The ruling BJP party has been left without any serious challengers to its power as the Indian National Congress faces a leadership crisis in several states.

The Kremlin seemed to distance itself from a threat made by Belarusian President Alexander Lukashenko amid a standoff with the European Union.

Shipments of Russian natural gas through the Yamal Pipeline have sharply declined, a week after Russian troops invaded Ukraine. Gazprom insists it's fulfilling all of its European contracts, but the data has underscored the EU's dependence on Russian energy imports. European Commission President Ursula von der Leyen says ending that reliance is now a priority. Also in the show: the Russian rouble falls to a new record low, and Western companies continue to cut ties with Moscow.

Vladimir Putin has backtracked on a demand that European customers pay for Russian natural gas imports in roubles, staving off an immediate supply problem. But Germany has activated the first stage of an emergency law that would pave the way for gas rationing. Officials are urging households and businesses to reduce their energy consumption, as they try to diversify their suppliers. Also in the show: inflation in Spain hits a 37-year high, as the government rolls out additional aid.

The Russian leader said money would be paid into Gazprom Bank, which is not a subject of sanctions, and then transferred in rubles to Russia, according to a German statement.

The suspensions are the first since Russia insisted foreign buyers pay for gas in rubles. Both Poland and Bulgaria have said Gazprom are in breach of contact.

The world's most ignored displacement crises are in Africa, according to an annual ranking. It's the first time all 10 are on the African continent.

Already-strained global gas supplies have been shaken once again. An LNG terminal in Texas will remain offline for longer than expected after a fire last week, while Russia's Gazprom has said it's cutting supplies to Europe by some 40 percent. Also in the show: investors look ahead to a possible 0.75% interest rate hike as the US Federal Reserve tries to rein in spiralling inflation, and farmers in Ukraine worry about this year's harvest.

An Italian energy firm says the Russian company is slashing its deliveries by 50%. France's gas operator says it has not received any natural gas from Russia via its pipeline from Germany for more than a month.

The G7 summit is set to kick off in Germany, with Western leaders facing up to a daunting set of crises — Russia's war in Ukraine and climate change top the list. As DW's Richard Walker reports, these issues are nothing new for the group of leading economic powers.

The Group of Seven summit has ended with only modest solutions to the global energy and food crises. The struggles of poorer nations were sidelined by Russia's disastrous war in Ukraine.

The financial leaders of the world's leading economies are meeting in Bali as the fallout of Russia's war in Ukraine is being felt worldwide. They are not in agreement on ways to solve the economic threats.