The leaders of the US, India, Australia and Japan have cancelled their Quad summit after American President Joe Biden called off his trip to Sydney due to domestic issues.
They are instead expected to meet on the sidelines of the G7 summit in Japan in June.
Mr Biden was scheduled to travel to Australia, with a stop in Papua New Guinea, for the May 24 Quad summit.
But Australian Prime Minister Anthony Albenese said on Wednesday that Mr Biden had cancelled the trip.
Indian Prime Minister Narendra Modi has been invited to the G7 summit, taking place in Hiroshima from June 19 to 21, as a guest by his Japanese counterpart Kishida Fumio.
Mr Albanese has also been invited to attend.
The Quadrilateral Security Dialogue, commonly known as the Quad, is a loose strategic alliance between the US, India, Australia and Japan.
The G7 includes the US, Canada, France, Germany, Italy, Japan and the UK.
Russia was part of the forum until 2014 when it was suspended following its annexation of Ukraine’s Crimea region.
The group meets annually to discuss global issues. The summit is under Japan’s presidency this year.
First visit since nuclear tests
Mr Modi will speak on peace, sustainability, food and energy security, gender equality and climate change at the G7 summit, India's Ministry of External Affairs said.
Mr Modi’s visit is the first by an Indian prime minister since the country conducted nuclear tests in Pokhran, Rajasthan in 1974.
Mr Kishida is from Hiroshima, which was destroyed by an atom bomb during the Second World War.
India is not a signatory of the UN's Nuclear Non-Proliferation Treaty that prevents the spread of nuclear weapons and weapons technology.
It opposes the treaty, which allows countries to retain their nuclear powers if they manufactured and exploded a weapon before January 1, 1967.
India says the treaty is discriminative and has argued for a complete ban on nuclear weapons.
After the G7 summit, Mr Modi will visit Port Moresby in Papua New Guinea where he will host the third Summit of the Forum for India–Pacific Islands Co-operation.
The forum involves India and 14 Pacific Island countries.
This will be the first visit by an Indian prime minister to Papua New Guinea.
Test series fixtures
(All matches start at 2pm UAE)
1st Test Lord's, London from Thursday to Monday
2nd Test Nottingham from July 14-18
3rd Test The Oval, London from July 27-31
4th Test Manchester from August 4-8
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Zayed Sustainability Prize
KILLING OF QASSEM SULEIMANI
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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UAE currency: the story behind the money in your pockets
The years Ramadan fell in May
US households add $601bn of debt in 2019
American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.
Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.
Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.
In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.
The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.
"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.
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