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Results for
Economic crisis
24 Results-
Sri Lanka’s ex-President expected to return from Singapore after fleeing protests
Former Sri Lankan President Gotabaya Rajapaksa is expected to return home from Singapore where he has been staying for nearly two weeks after fleeing ... World News -
US envoy to Sri Lanka expresses ‘grave concern’ over violence against protesters
The United States’ Ambassador to Sri Lanka said she met the new president to express her “grave concern” over violence against protesters in Colombo ... World News -
A look at Sri Lanka’s new president, a divisive choice for fixing its economic crisis
Sri Lanka’s prime minister was elected president Wednesday by lawmakers who opted for a seasoned, veteran leader to lead the country out of economic ... World News -
Sri Lanka talks to move quickly when new leaders set amid economic crisis: IMF
The International Monetary Fund assured that debt-restructuring talks with Sri Lanka will proceed “quite quickly as soon as a new government is in ... World News -
Sri Lanka deploys heavily armed troops ahead of anti-government rally
Thousands of heavily armed troops were deployed in Sri Lanka’s capital Friday ahead of a planned rally demanding the ouster of embattled President ... World News -
Qatar provides Lebanon’s army with $60 million: State news agency
Energy-rich Qatar has given Lebanon’s cash-strapped armed forces $60 million, the foreign ministry in Doha announced Thursday.“The announcement comes ... Middle East -
IMF tells bankrupt Sri Lanka to tackle corruption, raise taxes to rescue economy
Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout ... World News -
Lebanon’s AM Bank suspends membership of banking association after IMF criticism
Lebanon’s AM Bank suspended its membership of the country’s banking association on Friday over decisions “harming the banking sector” days after the ... Banking & Finance -
India to support crisis-hit Sri Lanka’s economic recovery
India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday as India signaled its willingness to go beyond the $4 ... World News -
Some Lebanon banks disagree with ABL letter objecting IMF plan
Lebanon’s Bank Audi and al-Mawarid Bank said on Wednesday they disagreed with a letter sent on behalf of the country’s banking association that ... Middle East -
Lebanon banks association says it doesn’t oppose IMF deal
The Lebanese banks association ABL said on Wednesday it does not oppose an April draft deal between the government and the IMF, and sees an agreement ... Middle East -
PM Mikati likely to be nominated for another term amid Lebanon crisis: Sources
Lebanon’s caretaker premier Najib Mikati will likely be nominated for a new term on Thursday, political sources said, keeping him at the helm as the ... World News -
Sri Lanka schools, government offices to shut as transport grinds to halt
Sri Lankan authorities on Friday announced a two-week shutdown of government offices and schools, as public transport ground almost entirely to a halt ... World News -
Power restored in crisis-hit Sri Lanka, UN unveils $47 million aid plan
Striking power sector workers returned to work in Sri Lanka on Thursday after the president promised to listen to their concerns, ending widespread ... World News -
Sri Lanka power union announces strike, raising risk of blackouts
A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight in protest against new government legislation, ... World News -
Lebanon’s divided parliament holds first session after vote
Lebanon’s newly elected parliament was holding its first session Tuesday, with lawmakers expected to choose the country’s longtime parliament speaker, ... Middle East -
Crisis-hit Sri Lanka appoints PM to head finance ministry
Sri Lanka’s Prime Minister Ranil Wickremesinghe was on Wednesday given the additional responsibility of running the finance ministry as the island ... World News -
Lebanon’s bank association rejects government recovery plan
The Association of Banks in Lebanon (ABL) on Tuesday rejected a financial recovery roadmap passed last week by the country’s cabinet, saying it would ... Middle East -
Crisis-hit Sri Lanka hikes fuel prices to record high
Cash-strapped Sri Lanka sharply hiked fuel prices on Tuesday to a record high, causing further pain to the country’s 22 million people in its worst ... World News -
Sri Lanka to repay debts after six months: Governor
Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of ... World News -
Man overseeing Lebanon vote frets about disruptions, vote buying
Leaving his office this week, the 80-year-old head of Lebanon’s election commission escorted journalists down eight flights of stairs, lighting the ... Middle East -
Sri Lankan president’s powers to be reduced: Prime minister
Sri Lanka’s prime minister said Tuesday the constitution will be changed to clip presidential powers and empower Parliament as protesters continued to ... World News -
Sri Lanka stock exchange to halt for five days amid economic crisis
Sri Lanka’s securities commission ordered the Colombo Stock Exchange to be halted next week to give investors time to digest the country’s economic ... World News -
Ten-hour power cuts in Sri Lanka as economic crisis worsens
Sri Lanka on Wednesday began imposing record nationwide 10-hour daily power cuts as it ran out of hydro-electricity on top of a severe shortage of ... World News
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