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The Hiroshima summit comes as G7 members are faced with the immense challenges posed by Russia's invasion of Ukraine and tensions with China. The G7 nations are looking to "de-risk, not decouple" from China, White House national security adviser Jake Sullivan told reporters in Hiroshima. In a draft of the final communique seen by Reuters, G7 leaders agreed that China's status as the world's second-largest economy meant they had to continue to cooperate. U.S. President Joe Biden told G7 leaders on Friday that Washington supports joint allied training programmes for Ukrainian pilots on F-16 fighter jets, in a significant endorsement for Kyiv. Reporting by Reuters G7 team in Hiroshima; Writing by David Dolan; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

[1/2] Ukrainian President Volodymyr Zelenskiy speaks to the media at the Chancellery in Berlin, Germany, May 14, 2023. G7 leaders planned to outline steps to protect sensitive technology, including outbound investment measures, in their communique, White House national security adviser Jake Sullivan told reporters at a briefing in Hiroshima. In a draft of the final communique, seen by Reuters, G7 leaders agreed that China's status as the world's second-largest economy meant they had to continue to cooperate. Zelenskiy is expected to hold bilateral meetings with attendees of the G7 summit, including the host, Japanese Prime Minister Fumio Kishida. Reporting by Reuters G7 team in Hiroshima; Writing by David Dolan; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

☆ Zelenskiy courts G7 support against Russia
▼ + stars: | 2023-05-20 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsZelenskiy courts G7 support against RussiaPostedUkrainian President Volodymr Zelenskiy arrived in Japan on Saturday as he brought calls for support against Russia to the G7 summit. David Doyle has more.

Outreach to the so-called "Global South", shorthand for some low- and middle-income countries including India, has been a focus at this year's Group of Seven (G7) summit in Hiroshima. Some of China's lending has left developing countries "trapped in debt", U.S. Treasury Secretary Janet Yellen has said. China, which has lent hundreds of billions of dollars to build infrastructure in developing countries, has called those remarks "irresponsible" and said the United States should take practical action to help developing countries. Japan and Germany have for years been pushing for a reform of the Security Council. The initiative comes as Japan and other G7 members try to engage the Global South, as the G7 nations struggle to stay relevant amid growing Chinese influence in developing countries.

☆ France's Macron: Zelenskiy's Japan visit a 'game changer'
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: 1 min

HIROSHIMA, Japan, May 20 (Reuters) - French President Emmanuel Macron on Saturday called Ukrainian President Volodymyr Zelenskiy's visit to Japan for the Group of Seven (G7) summit a "game changer," as the two met for talks on the sidelines of the event. "I think this is a unique opportunity to (have) exchanges with a lot of countries from the south and express your situation, express a message and share a view. I do believe it can be a game changer," Macron said. Macron added that France will be with Ukraine "to the very end". Reporting by John Irish; Writing by Sakura Murakami; Editing by David DolanOur Standards: The Thomson Reuters Trust Principles.

☆ Hiroshima G7 marks costs of war and welcomes Ukraine's Zelenskiy
▼ + stars: | 2023-05-20 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

[1/5] Ukraine's President Volodymyr Zelenskiy and French President Emmanuel Macron shake hands during the G7 leaders' summit in Hiroshima, Japan May 20, 2023. Zelenskiy will receive a hero's welcome during the closing day of the G7 summit hosted in Hiroshima, Japan, where leaders debated how to respond to a conflict that many expect only to escalate after nearly 15 months of fighting. On Sunday, Japan and South Korea, two of China's wealthiest neighbours, will highlight their improved ties with a joint meeting. But Zelenskiy has pushed the countries to go further on both economic and military measures. "Important meetings with partners and friends of Ukraine," Zelenskiy said on Twitter as he arrived in Hiroshima.

☆ Man United beat Bournemouth to close on Champions League
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +3 min

[1/4] Soccer Football - Premier League - AFC Bournemouth v Manchester United - Vitality Stadium, Bournemouth, Britain - May 20, 2023 Manchester United's Casemiro and teammates celebrate after the match... Read moreBOURNEMOUTH, England, May 20 (Reuters) - Midfielder Casemiro scored a brilliant acrobatic volley to give Manchester United a 1-0 Premier League win at Bournemouth on Saturday that took them closer to Champions League football next season. Fifth-placed Liverpool, who are on 66 points after a 1-1 draw against Aston Villa, face relegated Southampton on the final day. It is not easy scoring goals," United manager Erik ten Hag told the BBC. As Manchester United's game was ending, Liverpool were a goal down to Aston Villa and a defeat there would have guaranteed United's qualification for the Champions League. But even though Roberto Firmino equalised for Liverpool, Ten Hag said he was not interested in that result.

☆ G7 aims to bridge vast gap with emerging markets, awaits Zelenskiy
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] Ukrainian President Volodymyr Zelenskiy speaks to the media at the Chancellery in Berlin, Germany, May 14, 2023. REUTERS/Fabrizio BenschHIROSHIMA, Japan, May 20 (Reuters) - Leaders of the world's richest democracies are looking to bridge a vast gap with emerging economies by focusing on infrastructure and debt relief, officials say, part of a strategy to blunt China's influence in lower-income countries. Russia's war in Ukraine has also unduly hurt low-income countries, the G7 members say. "Low- and middle-income countries are disproportionately affected by Russia's war of aggression against Ukraine," they said in the draft. Reporting by Reuters G7 team in Hiroshima; Writing by David Dolan; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

☆ G7 draft communique on China relationship: 'We act in our national interest'
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: 1 min

TOKYO, May 19 (Reuters) - Members of the Group of Seven advanced nations are prepared to build "constructive and stable relations" with China while acting in their national interests, according to a draft version of their communique seen by Reuters on Friday. The leaders, who kicked off a three-day summit in the Japanese city of Hiroshima that goes until Sunday recognise that "economic resilence requires de-risking and diversifying" from the world's second-largest economy, the draft showed. The final version of the communique is expected to be released on Sunday. Reporting by John Irish; Editing by David Dolan and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine needs American-made F-16s if it's going to stop Russia's invasion once and for all, a defense expert says. NATO now seems to be giving in.
▼ + stars: | 2023-05-19 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Ukraine could finally get the F-16 fighter jets it's been begging for. Still, the jets are vital for Ukraine's war efforts, defense experts told Insider, giving Kyiv the firepower it needs to bolster its current and future fleets. Ukraine sees the fighter jets as indispensable, Jones said, and it is thinking on a longer-term basis than friendly nations in the West. "The sooner we get fighters into the hands of Ukraine's combat-experienced fighter pilots, the greater Ukraine's chances of success," Deptula said. Matthew LotzThe debate over whether to send F-16 fighter jets to Ukraine has lasted months.

☆ Shell company stock hijacker Mark Miller sentenced to year in prison
▼ + stars: | 2023-05-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Lengeling told Doty it "felt like we got punched in the gut, quite frankly" when he recently learned prosecutors were asking that Miller spend a year in prison for the penny stock scheme. In addition to his prison term, which Miller is expected to start serving in August, Doty sentenced Miller to two years of supervised release after he completes his time locked up. Miller and Jaberian, as well as an unidentified person related to Miller, became the nominal CEOs and presidents of the targeted companies, prosecutors say. Miller voluntarily dropped a suit related to efforts to take over New World Gold soon after CNBC reported his involvement with that company. Doty sentenced him on May 10 to two years of probation.

☆ G7 leaders reckon with Ukraine, haunted by Hiroshima nuclear legacy
▼ + stars: | 2023-05-18 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

HIROSHIMA, Japan, May 19 (Reuters) - Leaders of the world's advanced democracies start their Group of Seven (G7) summit on Friday in Hiroshima with a sombre remembrance of the costs of war as they grapple with the conflict in Ukraine. Moscow has said it is ready to use its nuclear arsenal to defend its "territorial integrity" if necessary. As part of the efforts, each of the G7 members will be unveiling new sanctions, according to the U.S. official. G7 finance leaders warned in Japan last weekend of mounting economic uncertainty, in a subdued end to a meeting overshadowed in part by concerns about the U.S. debt stalemate. Ukrainian President Volodymyr Zelenskiy is expected to address the G7 leaders, though he may do so by video rather than in person.

☆ Inside PodCo, the startup cashing in on Nickelodeon and Disney nostalgia, drawing hundreds of thousands of listeners, and scoring brand deals with stars of shows like 'Wizards of Waverly Place'
▼ + stars: | 2023-05-18 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

"Even Stevens" star Christy Carlson Romano and her husband, Brendan Rooney, founded the startup. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written into him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.

Japan's insistence on continuing to rely on gas may delay reaching global climate change goals, especially as its energy companies reap large profits from their investments in the sector, climate activists say. "But I think Japanese companies will generally hesitate to be involved in gas projects in the future, especially those with long lead times. Japan's support for gas clashes with findings that new investments in gas, which is mainly composed of the greenhouse gas methane and produces CO2 emissions when burned for energy, would undermine climate goals. But, gas investments have been lucrative for Japan's energy companies resulting in record profits. But, Japan's stated intention to lower its carbon emissions may mean these gas investments carry some risk.

The G7 countries -- the United States, Japan, Germany, the United Kingdom, France, Canada and Italy -- are all closely tied economically to China, the world's second-largest economy and a key global manufacturing base and market. "Everything is part of the great power competition that is taking place between the United States and Russia, and the United States and China." A woman walks past a “G7 Hiroshima” flower installation near the Peace Memorial Museum, ahead of the G7 summit, in Hiroshima, Japan, May 17, 2023. The G7 is looking to draw closer to members of the "Global South" to counter China's role on the global stage. The United States is at the forefront in pushing for stronger investment controls, yet Germany is more cautious, given its heavy reliance on trade with Beijing.

WASHINGTON/PARIS, May 17 (Reuters) - The longest shadows at the Group of Seven (G7) leaders' summit this week will be cast by two countries that weren't even invited to the Hiroshima gathering: China and Russia. The G7 countries -- the United States, Japan, Germany, the United Kingdom, France, Canada and Italy -- are all closely tied economically to China, the world's second-largest economy and a key global manufacturing base and market. "Everything is part of the great power competition that is taking place between the United States and Russia, and the United States and China." A woman walks past a “G7 Hiroshima” flower installation near the Peace Memorial Museum, ahead of the G7 summit, in Hiroshima, Japan, May 17, 2023. The United States is at the forefront in pushing for stronger investment controls, yet Germany is more cautious, given its heavy reliance on trade with Beijing.

☆ At Hiroshima G7, bomb survivors grapple with a disarmament dream deferred
▼ + stars: | 2023-05-16 | by ( Sakura Murakami | ) www.reuters.com time to read: +5 min

[1/6] U.S. President Barack Obama (L) hugs atomic bomb survivor Shigeaki Mori as he visits Hiroshima Peace Memorial Park in Hiroshima, Japan May 27, 2016. Kishida, who represents Hiroshima, said he chose it for the summit to focus attention on nuclear weapons. "I want to see the leaders commit to getting rid of nuclear weapons," Mori, 86, said in an interview. Senior German government sources did not list nuclear disarmament as a high priority, saying at the G7 it was "important mainly for Japan". "We recognise that the current international landscape is very challenging given Russia's threat to use nuclear weapons," one Japanese government official said.

☆ Pledge, a carbon accounting startup founded by ex-Revolut and Freetrade staffers, just raised $10 million with this 10-slide pitch deck
▼ + stars: | 2023-05-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

London-based carbon accounting startup Pledge just secured a $10 million Series A round. A startup founded by former staffers at Revolut and Freetrade has raised $10 million to build out its carbon accounting product aimed at the logistics industry. London-based Pledge, set up in 2021, enables businesses in the sector to track, reduce, and manage their carbon footprint. Some 70% of a company's emissions sit in its supply chain, which are referred to as scope three emissions. Pledge adheres to the Global Logistics Emissions Council framework, the only globally-recognized methodology for calculating greenhouse gas emissions in the logistics supply chain.

Japan's Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics (005930.KS). Western Digital did not respond immediately to a request for comment. Kioxia, previously Toshiba Memory, was sold by Toshiba Corp (6502.T) in 2018 to a consortium led by Bain Capital for $18 billion. Kioxia and Western Digital were in merger talks in 2021 before the negotiations stalled over a series of issues including valuation discrepancies.

☆ Human DNA can now be pulled from thin air and sequenced
▼ + stars: | 2023-05-15 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Scientists have been able to collect and analyze detailed genetic data from human DNA from all these places, raising thorny ethical questions about consent, privacy and security when it comes to our biological information. Environmental DNA has been obtained from air, soil, sediment, water, permafrost, snow and ice cores and the techniques are primarily being used to help track and protect endangered animals. However, the ability to capture human DNA from the environment could have a range of unintended consequences — both inadvertent and malicious, they added. They termed this information “human genetic bycatch” and decided to study the phenomenon in greater depth. We cannot avoid shedding DNA in the public space,” Moreau, who was not involved in this study, said via email.

☆ Exclusive: Japan's Rakuten plans new share issue to raise around $2.2 bln -sources
▼ + stars: | 2023-05-15 | by ( Miho Uranaka | ) www.reuters.com time to read: +3 min

The public offering is expected to raise roughly 300 billion yen ($2.2 billion) but the amount could change depending on Rakuten's share price, which will influence the pricing of its new equity issuance. Additionally, Rakuten plans to issue shares to founder and CEO Hiroshi Mikitani and a fund controlled by the entrepreneur, the person said. A Rakuten spokesperson said it was not something it could comment on. Rakuten shares erased gains and tumbled, closing down 9% after the Reuters report. The group has some 400 billion yen in bonds due by 2024 and a further 430 billion yen in 2025, Refinitiv data showed.

☆ G7 agreed global financial system resilient but needs vigilance, Japan finmin says
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +3 min

[1/2] Japan's Finance Minister Shunichi Suzuki, Germany's Finance Minister Christian Lindner, Britain's Chancellor of the Exchequer Jeremy Hunt, Joachim Nagel, President of Germany's federal reserve... Read moreNIIGATA, Japan, May 13 (Reuters) - Finance ministers and central banks from the Group of Seven rich nations agreed the global financial system is resilient but the need for vigilance remains, Japan's finance minister Shunichi Suzuki said on Saturday. "We reaffirm that our financial system is resilient, supported by the financial regulatory reforms implemented after the 2008 global financial crisis, including considerable increases in the levels of bank capital and liquidity, an international framework for effectively resolving failing institutions, and strengthened cross-border regulatory and supervisory cooperation," it said. British finance minister Jeremy Hunt told reporters at a separate event that G7 finance chiefs in Japan had "very frank and open discussions" about the challenges they face, including banking regulation. The ministers have wrapped up a three-day meeting in the Japanese city of Niigata. Reporting by Tetsushi Kajimoto and Leika Kihara; Writing by David Dolan Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ G7 to vow diversifying of supply chains, filling bank regulatory gaps -draft
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +4 min

In the draft communique, the G7 central banks said they remained "strongly committed" to achieving price stability and ensuring inflation expectations stayed well-anchored. "Diversification of supply chains can contribute to safeguarding energy security and help us to maintain macroeconomic stability," the draft communique said. But it said G7 countries will work to ensure foreign investment in critical infrastructure "does not undermine the economic sovereignty of host countries." On banking-system woes, the draft communique said the financial system was resilient due to regulatory reforms implemented after the 2008 global financial crisis. "We will address data, supervisory, and regulatory gaps in the banking system," the draft communique said.

☆ The real reasons stores are closing in big cities
▼ + stars: | 2023-05-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

These big chains and others have closed stores in major US cities recently, raising alarm about the future of retail in some of the country’s most prominent downtowns and business districts. How policymakers remake their downtowns — with retail as a crucial attraction — will be crucial to cities’ fiscal health and regional economies. People who are being employed in those stores are losing their jobs” because of crime, New York City Mayor Eric Adams, a Democrat, said in February. San Francisco lost around 6% of its retail establishments from 2019 to 2021, according to the think tank’s research. For example, chain-store closures in New York City have correlated to the products most frequently bought online.

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