The Group of Seven (G7) member states have agreed on a common position on digital trade. This was stated in a joint communiqué published on the UK government website. "We oppose digital protectionism and authoritarianism, and today we adopted the G7 Digital Trade Principles, which will define the G7 approach to digital trade," the document said. At the three-day summit of G7 leaders in...

More than 1,180 people have been killed in Myanmar since the military seized power, UN Special Envoy for Myanmar Christine Schraner-Burgener has said. She believes the situation in the country may escalate into a full-scale military conflict. Ms. Schraner-Burgener spoke at a briefing to mark the end of her tenure. She said the situation in Myanmar had deteriorated since the military came to...

The age structure of COVID-related deaths at the end of 2020 differs between middle- and high-income countries. This was the conclusion reached by a World Bank expert team examining the relationship between age, number of deaths and national income during a pandemic. The study drew on information on the coronavirus-related deaths from the worldwide database COVerAGE-DB, as well as on excess...

The Port of Los Angeles, one of the largest ports in the US, is moving to a 24/7 operation. This should help to cope with the flow of cargo that the port has no time to receive and process. In addition to the Port of Los Angeles, the Port of Long Beach, California, as well as logistics companies FedEx, UPS and retailer Walmart are also moving to 24/7 operations. The decision was taken on...

14 EU countries have prepared a joint statement accusing the UK authorities of causing "significant economic and social damage" to their fishing industries and violating the Brexit deal. It was reported by The Guardian, which received a prepared statement of the EU member states. Belgium, France, Spain, Netherlands, Ireland, Germany, Italy, Denmark, Portugal, Malta, Cyprus, Lithuania, Sweden and...

China's anti-corruption agency will inspect 25 major state-owned banks and investment funds, The Wall Street Journal (WSJ) reported, citing its sources familiar with the inspection plan. Particular scrutiny will include ties to construction giant China Evergrande Group, taxi service Didi Global Inc. and financial technology company Ant Group. According to the publication's sources, the scrutiny...

US Trade Representative Katherine Tai and Chinese Vice Premier Liu He held talks via video link. They agreed to hold further consultations on trade relations. Ms Tai said the US was concerned about China's "non-market policies and practices". "Tai and Vice Premier Liu He reviewed the progress of the US-China economic and trade agreement and agreed that both sides would consult on some...

Government representatives from 10 EU countries have written an article on the importance of developing nuclear energy. They linked the argument to the volatility of gas prices and the fight against climate change. The article was published by Le Figaro. It was authored by French Finance and Reconstruction Minister Bruno Le Maire, as well as the prime ministers, economy ministers and energy...

The European Commission will allocate at least €1T until 2030 to implement the EU's climate policy, European Commissioner for Economic Affairs Paolo Gentiloni said at a conference on Thursday. "All the actions that need to be taken for a successful transition to a greener economy require a huge investment... The European Commission has pledged a minimum of €1 trillion investment by 2030 to fund...