- World champion Sakamoto takes Skate Canada lead over Liu
- Sainz tops times as Russell crashes in Mexico GP practice
- Three moments from King Charles Pacific tour
- Commonwealth announces Ghana foreign minister as new secretary general
- Gaza ministry accuses Israel of storming hospital, reports two children killed
- King Charles III departs Samoa, wrapping Pacific tour
- G7 finalize $50 bn Ukraine loan backed by Russian assets profits
- Ex-Abercrombie CEO pleads not guilty to sex crimes
- Unfulfilled talent? Two-time champion Alonso clocks up 400th F1 race
- Guardiola praises 'incredible' mentality of Man City stars
- Chelsea boss Maresca wants more 'leadership' from captain James
- US issues historic apology for Native American boarding school atrocities
- Moody's cuts France outlook, opening door to credit downgrade
- Drone sparks fire on Kyiv residential building, one dead
- Gaza ministry says two children die in hospital in Israeli raid
- Wood brace fires Forest as Leicester boss Cooper loses reunion
- Dodgers draw on Bryant's 'Mamba mentality' for World Series
- 'Fascist' row overshadows glitzy night on US campaign trail
- Modern art museum breathes new life into downtown Warsaw
- Russell tops crash-hit Mexico GP practice
- Fils, Shelton set for friendly fire in Basel semi-finals
- Internet blackout hits Mozambique capital after election protests
- Yankees, Dodgers poised for World Series blockbuster
- 'Catfish' predator who drove US girl to suicide jailed for life in N.Ireland
- NASA astronaut hospitalized after return from ISS
- Biden apologizes for Native American boarding school atrocities
- Mexico rules out designating drug violence as 'terrorism'
- Emery wants no let-up from Aston Villa
- Boeing exploring sale of space business: report
- G20 affirms commitment to transition from fossil fuels
- Shami misses India's tour of Australia as Easwaran named as potential Rohit cover
- BHP, Vale agree to pay $30bn damages for Brazil dam disaster
- 75 sickened as McDonald's severe E. Coli outbreak expands
- Turkmenistan's 'Gateway to Hell' lit gas pit faces closure
- Kickboxing takes Senegal by storm despite tight funds
- Waymo ramps up robotaxi push with $5.6 bn in funding
- Elon Musk all-in for Trump as Moscow denies secret Putin talks
- Covid lessons learned? UN summit mulls plan for healthy planet, and humans
- Borthwick unveils new contracts for leading England players
- Sexual assault scandal rocks Spain's 'most feminist' govt
- France must make 'credible' progress on deficit: finance minister
- Stock markets diverge going into weekend
- BHP, Vale agree to pay $30bn compensation for Brazil dam disaster
- Verstappen says 'definitely' his intention to remain at Red Bull
- Mbappe can launch Madrid career in first Clasico
- A monumental dump and Obama the rapper: an offbeat US campaign week
- Biden to apologize for abusive Native American boarding schools
- Pressure is part of manager's life, says troubled West Ham boss Lopetegui
- Gaza ministry says Israel forces detaining hundreds at hospital
- Hirscher confirms return from retirement at World Cup opener
G7 finalize $50 bn Ukraine loan backed by Russian assets profits
G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday.
Leaders of the Group of Seven wealthy democracies said they "have reached a consensus on how to deliver" the loans of approximately $50 billion, with an aim to start disbursing funds by the end of this year.
"The loan proceeds will be disbursed through multiple channels to support Ukraine's budgetary, military and reconstruction assistance," G7 leaders added.
Their announcement came as world financial leaders gathered in Washington this week for meetings hosted by the International Monetary Fund and World Bank.
Finance ministers have "agreed on a technical solution ensuring consistency, coordination, fair distribution of lending, and solidarity among all G7 partners," the statement said.
"We will not tire in our resolve to give Ukraine the support it needs to prevail," the leaders added.
They called on Moscow to end its war and pay for damage caused to Ukraine.
- $20 bn US support -
This week, US President Joe Biden said that as part of the G7 package, the United States would provide $20 billion in loans to Ukraine, to be paid back by the interest earned from immobilized Russian sovereign assets.
This is aimed at supporting Ukraine now, "without burdening taxpayers."
"Our efforts make it clear: tyrants will be responsible for the damages they cause," Biden said.
US Treasury Secretary Janet Yellen signed a statement Wednesday with her Ukrainian counterpart Sergii Marchenko marking their intent to enter into the loan.
The move also committed that new United States or Ukrainian tax dollars would not be the source of repayment.
Economic concerns remain top-of-mind for US voters, with just over a week to go before the country's presidential election on November 5.
Washington aims to provide at least $10 billion of the loans for economic support, with the other half expected to take the form of military aid.
But this will require additional authorization from Congress.
The remaining $30 billion in loans is set to come from a combination of G7 partners, including the European Union, United Kingdom, Canada and Japan, US officials said.
"We have once again made clear our unwavering commitment to stand by Ukraine for as long as it takes," said the G7 statement on Friday.
"Time is not on President (Vladimir) Putin's side."
J.Fankhauser--BTB