Food, fuel price shocks from Ukraine war to last at least 3 years, World Bank says
LONDON (Reuters) – Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until atContinue Reading
Category: Business
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
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
