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World Bank Chief Warns As Mistrust Divides Global South, West

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The President of the World Bank, Ajay Banga, has expressed concern over the increasing mistrust that is driving a wedge between the Global South and the West.

He pointed out that the Global South’s frustration with the developed world’s response to climate change is entirely understandable.

During a crucial gathering of G20 finance ministers in India, the newly-appointed World Bank chief highlighted the perilous consequences of widening disparities between wealthy and impoverished nations.

He emphasized that such divisions could exacerbate poverty in the developing world, particularly as many countries continue to grapple with the aftermath of the COVID-19 pandemic and the impact of global fuel and commodity price fluctuations resulting from Russia’s war in Ukraine.

Climate change, meanwhile, is most painfully affecting some of the poorest countries least able to cope.

Ajay Banga, president of the World Bank, said he feared a lack of progress was in danger of splitting the global economy, to the detriment of the world’s poorest.

“The thing that keeps me up at night is a mistrust that is quietly pulling the Global North and South apart at a time when we need to be uniting,” Banga told the two-day meeting of finance ministers and central bank chiefs in Gandhinagar, Gujarat state.

“The Global South’s frustration is understandable. In many ways they are paying the price for our prosperity,” said Indian-born Banga, a naturalised American citizen who took up the bank post last month after being nominated by United States President Joe Biden.

“When they should be ascendant, they’re concerned promised resources will be diverted to Ukraine’s reconstruction, they feel energy rules aren’t applied evenly, constraining ambition, and they’re worried the grip of poverty will pull down another generation.”

The World Bank said it is working to increase its financial capability – including by raising hybrid capital from shareholders – to spur growth and jobs, but said the future economy could not rely on expansion at the cost of the environment.

“The simple truth is: we cannot endure another period of emission-intensive growth,” Banga said.

‘Balanced and inclusive growth’
Indian Finance Minister Nirmala Sitharaman, chair and host of the get-together, launched talks on Monday by reminding leaders of their responsibility “to steer the global economy towards strong, sustainable, balanced and inclusive growth”.

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International News

Moment Military Aircraft Crashes During Airshow Near Athens (Video)

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A military aircraft has crashed during an airshow at a base outside Athens, Greece, killing the two pilots onboard.

The incident occurred on Saturday during the annual “Athens Flying Week” airshow, according to the Greek news agency ANA.

The aircraft, identified as an F-4 Phantom, had reportedly just taken off when it suddenly lost altitude and crashed.

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The crash happened in front of thousands of visitors attending the airshow and was followed by an explosion.

The two pilots aboard the aircraft died in the crash, while the circumstances that led to the aircraft losing altitude remained unclear.

A fire service helicopter was dispatched to the scene to extinguish the blaze caused by the crash, according to Greece’s public broadcaster, ERT.

Following the incident, Greek Defence Minister Nikos Dendias cancelled a planned trip to Thessaloniki’s International Fair and travelled to the crash site.

Authorities are expected to investigate the crash to determine what caused the military aircraft to lose altitude shortly after take-off.

 

See video below

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International News

JUST IN: Over 3,000 Dead as Ebola Outbreak Ravages DR Congo

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More than 3,000 people have died in the Democratic Republic of Congo (DR Congo) following the country’s deadliest-ever Ebola outbreak, according to the latest official figures released on Wednesday.

The Congolese National Institute of Public Health said the outbreak has so far killed 3,007 people and infected 6,186 others, representing a fatality rate of 48.6 per cent.

SEE MORE: DR Congo Ebola Crisis Deepens as Frontline Health Workers Threaten Strike Over Unpaid Salaries

The health agency also reported that 1,409 people have recovered from the disease.
The outbreak, which was declared in mid-May, originated in the remote northeastern province of Ituri and has spread to six provinces, including areas severely affected by insecurity and the activities of armed groups.

Ebola is transmitted through contact with infected bodily fluids and can cause severe haemorrhagic fever. The virus has killed more than 15,000 people across Africa over the past five decades.

The current outbreak is caused by the Bundibugyo strain, for which there is currently no approved vaccine or treatment.

Health authorities are facing significant challenges in containing the virus, with the response reportedly hampered by inadequate resources, insecurity and mistrust among some communities.

Several vaccines and treatments are being tested against the Bundibugyo strain. Existing approved Ebola vaccines are effective against the Zaire strain, which was responsible for the largest known Ebola outbreak.

The World Health Organisation has recommended a Phase Three clinical trial of Ervebo, a vaccine used against the Zaire strain, to determine whether it can also protect against Bundibugyo.

WHO experts remain uncertain about Ervebo’s effectiveness against the strain, although preliminary data indicate that it could provide some level of protection.

Meanwhile, a batch of 16,250 vaccine doses arrived in DR Congo at the end of August for frontline health workers, with vaccination beginning shortly afterwards in Kisangani, the capital of Tshopo Province.

The latest outbreak has already surpassed the country’s previous worst Ebola epidemic, which occurred between 2018 and 2020 and killed nearly 2,300 people from about 3,500 reported cases.

Authorities and international health partners are continuing efforts to contain the outbreak as infections and fatalities rise.

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International News

Norway’s King Harald Dies at 89, Son Haakon Becomes King

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Norway’s King Harald V has died at the age of 89, bringing an end to his more than three-decade reign and ushering in a new era for the Norwegian monarchy.

The Royal Palace announced on Friday, August 28, 2026, that the monarch died peacefully at Oslo University Hospital at 6:35am local time.

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“It is with deep sadness that we announce that His Majesty King Harald passed away today. King Harald passed away peacefully at Oslo University Hospital on Friday, August 28 at 6:35 am,” the palace said in a statement.

King Harald, who ascended the throne in 1991, had been hospitalised in Oslo since August 17 while receiving treatment for haemolytic anaemia.

His condition became “extremely serious” on Thursday, prompting members of the royal family to gather at his bedside.

His 53-year-old son, Crown Prince Haakon, has automatically succeeded him as monarch under Norway’s constitutional succession rules. He is expected to take the name King Haakon VIII.

Following the announcement of Harald’s death, the flag at the Royal Palace in Oslo was lowered to half-mast, while members of the public gathered outside the palace to lay flowers and mourn the late monarch.

Harald was widely regarded as a popular and unifying figure during his 35 years on the throne. He was also known for his modest lifestyle and efforts to modernise the monarchy.

Kaspara Bolstad, 24, described him as “a very steady and warm king.”

“I think the entire Norwegian people see him as a role model and as someone who brings people together. Whether you’re for or against the monarchy, I think he’s well-liked across the board,” she said.

Magnus Skaugseth, 27, also praised the late King’s inclusive approach.

“He was so inclusive and committed to having values that are inclusive in the society we live in today. When there is so much division and polarisation, he was a pillar pointing in the opposite direction,” Skaugseth said.

Harald had experienced several health challenges in recent years and had undergone procedures including the fitting of a pacemaker. Despite his declining health, he repeatedly ruled out abdication, maintaining that his oath to serve Norway was lifelong.

His death comes during a turbulent period for the Norwegian royal family, which has faced a series of health and personal controversies in recent months.

With Harald’s death, Crown Prince Haakon now takes over the Norwegian throne, marking the beginning of a new chapter for the country’s monarchy.

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