Search results for "G7"
06:36

The EU passed the eighteenth round of sanctions against Russia, dropping the price cap on Russian oil.

Jin10 data reported on July 18 that the European Union has reached an agreement on the eighteenth round of sanctions against Russia, with new measures aimed at further targeting Russia's crude oil and energy industries. Diplomats stated that this round of sanctions will lower the Group of Seven (G7) price cap on Russian oil from $60 per barrel to $47.6 per barrel. EU High Representative for Foreign Affairs and Security Policy Borrell announced on social media platform X: "The EU has just approved the harshest sanctions against Russia to date. We will continue to raise the cost of war until stopping the action becomes Russia's only option."
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22:43

U.S. media: Iran threatened last week that if attacked, it would activate "sleeping agents" within the United States.

Reports indicate that Iran warned the Trump administration a few days before the attack on its nuclear facilities that if it were attacked, it would activate "sleeping agents" lurking in the U.S. to carry out terrorist activities. This information was conveyed through a middleman during the G7 summit in Canada, and Trump left the summit early on June 16 to consider a response plan. Currently, neither the White House nor the Iranian delegation to the United Nations has responded to this matter.
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16:03

US media: Trump was willing to personally go to Turkey to negotiate with Iran, but canceled due to being unable to contact Khamenei.

Trump received a call from Erdogan at the G7 summit, proposing talks with Iranian officials in Istanbul to seek a solution. Trump agreed, but ultimately Iran did not obtain the approval of the Supreme Leader, leading to the cancellation of the talks. Subsequently, Trump called for the evacuation of Tehran. Erdogan emphasized the importance of facilitating direct dialogue with the United States.
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09:34

QCP: The Federal Reserve is expected to maintain stable interest rates, and declining liquidity expectations may put pressure on Bitcoin.

Gate News bot, QCP pointed out in its market analysis that the Israeli-Iraq conflict has entered its sixth day, missile exchanges continue, and a diplomatic breakthrough is far away. G7 leaders have repeatedly called on Iran to resume nuclear talks with the United States. Negotiations were scheduled for this Sunday, but now they seem unlikely. Markets are increasingly concerned about a potential restructuring of the power structure in the Middle East and the implications this could have for regional geopolitics, as the United States, Russia, and China all intervene through proxies. The Strait of Hormuz is a priority. If Tehran is cornered, the disruption or complete blockade of this critical choke point will be a real tail risk. The Strait of Hormuz accounts for a large share of global crude oil shipments, and any supply shock will have a significant impact on inflation. We expect the Fed to keep interest rates steady while taking a hawkish stance, acknowledging that geopolitical instability poses new upside risks to inflation. The Fed is currently expected to cut rates twice in 2025 and two more in 2026. However, our base case is that the Fed is likely to take a more cautious tone in its SEP, which could mean only one rate cut in 2025, in contrast to market expectations. Such adjustments could put pressure on risky assets, including Bitcoin and broader digital assets, due to declining liquidity expectations.
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20:44

Macron warns that violent overthrow of the Iranian regime will lead to regional "chaos".

On June 18, Jin10 reported that French President Macron opposed the violent overthrow of the Iranian regime on Tuesday, warning that it could destabilize the entire Middle East. On the last day of the G7 summit in Canada, Macron told reporters: "The biggest mistake today is trying to change the Iranian regime by military means, as this would lead to chaos." He warned, "No one can say what will happen next. We never support actions that undermine regional stability." Macron mentioned that the forced regime changes in Iraq and Libya by the U.S. and NATO allies were mistakes made in the past that should not be repeated, as they led to subsequent deadly political instability.
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18:13

The hope for a quick resolution to the Israel-Palestine conflict is slim, oil prices rise and the stock market falls.

U.S. stocks fell and oil prices rose as the U.S. expanded its military presence in the Middle East, with little hope of a quick resolution to the Israeli-Iranian conflict. Trump warned that he was losing patience with Iran, called for Iran's unconditional surrender and said he would not target Iran's Supreme Leader Ayatollah Ali Ali Khamenei "for the time being." Trump said earlier after signing the G7 statement calling for peace and stability in the Middle East that he was working to "truly end" the conflict.
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05:33

Trump retorts to Macron: Returning to Washington has nothing to do with the ceasefire between Israel and Hamas.

Gate News bot message, U.S. President Trump posted on social media: "The attention-seeking French President Macron incorrectly claimed that I left the G7 summit in Canada and returned to Washington to push for a 'ceasefire' between Iran and Israel. Wrong! He has no idea what my real reason for going to Washington is, but it certainly has nothing to do with a ceasefire. The reason is far more important than a ceasefire! Whether intentionally or unintentionally, Macron always gets it wrong. Please follow for updates!"
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01:39

U.S. media: Trump proposed a meeting between Vance and Iranian officials.

According to the New York Times, according to a U.S. official, Trump has proposed that Vice President Vance and his Middle East special envoy Vitkov propose a meeting with Iranians this week. The proposal is likely to be welcomed, with Trump saying on Monday: "I think Iran is basically ready to negotiate, they want a deal." "The urgency seems to be on the rise. The White House announced late Monday that Trump would leave the Group of Seven (G7) summit early because of the situation in the Middle East, and it remains unclear what he intends to do. If Vance and Vitkov do meet with the Iranians, a possible Iranian interlocutor would be the country's foreign minister, Abbas Araghchi, officials said. He played a key role in the 2015 nuclear deal with the Obama administration and knows every aspect of Iran's sprawling nuclear facilities. Araghchi, who has been Vitkov's counterpart in recent negotiations, expressed his willingness to reach an agreement in a statement on Monday:
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01:14

The United States and Japan failed to reach a trade protocol at the G7 summit.

According to the Gate News bot, Bloomberg reported that U.S. President Trump and Japanese Prime Minister Shigeru Ishiba failed to reach a trade agreement during the G7 summit. Ishiba hopes Trump will eliminate the 25% tariff on Japanese cars and the 24% reciprocal tax on other Japanese imports. These tariffs have been suspended until July 9.
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23:56

Trump shortened the G7 summit agenda and returned to Washington.

U.S. President Trump announced that he would shorten the schedule of the G7 summit and return to Washington early to address the crisis in the Middle East. The White House emphasized that Trump achieved results at the summit, but decided to leave after dinner due to the escalation of the conflict between Israel and Iran.
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15:21

G7 leaders call for Israel and Iran to ease tensions

Jin10 data June 16 news, according to two sources and a draft, G7 leaders have a draft joint statement calling for a de-escalation of the conflict between Israel and Iran. Sources said that U.S. President Trump has not yet signed the draft. The draft also promises to maintain market stability, including in the energy market, and states that Israel has the right to self-defense.
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13:13

Canadian fighter jets intercepted a plane that intruded into the area where the G7 summit was being held.

On June 16, the North American Air Defense Command (NORAD) intercepted a plane that intruded into the no-fly zone where Canada's G7 summit was held, and a special team set up by the Canadian police to ensure the safety of the event reported the situation. A private jet reportedly entered restricted airspace over Alberta. Canada's NORAD forces dispatched CF-18 Hornet fighters to intercept it. Security said no further details would be provided as the investigation into the incident is still ongoing. The G7 summit will be held in Kananaskis, Canada, on June 16-17 and was originally scheduled to open on June 15.
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09:24

The G7 group may agree to promote a draft for the development of artificial intelligence.

Gate News bot message, according to a draft document regarding artificial intelligence and quantum technology issues obtained from the Yomiuri Shimbun, G7 leaders will agree to emphasize the promotion of the widespread adoption of artificial intelligence rather than regulation at a summit in Canada on Monday. Trump has expressed support for promoting the development of artificial intelligence. Additionally, at the 2023 G7 Hiroshima Summit, then Prime Minister of Japan Fumio Kishida proposed a comprehensive regulatory framework for the "Hiroshima Artificial Intelligence Process" and continued to advance it at the G7 summit in Italy last June.
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03:36

Breaking news: Iran missile strikes Tel Aviv and Haifa, Israel.

Gate News bot message, on Monday, Iran launched missile attacks on Israel's Tel Aviv and the port city of Haifa, destroying homes and intensifying concerns among world leaders at this week's G7 summit, who fear that the fighting between the two rivals could lead to a broader regional conflict.
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06:29

Australian Prime Minister Albanese will meet with Trump during the G7 summit in Canada.

Jin10 data reported on June 15 that Australian Prime Minister Albanese stated he would meet with U.S. President Trump at the G7 summit in Canada to discuss the AUKUS defense agreement and tariffs. This will be the first face-to-face meeting between the two leaders. "We have indeed arranged a meeting. Obviously, the U.S. President is currently dealing with some issues, but I hope we can have constructive contact," Albanese said.
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05:23

Japanese Prime Minister Shigeru Ishiba had a phone call with Trump, reiterating the demand to cancel tariffs.

According to ChainCatcher news and Jin10 data reports, Japanese Prime Minister Shigeru Ishiba had a phone call with U.S. President Donald Trump on the evening of the 13th, reiterating the request for the complete cancellation of the high tariff measures imposed by the U.S. Ishiba stated, "There has been no change in our position on the request for cancellation." The two leaders confirmed that they would hold talks during the G7 summit in Canada to further deepen discussions on Japan-U.S. cooperation. They also agreed to accelerate consultations among responsible ministers to achieve a consensus beneficial to both Japan and the U.S. This call was proposed by the Japanese side and lasted about 20 minutes. Ishiba mentioned that the reason for the call was that the 14th is Trump's birthday, "Although it was a day early, I wanted to wish him a happy birthday, so I made the call." (Japan Kyodo News)
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01:44

Japan's trade negotiation representative: refuses to reach a partial agreement with the United States.

On June 13, Jin10 reported that Japan's trade negotiation representative, Akizawa Ryo, stated on Friday that Japan will insist on a reassessment of U.S. tariffs and will not accept a partial agreement. "Reaching a partial agreement is impossible. Our goal is to achieve a comprehensive agreement that satisfies both Japan and the United States," Akizawa said to reporters before departing for Washington. Akizawa is preparing to engage in the sixth round of tariff negotiations with the U.S. side in order to conduct final discussions before Japanese Prime Minister Shigeru Ishiba and U.S. President Trump meet during the G7 summit in Canada.
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05:49

Japanese Prime Minister Shigeru Ishiba: Differences still exist and we will not rush to reach a protocol with the United States.

On June 12, Japanese Prime Minister Shigeru Ishiba said that he would not rush to reach a trade deal with the United States that would harm Japan's interests, while an opposition leader said that the prime minister still believes that there are big differences in positions between the two countries. Mr. Ishiba is expected to meet with U.S. President Donald Trump on the sidelines of the G7 leaders' meeting in Canada on Sunday, but Mr. Ishiba said the timing and date of the bilateral talks had not yet been set. "If progress is made before I meet with the president, that's a good thing in itself," Mr. Ishiba told reporters in Tokyo on Thursday. "But the important thing is to reach an agreement that is beneficial to both Japan and the United States. We will not harm Japan's interests by prioritizing a speedy deal. "The prime minister spoke after discussing the US tariffs with the leader of the opposition party. Speaking to reporters after a closed-door meeting, an opposition leader said Shigeru Ishiba said there were big differences in the positions of the United States and Japan. Mr. Ishiba said he could not say where the talks had progressed
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02:20

The G7 summit will discuss for the first time the issue of North Korea stealing encryption assets.

According to the Gate News bot, Japanese Prime Minister Shigeru Ishiba will raise the issue of North Korea's theft of encryption assets and other cyber activities at the G7 summit from June 15 to 17, calling on countries to work together to address the issue. Reports indicate that North Korea is illegally acquiring virtual currency through cyber attacks and using it to develop weapons of mass destruction. Shigeru Ishiba raised this issue at the G7 summit, aiming to cut off North Korea's funding sources by strengthening multinational monitoring systems. This is the first time in the history of the G7 summit that the issue of North Korea stealing virtual currency has been included in the agenda. Source: Kyodo News
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07:38

Sources: The US-Canada trade agreement may be reached before next week's G7 summit.

According to the Toronto Sun, a U.S.-Canada trade deal could be reached at any time next week after a speech by Pete Hoekstra, Trump's new ambassador to Canada. In his speech, Pete Hoekstra said: "I'm optimistic about the current relationship, and I'm even more optimistic about where I think it's going. Although he didn't dwell on the specifics, his words sparked enthusiasm in the audience. One source commented: "The agreement could be reached before the G7 summit on June 15, perhaps as early as next week. Other Canadian sources said that "after Pete Hoekstra's speech, Ottawa knew what they needed to do", that "the next 48 to 72 hours will be critical" and that "Carney's team aims to reach an agreement before the G7 summit".
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07:04

President墨 stated that he has been invited to attend the G7 leaders' summit but has not yet decided whether to attend.

Jin10 data reported on May 29, the President of Mexico, Xi Baume, stated that Canada has invited her to attend the G7 Leaders Summit next month in Alberta, Canada, but she has not yet decided whether to attend. Canada will hold the G7 Leaders Summit from June 15 to 17. The Canadian side has not announced the guests attending the summit nor listed the discussion topics. However, it is widely predicted that U.S. tariffs will be a major topic at this summit.
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05:40

Today's key economic data and events to focus on: May 20, 2025, Tuesday

① TBD G7 Finance Ministers and Central Bank Governors Meeting ② 14:00 Germany April PPI MoM ③ 16:00 Eurozone March Seasonally Adjusted Current Account ④ 20:30 Canada April CPI MoM ⑤ 22:00 Eurozone May Consumer Confidence Index Preliminary ⑥ Next Day 01:00 The Federal Reserve's Musalem Speaks ⑦ Next Day 02:30 NY Crude Oil June Futures Last Trading ⑧ Next Day 04:30 US API Crude Oil Stock for the Week Ending May 16
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02:08

Important events and data forecast for this week: Trump talks with Putin, several officials from The Federal Reserve (FED) speak out.

BlockBeats news, on May 19, the important events and data forecasts for this week are as follows: Monday: Trump spoke with Putin, Zelensky, and NATO member countries; Federal Reserve officials Williams, Jefferson, and Bostic gave speeches; Jen-Hsun Huang attended the Taipei International Computer Show and delivered a speech; Tuesday: G7 finance ministers and central bank governors meeting held until May 22; Wednesday: US API and EIA crude oil inventories for the week ending May 16; UK April CPI and April retail price index; Federal Reserve officials Musalem, Bostic, Hamak, and Daly gave speeches; Thursday: US initial jobless claims for the week, April existing home sales annualized, and EIA natural gas inventory for the week; Federal Reserve official Barkin attended the "Federal Reserve Listens" event; European Central Bank released the minutes of the April monetary policy meeting; Friday: Japan's April core CPI year-on-year; Germany's.
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00:58

Jin10 Data Compilation: Latest Situation Tracking of India-Pakistan Conflict (May 10)

The Pakistani military claims that an Indian attack resulted in 33 deaths, retaliated by shooting down an Indian aircraft, successfully intercepted Indian missiles, launched military operations, and attacked Indian military bases. The Indian side accuses the Pakistani side of using commercial flights as cover. A Saudi minister's visit to Pakistan may aim to mediate. The G7 calls for direct dialogue between India and Pakistan to seek a peaceful resolution.
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02:52

Bloomberg: The G7 may discuss threats related to North Korea's support for encryption attacks in June.

G7 leaders plan to discuss the escalating threat posed by cyber attacks supported by North Korea and the theft of Crypto Assets at the summit in Canada. North Korea raises funds for its regime through cybercrime, which has triggered serious alarms. According to Chainalysis data, North Korean hackers stole $1.34 billion in 2024, accounting for 61% of the total Crypto Assets stolen globally. Hacker techniques have become more complex, making it harder to track stolen funds.
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16:22

The G7 summit will discuss the issue of North Korean Crypto Assets theft.

According to the Gate.io News bot, Bloomberg reports that the Group of Seven (G7) plans to include North Korea's cyber attacks and cryptocurrency theft issues on the agenda at the summit held in Alberta, Canada in mid-June. Data shows that North Korean hackers have stolen billions of dollars from cryptocurrency companies through malicious code attacks. These crypto assets have been used to evade international sanctions and to fund weapons of mass destruction programs.
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11:38

German government: Tariff impacts may lead to stagnation of the German economy this year.

Jin10 data reported on April 24, that the German government lowered its economic growth forecast on Thursday, now expecting the economy to stagnate in 2025 instead of a 0.3% growth, as uncertainties from global trade disputes will hinder economic growth and suppress investment. Germany is the only G7 economy that has not grown in the past two years, and Trump's tariff policy may result in Europe's largest economy experiencing no growth for the first time in history for three consecutive years. Germany's export-oriented economy has fallen into a predicament of weak global demand for its products and foreign companies undermining its competitiveness. By 2026, the German government expects the economy to grow by 1%, slightly lower than the 1.1% predicted in January, and expects some growth under the leadership of incoming Chancellor Merz. Following a decline of 1.1% in 2024, exports are expected to decrease by 2.2% this year, with a growth of 1.3% expected next year.
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08:29

Trump's tariff threat has boosted demand for currency hedging

According to the Financial Times, Trump's repeated tariffs have pushed exchange rate volatility to multi-year highs and boosted demand for foreign exchange hedging products at a time when companies are struggling to adapt to market volatility. In recent days, exchange rate volatility has surged to levels seen during the March 2023 collapse of Silicon Valley Bank and Credit Suisse, according to JPMorgan's G7 and Emerging Markets Exchange Rate Volatility Index. Executives at banks and multinationals say the uncertainty surrounding Trump's tariffs has created more demand for foreign exchange hedging products to offset the impact of sudden exchange rate fluctuations on businesses doing business around the world. Nathan Venkat Swami, head of FX trading at Citigroup Asia Pacific, said that since Trump was elected president of the United States in November last year, demand for hedging products has accelerated due to uncertainty over U.S. trade policy. Swami said, "Trading was live in many parts of Asia in February
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04:37

Uncertainty over tariff policy has led to an increase in demand for currency hedging

Gate.io News bot, according to the Financial Times, the changing tariff policy has pushed exchange rate fluctuations to multi-year highs, and the demand for foreign exchange hedging products has increased significantly in the face of market volatility. JPMorgan's G7 and Emerging Markets FX Volatility Indices show that recent exchange rate volatility has climbed to levels seen during the March 2023 collapse of Silicon Valley Bank and Credit Suisse. Executives at banks and multinationals noted that uncertainty over tariff policy has spurred demand for foreign exchange hedging products to reduce the impact of sharp exchange rate fluctuations on global business. Nathan Venkat Swami, head of foreign exchange trading at Citigroup Asia Pacific, said that since the election of Donald Trump as president of the United States in November last year, uncertainty over U.S. trade policy has led to an acceleration in demand for hedging products. He added: "Trading activity in many parts of Asia declined in February due to the Lunar New Year holiday, but trading volumes resumed to rise in March, with strong corporate hedging activity. "
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16:11

Today's key financial data and events to follow: Wednesday, March 12, 2025

This article is a timetable listing a series of pending and scheduled events, such as OPEC publishing its monthly crude oil market report, the G7 group holding a foreign ministers' meeting, and the US steel and aluminum tariffs taking effect. It also includes various important economic data release dates, such as US CPI data, Canada Central BankIntrerest Rate decision, etc. The overall content is a schedule of important events.
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