economic crisis
- Business
India to extend Sri Lanka’s 1 bn dollar credit line by a year
Colombo: India on Tuesday extended its under-utilised USD 1 billion credit line to Sri Lanka for another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed…
- World
Sri Lankan President Wickremesinghe keen to end ethnic conflict by year-end
Colombo: Sri Lankan President Ranil Wickremesinghe on Monday said he is keen on settling the ethnic conflict with the minority Tamil community by the end of this year as he emphasised that the…
- World
Sri Lanka’s inflation drops further to 50.3% amid economic crisis
Colombo: Sri Lanka’s inflation decreased to 50.3 per cent in March from 50.6 per cent the previous month amid the ongoing economic crisis, official statistics revealed. The year-on-year inflation of the food…
- World
Liz Truss pledges to get country through stormy days
London: British Prime Minister Liz Truss on Wednesday promised to get the country through “stormy days”, as she launched a blistering attack on the “anti-growth coalition” trying to hold back her pro-growth…
- Middle East
Lebanon: Banks reopen after people protest armed with guns
Beirut: Lebanese banks reopened on Monday, after being closed for the past week, due to escalating security concerns after a series of incidents involved people seeking to access their savings by entering…
- Middle East
Lebanon banks to close for 3 days over security concerns
Beirut: Lebanese banks will close for three days starting from Monday amid mounting security concerns, local media reported. The Association of Banks in Lebanon announced the closure after angry depositors across the…
- Pakistan
Floods and economic crisis: A saga of Pakistan’s insensitivity
Islamabad: The worst floods in several decades have wrecked havoc in Pakistan, one of the most populous countries of South Asia. The floods have touched the countrys 220 million peoples lives directly…
- Middle East
Lebanon on brink of becoming failed state amid economic, social fiasco
Beirut: Lebanon is facing a full economic meltdown and is virtually on a precipice economically, politically and socially. Although it cannot yet be described as a failed state, it is on the…
- World
Flood losses in Pakistan estimated up to $20bn
Islamabad: The latest information suggests that economic losses and damages caused by the flash floods in Pakistan could range between $15 billion to $20 billion, as the government fears up to 12…
- India
India faces its ‘worst-ever economic crisis’, heading towards ‘disaster’: Rahul
Kanyakumari: Congress leader Rahul Gandhi on Wednesday said India is facing its “worst-ever economic crisis” and is heading towards a “disaster”, while also alleging that a handful of large businesses are controlling…
- Pakistan
Lack of clean drinking water spiking diseases in flood-hit Pak
Islamabad: Aid workers warn a lack of clean drinking is causing an increase in diseases in Pakistan, as the death toll from devastating floods crosses 1,200, the media reported. Access to clean…
- Middle East
Lebanon children deprived of basic necessities: UNICEF report
Beirut: Three years of the devastating crisis in Lebanon have plunged children into a cycle of poverty, negatively affecting their health, increasing levels of frustration, and having lost confidence in parents for…
- World
Staple foods unaffordable, severe malnutrition among highest in region: UNICEF
New York: As Sri Lanka continues to suffer its worst financial slump, staple foods have become unaffordable, severe malnutrition is among the highest in the region and it is the poorest, most…
- World
Sri Lankan economic crisis: 8 members reach Indian coast, rescued
Chennai: Amid looming economic crisis and political instability in the island nation, eight more people from Sri Lanka reached the Indian shores at Arichalmunai, Rameswaram, sources said on Monday. The eight members of…
- Middle East
Iran to raise pensions by 38%
Tehran: Iran is planning to increase pensions by 38% to help offset rising prices and high inflation. The change is due to take effect at the end of August, according to the…
