The challenges of finding consensus among G7 leaders
The challenges of finding consensus among G7 leaders
Vassy Kapelos breaks down how even without the presence of U.S. President Trump, consensus was difficult to arrive at among G7 leaders.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
39 minutes ago
- Globe and Mail
Zacks Investment Ideas feature highlights: RTX
For Immediate Release Chicago, IL – June 18, 2025– Today, Zacks Investment Ideas feature highlights RTX RTX. Defense Giant Hits All-Time High Amid Israel-Iran Conflict Stocks opened lower on Tuesday morning amid rising tensions in the Middle East, pushing the major US indexes off their recent highs. President Trump called for an evacuation of Iran's capital city, sending shockwaves in Tehran as a mass exodus appeared underway. Israel has been conducting air strikes since late last week, and the Israeli military stated that it has total control over the skies of Tehran. Israel's Prime Minister Benjamin Netanyahu vowed that the operation against Iran's nuclear and military facilities would continue "for as many days as it takes." Despite yesterday's reports of a potential de-escalation, hostilities appear ongoing for the time being. These types of foreign conflicts are always tragic. We certainly don't want to minimize them in any way, shape or form. But from an investment perspective, it's important to keep in mind that markets have a way of moving past geopolitical events fairly quickly. The latest developments in the Middle East understandably have many investors on edge. As strategists, we face the grim task of separating the human toll from the economic and financial toll, which is never easy when lives are lost in times of geopolitical conflict. Putting Recent Events into Perspective How have markets responded to significant geopolitical and historical events in the past? We looked back at nearly 40 such events dating back to World War II. On average, three months following the onset of the event, stocks were slightly higher. Generally speaking, these events can spark heightened volatility in the near-term, but stocks tend to bounce back fairly quickly. As serious as this escalation and the prospect of war are, prior instances have shown us that developments may not have much of an impact on U.S. economic fundamentals or corporate profits. Note that the larger negative figures also coincided with bear markets, such as the March 2020 COVID-19 plunge or the inflation-induced bear market of 2022. Of course, we cannot dismiss the risk that the latest conflict may escalate further. But the stock market's track record of recovering quickly from these events can at the very least provide a sense of reassurance to investors. We need to keep the big picture in mind and remember that the primary secular trend is bullish and remains intact. We do not want to allow excessive fear of a pullback or deeper correction to harm our longer-term returns. Defense Giant Soars to All-Time High RTX Corporation, a leading aerospace and defense company, has seen its stock hit fresh all-time highs amid the Israel-Iran conflict. Shares are widely outperforming the market this year, up better than 28% at the time of this writing. Formerly Raytheon Technologies, RTX specializes in avionics and mission systems. The company designs and manufactures the world's most advanced aircraft engines and auxiliary power systems. RTX also provides advanced capabilities in air and missile defense, smart weapons, sensors and radars, and cybersecurity tools. The defense juggernaut is part of the Zacks Aerospace – Defense industry group, which currently ranks in the top 28% out of approximately 250 industry groups. Investors should make a habit of targeting companies contained within leading industries, as research has shown that these stocks have a greater chance of producing outperformance. RTX boasts a stellar track record of exceeding earnings estimates and has delivered a trailing four-quarter average earnings beat of 9.9%. Consistently beating earnings estimates is a recipe for success. Analysts covering RTX are expecting earnings to increase 4.2% in 2025 on $84.1 billion in revenues. The company continues to receive ample orders from the Pentagon and foreign allies. An impressive backlog of $92 billion at the end of Q1 points to solid revenue growth prospects for its defense business, boosting its bottom line over the long-term. Bottom Line It's never easy dealing with uncertainty. There's always volatility along the way, even in the strongest bull markets. It's also important to not get stuck on a story (like a geopolitical event). We can't allow fear of a deeper correction to harm our long-term returns. The way we do that is by using the data in hand to make the best decision, maintaining maximum flexibility and remaining unbiased in our approach. Defense stocks are a good way to smooth out any volatility related to foreign conflicts. Keep an eye on RTX as the stock breaks out to all-time highs. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RTX Corporation (RTX): Free Stock Analysis Report
Canada Standard
an hour ago
- Canada Standard
"Positive development": Union Minister Hardeep Singh Puri after India, Canada agree to reinstate high commissioners
New Delhi [India], June 18 (ANI): Union Minister Hardeep Singh Puri on Wednesday hailed the recent engagement between India and Canada as a 'positive development', after Prime Minister Narendra Modi and his Canadian counterpart Mark Carney 'agreed to take calibrated steps to restore stability to the relationship' and decided to restore High Commissioners to each other's capitals. The Union Minister stated that after the meeting between Prime Minister Narendra Modi and Canadian PM Mark Carney, the bilateral relationship will now be handled in a more focused manner. 'With Canada, I think there is a special significance... The relationship had almost completely derailed... But the decision that the two sides, after a very fruitful discussion that the PM had with his Canadian counterpart, restore diplomatic decision that designated new envoys to be stationed in Canada and India, I think, is a very positive development. 'It means that the relationship will now be handled in a more focused manner,' Puri told ANI. During the meeting at the sidelines of the G7 Summit held in Canada's Kananaskis, PM Modi and Canadian PM Mark Carney also agreed to resume senior-level dialogues on trade, people-to-people contact, and connectivity. They also decided that the trade negotiations -- which were paused -- will be taken up soon. Both countries also planned to collaborate on clean energy, technology, digital infrastructure, artificial intelligence (AI), food security, and critical minerals. The leaders agreed to stay in touch and meet again soon to further strengthen their ties. Last year, tensions had escalated between India and Canada when former Canadian Prime Minister Justin Trudeau claimed that his government had 'credible allegations' of India's involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar in Canada in 2023. India has strongly denied the allegations, terming them 'absurd' and 'motivated', and has accused Canada of giving space to extremist and anti-India elements. In the aftermath, India recalled six diplomats from Canada after they were declared 'persons of interest' by Canadian authorities investigating Nijjar's killing. Nijjar was shot dead outside a gurdwara in Surrey, British Columbia, on June 18, 2023. Puri also took a dig at the Congress party, accusing it of spreading 'fake news.' The BJP leader asserted that Prime Minister Modi has been actively participating in the G7 summits for several years and continues to play a key role in advancing diplomatic engagement on the global stage. '...Since this G7 Summit was being hosted by Canada, in Calgary, there were a lot of fake narratives which were flowing out of the lie-producing factory which is presently anchored in the INC - things about not being invited, this has not happened, that has not happened.' Facts of the matter are that the PM has been an invitee to G7 Summits for several years now. He not only participates but he is always promoting the processes of diplomacy and peace no matter where the tension points globally are,' the Union Minister of Petroleum and Natural Gas said. Narendra Modi concluded his visit to Canada, where he participated in the G7 Summit and departed for Croatia. During his visit, PM Modi expressed gratitude to the people and government of Canada for hosting a successful G7 Summit and underscored how India remains committed to the cause of global peace, prosperity and security. (ANI)
Canada Standard
an hour ago
- Canada Standard
Both committed towards realising potential of India-Canada relationship: Canadian PM Carney on meet with PM Modi
Kananaskis [Canada], June 18 (ANI): Canadian Prime Minister Mark Carney held a press conference as the G7 Summit came to its conclusion, where he answered several pressing questions, including those on his meeting with Prime Minister Narendra Modi. Answering a question on the India-Canada ties, PM Carney said, 'In terms of the bilateral relationship, I think the meeting today was important. I would describe it as foundational, as a necessary first step, an exchange of views, a frank, open exchange of views around law enforcement, transnational repression as two examples, an agreement to provide the necessary foundations to begin to rebuild a relationship based on mutual respect, sovereignty, trust.' In his remarks, he noted that the two countries would work on appointing their High Commissioners again. Carney told the media, 'We will move to appoint high commissioners again, and let me just finish by putting that in context, which is that there are very deep ties of people and businesses between Canada and India. It's well known, it's part of your point about where the relationship could go. And they are not served at present by consular services in effect-- certainly by high commissioners, and it's necessary to have that level of service as a basis on which to build out again in the context of respect for sovereignty and to begin to realise the potential of the relationship, and we will. We're both committed to working towards that, but there's a lot of work that will need to be done.' When asked about the case of Hardeep Singh Nijjar, the Canadian Prime Minister said, 'We have had a discussion, Prime Minister (Modi) and I, about the importance of having the law enforcement to law enforcement dialogue, which is cooperation directly; the importance of addressing transnational repression as I noted, when we met, and obviously there is a judicial process that's underway and I need to be careful about further commentary.' Last year, tensions had escalated between India and Canada when former Canadian Prime Minister Justin Trudeau claimed that his government had 'credible allegations' of India's involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar in Canada in 2023. India has strongly denied the allegations, terming them 'absurd' and 'motivated,' and has accused Canada of giving space to extremist and anti-India elements. In the aftermath, India recalled six diplomats from Canada after they were declared 'persons of interest' by Canadian authorities investigating Nijjar's killing. Nijjar was shot dead outside a gurdwara in Surrey, British Columbia, on June 18, 2023. After the meeting between PM Modi and his Canadian counterpart during the sidelines of the G7 Summit, the leaders reaffirmed the importance of India-Canada ties and agreed to take constructive steps to restore stability in the relationship, with the early return of High Commissioners to each other's capitals, the Ministry of External Affairs (MEA), said in a statement on Wednesday. In his remarks, Carney also spoke about several global issues of importance. On the situation in West Asia, Carney said, 'G7 leaders also reiterated our commitment to the pursuit of peace and stability in the Middle East. Iran is the principal source of regional instability and terror, and we've been consistently clear that Iran can never have a nuclear weapon. We urge that the resolution of the Iranian crisis leads to a broader de-escalation of hostilities, including a ceasefire in Gaza.' Speaking about the Russia-Ukraine Conflict, Carney told media, 'With our international partners, we're launching a major new package of sanctions on individuals, companies, vessels, the shadow fleet to exert maximum pressure on Russia. We're also sending over two billion dollars in funding for drones, ammunition, armoured vehicles to help Ukrainians defend their territory and a 2.3 billion dollar loan to help rebuild the infrastructure'. The G7 Summit is an annual gathering of leaders from the United States, the United Kingdom, France, Germany, Japan, Italy, Canada, and the European Union (EU). This marked PM Modi's sixth consecutive participation in the G7 Summit. (ANI)
