Virus variants threaten global recovery, G20 warns

Differences in vaccination levels between the world's rich and poor remain vast. WHO Director-General Tedros Adhanom Ghebreyesus has called the divergence a "moral outrage" that also undermines wider efforts to tame the spread of the virus.

VENICE, Italy: An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday.

The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens.