economic crisis
- 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…
- 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…
- 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…
- World
SL: Hard economic times would last another year: Wickremesinghe
Colombo: President Ranil Wickremesinghe has said that Sri Lanka’s economic woes would last for another year and it will have to think outside the box and look at new sectors like logistics…
- World
Ranil Wickremesinghe sworn in as Sri Lanka’s new president
Colombo: Veteran politician Ranil Wickremesinghe was on Thursday sworn in as Sri Lanka’s eighth president and will face the tough task of leading the country out of its unprecedented economic crisis and…
- World
Sri Lankan crisis: Parliament votes for new president
Colombo: The Sri Lankan Parliament on Wednesday voted to elect the successor to Gotabaya Rajapaksa in a three-way contest, following a high-voltage political drama that saw the former president fleeing the country and…
- World
Sri Lanka: Protestors demand resignation of Wickremesinghe
Colombo: Amid the ongoing economic crisis in the country, a protest broke out in Colombo on Tuesday against acting president Ranil Wickremesinghe, demanding his resignation. “Recently the President of the country was…
- World
Sri Lanka crisis will have ‘big impact’ on Chinese investments, bilateral ties: Experts
Beijing: While China has so far maintained a conspicuous silence on the dramatic fall of Sri Lanka’s pro-Beijing Rajapaksa brothers, experts have warned that the current chaos in Colombo will have a…
- World
Lankan crisis: Finance Minister tries to flee country, stopped at airport
Colombo: Sri Lanka’s former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported. Basil…
- World
Sri Lanka increases key rates to 21-yr high to fight inflation
Colombo: In an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of Sri Lanka’s decided to increase the Standing Deposit Facility Rate (SDFR)…