Group of Seven leaders on Sunday (Jun 26) pledged to raise US$600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China's older, multitrillion-dollar Belt and Road project. US President Joe Biden and other G7 leaders relaunched the newly renamed "Partnership for Global Infrastructure and Investment," at their annual gathering being held this year at Schloss Elmau in southern Germany. Biden said the United States would mobilise US$200 billion in grants, federal funds and private investment over five years to support projects in low- and ... (full story)