- Deep takes two as Bangladesh totter in reply to India's 376
- Israel pounds Lebanon's Hezbollah after device blasts
- Revolution or mirage? Controversy surrounds new Alzheimer's drugs
- Ashwin's 113 powers India to 376 in Bangladesh Test
- Biden opens home to 'Quad' leaders for farewell summit
- Sally Rooney returns with 30-something questions
- Wallabies sense 'massive' chance to upset All Blacks
- Taiwan questions two in probe into Hezbollah pagers
- Viral Korean Olympic shooter scores first acting role as assassin
- Farrell set for 'challenge' of downing Bordeaux in Top 14
- Springbok Etzebeth diverts attention from looming caps record
- Inter on a high ahead of Milan derby as Napoli face Juve test
- Bank of Japan leaves key interest rate unchanged
- Arnold quits after six years in charge of Australia
- Asian markets track Wall Street record to extend global rally
- Guirassy and Anton to return to Stuttgart with new side Dortmund
- Marseille bidding to continue 'almost perfect' Ligue 1 start
- Arnold quits as coach of Australia men's football team
- Harris and Oprah hold star-studded US election rally
- Allies to remember failed WWII parachute operation
- Perez leading new-look Villarreal charge against leaders Barca
- Man City face Arsenal in Premier League title showdown, Postecoglou under pressure
- Fake celebrity endorsements, snubs plague US presidential race
- Documentary brings Argentine 'death flights' to the big screen
- Strike shows challenge to Boeing 'reset' of labor relations
- World leaders to gather at UN as crises grow and conflicts rage
- How plastic pollution poses challenge for Canada marine conservation
- Scientists track plastic waste in pristine Canada marine park
- South Africa's Buhai grabs LPGA Queen City lead
- Japan inflation firms to 2.8% ahead of BoJ rate decision
- Russia's Kadyrov accuses Musk of 'remotely disabling' his Cybertruck
- Titan sub had to abort a dive days before fatal implosion: testimony
- Ohtani makes MLB history with first 50-homer, 50-steal season
- Ohtani eyes MLB history after surpassing 50 stolen bases, 49 homers
- Ohtani eyes MLB history after surpassing 50 stolen bases
- Barca downed by Monaco as Arsenal held in Champions League stalemate
- Head's 'good night at office' after century seals win over England
- Dubois seeks legitimacy with Joshua scalp
- Rate cut could lift consumer spirits before US elections
- Last-gasp Gimenez strike sends Atletico past Leipzig
- Barca stumble at Monaco after early red card
- Raya heroics save Arsenal in Champions League opener at Atalanta
- Cathay Airbus engine fire linked to cleaning: EU regulator
- Guardians beat Twins to secure MLB playoff berth
- Jihadist attack in Mali capital killed more than 70: security sources
- Alonso hails 'efficient' Leverkusen after Feyenoord rout
- Head's hundred seals Australia win over England in 1st ODI
- Ex-Man United striker Anthony Martial joins AEK Athens
- NFL unbeatens meet as Texans visit Vikings, Steelers host Chargers
- Head's hundred seals Australia win over England in 1st ODI after Labuschagne strikes
G7 meeting to focus on Ukraine aid: World Bank
Finance ministers of the Group of Seven most developed nations will meet Tuesday to discuss urgent aid for Ukraine, World Bank president David Malpass announced Sunday.
In an interview with CBS he called the recent Russian invasion a "tragedy" not just for Ukraine and its neighbors but also for Russia, where per capita income has fallen below that of China.
And he said the prospect of spiking oil and food prices caused by the conflict was a "big concern."
Malpass said the financial sanctions imposed by Western countries on Russia -- notably excluding some Russian banks from the SWIFT interbank platform that facilitates trade with other countries -- "hits the banks in Russia but apparently not the oil and gas industry."
But Malpass added that "if they're able to stop the central bank of Russia from operating, that would really have an effect on Russia and (its) people."
He played down concerns that Russia could bypass SWIFT through a "mirror system" created by China, saying, "I'm not sure this will go very far."
A former US under secretary of the Treasury for international affairs, Malpass said he did not see China as a natural partner for Russia.
"The arc of history is for Russia to be closer to Europe," he said.
Malpass said the World Bank was "in a good position" to support the Ukrainian government as soon as "the next few days," and could also expedite additional aid to countries like Romania and Moldova as they deal with an influx of refugees.
The G7 ministers, Malpass added, could play a decisive role in securing aid for Ukraine.
"They're in the central banks of the G7," he said, "and they can decide a lot of how much aid goes into Ukraine."
But vulnerable global economies could be badly rattled by spiking food and oil prices, Malpass said.
"It was already at a point of fragility, because inflation really hits the poor, and this is going to drive up energy and food."
Russia is a major exporter of energy products, but Malpass said there are alternatives in the marketplace.
"The US can supply a lot more if it puts its mind to it," he told CBS.
L.Janezki--BTB