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FILE PHOTO: French President Emmanuel Macron walks next to Italy's Prime Minister Giorgia Meloni on the first day of the G7 summit, at the Borgo Egnazia resort, in Savelletri, Italy June 13, 2024.

REUTERS/Guglielmo Mangiapane/File Photo

Macron-Meloni spat spotlights Europe’s left-right divide

They’re calling it the death stare: In a clip that went viral, Italian Prime Minister Giorgia Meloni was caught glaring at French President Emmanuel Macron at the G7 summit late last week.

The two leaders clashed afterItaly demanded the removal of a specific reference to “safe and legal abortion” from the final G7 statement. When Macron told reporters he regretted the change,Meloni shot back, saying he was out of touch with his voters and accusing him of campaigning at the summit.

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Nuclear-capable missiles are displayed during a massive parade to mark the 60th anniversary of the founding of the People's Republic of China in Beijing October 1, 2009.

REUTERS/Nir Elias

US, China talk tough on nukes and banks

National Security Council arms control official Pranay Vaddiraised a lot of eyebrows recently by saying the US may need to expand its nuclear arsenal. Citing the expansion and diversification of nuclear arsenals by Russia, China, and North Korea, Vaddi toldthe annual meeting of the Arms Control Association that "more nuclear weapons are required to deter our adversaries.”

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G7 alignment & US political challenges
G-7 alignment & US political challenges | Quick Take | GZERO Media

G7 alignment & US political challenges

Ian Bremmer's Quick Take: Hi everybody. Ian Bremmer here and a happy Monday. Quick take to start off your week as President Biden is back in the United States after the G7 Summit in Hiroshima.

What do we think? How did it go? Well, I mean a couple of very different takes. First of all, the G7 is enormously aligned, most particularly on Russia. I have never seen this level of outpouring of support. Every individual member of the G7 engaged personally with Ukrainian President Zelensky, the level of international aid coordination, diplomatic engagement, military support across the board continues to be at exceptionally high levels, not what Putin would've expected, not what the G7 would've expected before the Russian invasion, and that certainly helps to put Zelensky in a stronger position to negotiate with the Russians after a counter offensive over the coming months.

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Luisa Vieira

OPEC+ vs. the US

Oil prices soared Monday — and continued rising Tuesday — after a group of OPEC+ members (unexpectedly) announced that they'd slash production voluntarily by more than 1 million barrels per day. It’s the crude cartel’s response to expected sluggish demand for crude triggered by the recent financial turmoil in the US and Europe as well as China’s weak economic recovery.

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Paige Fusco

The Graphic Truth: Rich countries feel inflation pinch

Japan’s inflation rate hit 4% last month. Sounds low, right? Compared to many Western countries, it is. But for Japanese consumers, it’s the highest spike in prices since 1981. As a result, the Bank of Japan is under increasing pressure to raise its key interest rate from -0.1%, where it’s been since 2016. Japan’s central bankers are far from alone. In fact, on Wednesday, the Bank of Canada again boosted its benchmark interest rate, this time to 4.5%, but also became the first major central bank to announce it plans to hold off on further rate hikes for now. Most wealthy countries have felt the price crunch due to high energy costs, COVID supply chain issues, and the war in Ukraine. We compare inflation numbers for the past year across all G-7 countries.

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