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BBCNEWS World Business Report July 7, 2024

with the start of wimbledon, we take a look at how sponsors are trying to ace the event. let s start with more on the important meeting taking place in the bavarian mountains today, where g7 leaders are gathered for their latest summit. the conflict in ukraine and the effects the russian invasion is having on the global economy is top of the agenda. leaders will consider imposing a price cap on russian crude, which is an idea strongly supported by the white house. russian oil and gas sales could hit $285 billion this year, which is 20% higher than last year s figure. as well as discussing energy food inflation and security is causing a headache for g7 leaders. with around 20 million tonnes of grain stuck inside ukraine, unrest has erupted in countries from indonesia to iran, and hunger now is predicted to affect 867 million people this year. to discuss this i m joined by professor olivier de schutter co chair of the international panel of experts on sustainable food syste

Saudi Aramco holding LNG talks with US firms Tellurian, NextDecade, sources say

Oil giant Aramco is in talks with U.S. firms Tellurian and NextDecade on two separate liquefied natural gas projects as the Saudi firm seeks to boost its gas trading and production, three sources.

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