Reported 7 months ago
The G7 summit in Italy focused on the Ukraine conflict. President Biden pushed for a $500 billion loan to Ukraine, with G7 deciding to redirect Russia's frozen European assets to Ukraine. The US also expanded sanctions on Russia, including Chinese entities. The summit, hosted in Puglia by Italy's Prime Minister Meloni, highlighted concerns over China's industrial overcapacity. Pope Francis attended G7 for the first time, addressing AI-related discrimination issues. G7 aimed to create a fair competition environment with Chinese companies and extended invites to leaders from Ukraine, the Middle East, and Africa.
Source: YAHOO