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The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world’s largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are […]
A bus carrying people to a Covid-19 quarantine facility in China has crashed, killing 27 of those on board. The coach overturned on a motorway in the south-western province of Guizhou. Another 20 people were injured. The accident sparked anger online from those critical of Beijing’s “zero-Covid” policy. The policy involves mass testing and tracking. […]
Uber’s computer network has been hacked, the global ride-hailing company said. The ride-hailing company said it was investigating after several internal communications and engineering systems had been compromised. Uber Sri Lanka has yet to make any statement on the hacking. The New York Times first reported the breach after the hacker sent images of email, cloud storage […]
Virat Kohli scored his first century in 1,021 days in India’s Asia Cup match against Afghanistan in Dubai. The 33-year-old, who last hit a century in a Test against Bangladesh on 23 November 2019, made an unbeaten 122 off 61 balls as already-eliminated India made 212-2 from their 20 overs. He hit 12 fours and […]
With her death, her eldest son Charles will be the new King
Liz Truss has promised to deal with surging energy costs and to cut taxes, after she won the Tory leadership contest to become the next PM. Her plan, set to be announced on Thursday, is likely to include a freeze on energy bills – though precisely how it would work is still unclear. Ms Truss […]
Nominal wages up but real wages down
Mikhail Gorbachev, the former Soviet leader who brought the Cold War to a peaceful end, has died aged 91. Mr Gorbachev, who took power in 1985, opened up the then-USSR to the world and introduced a set of reforms at home. But he was unable to prevent the slow collapse of the Soviet Union, from […]
Hardik Pandya led India to a dramatic final-over win over Pakistan in the sides’ opening match of the Asia Cup. With India chasing 148 from 20 overs, Hardik hit the fourth ball of the final over for six to seal a five-wicket win. The all-rounder struck three fours in the 19th over to reduce the […]
By Anushka Kahandagamage Protesters defeated the dictatorial Rajapaksa regime, making the Rajapaksas resign from their positions, premiership and presidency, of the government. After the collapse of the dynasty, Ranil Wickremesinghe, a Rajapaksa puppet, came to power with the support of a distorted majority in Parliament. Having got himself appointed as President, without a people’s mandate, [R...
[…]The post Ranil: A New Definition For Democracy appeared first on Colombo Telegraph.
Rushdie, 75, shot to fame with his book “Midnight’s Children,” the film version of which was shot in Sri Lanka.
[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless appeared first on Colombo Telegraph.
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
[…]The post Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases appeared first on Colombo Telegraph.
Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms
Indian media had reported that India had raised the issue of the Chinese research vessel that is scheduled to arrive at the Hambantota Port, with President Ranil Wickremesinghe. India had raised concerns after the Ministry of Defence in Colombo confirmed the ship’s arrival, despite New Delhi clearly outlining its concerns regarding the arrival of this […]
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
[…]The post The Church Of Ceylon In Anarchy: Caste & Affirmative Action appeared first on Colombo Telegraph.
Taiwan’s Defence Minister Chiu Kuo-chang expressed concern that China’s People’s Liberation Army (PLA) would have the ‘complete capability’ to attack Taiwan by 2025. The Minister expressed concern while also highlighted sanctions as the means to deter aggression during a virtual seminar titled “Taiwan: is it key to the continuing world order?” organised by The Democracy […]
England swatted aside Sri Lanka as they overhauled a meagre total with 17 balls to spare in their opening Twenty20 match of the Commonwealth Games. Spinner Sophie Ecclestone justified her ranking as the best T20 bowler in the world with three wickets to sap Sri Lanka of momentum. The visitors washed up on 106-9 and […]
Almost one million people in a suburb of Wuhan – China’s central city where the coronavirus was first recorded – have been placed under lockdown. Jiangxia district residents have been ordered to stay inside their homes or compounds for three days after four asymptomatic Covid cases were detected. China follows a “zero Covid” strategy, including […]
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
But it is a tool and a means only, not the ultimate goal. It is simply compulsion and coercion; it is the police power.
by Sean GLEESON and Amal JAYASINGHE (AFP) Lankan security forces demolished the main anti-government protest camp in the capital Friday, evicting activists in a pre-dawn assault that raised international concern for dissent under the crisis-wracked country’s new pro-Western president. Troops and police Special Task Force commandos wielding batons and armed with automatic assault rifles charged on ...
Video: News1st Owner of company at centre of Genevagate controversy speaks to BBC
Overnight clean money volumes down to zero, sporadic repo activity