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G7 disappoints with fossil fuel 'loophole'
Leaders of the Group of Seven rich nations on Tuesday watered down a key pledge on ending fossil fuel financing abroad, as the need to tackle global warming clashed with fears over energy shortages. The text reiterates that G7 nations will still halt new public investments in overseas fossil fuel projects by the end of 2022.
G7 takes aim at China over 'market-distorting' practices
G7 leaders on Tuesday condemned China's "non-transparent and market-distorting" international trade practices in an end-of-summit statement billed as "unprecedented" by the United States. A US official called the collective statement "unprecedented in the context of the G7" in acknowledging "the harms caused by China's non-transparent, market distorting, industrial directives".
Red Bull announce 'milestone' move into hypercar market
Red Bull announced on Tuesday its first foray into the exclusive world of the hypercar with a limited production run of 50 starting in 2025. Production on the two-seater hybrid V8 engine producing over 1100bhp will be at Red Bull's Milton Keynes site.
Russia demands Ukraine surrender as G7 vows to make Moscow pay
Russia vowed on Tuesday its assault on Ukraine would continue until Kyiv surrenders, as world leaders warned that Moscow would pay for its aggression. At their summit in the German Alps, the G7 leaders did not go so far as to brand Putin a terrorist -- but they vowed that Russia, already under tough sanctions, would face more economic pain.
At least 49 inmates die in Colombia prison riot and fire
At least 49 inmates were killed and dozens more injured early Tuesday after a fire broke out during a prison riot in southwestern Colombia, the national prisons agency said. In Colombia's neighbor Ecuador, nearly 400 prisoners have been killed in six riots since early 2021.
US likely to avoid recession, but rates need to climb: Fed official
The US economy will slow this year as intended and is expected to avoid a downturn, but the Federal Reserve will have to raise borrowing rates quickly, a top central bank official said Tuesday. "I'm expecting growth to slow this year quite a bit relative to what we had last year," with GDP expanding by 1.0 to 1.5 percent, he said.
Taliban to hold grand council to chart Afghan progress
Hundreds of religious leaders and "people of influence" from around Afghanistan have been summoned to the capital to attend a three-day grand council in support of the country's Taliban rule. "Two of them will be religious scholars and the other a person of influence," the letter said.
German court gives 101-year-old ex Nazi guard five years in jail
A German court on Tuesday handed a five-year jail sentence to a 101-year-old former Nazi concentration camp guard, the oldest person so far to go on trial for complicity in war crimes during the Holocaust. However, Schuetz's five-year sentence is the longest so far handed to a defendant in such a case.
US, Iran chief negotiators to start nuclear talks in Qatar
Chief negotiators from the United States and Iran were due to hold indirect talks in Qatar on Tuesday, bidding to overcome obstacles that have stalled attempts to revive a nuclear deal. "That means indirect talks between Iran and the United States on finding the way how to move forward."
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