
US President Donald Trump has fired off a string of angry tweets criticising America's closest allies hours after leaving a divisive G7 summit in Canada. Mr Trump said the US paid “close to the entire cost of Nato” to help protect countries that “rip us off on trade”.

Of the hundreds of images taken at the Group of Seven summit in Quebec City this weekend, the one released by the office Angela Merkel appears to sum up Donald Trump’s entire trip.

Boris Johnson reportedly warned there may be a Brexit “meltdown” in comments made at a private dinner this week. The UK foreign secretary also referred to the Treasury as the “heart of Remain”, according to a report by Buzzfeed.

A US team is holding talks with North Korean officials to prepare a possible meeting between President Donald Trump and the North's leader Kim Jong-un. The talks in the village of Panmunjom, in the demilitarized zone between the two Koreas, are the latest sign that the summit could take place after all.

After the presidential election in Venezuela on May 20, in which President Nicolás Maduro was re-elected, a wave of arrests has been reported among Venezuelan military in several parts of the country. As well as releases and new arrests of civilians and soldiers for political reasons.

The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.

United States lawmakers passed Tuesday the first major rollback of banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts.

President Donald Trump on Monday increased pressure on Venezuelan President Nicolas Maduro with an executive order that restricts his regime from selling off public assets and blocks purchases of the country's debt.

Venezuela’s populist leader Nicolas Maduro won a new six-year term on Sunday, but his main rivals disavowed the election alleging massive irregularities in a process critics decried as a farce propping up a dictatorship. Victory for the 55-year-old former bus driver, who replaced Hugo Chavez after his death from cancer in 2013, may trigger a new round of western sanctions against the populist government as it grapples with a ruinous economic crisis.

Two days before presidential elections in Venezuela, the Trump administration on Friday announced sanctions against a powerful governing party politician, accusing him of drug trafficking, extortion, money laundering and embezzling government money.