G7 foreign ministers took a tough stance on China on Friday, stepping up language on Taiwan and omitting some conciliatory references from past statements, including to "one China" policies.

Industrial policies are increasingly shaping key sectors such as clean energy, technology, and critical raw materials, raising concerns about distorted competition.

Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade,