IMF says Sri Lanka talks conclude May 24, monitoring developments closely
(Reuters) – An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potentialContinue Reading
Category: Business
Sri Lanka Enters Default for the first time in its history and Warns Inflation May Surge to 40%
(Bloomberg) — Sri Lanka fell into default for the first time in its history as the government struggles to haltContinue Reading
Pakistan opens talks with IMF seeking more cash to aid economy
ISLAMABAD (Reuters) – Pakistan opened long-delayed talks with the International Monetary Fund on Wednesday, seeking the release of more fundsContinue Reading
Sri Lanka to default on debt today, no money for fuel, minister says
COLOMBO (Reuters) – Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-paymentContinue Reading
Sri Lanka P.M. proposes privatizing national airline amid crisis; country’s financial health is so poor government forced to print money to pay salaries of government workers
COLOMBO, Sri Lanka (AP) — Sri Lanka’s new prime minister on Monday proposed privatizing the country’s loss-making national airline asContinue Reading
‘Next couple of months will be the most difficult ones of our lives’- Sri Lanka PM, proposes to privatize loss-making national airline
Sri Lanka’s Prime Minister in a special address to the nation warned the country that difficult months were ahead. ‘TheContinue Reading
Elon Musk says Twitter deal ‘temporarily on hold’
Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spamContinue Reading
Electronic Arts confirms FIFA split and plans to launch EA Sports FC series
Electronic Arts has confirmed that it is ending its partnership with FIFA following the release of the next entry inContinue Reading
If I die under mysterious circumstances, it’s been nice knowin’ ya’: Elon Musk claims he’s being threatened by Russians after he provided internet to Ukraine
Musk, 50, has been using Starlink, a constellation of more than 2,000 satellites in low Earth orbit, beaming internet connectionsContinue Reading
Rising interest rates in US will hinder foreign economies including Sri Lanka
WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stopContinue Reading
