Group of Seven

Prime Minister Rishi Sunak flew in to Washington late Tuesday lobbying for Britain to take a lead role in regulating artificial intelligence, after a dire warning of the technology's existential dangers.

The International Energy Agency (IEA) will guide nations in their energy and climate policies and lay out a road map, IEA Executive Director Fatih Birol has said.

Birol addressed leaders who gathered for the 49th G7 Summit in Hiroshima, Japan, last week.

Three Cypriot companies are included in the new list of sanctions imposed by the US. A press release by the US Department of the Treasury says that with over 300 sanctions, the US is targeting Russia's circumvention and evasion of previous sanctions, military-industrial supply chains, and future energy revenues.

"China is the biggest challenge to global security and prosperity, but the other leading economies should not completely cut off their relations with Beijing", British Prime Minister Rishi Sunak said yesterday after the meeting of the leaders of the G7 countries, "Reuters" reported

Day 450 of the invasion of Ukraine. Summary of key events in the last 24 hours:

President Joe Biden's departure Wednesday to the G7 in Japan was meant to launch a geostrategic masterclass on rallying the world's democracies against China. Instead, he will limp into an abruptly truncated journey facing concerns that the US debt ceiling row is about to tear up the global economy.

The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said Saturday following finance talks in Japan ahead of a major summit next week.    

The ministers did not directly mention efforts to reduce reliance on trade with China or Russia as motivation for the new framework, which focuses on clean energy technology.   

The group of the seven most developed democracies (G-7) has warned against any attempts to change the world order by force in view of Russia's war in Ukraine and China's increasing aggressiveness, DPA reported.

At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance.

Ukrainian leader Volodymyr Zelensky called on Oct. 11 for wealthy Western nations to help Kiev create an "air shield" after a rash of deadly Russian aerial attacks.