskiy shake hands on the day of signing a new security agreement between the United States and Ukraine, in Fasano, Italy, June 13, 2024. REUTERS/Kevin Lamarque
U.S. President Joe Biden and Ukrainian President Volodymyr Zelenskiy shake hands on the day of signing a new security agreement between the United States and Ukraine, in Fasano, Italy, June 13, 2024. REUTERS/Kevin Lamarque
Home
World
World

China to dominate final day of G7, Pope to lead AI discussions

June 14th, 2024 | 00:05 AM WORLD 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor says
US debt crosses $40 trillion threshold after doubling under Trump and Biden
UN's Guterres seriously concerned by US sanctions on ICC
Trump taps White House adviser Overton to lead FDA
By Crispian Balmer, Angelo Amante

Group of Seven (G7) leaders hold a final day of talks at their annual summit on Friday, with China topping the agenda before Pope Francis puts in a historic appearance to discuss artificial intelligence (AI).

The pope will be joined by 10 other heads of state and government, including the prime minister of India and the king of Jordan, as the G7 throws open its doors to outsiders to show it isn't an aloof, exclusive club.

During the first day of their meeting in southern Italy, the G7 nations agreed on a deal to provide $50 billion of loans for Ukraine backed by interest from frozen Russian assets - hailing the accord as a powerful signal of Western resolve.

Although many details still need to be worked out, G7 members - the United States, Canada, Japan, Germany, France, Italy and Britain - and the European Union (EU) are expected to contribute to the loan, with cash to reach Kyiv by the end of the year.

"This is a very historic step we're taking today," said German Chancellor Olaf Scholz.

"It is also a clear signal to the Russian President (Vladimir Putin), that he can't just sit this out and hope that fiscal problems in a country that backs Ukraine will one day let him win this war," he added.

While Ukraine dominated the first day of talks, China will be the key issue on Friday morning.

Leaders are expected to voice concern about China's excess industrial capacity and its support for Russia.

The U.S. this week imposed fresh sanctions on China-based firms supplying semiconductors to Russia, amid worries over Beijing's increasingly aggressive stance against Taiwan and run-ins with the Philippines over rival maritime claims.

"China is not supplying weapons (to Russia) but the ability to produce those weapons and the technology available to do it, so it is in fact helping Russia," U.S. President Joe Biden told reporters at the summit after signing a bilateral security pact with Ukrainian President Volodymyr Zelenskiy.

On Tuesday, the EU announced it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing, which vowed to take measures to safeguard its interests.

However, there are differences within the G7 over how to counter Chinese state subsidies, with Europe anxious to avoid an all-out trade war with Beijing.

PAPAL AUDIENCE

Besides his speech on AI, the Pope will hold multiple bilateral meetings, including with Biden, Zelenskiy and Turkish President Tayyip Erdogan.

"It is a historic day. We will welcome the Holy Father. It is the first time for a pontiff at a G7. I am proud it will happen under the Italian presidency," Italian Prime Minister Giorgia Meloni told reporters on Thursday.

Leaders will also discuss immigration, a crucial issue for Meloni who is pushing Europe to help her curb illegal flows from Africa and has launched a flagship plan to boost development in the continent to tackle the root cause of the departures.

Many of the leaders will leave Italy late on Friday, including Biden, and Meloni said they had already agreed on the summit's conclusions, to be approved at the end of the day.

On Saturday, there will be room for bilateral meetings for those staying on, ahead of a final news conference from Meloni.

  • Topic
  • G7
  • SUMMIT/ (PIX, TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor says

Related Posts

World
August 19th, 2026

Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor...

World
August 19th, 2026

US debt crosses $40 trillion threshold after doubling under Trump and Bi...

World
August 19th, 2026

UN's Guterres seriously concerned by US sanctions on ICC

World
August 19th, 2026

Trump taps White House adviser Overton to lead FDA

World
August 19th, 2026

US, Canada trade negotiators meet after Trump sets new tariff deadline

World
August 19th, 2026

US warns Siemens devices can be hacked amid fears Iran is breaching wate...

The Wire
Aug 20th 5 h ago
Investigates

In China, rocket launches fuel tourism and space-age dreams

Aug 19th 6 h ago
Asia Pacific

Japan exports rise 23.2% year/year in July

Aug 19th 6 h ago
Baseball

D-backs score twice in 10th, salvage series finale at Red S...

Aug 19th 7 h ago
Government

US tells schools not to alter discipline policies to reduce...

Aug 19th 7 h ago
Transactional

China tax crackdown forces wealthy investors to assess thei...

TRENDING ON FINANCETIME
Aug 19th, 2026 Tennis

Paul ousts top seed Zverev to reach Cincinnati quarter-finals

Aug 19th, 2026 Litigation

AIA Group's first-half new business value rises 10%

Aug 19th, 2026 Energy

Brazil's largest thermal power plant shut down after equipment failure

Aug 19th, 2026 United Kingdom

Key moments in Prince Harry and Meghan's six years in California

Aug 19th, 2026 Sports

Orioles reinstate C Samuel Basallo (shoulder) to active roster

Markets-Sectors
ENERGY -0.16%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT