S&P cuts Sri Lanka to ‘selective default’ on missed payments
April 25 (Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selectiveContinue Reading
Category: Business
Trump says he won’t return to Twitter if account reinstated after Musk takeover
WASHINGTON – Former U.S. President Donald Trump said on Monday that he will not return to social media platform TwitterContinue Reading
Elon Musk to buy Twitter for $54.20 a share, totaling approximately $44 billion
(New York) Twitter has agreed to sell itself to Elon Musk in a deal valued at around $44 billion, theContinue Reading
Twitter in talks with Musk over bid to buy platform
Twitter’s board is negotiating with CEO Elon Musk over his bid to buy the social media platform and a dealContinue Reading
Sri Lanka authorities postpone proposed airlines lease amid criticism
Sri Lanka’s Committee on Public Enterprises (COPE) has instructed the national carrier SriLankan Airlines to delay its procurement process toContinue Reading
Sri Lanka stock exchange halts again after 13% plunge
Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse’s tentative reopening afterContinue Reading
Indian Finance Minister Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
Sri Lanka could be given temporary classification as a lower-income country — from the current middle-income status — to helpContinue Reading
Foreign airlines cut flights to Sri Lanka; cargo carriers insist on payments in dollars
International airlines operating to Sri Lanka, including Emirates, have drastically pruned flights to Colombo while cargo carriers this week turnedContinue Reading
Sri Lanka’s economic crisis dashes hopes for post COVID-19 tourism recovery
GALLE – With its ancient fort and sandy beaches, the city of Galle on Sri Lanka’s southern coast should beContinue Reading
Sri Lanka to receive $300 million to $600 million over next 4 months from World Bank help to face economic crisis- Finance Minister
COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over theContinue Reading
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