Sri Lanka economy could shrink by -3.5% to -4%, president says
COLOMBO (Reuters) – Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, PresidentContinue Reading
Category: World News
Watch: Flooded Auckland airport closes, supermarkets inundated, amid torrential rain in New Zealand
WELLINGTON, New Zealand (AP) — Torrential rain and wild weather in Auckland on Friday caused disruptions throughout New Zealand’s largestContinue Reading
British Home Secretary mulls cut to post-study student visa stay in UK
The new Graduate Visa route, which allows foreign graduates – including Indians – the chance to stay on to jobContinue Reading
Hindenburg shorts India’s Adani citing debt, accounting concerns; shares plunge
BENGALURU (Reuters) – Hindenburg Research said it held short positions in India’s Adani Group, accusing the conglomerate of improper useContinue Reading
China offers Sri Lanka debt moratorium, IMF help still in doubt
NEW DELH/COLOMBO (Reuters) -The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and saidContinue Reading
Sri Lanka seen holding interest rates as inflation fight continues; IMF deal key
COLOMBO (Reuters) – The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week,Continue Reading
Sri Lanka expects financing assurances from China for IMF deal within days
COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock aContinue Reading
India says it is committed to boosting investment in crisis-hit Sri Lanka
COLOMBO, Jan 20 (Reuters) – India has told Sri Lanka it is committed to boost investment in its debt-ridden neighbour,Continue Reading
New Zealand Prime Minister Ardern to leave office in Feb, sets October election
ELLINGTON, New Zealand (AP) — New Zealand Prime Minister Jacinda Ardern, whose empathetic handling of the nation’s worst mass-shooting andContinue Reading
India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF
COLOMBO (Reuters) -India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring plan as theContinue Reading
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