The island of 22 mn people is struggling with rolling blackouts for up to 13 hours a day because the govt does not have enough foreign exchange for fuel imports
Sri Lanka is turning off its street lights to save electricity, a minister said on Thursday, as its worst economic crisis in decades brought more power cuts and gloom to its main stock market
An attempt by the West to isolate Russia is leading to an economic crisis of historic proportions, said Vasily Nebenzya, Permanent Representative of Russian to the UN.
Sri Lanka's economy grew at a slower-than-expected 1.8% in the 4th quarter of the 2021 financial year, taking its full year growth to 3.7 per cent, data from the govt's statistics department showed
Pakistan's political situation is one of the main domestic risks to the economy due to uncertainty over the growing tensions between the government and opposition, the Ministry of Finance warned
The top UN envoy for Sudan warned that the country may risk sliding into an economic and security collapse and a worse humanitarian crisis.
Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel after a 70% drop in foreign exchange reserves since January 2020
Refugees from Sri Lanka are trickling in on India's southern shores. The effect of Sri Lanka's economic crisis is now being felt in India too. Find out how its economic condition is hitting India too
The UN has warned of a deepening food crisis in Sudan as result of the African country's economic downturn, displacement and devastated harvests.
Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel
Thusitha Hadaragama stood at a corner store near his home in Sri Lanka's Minuwangoda town this week and surveyed groceries to buy for his family of five, including two school-age children
Pakistan has said that China agreed to rollover $4.2 billion debt that was maturing this week, providing a major financial relief to the cash-strapped country.
Vote on anti-terror law followed an EU Parliament resolution last year that called for a preferential trade scheme with Sri Lanka to be used as leverage for rights reforms in the South Asian nation
The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis
With the looming threat of a no-confidence motion, Pakistani PM Imran Khan is seemingly in a mood to provide subsidies to the general public even at the cost of the economy
Sri Lanka's economy was facing 'mounting challenges' with public debt reaching 'unsustainable levels', the IMF has said earlier this month
Amid the worsening economic situation in his country, Sri Lankan Finance Minister Basil Rajapaksa will begin his India visit on Tuesday, hoping to seal a USD 1 billion line of credit (LoC).
Khan said he didn't join politics to check prices of aloo & tamatar, as he attacked oppositions for tabling no confidence motion against him, accusing him for mismanaging economy amid rising inflation
Sri Lanka is set to finalise another credit facility with India for food, medicine and other essential items which would help the island nation facing the worst economic crisis in decades
BP, Shell, General Motors, Ford, Volkswagen, Nike and Netflix are among the companies that have suspended their operations in Russia over its invasion of Ukraine. The list is getting longer by the day