Sri Lanka’s Parliamant approves budget amid economic crisis
COLOMBO (AP)- Sri Lanka’s Parliament approved a budget on Thursday that includes reforms aimed at improving the country’s finances as itContinue Reading
Category: Business Briefing
Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’
Dec 1 (Reuters) – Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”, citingContinue Reading
Sri Lanka’s debt to China close to 20% of public external debt -study
LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt –Continue Reading
Sri Lanka’s national consumer price inflation slows to 70.6% in Oct
(Reuters) -Sri Lanka’s National Consumer Price Index (NCPI) slowed year-on-year to 70.6% in October after a record 73.7% jump inContinue Reading
Trump snubs Twitter after Musk announces reactivation of ex-President’s account
Nov 19 (Reuters) – Donald Trump on Saturday said he had no interest in returning to Twitter even as aContinue Reading
Hundreds of Twitter employees flee after Musk’s ‘hardcore’ ultimatum- raising questions about platform’s stability
(Reuters) -Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from newContinue Reading
Sri Lanka govt takes over $1.7 bn in debt owed to China
(AFP)-Crisis-hit Sri Lanka said Monday it would take responsibility for $1.7 billion owed to China by state enterprises as itContinue Reading
Amazon founder Jeff Bezos says he plans to give away most of his $124 billion fortune
Billionaire Amazon founder Jeff Bezos recently said he plans to give away the “majority” of his fortune. Bezos’ comments were made inContinue Reading
Sri Lanka budget lays down plans to clinch IMF deal; markets not enthused
COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies, which areContinue Reading
In less than a week, founder and former CEO of FTX, a cryptocurrency exchange, Sam Bankman-Fried’s $16 billion fortune evaporates
New York (CNN Business) — Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning toContinue Reading
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