Sri Lanka defaults on foreign debt
COLOMBO: Sri Lanka announced a default on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and escalating protests demanding the government’s resignation.
COLOMBO: Sri Lanka announced a default on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and escalating protests demanding the government’s resignation.
FRANKFURT: European Central Bank governors meet Thursday to ponder record-high inflation and fresh economic uncertainty caused by the war in Ukraine, with policymakers signaling a willingness to take action sooner rather than later.
WASHINGTON: The World Bank issued dire forecasts for Ukraine as Russia’s invasion impacts both the country and its neighbors, warning in a report released Sunday of an even bleaker economic outlook if the conflict drags on.
WASHINGTON: Elon Musk is no longer joining the board of Twitter, the CEO of the social media company said late Sunday, in a reversal less than a week after announcing the Tesla and SpaceX chief would be appointed.
JAKARTA: Indonesia’s biggest tech firm soared on its market debut Monday after a billion-dollar IPO that was the world’s fifth-biggest this year, defying recent heavy weather for Asian tech stocks.
MALINDI, Kenya: Along a riverbank scarred by logging, Joseph Mwandenge Mangi points out a solitary mangrove tree, a species once abundant in the forest where the mighty Sabaki River meets the sea.
VILLAR DE LOS NAVARROS, Spain: Buoyed by a surge in investment and new projects, wind power has become Spain’s main source of electricity generation just as Europe seeks to curb its energy imports from Russia.
BAGHDAD: Garbage clogs the banks of Iraq’s Tigris River in Baghdad but an army of young volunteers is cleaning it, a rare environmental project in the war-battered country. With boots and gloves, they pick up soggy trash, water bottles, aluminum cans and muddy styrofoam boxes, part of a green activist campaign called the Cleanup Ambassadors.
SHANGHAI: Tesla has recalled nearly 128,000 cars in China due to a fault that could “increase the risk of vehicle collision”, the country’s state market regulator said.
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