G7 Nations Forge Ahead with AI Code of Conduct
The G7’s AI Code of Conduct emerges at a time when governments worldwide are grappling with the transformative power of AI.
OECD Data: UK Is Only G7 Country where Inflation Is Still Rising
By Tolu Ajiboye
Inflation in the UK is still on the rise despite continuous hikes in interest rates and inflation reductions in other G7 countries.
China Persuades Japan to Lift Restrictions on Semiconductor Chip Export to Harmonize International Trade
China has agreed to work with Japan to promote practical cooperation in key economic and trade areas including advancements in the semiconductor industry.
G7 Countries Calling for Stricter Crypto Regulations
By Darya Rudz
The move follows the collapse of the FTX exchange back in November 2022, as well as the recent banking crisis.
G7 Pushes for Greater Crypto Regulation, and That Might Be a Good Thing
Finance ministers and central bankers from the Group of Seven (G7), a group of nations boasting the world’s most advanced economies, recently stepped up their calls for more stringent regulation of cryptocurrency assets, especially so-called stablecoins that are pegged to the price of traditional fiat currencies.
Cyprus Unveils Draft Regulation for Cryptocurrencies
Drafting the regulations hasn’t been without challenges and Minister Kokkinos did not neglect to mention those faced by the country.
G7 Countries Demand Swift Crypto Regulations after Terra Collapse
Top financial leaders of the G7 nations have requested the Financial Stability Board (FSB) for bringing consistent and comprehensive crypto regulations.
Ireland Agrees to Global Tax Rate for Corporations, Brings Deal One Step Closer
Achieving the global tax rate policy is dependent on getting the majority of the countries on board, through various means that can help them make compromises.
G7 Close to Sealing Uniform Taxation Deal for Top Companies
The broader G20 bloc wants to strike a deal based on this uniform tax rate by the summer, with the progress made by the G7 sighted as a key catalyst for this move.
Crypto Regulations Remain Hot Topic of Discussion at Latest G7 Meeting
The G7 officials discussed the need to regulate crypto assets and prevent its use for any malicious or illicit activities. There’s strong support across the top economies to regulate digital assets.
U.S. Working on Stimulus Bill in Response to COVID-19
U.S. Senate leaders and the Trump administration neared an agreement on a massive stimulus bill that could inject $2 trillion into the economy to blunt the impacts of the coronavirus.
European Shares Close in Green, EU Starts Fight with Coronavirus
European shares closed higher on Friday after their worst sell-off in history, as the fast spread of the coronavirus pandemic continues to dominate investor sentiment.
G-7 to Coordinate Their Efforts in Fighting Coronavirus, Mnuchin and Powell to Lead a Call
Led by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, a G-7 call will be devoted to the discussions of the coronavirus outbreak and its economic impact.
G7 Says that Bitcoin Failed but Libra Poses Threat to Financial Stability
G7 has just recently released a report addressing a long list of concerns it has with global stablecoins like Libra.
G7 States Libra May Pose Threat to Financial Stability
The G7 believes that Libra, as well as other global stablecoins, may negatively influence the financial situation in the world.