Merger would be achieved via creation of a parent company in Netherlands in which the shareholders of each current group would own half.
G7 ministers 'fully supported a two-pillar solution to be adopted by 2020', said a statement from France.
Ex-chief of both Renault and Nissan Carlos Ghosn, is awaiting trial in Japan on charges of fraud.
Global tax rules should be updated for the digital age, Internet Association's Jordan Haas.
Leasing company Air Lease Corp on Monday announced a deal for 100 Airbus planes, including 27 of the A321XLR jets.
Undeterred by the initial setback in its plans to acquire debt-laden Essar Steel, ArcelorMittal chairman and CEO Lakshmi Mittal has emphasised that his company has never defaulted on any bank loan and held that he was on firm legal ground to meet the eligibility criteria under Clause 29A that prevents promoters of defaulting companies to bid for the assets on sale.