* Biden says Russia has failed to split G7. * Biden condemns 'barbarism' as missiles strike Kyiv. * Gold ban targets 'Putin's war machine' - British PM. * Oil import price cap discussed, German source. By Matthias Williams and Thomas Escritt.
French lawmakers are drafting a bill to shore-up household buying power by raising some forms of government assistance by 4%, at a cost of 8 billion euros from July to April next year, business daily Les Echos reported on Sunday.
Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a "soft landing," where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a severe recession that many fear, CBC News reported https://bit.ly/3bqWcWY.
Israel's cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel's manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday.
All leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at this year's annual G7 summit.
With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors.
Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns in a budget amendment being worked up to take in the impact of war in Ukraine and soaring prices. The war in Ukraine has led to a downturn in growth in the central European country, as well as more spending on defence and aid for hundreds of thousands of refugees.
The world's central bank umbrella body, the Bank for International Settlements, has called for interest rates to be raised "quickly and decisively" to prevent the surge in inflation turning into something even more problematic.
The world's central bank umbrella body, the Bank for International Settlements, has called for interest rates to be raised "quickly and decisively" to prevent the surge in inflation turning into something even more problematic.
U.S. President Joe Biden told allies "we have to stay together" against Russia on Sunday as G7 leaders gathered for a summit set to be dominated by war in Ukraine and its impact on food and energy supplies and the global economy.
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