Sri Lanka’s political turmoil sows worries for recovery
COLOMBO, Sri Lanka (AP) — A day after Sri Lanka’s president fled, Mohamed Ishad waited outside an immigration office nearContinue Reading
Category: Business
Sri Lanka’s acting President tells CNN previous government was ‘covering up facts’ about financial crisis
Colombo, Sri Lanka (CNN)-Sri Lanka’s acting President Ranil Wickremesinghe has said the country’s previous administration was “covering up facts” about its cripplingContinue Reading
Elon Musk terminating Twitter deal
Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter IncContinue Reading
Sri Lanka hikes interest rates, warns trouble ahead
Cash-strapped Sri Lanka raised interest rates one percentage point Friday, the second sharp hike in three months, as the centralContinue Reading
Sri Lanka president asks Russia’s Vladimir Putin to help import fuel
COLOMBO (Reuters) — Sri Lanka’s president on Wednesday said he urged Russian leader Vladimir Putin to help his cash-strapped island nation import fuelContinue Reading
Sri Lankans Return To Cooking With Firewood As Economy Burns
As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, peopleContinue Reading
UK Finance Minister Rishi Sunak resigns, says the government should be run ‘properly, competently and seriously’; Health Secretary also resigns
LONDON — British Chancellor Rishi Sunak resigned Tuesday, saying the government should be run “properly, competently and seriously.” “I recogniseContinue Reading
Sri Lanka PM says talks with IMF difficult due to bankruptcy
COLOMBO, Sri Lanka – Sri Lanka’s negotiations with the International Monetary Fund are more complex and difficult than in the pastContinue Reading
Lanka grinds to a halt as fuel reserves shrink
(AFP)-Sri Lanka has less than a day’s worth of fuel left, the energy minister said on Sunday, with public transportContinue Reading
Bankrupt Sri Lanka’s inflation jumps beyond 50%
Sri Lanka’s inflation hit a ninth consecutive record in June, official data showed Friday, rising to 54.6 percent a dayContinue Reading
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