Banking instability to US debt default fears await G7 finance ministers


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Aid to war-torn Ukraine will be the focus of Thursday’s G7 finance meeting, but ministers and central bankers will also consider issues ranging from banking instability to US debt default fears. The world economy is still shaky following years of pandemic problems, which have been made worse by Russia’s invasion of Ukraine, as the Group of Seven developed countries meet for three days. So, before the G7 leaders meet next weekend in Hiroshima, the meetings in the seaside city of Niigata in central Japan offer an opportunity to lay out a vision for financial stability. President Joe Biden has stated...