French-Canadian banker and politician; Minister for Industry in Borne/Atal cabinet
G7 finance ministers and central bank governors have been meeting in Paris to coordinate responses to economic risks tied to the Middle East conflict, energy and food supply chains, and volatility in bond markets. The final communiqué reaffirms commitment to multilateral cooperation and outlines plans to monitor markets and diversify critical minerals away from China. The Evian summit in June remains a focal point, with talks inviting non-member nations.
G7 finance ministers and central bank governors have been meeting in Paris to address the economic fallout from the Iran war and volatility in bond markets. While they have reaffirmed a multilateral approach and support for Ukraine, tensions persist between the United States and other members over Iran, Russia, and energy supplies. The meetings set the stage for Evian summit discussions on critical minerals, global imbalances, and energy transit.
SoftBank has announced a €75bn plan to build AI data centres in northern France and to develop up to 5GW of capacity by 2031. Governments and companies are tightening domestic energy plans in response, prompting talks on interconnectors, local refineries and nuclear or modular-reactor options to meet the data centres’ huge electricity demand.