Bankrupt Sri Lanka says treasury running dry, cuts spending
COLOMBO, (AP/AFP)- Bankrupt Sri Lanka announced on Tuesday sharp government spending cuts and warned it had barely enough revenue to payContinue Reading
Category: Business Briefing
Ronaldo set for grand unveiling after shock Saudi move
(AFP)- Portugese superstar Cristiano Ronaldo will be unveiled before thousands of fans at Saudi Arabia’s Al Nassr club on Tuesday,Continue Reading
Sri Lanka’s new austerity measure – No government jobs
(AFP)-Sri Lanka began a fresh austerity drive Monday, freezing government recruitment as new taxes and higher electricity prices kicked inContinue Reading
Sri Lanka Welcomes New Russian Flights After Tourism Plea
(AFP)-Sri Lanka on Thursday welcomed the first Russian travelers aboard a new flight service that was launched after the bankruptContinue Reading
Sri Lanka’s national consumer price inflation eases to 65% in Nov
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 65% in November after a 70.6% jump inContinue Reading
Elon Musk actively searching for a new Twitter CEO, sources tell CNBC
Twitter owner and CEO Elon Musk is searching for a new chief executive of the company, sources told CNBC’s David Faber. Musk, whoContinue Reading
Sri Lanka’s economy shrinks 11.8% in second-worst quarterly performance
COLOMBO (Reuters) -Sri Lanka’s economy shrank 11.8% in the July-September quarter from a year ago, government data showed on Thursday,Continue Reading
IMF Not Expected to Discuss Sri Lanka Before Year End -Sources
LONDON (Reuters) – The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s $2.9Continue Reading
U.S. to announce scientific breakthrough on fusion energy could pave the way for UNLIMITED clean energy -sources
WASHINGTON (Reuters/CNN) – The U.S. Department of Energy will announce on Tuesday that scientists at a national lab have madeContinue Reading
Bankrupt Sri Lanka clears budget as IMF bailout delays
COLOMBO (AFP) Crisis-hit Sri Lanka’s parliament Thursday approved President Ranil Wickremesinghe’s 2023 budget, vital to raising government revenue and securingContinue Reading
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