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All posts tagged "G7"

Trump's 'massive' deal to cut gas prices unravels in its own fine print: economist

Trump's 'massive' deal to cut gas prices unravels in its own fine print: economist

President Donald Trump's boast that allies agreed to a "massive" fuel release falls apart on close inspection, according to an economist.

Justin Wolfers, an economist at the University of Michigan, argued in an article for his Platypus Economics newsletter on Tuesday that the 100 million barrels of oil and fuel the Group of Seven pledged last week are largely what's left over from an emergency release promised in March.

Trump posted on Truth Social on Friday that Europe had agreed to release a "massive amount" of diesel right away, casting it as a concession won in exchange for dropping his threat to ban U.S. diesel exports....

Senator sounds alarm over G7 'nightmare scene' exposing 'state-like power' of corporations

Senator sounds alarm over G7 'nightmare scene' exposing 'state-like power' of corporations

Sen. Chris Murphy says a single image from this week's G7 summit captures one of his deepest fears about the growing power of the tech industry: the chief executives of major artificial intelligence companies seated at the table alongside presidents and prime ministers, as if they were heads of state themselves.

"At the G7, the CEOs of the big AI companies sat at the table like heads of state, alongside presidents and prime ministers," the Connecticut Democrat wrote, sharing a photo of the summit's main session. His reaction was blunt: "This is the nightmare scene."

For Murphy, the optics were not a harmless photo op but a visual representation of how far corporate influence has crept into the highest levels of government. The concern is that companies building the most powerful AI systems are no longer simply lobbying governments from the outside, but are being granted a seat among the elected leaders who are supposed to regulate them....

'Very insulted': Trump tells G7 members they've hurt Putin's feelings

'Very insulted': Trump tells G7 members they've hurt Putin's feelings

U.S. President Donald Trump used a press conference with G7 chair Canadian Prime Minister Mark Carney to air Russia's grievances about being kicked out of what was then the G8 over the annexation of Crimea.

Carney had just publicly welcomed Trump to the summit when the president launched into his claim that there would never have been a full-scale invasion of Ukraine had he been president.

"The G7 used to be the G8," Trump began before attacking former Canadian Prime Minister Jusin Trudeau in a rambling statement....

Canadian PM 'shuts off' Trump as press conference heads 'off the rails': CNN

Canadian PM 'shuts off' Trump as press conference heads 'off the rails': CNN

Canadian Prime Minister Mark Carney interrupted a question and answer session with Donald Trump at Monday's G7 summit before the U.S. president got too much into the weeds discussing ICE raids on "blue cities," according to CNN correspondent Kristen Holmes.

As Trump began to rehash his usual talking points, claiming former President Joe Biden allowed "murderers, killers, people from gangs, people from jails," into the United States, the Canadian leader — and host of the meeting which is being held in Alberta — stepped in.

"If you don't mind, just — I'm going to exercise my role, if you will, as G7 chair, since we have a few more minutes with the president and his team, and then we actually have to start the meeting to address some of these big issues," Carney said....

White House slams ‘cheapfake’ clips portraying Biden ‘freezing’

White House slams ‘cheapfake’ clips portraying Biden ‘freezing’

The White House on Monday criticized Republicans for spreading videos purported to show President Joe Biden’s mental and physical decline, saying the images had been deceptively cut and manipulated.

“It tells you everything that we need to know about how desperate Republicans are here,” Press Secretary Karine Jean-Pierre told reporters, branding the clips as “cheapfake” videos.

Outlets including the New York Post and an official Republican social media account have shared several seemingly damning short videos in recent days of the 81-year-old president....