Business Matters

In three months, conflict in Ukraine has destroyed parts of the country, hurt Russia's economy, and sent shockwaves across the globe. Countries are experiencing never-before-seen inflation, and a critical lack of supplies is forecast to worsen. Then there's the matter of who should pay for the colossal damage inflicted on towns and cities in Ukraine. At the World Economic Forum in Davos, world leaders are trying to solve the problem. A former Ukranian Finance Minister Natalie Jaresko, gives her view on the true cost.Much of the world's focus is on the outcome of that summit, but there's another one happening in Tokyo which could set the course of Asian trade relations for years to come. The Quad countries - Australia, the US, Japan and India - are meeting to discuss matters like China, inflation in the south of the continent, and a new US-led Pacific trading agreement. Tanvi Madan. Director of the Indian Project at the Brookings Institute, takes us through what to expect.ABC's senior business correspondent Pe