G7 to discuss weaning Europe off Russian oil amid Ukraine crisis
G7 energy ministers will meet in Rome next week to discuss how to counter Russian dominance of European energy markets.
Natural Resources Minister Greg Rickford said Friday the Group of Seven ministers are gathering in response to events in Ukraine that serve as a reminder of the connection between energy security and national security.
Global economy strengthening but significant risks remain, says OECD
Paris, France - The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the past economic crisis, according to the latest Economic Outlook from the Organisation for Economic Co-operation and Development (OECD).
`Advanced economies are gaining momentum and driving the pick-up in global growth, while once-stalled cylinders of the economic engine, like investment and trade, are starting to fire again,` OECD secretary-general Angel GurrÃa said.
Japan's economy grows at fastest pace in two years as consumers rush to spend before tax hike
Japan`s economy grew in the January-March quarter at the fastest pace in more than two years as consumers rushed to spend before a sales-tax hike and business investment rose in a sign of confidence in the prospects for future growth.
The 5.9 per cent annualized expansion in the first quarter handily beat expectations of 4.2 per cent growth in a Reuters poll of economists.