Hiroshima in Japan is all set to host the Group of Seven, better known as G7 for its annual summit. The summit will bring together leaders of seven of the most economically powerful countries of the world in one place this weekend. The G7 Summit is an annual gathering of world leaders, including those of the European Union (EU) and its member states. Japan is playing the host for this year's G-7 conference, Each member of the G7 gets the presidency on a rotational basis. Off-late, leaders from a few non-G7 nations and international organisations have also been invited to take part in some sessions.
18 May 2023Although Donald Trump says the tariffs are necessary to protect US industry, Canada and the European Union have denounced them as illegal and are preparing retaliatory measures
1 min read8 Jun 2018Donald Trump changes his mind often enough that US allies and rivals alike hope he will do just that on tariffs in the next few days
5 min read4 Jun 2018US partners in G7 club vow to press ahead with efforts to contain devastating climate change despite a rift caused by American withdrawal from the Paris agreement
3 min read12 Jun 2017Sunday's G7 meet in Italy for environment ministers comes 10 days after Donald Trump sparked a rift with US partners by pulling out of Paris climate deal
2 min read11 Jun 2017Donald Trump, who Pope Francis suggested was 'not Christian' if he wanted a wall on the Mexican border, is due in Sicily on 26-27 May for a G7 meeting
2 min read11 Apr 2017The two-day summit comes as US moves a navy strike group near the Korean peninsular amid concerns over North Korea's nuclear ambitions
2 min read10 Apr 2017G7 finance ministers and central bank governors also warn of Brexit 'shock' to global economy if UK votes to leave the EU
3 min read21 May 2016Japan, which is hosting the two-day talks, is keen to win an endorsement for its position that fiscal stimulus is the way to kick-start the world economy
3 min read21 May 2016Trade-induced recession doesn’t need barriers
3 min read15 Feb 2009The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared