just like our body g7 agenda, iwori— euros. just like our body g7 agenda, i work in _ euros.ing infrastructure giohaiiy is — i work in promoting infrastructure globally is also affected by the current — globally is also affected by the current geopolitical situation. we have therefore discussed how our investment globally in climate neutral— investment globally in climate neutral and low carbon energy, including — neutral and low carbon energy, including gas, can help us as a temporary— including gas, can help us as a temporary response to use of energy as a weapon. given the progress we have achieved, time is right to showcase _ have achieved, time is right to showcase our offer to the world. i'm convinced _ showcase our offer to the world. i'm convinced the g7 makes us stronger, iletter— convinced the g7 makes us stronger, better and _ convinced the g7 makes us stronger, better and more convincing of the two partners globally but beyond steps _ two partners globally but beyond steps we have been taking this as a long-term — steps we have been taking this as a long—term unde

not just the g7, all of our people. today, we officially launch the partnership for global infrastructure and investment. we collectively have dozens of projects already underway around the globe, and i am proud to announce the united states will mobilize 200 billion dollars -- two hundred billion dollars in public and private capital over the next five years. we are making this commitment together as a g7 to maximize the impact of our work. collectively, we aim to mobilize nearly $600 billion from the g7 by 2027. these strategic investments are areas of critical to sustainable development, and to our shared global debility. health and health security. the general connectivity. gender equality. let me give you examples of the kinds of projects that are underway in each of these areas. first, health. two years ago, covid-19 did not need any reminders about how critical investments health care systems were in health security is. both, to fight the pandemic and prepare for the next one. it will not be the last pandemic we

g7 day, the group weighs a price cap on russian oil. global stocks start the week risk on as recession fears ease. chinese tech shares lead gains, while the dollar and treasuries decline. russia defaults on its foreign debt. for the first time in over 100 years. an event moscow labels as a farce. good monday morning, we are risk on. this market has had a pretty colossal turnaround on friday, 3% up on american equities despite rapid outflows. a defensive rally, goldman sachs saying the underbelly in the ramp-up was defensive. why? because we are off the 14 year high of expectations for inflation. we will hear from bullard later. asian stocks rally on the tech story and jp morgan saying because of repositioning for the quarter you could see stocks rally another 7%. to the cross as a check this morning. oil as we going to opec, in the previous cycles of recession, in the past three this century oil on average dropped 66%. but it is a structurally different market in terms of capacity constraints. yields rise because maybe that excitement o

the g7 _ impact. kaushal ramesh, good to talk to you. the g7 want - impact.e g7 want to - talk to you. the g7 want to raise money to raise an investment plan. a plan that will rival china's belt and road project. the partnership for global infrastructure and investment plan aims to launch infrastructure projects across middle and low income countries. in our asia business hub, monica miller has been looking in to this for us. 600 billion sounds like a lot of money?— of money? this is a tussle between _ of money? this is a tussle between the _ of money? this is a tussle between the west - of money? this is a tussle between the west and - of money? this is a tussle i between the west and china of money? this is a tussle - between the west and china in terms of influence over developing countries, this plan has been written —— resuscitated, something joe biden had said on the campaign trail he would take this optimistically but it never happened, now he is turning to fellow members of the g7, to try to get their cooperation on board. what we have seen in the pas

and the g7 would splinter and...al truth for all of the leaders here is the democratic pressures they face back home from their parties and their public. borisjohnson is well aware of this, of course. this matters because the leaders have to mould and flex their views to reflect their domestic audience. unlike their opponent, president putin, who does not. the challenge, then, is how to stand together, how to move as one. not easy and not guaranteed in the long term. chris mason, bbc news at the g7 summit in germany. also at the g7 is our diplomatic correspondent james landale. how would you describe this stance on ukraine and how united it is, james, between these leaders? weill. james, between these leaders? well, michelle, there's _ james, between these leaders? well, michelle, there's no _ james, between these leaders? well, michelle, there's no great _ james, between these leaders? -ii michelle, there's no great strategic division here. i think the g7 is going to continue giving weapons to ukraine, it's going to

james landale, bbc news, at the g7.ur political editor, chris mason, who's at the g7 summit. the prime minister hasn't only got ukraine to worry about but also big pressures back home on him as well. that's right, victoria, and he is out of the country for more than a week, first the commonwealth summit in kigali in rwanda and then here in germany with the g7, then onto the military alliance, nato is gathering in madrid and a couple of days. what is striking here for mrjohnson and the other leaders is the fundamental truth, which is one where democratic leaders do feel pressure back home. they have to bend and flex their outlook depending on what their electorates or political parties are saying to them. we are clearly seeing that with boris johnson, saying to them. we are clearly seeing that with borisjohnson, we are seeing the questions chasing him around the planet this week, and we are seeing it in the subtle differences between the countries gathered here. there is a frustration from the british government that the

we will look at the markets and the g7.loomberg. ♪ >> this is "bloomberg surveillance: early edition" francine lacqua. francine: good morning and welcome to "bloomberg surveillance: early edition>

is at the g7 summit-— we can join shaun lea who is at the g7 summit. . ., , ., . ., g7 summit.sure how much of the als g7 summit. i am not sure how much of the alps you — g7 summit. i am not sure how much of the alps you can _ g7 summit. i am not sure how much of the alps you can see _ g7 summit. i am not sure how much of the alps you can see be _ g7 summit. i am not sure how much of the alps you can see be mind - g7 summit. i am not sure how much of the alps you can see be mind me - g7 summit. i am not sure how much of the alps you can see be mind me at. the alps you can see be mind me at this time of the night. last night we had a speck tack larne light show because campaigners for global peace had put up a giant bright display of lights in the, what british audiences would know as the cnd symbol, used by the campaign for nuclear disarmament in the uk. the leaders have finished dinner, it is what, about 10.00 in germany, leaders have finished dinner, it is what, about10.00 in germany, in leaders have finished dinner, it is what, about 10.00 in germany, in the evening, they wi

. �* . at the g7.her than the sanctions _ at the g7. and further than the sanctions road _ at the g7. and further than the sanctions road we _ at the g7. and further than the sanctions road we get, - at the g7. and further than the sanctions road we get, the - at the g7. and further than the i sanctions road we get, the more difficult things get because the more other countries imposing the sections have to make sacrifices. what do you make of this measure the ft would have pulled out? it what do you make of this measure the ft would have pulled out?— ft would have pulled out? it does aet ve ft would have pulled out? it does get very difficult _ ft would have pulled out? it does get very difficult indeed, - ft would have pulled out? it does get very difficult indeed, so - ft would have pulled out? it does get very difficult indeed, so the i get very difficult indeed, so the way this— get very difficult indeed, so the way this price cap would work is basically— way this price cap would work is basically

but that would be resisted by the g7 leaders.y're expected to put on a show of unity, promising more weapons for ukraine and sanctions for russia. we have to say together. yeah. because putin has been counting on, from the beginning, that, somehow nato and the... the g7 would splinter. but we haven't and we're not going to. the russian defence minister has been visiting russian troops in ukraine. it comes as russia says it will supply its ally, belarus, with a missile system capable of carrying nuclear weapons after the country's president claimed its neighbours, poland and lithuania, were pursuing what he described as aggressive policies. for the leaders arriving in germany, the stakes are high. they also need to address global economic problems as food and fuel prices rise. finding answers won't be easy. anisa kadri, bbc news. the war will dominate that g7 meeting, which is getting underway in germany. as well as discussing ways to deal with russian aggression, world leaders will also look at how to manage the cost of living cr

news of that attack as the g7 summit is happening, the g7 leaders meeting.tand with ukraine for "as long as it takes" as they announced they would step up sanctions on russia. president zelenskyjoined the summit, remotely, and told the leaders he wanted the war to be over by the end of the year. let's go live to shaun ley, who's at the summit. has there been any reaction from the leaders where you are to the events emerging? we leaders where you are to the events emeruain ? ~ . leaders where you are to the events emerauin? ~ . , . ., ., emerging? we are expecting on camera reaction in next — emerging? we are expecting on camera reaction in next hour— emerging? we are expecting on camera reaction in next hour or _ emerging? we are expecting on camera reaction in next hour or so. _ emerging? we are expecting on camera reaction in next hour or so. the - reaction in next hour or so. the british prime minister reported to be making some kind of on camera statement about the attack, but it is interesting that 0laf scholz, he is interesting that 0laf scholz, he is

has the g7 done enough to stand up has the g7 done enough to stand up against russia and, realisticallye could you do? it has been impressive, no doubt, that the sanctions that have been intensified in recent months are really made a difference in russia's economy, and the weaponry centre ukraine, as well as the intelligence, have helped fend off the initial attack and now sort of hold its own although losing a bit of ground in at the east. but, i don't really see the endgame and i don't really know of the west as a strategy for the endgame beyond simply saying, "we will help ukraine fight as long as it wants." that is a very emotionally satisfying position to take. i'm not sure it is that strategically smart. so, yes, we've done a lot but i don't know if we have a strategy for how to help ukraine preserve the ponderings of its own territory, sovereignty, the economy, and survival. so i still worry a lot about what happens next. the missile strike sitting here, for the past few weeks russian efforts have been focused on the east, many suggesting perhaps moscow had given up on the capita

what is it that g7 leaders are after?well, that's kind of unclear because when i talk about victory for ukraine what does this mean? because at times, ukraine has expressed this interest in in reconquering all of donbas even taking back crimea. so this would entail an actual war with russia. and again, part of the russian motivation behind this is . nato expansionism. this increasing amount of american weapons systems close to the border. if russia would pull out, obviously those weapons would keep pouring in. so i am not sure how that picture would be even possible, i think russia would fight this all the way to the end. so i just don't see clearly how victory has been conceptualized here. also, it is unclear how even in a stalemate is going to result in any kind of a diplomatic solution, because, again, the fear from moscow then would be that the west will take advantage of a temporary peace agreement to merely rearm ukraine and keep pushing nato so . so it is a lot of big statements but without any clear opera racializ

to address that, the g7 and the e.u.stablished a global alliance for food insecurity, pledging over for euros to help those facing food shortages. scholz put forward a plan for a climate club, open to all nations willing to work to limit temperature rises to 1.5 degrees, and become emissions neutral by mid-century. >> we all agree with the future holds, which is not gas. this is particularly true for germany. we want our economy to be carbon-neutral in 2025. that has consequences for the use of natural resources whether it is coal, oil, or gas. reporter: but climate activists, some of whom protested near the summit venue, say that extending the use of fossil fuels even for a short time is a real response to energy shortages. >> we are angry that leaders at the end, the long-term targets, but not commit to the immediate measures needed to give a clear frame to the industry, to face out fossil fuels and enter into renewable energy in a much more rapid way. reporter: those arguments will continue. for now, that's said that

james landale, bbc news, at the g7.leaders provoked protests and indeed, hundreds of people, some supporting causes like climate change are concerned about the impact high prices are having on the pressure on the world's poor have been demonstrating. but the hundreds number is important. not the thousands we have often seen at these kinds of g7 summits. perhaps one explanation is the intense police presence which is visible for miles before you actually reach the source of the protests. the place that they are focused on, the spa high above me on the alps of bavaria. so that is the security presence there at the moment lined up presence there at the moment lined up for the protesters. it got a small railway track that runs just close to the bottom of the hills here and on a number of occasions the train to be halted by the protests but the police move quickly to deal with them and move the protesters on the. it is about to say, though, that a lot of the attention of ideas focused on what happens at the nato summit in ma

_ continuing unity of the g7. there are divisions? that _ continuing unity of the g7.ivisions? that absolutely i continuing unity of the g7. there - are divisions? that absolutely shone throu~h in are divisions? that absolutely shone through in the _ are divisions? that absolutely shone through in the conversation - are divisions? that absolutely shone through in the conversation in - are divisions? that absolutely shone through in the conversation in the i through in the conversation in the conversation and there is reason for that. the logic of the position is still so clear. there is no deal that zelensky president can really do, so in those circumstances the g7, supporters of ukraine around the world will have to continue to help the ukrainians to rebuild the economy, get the grain out, export the grain and we have to help them protect themselves and that is what we are going to continue to do. the situation in the east, in the land bridge, the south of the country, south—east of the country remains very difficult. but the ukrainians have shown that they have incre

james landale, bbc news, at the g7.s a just world which is the slogan of this particular g7 means that among those other countries represented here, indonesia, south africa, argentina and senegal is an attempt to show this is not about lecturing the world, it is about listening to the world, it is about listening to the world but in a situation where ukraine is contributing to some of those problems, food crisis for those problems, food crisis for those focused on europe and north america, is it something that the rest of the world is going to want to hear when they feel that sometimes the powerful nations have not delivered on the promises they made. take a year ago when the g7 was in the united kingdom and president biden under those were saying that the rich world would provide vaccine to the other countries in the world. well, the numbers of vaccines never met the expectation and the aspiration. trust is the most important thing that has to be established here with the g7 and unity as well. now back to you. we saw b

most of that is within the g7 countries.t off, denying access to about $19 billion of revenue a year, that's significant. but beyond that, jake, everything that we've done from the start in imposing these unprecedented sanctions and the export controls is having a profound impact on russia. even as it gets oil revenues with higher prices, it's unable to spend them because of the export controls. it can't acquire what it needs to modernize the defense sector and the energy exploration which means over time, each of these areas is going to go in decline. already we're seeing predictions that the russian economy will shrink by 8% to 15% next year. the ruble has been propped up artificially at great expense. major international companies have left russia. they have products that were still on the shelf when they left. but those supplies have now dwindled. russians are no longer able to buy what they're used to buy. the standard of living for. russians is dropping. all of this is having an effect immediately but it's also having

you mentioned the key message here at the g7 is unity. no daylight between the west, of course,is echoed at the nato meeting as well it is not just for the international audience, but the dmomestic audience you are right. no daylight is the mantra here in terms of inflicting more pain on russia, that will inflict more pain on the economic basis or basis of the presidents and prime ministers. they have tricky situations at home you mentioned the u.s. midterms coming up boris johnson under pressure inn fflicting more pain on russa do you think we will see a resurgence of the extreme? >> this is what everybody should be concerned about because dealing with the security situation is truly an existential risk as you rightly point out to meaningfully curtail russia will result in countries inflicting pain on themselves and populations and at a terrible time with the pandemic when growth forecasts are lowered and energy and food bills are going up this is what putin is counting on he is counting on losing resolve. in europe and france and german

chris mason, bbc news, the g7.eague shaun ley is in bavaria where the g7 leaders have been meeting. he told me more about what they have been discussing. a new plan to counter china's growing influence. i have one idea, one quite powerful idea they have. remember, china, as part of its bolton road initiative it has been getting support from other countries, building connections with other parts of the world, it has been getting raw materials and resources from africa, from caribbean nations in latin america, from other parts of asia and it has been doing it by offering money, offering loans, often gives to those countries to help them divert infrastructure. which funny love also helps china to, for example, provide ports and what else will help them go forward, and provide those raw materials more efficiently, so it has been quite a self—addressed for beijing. the g7 has realised that china has stolen a march on it. it is offering the equivalent of 600 billion us dollars of financial support to countries around the

and the g7 would splinter and...e haven't and we're not going to, so can't let that aggression take the form it has and get away with it. the fundamental truth for all of the leaders here is the democratic pressures they face back home from their parties and their public. borisjohnson is well aware of this, of course. this matters because the leaders have to mould and flex their views to reflect their domestic audience. unlike their opponent, president putin, who does not. the challenge, then, is how to stand together, how to move as one. not easy and not guaranteed in the long term. chris mason, bbc news at the g7 summit in germany. i'm joined now by my colleague shaun ley in garmisch in the bavarian alps. nice to speak to you, the growing influence on china is also an effect. have leader spoke about how to deal with that? the? effect. have leader spoke about how to deal with that?— to deal with that? they have one owerful to deal with that? they have one powerful idea. _ to deal with that? they have one powerful id

coming up tonight, ukraine,, change, food shortages all on the agenda as developing countries join the g7 summit in germany. nato reaction forces are about to get much bigger, troops will be on standby in response to russia's attack on ukraine. the first service are over the net and rebel 10, nearly all the -- and willington, players from russia and belarus band this year over ukraine. ♪ >> our viewers watching pbs in the united states and all of your other world welcome, we begin this monday in ukraine and a russian missile attack on a shopping mall. at least 13 people killed and dozens wounded as cruise missiles landed -- slammed into a crowded shopping center. more than 1000 shoppers were inside the mall. ukraine's president zelenskyy has condemned the strike calling it yet another russian war crime. he said the target posed no threat to the russian army and the shopping mall had no military purpose. i asked our correspondent, what more do we know about this attack? >> hundreds of people were in that shopping mall, over 1000 of them were inside the mall when the missile or missiles str

and the g7 would splinter and...we're not going to, so can't let that aggression take the form it has and get away with it. the fundamental truth for all of the leaders here is the democratic pressures they face back home from their parties and their public. borisjohnson is well aware of this, of course. this matters because the leaders have to mould and flex their views to reflect their domestic audience. unlike their opponent, president putin, who does not. the challenge, then, is how to stand together, how to move as one. not easy and not guaranteed in the long term. chris mason, bbc news at the g7 summit in germany. so what do the talks mean for ukraine so what do the talks mean for i'm joined now by former uk ambassador to ukraine, simon smith. so what do you mabel of it in the we were a fly—on—the—wall in these talk, g7 talk, we know ukraine high up talk, g7 talk, we know ukraine high up the agenda what will have been discussed. it up the agenda what will have been discussed. , . ., up the agenda what will have

and the g7 would splinter and...haven't and we're not going to, in ukraine — residents reel from the latest act of russian aggression — as kyiv is struck by a barrage of missiles. at least four people are killed — after a wooden grandstand collapsed at a bullfighting festival in colombia. and — diana ross helps bring the first glastonbury festival for three years — to a glorious close. it's 7am in singapore and 1am in germany where leaders from the g7 group of nations have held their first day of talks in what will be a key week for diplomacy over the war in ukraine. borisjohnson says ukraine should not be forced into a peace settlement with russia. if that means losing territory. and president biden has been calling for western unity to hold, to defeat russia. our political editor chris mason reports from bavaria in germany. the leaders of the world's richest countries gather to work out what to do next about ukraine. they begin by mocking president putin. bare—chested horseback! the canadian prime minister suggests

james landale, bbc news, at the g7 in bavaria.r berlin correspondent, jenny hill, who joins us from southern germany where the g7 leaders are meeting. the leaders are expressing unity but what is the practical significance of what they are announcing? that is the difficult question. they've - the difficult question. they've released this strongly worded statement in which they have expressed very robustly their ongoing support for ukraine in its fight to repel the russian invasion. they are promising more military and financial support and so on. at the same time they've demanded vladimir putin withdraws his troops immediately from ukrainian territory as defined by internationally recognised borders which would include crimea, annexed by putin in 2014. this is a significant document, it puts paid to any suggestion any of the leaders who were starting to waver in their support for ukraine. some of them are in quite difficult political territory. back pain borisjohnson, emmanuel macron, president biden, and they have electorates sta

and the g7 would splinter and... can't let that aggression take the form it has and get away with it. the fundamental truth for all of the leaders here is the democratic pressures they face back home from their parties and their public. borisjohnson is well aware of this, of course. this matters because the leaders have to mould and flex their views to reflect their domestic audience. unlike their opponent, president putin, who does not. the challenge, then, is how to stand together, how to move as one. not easy and not guaranteed in the long term. chris mason, bbc news at the g7 summit in germany. when this was combined in 1973, was very different world the seven members who joined that group is first described, those seven really worth the powerful peak men of the world economy in china was in the backwash economically, and china is not here. sunday evening, they were discussing global infrastructure partnership because there were worried that china will be offering cheap loans and it slowly building influence in a

not just the g7. all of our people.r global infrastructure and investment. we collectively have dozens of projects already under way around the globe. i'm proud to announce the united states will mobilize $200 billion in public and private capital over the next five years for that partnership. we're here today because we're making this commitment together as a g7 in koordation wnation with each other to maximize the work. collectively we aim to mobilize nearly $600 billion from the g7 by 2027. these strategic investments are areas of critical to sustainable development and to our shared global stability. health and health security, digital connectivity, gender equality and equity. climate and energy security. let me give you some examples of the kinds of projects that are under way in each of these areas. first, health. two years ago covid-19 didn't need any reminders about how critical investments in health care systems were and health security is. both to fight the pandemic and to prepare for the next one because it w

joe biden has actually said that the g7 will l has actually said that the g7 will announce, for examplemport ban on russian gold, which he said will strip tens of billions of dollars from vladimir putin's war machine, from vladimir putin's war machine, from his coffers. we don't know whether that is actually set in stone yet. there will be a final communique from the leader is probably on tuesday we think. that is certainly whatjoe biden has said on arrival. i am looking at a screen, seeing what is happening at this luxury secluded resort where they are meeting. looks as though most of the leaders are meeting inside and they will be greeted officially by olaf scholz the chancellor, germany is hosting the event is and has the presidency of the g7 at the moment. as you say, there will be a lot of focus on ukraine. they will talk a lot about sanctions, their efficacy, whether they could do more and financial support for ukraine. and possibly military support, too. i think there is certainly a unity amongst these leaders, a sense that they are not going to back down, that they want to keep

not just the g7, all of our people. today, we officially launch the partnership for global infrastructure and investment. we collectively have dozens of projects already underway around the globe, and i am proud to announce the united states will mobilize 200 billion dollars -- two hundred billion dollars in public and private capital over the next five years. we are making this commitment together as a g7 to maximize the impact of our work. collectively, we aim to mobilize nearly $600 billion from the g7 by 2027. these strategic investments are areas of critical to sustainable development, and to our shared global debility. health and health security. the general connectivity. gender equality. let me give you examples of the kinds of projects that are underway in each of these areas. first, health. two years ago, covid-19 did not need any reminders about how critical investments health care systems were in health security is. both, to fight the pandemic and prepare for the next one. it will not be the last pandemic we

firstly though here at the g7.e is out of the country for a week while senior conservatives in the cabinet now are privately talking about is very future. some week we'll try to start the process to change the rules so there can be another vote of confidence in him sooner rather than later. amid all that he is on the global stage and alongside fellow world leaders he is talking about ukraine and russia. jackets on, is it? a suggestion from borisjohnson about the dress code and before long the leaders are mocking president putin. the canadian prime minister suggests they should mimic the russian leader by taking their shirts off, too, and going horse riding, as he has done. beyond the jokes, the leaders of the world's richest countries are gathering to work out what to do next about ukraine. there are differences of emphasis in approach here about how much and for how long ukraine should be helped. the uk insists it must be for the long haul. the prime minister acknowledges, though, some are tiring of it. i think th

we all in the g7 understand that the party of russian hydrocarbons is over short term.ll have to look for raw materials elsewhere. i believe that a number of countries are now behaving heroically, but in the long term. we need to work together on green solutions that we all believe in. what about russian gas? there are virtually no alternatives here today, the experts of the german publication spiegel are sure of this, trying to achieve the energy independence of europe and, in particular, berlin is making a dangerous bet, the article says in the winter of fuel. it might just not be enough. now european gas storages are only half full and reach the goal of 80% reserves by november. it will hardly be possible without russian gas supplies. it will end in germany in 2 months next, the domino effect will begin throughout europe , it is necessary to act as a single energy bloc this summer, it is necessary to prepare for the winter better, although there will be no such serious consequences for belgium if other european countries have problems due to the fact that they depend

.— it now that he is at the g7. that he is at the g7. those comments were _ it now that he is at the g7. those comments were off-camera - it now that he is at the g7. those - comments were off-camera yesterday comments were off—camera yesterday to reporters. he was asked about a second term understands awards, second term understands awards, second term? i'm thinking about a third term. honestly that has angered some, particularly his critics within the party. others love it. they see it is very much in keeping with the way the prime minister approaches things. he was asked about it on camera in the last hour or so and this is what he had to say. what i'm saying is that this is a government that is getting on with delivering for the people of this country and we've got a huge amount to do, that's what i'm trying to get at. so in the immediate future, we've got to get people through the current global inflationary pressures, the post—covid, ukraine exacerbated inflationary pressures that people have got, the energy p

a lot that g7 leaders have to discuss.p, this aid, the military support that's been given is not enough. ukrainian forces on the back foot and president putin making that inch by inch victory, taking more and more territory. ivan? >> salma, stand by. i'm going to turn to nic robertson live in brussels right now. you just heard salma's report. at this g7 meeting, do you know whether the leaders have anything fresh to offer to help ukraine or any new weapons in their sanctions arsenal to try to deter russia? >> reporter: yeah. there certainly will be. the commitment to put forward more money to support ukraine in terms of rebuilding, in terms of running the country and there certainly will be a talk about a long-term strategy for making sure their military capacity and capability against russia is upgraded. i think more on the military side willing to come out of the nato leader's summit that comes right after the g7 where they'll talk about trying to get ukraine up to par with nato forces so that they would be ineffect inte

the airstrikes are happening as g7 leaders are gathering. a possible message from vladimir putin. >> this is a on even war in every single way. russia has more manpower, more weapons, more willingness to inflict brutality, volodymyr zelenskyy is expected to address the g7 in a hour and he will bring that up, he will talk about civilian losses and he will bring up how outgunned his country is. >> we will expect to hear from him in the next hour and as soon as he speaks we will bring it to you. >>> i would like to bring in a member of ukraine's parliament. thank you very much for taking the time to speak to us. we are expecting to hear from the president who will address the g7 leaders, what is his message going to be given how the momentum has shifted in russia's favor as of late. >> thank you for having me. the message should be that everything we are getting, we are grateful for but we need more weapons, more supplies and we need them fast. the message will be about the sense of urgency we have now, russia learned its lesson and they are pu

chris mason, bbc news, at the g7 summit in bavaria.l food supply is caused by the war in ukraine. it comes as farmers there accuse russian forces of stealing vast amounts of grain. ukraine normally supplies 10% of the world's wheat. a quarter of all the grain grown in ukraine is here in these areas seized by russia. ukraine says 800,000 tonnes of grain have been taken and transported back to russia. the russians are blockading ports in ukraine as well — ports like odesa — meaning the amount of wheat being exported will almost halve. many of the world's poorest countries rely on ukraine's wheat. there“ll be less food now for 300 million people. our correspondent nick beake has the story. russian forces in ukraine are accused of war crimes, murder and rape. but they're also accused of stealing ukrainian grain on an industrial scale. they destroyed our premises, destroyed our equipment, everything they saw. everything they touch disappears. we tried to contact more than 200 farmers, whose land is now in russian—occupied territory. the vas

what kind g7 leaders do?follow defending champion novak djokovic and precede two time wimbledon champion andy murray on centre court. raducanu is up against dangerous the belgian player the british number one has declared herself fit and ready to go, after suffering a side strain in a tournament in nottingham three weeks ago it is not the ideal preparation, you would like to have a couple of matches each week. equally, i have had some time off in the beginning, but i think in a way that might help because there is no pressure on me. i haven't had the ideal preparation. i haven't had the ideal preparation. i cannot expect too much and i can go out there and have a good swing. after raducanu andy murray takes on australianjames duckworth, a player who hasn't won a match all season. murray seems to have recovered from an abdominal strain and had a good run to the final of the atp tour event in stuttgart a fortnight ago, beating stefanos tsitsipas and nick kyrgios. the last few days have been positive. i had a co

chris mason, bbc news, the g7 in germany.nd in ukraine, the capital city kyiv has suffered intense attacks — more than a dozen missile strikes launched by russia — the most sustained barrage in months. it happened hours after president zelensky warned that the war is entering a difficult phase. a nine—storey residential building in one district was damaged during the strike. one person was killed and five injured, including a 7—year—old girl. our correspondent nick beake reports. once again, ukraine's capital is under attack. explosion this video said to show the city's horizon as more russian rockets hit. and once again, civilians are in the firing line. a residential block in the centre of kyiv smouldering, ripped apart. child screams inside, rescuers reach a young girl, pinned down by debris. they manage to bring her to safety and then take her to hospital. moments later, a ukrainian official appears outside, brandishing a russian passport, saying that one woman still trapped is originally from moscow. shortly afterwards,

of the victims, president volodymyr zelenskyy expressed he once again called on the leaders of the g7, who just gathered for the summit in germany, to help stop russian aggression against ukraine, in particular to respond as soon as possible and provide modern means of anti-aircraft defense and weapons. my condolences to the relatives and friends of the victims . part of it, we need a powerful anti-aircraft defense, modern, fully effective, which can provide complete protection against these missiles , we talk about this with our partners on a daily basis. some agreements and partners need to move faster and if they are really partners and not observers of the delay in the transfer of weapons to our state, any restrictions are actually an invitation for russia to beat and beat again and again the occupiers of these terrorists should be beaten with all their might so that they do not think that they can to pressure and beat someone up to two hundred war crimes every day begins to be committed by russia in ukraine , prosecutor general iryna venediktova reported this, according to her ,

struggles against moscow and we're hearing more just in the past hour about new initiatives by the g7eaders to try to punish the kremlin and vladimir putin, the the president of russia. they're announcing a new cap, or about to announce, basically within striking distance of making an agreement, that would create a price cap on russian oil. now, if you remember, part of the punishment of russia for invading ukraine has been trying to limit the sale of russian petroleum products, gas and oil and other fossil fuels now, this has been a big proble time, they're trying to punish russia to try to gleedeplete ita machine and also raising prices worldwide and contributing to a massive increase in inflation and even as russia's oil exports have fallen, the price of oil globally has inscenesed which means their revenues has increased. in fact, this has had an opposite effect on russian efforts to try to bring their gas and oil to market. now with this punishment and others that we're starting to see come out including that ban of russian gold, on a global level, we could really begin to see mo

and let's go now to kevin liptak near the site of the g7 summit. so kevin, president biden and the other leaders, they will be trying to find that balance between trying to punish putin without punishing themselves too much economically, is that right? >> reporter: yeah, this is really a wartime summit, and there are a few other items on the agenda like climate change and china. but when the leaders do gather at that old castle in the bavarian alps, it really is ukraine that is the front of the agenda. and it comes amid this global economic uncertainty and also as momentum in ukraine does not appear to be in ukraine's favor. and so u.s. and european officials do describe the objectives as two-fold here, one is trying to find areas to further apply pressure on russia, and we do understand that the leaders later today will announce that they are putting a ban on russian gold imports, gold is the second largest export from russia after energy. so u.s. officials do hope that this can make a further department in russia's economy. and secondly, they do

and the g7 would splinter and...and we're not going to, so can't let that aggression take the form it has and get away with it. the fundamental truth for all of the leaders here is the democratic pressures they face back home from their parties and their public. borisjohnson is well aware of this, of course. this matters because the leaders have to mould and flex their views to reflect their domestic audience. unlike their opponent, president putin, who does not. the challenge, then, is how to stand together, how to move as one. not easy and not guaranteed in the long term. chris mason, bbc news at the g7 summit in germany. i'm joined now by the former uk ambassador to the united states, sir david manning. which is heard president biden there saying that vladimir putin was relying on it splintering but that is not happen. as it slowly happening? i is not happen. as it slowly happening?— is not happen. as it slowly ha eninu? ~ happening? i think as the prime minister acknowledged, - happening? i think as the prime min

the promise from president biden and g7 leaders. >> somehow nato and the g7 would splinter, but we haven't. >>> plus, the lasting impacts of roe v. wade being overturned. we get insight from our political analyst. >>> and months later she's now appearing in court. the new details on brittney griner, the women's basketball star being held in russia. >>> the news at 5:30 starts now. thanks for joining us. >> we begin with world leaders gathering today for a second round of meetings at the g7 summit in germany. they all continue to pledge support for ukraine for as long as it takes. here's more details from the meeting. >> reporter: ukraine's president zelenskyy adepressing g7 leaders by video, urging them to speed up the delivery of military gear. president biden, g7, and eu leaders vowing to support ukraine for as long as it takes. >> putin's been counting on from the beginning that somehow nato and the g7 would splinter, but we haven't, and we're not going to. >> reporter: but russia shows

in bavaria where borisjohnson and the other g7 leaders are today discussing notjust the the other g7 leaders are today discussing not just the future of ukraine but also climate change on food security. a bbc investigation finds evidence that russian forces are stealing thousands of tonnes of grain from occupied areas of ukraine as some countries grapple with shortages. one woman has died and a man is in hospital with life—threatening injuries following a gas explosion that destroyed a house in birmingham and damaged at least three others. former prime minister sirjohn major is giving evidence at a public inquiry looking into how thousands of people were infected with hiv or hepatitis c through contaminated blood in the 70s and 80s. suffered incredibly bad luck. and in sport we'll be live at wimbledon as the first day of the tournament is under way. novak djokovic is on centre court now and he'll be followed by emma raducanu. and then andy murray. welcome to the programme. good afternoon and welcome. the leaders of the g7 group of nations have promised they will stand with ukraine "f

g7 leaders condemns the strike is a war crime. lanka has told residents to stay home and limit fuel supplies to essential services such as health and public transport for two weeks. with foreign reserve exchange, the lowest. the premise are one bid nations economy has completely collapsed. u.s. banks are boosting dividends and share buybacks, clearing this year's fed stress text -- stress test. morgan stanley is raising its orderly dividend by more than 10% and authorizing a multiyear share buyback program. global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: thanks so much, juliette saly in singapore. coming up, credit suisse set to hold a deep dive for investors. as it deals with the historic money laundering can action. -- conviction. more on that next. this is bloomberg. ♪ manus: it is "bloomberg daybreak: europe." credit suisse, making promises to boost the business. it also wants to cut costs, is technology. it's

not say, but to provide for some reason, the g7 countries are asking for pressure on russia, you askchina in the summer will be exciting. well, what a happier summer will be an exciting prayer. you know? let's like it, you know that sneakers were not shot. the summer will be educationally similar to the premiere in the world was not in the summer will not be boring serials.

g7 are meeting without the gs germany. g7 are meeting without the 68 member_ germany.in and russia _ gs member who was with putin and russia and — gs member who was with putin and russia and him saying i don't care, look russia and him saying i don't care, took what — russia and him saying i don't care, took what i — russia and him saying i don't care, look what i can do, it is deeply depressing. look what i can do, it is deeply depressing-— look what i can do, it is deeply depressing. look what i can do, it is deeply de-aressin. , ' , . ., depressing. different picture on the front of the metro, _ depressing. different picture on the front of the metro, but _ depressing. different picture on the front of the metro, but we - depressing. different picture on the front of the metro, but we will - depressing. different picture on the front of the metro, but we will stay | front of the metro, but we will stay with the same story, because not only was at the meeting of the g7, volodymyr zelensky, of course, addressing those leaders by video conference and video cam, but als

what announcements are we expected out of the g7?: well, we are hearing a number of things that the leaders are preparing to announce here in the alps. one is this purchase, an american purchase of advance medium to long range missile defense system ukraine had been asking for. that is something that they're preparing to unveil as soon as this week. also new announcements on ammunition and radar heading to ukraine. the u.s. and other g7 leaders are also looking to limit the revenue that russia is getting from oil. of kocourse, as oil prices are skyrocketing, russia's oil is up despite sanctions on oil and gas from russia. they have agreed to cap the price on oil from russia. it is not sure how they will do it but they have tasked the government with figuring out how to do that. all of this is meant to try and change the momentum on the ground in ukraine as russia continues to make small gains in the east. leaders really want to try and reinforce ukraine's ability to withstand forces there. when you saw those strikes falling in kyiv y

changed dynamic of nato and the g7. so, i can understand why the american people are frustrated because of what the supreme court did. i can understand why the american people are frustrated because of inflation. but inflation is higher in almost every other country, and prices at the pump are higher than almost any other country and we're better positioned to deal with this and we have a way to go and the supreme court, we have to change that decision by codifying roe vs wade. >> there were some comments by your counterparts after the supreme court ruling. but leaders pledged to support ukraine, quote, for as long as it takes. i wonder if you would explain what that means to the american people for as long as it takes? does it mean indefinite support from the united states for ukraine or will there come a time when you have to say to president zelenskyy that the united states cannot support his country any longer? thank you. >> we're going to support ukraine as long as it takes. look at the impact that the war on ukrai

so, it is a moment for biden to show leadership that the g7. it is also on all of these measures against russia, of course, it is a moment for the entire group of seven that includes european powers, japan, and canada as well to show resolve. i think that is where this pledge to support ukraine for as long as it takes, a very sweeping plan, comes in and includes everything from arming the ukrainians to financial and humanitarian aid. it is very broad. at some point it takes on germany and france. which, for a long time now, have been concerned about sort of taking on russia frontally and have been calling for diplomacy alongside supporting ukraine's military defense. haidi: the president tried to reboot his build back better world program to counter china's belt and road initiative. how did that go down? we know that the president has struggled to get domestic legislation through congress. tony: time will tell. it is a revival of something that they u.s. or biden came with last year, as you say, it really faltered. again, you have to say this y