Intergovernmental forum of Canada, France, Germany, Italy, Japan, the UK and the US, with EU participation, coordinating economic and security policy.
IMF fiscal chief Rodrigo Valdes says public debt is poised to hit 100% of GDP, the highest since World War Two, as G7 10-year yields climbed over 1 point. Nearly 30% of G7 and Spanish debt matures within a year. Investors should keep borrowing costs and fiscal risk in their planning.
Reality
President Trump plans to let tax-exempt red diesel into on-road vehicles, a 24-cent-a-gallon federal excise cut for drivers. With diesel stocks at a record seasonal low, sellers are better placed than drivers to keep that money.
Perspective Coverage
5 publishersReality
Australia cut refining capacity 6.9% a year over a decade as China added 2.3% a year, Energy Institute data show. China's renewed fuel export ban now falls on importers that shut their own plants, just as two wars squeeze diesel and jet fuel supply.
Reality
Britain's 30-year gilt yield touched 6.02% on Oct. 1, the first G7 long yield above 6% since Italy's in 2012, with the US 10-year at a 24-year high of 5.34%. Governments pay these rates on debt they roll over or newly issue, so the bill depends on how long yields stay up.
Reality
The G7's report carries no binding force and never says the word crypto, arriving four months before the EU wants member states moving, and it pushes quantum readiness into government procurement, which is how the cost eventually reaches private custodians.
Reality