Unsurprisingly, the Group of Seven rich economies of the world wrapped up its summit with a statement concerned with economic issues. Their priorities: the looming Brexit vote, economic growth, terrorism and refugee flows. Listen to Alexander MacDonald's report: The host of the summit, Japan’s Prime Minister Shinzo Abe, delivered the summit’s final statement and outlined three priorities: expanding the Pacific tariff free economic zone to the entire world, ensuring economic opportunity for women and the underprivileged and dealing in a united way to global health threats. This, Prime Minister Abe said, is the foundation of growth for the whole world.On economic issues, Abe says we should not be pessimistic about the state of the world economy, although G7 economies are sluggish and the conditions are right for another global financial crisis. G7 countries therefore committed to beefing up policies to stimulate growth. “We remain committed to ensuring tha...
Unsurprisingly, the Group of Seven rich economies of the world wrapped up its summit with a statement concerned with economic issues. Their priorities: the looming Brexit vote, economic growth, terrorism and refugee flows.
Listen to Alexander MacDonald's report:
The host of the summit, Japan’s Prime Minister Shinzo Abe, delivered the summit’s final statement and outlined three priorities: expanding the Pacific tariff free economic zone to the entire world, ensuring economic opportunity for women and the underprivileged and dealing in a united way to global health threats. This, Prime Minister Abe said, is the foundation of growth for the whole world.
On economic issues, Abe says we should not be pessimistic about the state of the world economy, although G7 economies are sluggish and the conditions are right for another global financial crisis. G7 countries therefore committed to beefing up policies to stimulate growth. “We remain committed to ensuring that growth is inclusive and job-rich,” the G7 statement said, “benefiting all segments of our societies.”
As a demonstration of this willingness, G7 members met with the leaders of seven developing countries, including Laos, Papua New Guinea and also some of its most dynamic emerging economies, like Vietnam and Indonesia. The president of Chad represented the African Union, and top international leaders such as Christine Lagarde of the IMF also attended.
World economies do not take well to political risk and so the possibility of Britain leaving the EU was also addressed. Four of the G7 countries are European – Britain, France, Germany and Italy – and the leader of Britain, David Cameron is in the midst of a tight campaign to convince reluctant voters in Britain to remain in the troubled EU. The G7 statement said Britain’s exit from the EU may be a shock for the global economy.
It may be debatable whether Britain’s exit will be bad for Britain but there’s certainly no doubt it will be bad for a teetering EU.
In an implicit criticism of China, President Abe underlined that movement of shipping traffic and maritime freedom must be guaranteed.
The summit declaration also highlighted joint efforts on corruption, cybercrimes, terrorism, global health and migration which has become an overwhelming challenge especially for European nations.
Kennedy opened up to veteran EWTN News anchorman Raymond Arroyo about his family's strong faith growing up, how his faith helped him overcome drug addiction and how it impacts him in his day-to-day life in the travails of U.S. presidential politics. / Credit: EWTN News "The World Over with Raymond Arroyo" / ScreenshotWashington, D.C. Newsroom, Apr 26, 2024 / 06:30 am (CNA).Independent presidential candidate Robert F. Kennedy Jr. discussed the importance of his Catholic faith in his daily life, his plan to reduce abortions without federal restrictions, and his opposition to biological males playing in women's sports during an exclusive interview on "The World Over with Raymond Arroyo" Thursday night.Kennedy, son of the late Sen. Robert F. Kennedy and nephew of former President John F. Kennedy, is running a vigorous independent campaign to be the next president of the United States. He launched an independent bid for the White House last October after initially challeng...
Pope Francis prays during his Wednesday general audience in St. Peter's Square at the Vatican on April 24, 2024. / Credit: Vatican MediaACI Prensa Staff, Apr 25, 2024 / 16:10 pm (CNA).Asked during a new interview if he has any message for Vladimir Putin, the Russian president who instigated the war in Ukraine, Pope Francis stated that "a negotiated peace is better than an endless war."CBS News broadcast some excerpts April 24 from a new interview conducted by journalist Norah O'Donnell with Pope Francis at St. Martha House, the pontiff's residence in the Vatican.During the exchange, the full version of which will be released on May 19, the Holy Father reflected on world conflicts and especially on the suffering of children during wars.O'Donnell asked the Holy Father if he had any message for Vladimir Putin regarding Ukraine, to which the pontiff replied: "Please, countries at war, all of them... Stop the war. Seek to negotiate. Seek peace. A negotiated peace is better than an e...
An aerial view of Washington Square in San Francisco on May 22, 2020. / Credit: JOSH EDELSON/AFP via Getty ImagesCNA Staff, Apr 25, 2024 / 16:45 pm (CNA).San Francisco police arrested a homeless man last Sunday for allegedly stabbing a parent from a nearby Catholic school after an altercation involving the two outside a historic Catholic church in the city. Twenty-five-year-old Marko Asaulyuk of San Francisco was charged with attempted murder and eight counts of assault with a deadly weapon.The Catholic school father, who was released from the hospital Sunday, only suffered a minor injury to his leg, Father Tho Bui, pastor of Sts. Peter and Paul Church, told CNA Thursday in an email.San Francisco Archbishop Salvatore Cordileone was conferring the sacrament of confirmation on the parish school's students and students from a nearby parish during a noon Mass when a "disruptive man" entered the church, as Bui described him.The man was walking up and down the main aisle of the ...