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Former Chancellor Rishi Sunak has won the first round of voting by MPs to choose the next Conservative leader and prime minister. He got 88 votes, with Trade Minister Penny Mordaunt in second place on 67 and Foreign Secretary Liz Truss third on 50. Chancellor Nadhim Zahawi and former health secretary Jeremy Hunt were eliminated […]
BBC; Sri Lanka’s President Gotabaya Rajapaksa has left the country on a military jet, amid mass protests over its economic crisis, reported the BBC. The 73-year-old President arrived in the capital of the Maldives, Male, at around 03:00 local time (22:00 GMT). Rajapaksa’s departure ends a family dynasty that has ruled Sri Lanka for decades. […]President Rajapaksa leaves Sri Lanka...
Sri Lanka speaker says he mistakenly told BBC that the president had left the country.
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Less than two months after he was re-elected president, Emmanuel Macron has lost control of the French National Assembly following a strong performance by a left alliance and the far right. He had called on voters to deliver a solid majority. But his centrist coalition lost dozens of seats in an election that has left […]
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Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) for a bailout sooner, the country’s central bank governor says. P Nandalal Weerasinghe told BBC Newsnight that the delay in seeking outside help was a mistake. The country has said it needs $5bn this year in […]
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices. The Federal Reserve said it would increase its key interest rate by three quarters of a percentage point to a range of 1.5% to 1.75%. The rise, the […]
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After being closed to tourists for two years, Japan is opening its borders to visitors from 98 countries and regions. It marks the most significant moment so far in the country’s slow relaxation of its Covid-19 entry restrictions. But some restrictions will remain, including a requirement to visit the country as part of a tour […]
By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also […]
The International Monetary Fund (IMF) has warned that Sri Lanka style protests could break out in other countries if there is no proper Government support. Governments need to subsidise the cost of food and energy for the poorest members of society, the head of the International Monetary Fund (IMF) Kristalina Georgieva told the BBC. People […]
Sri Lanka says it looks forward to working with new Australian Prime Minister Anthony Albanese. President Gotabaya Rajapaksa congratulated Albanese on his election saying the Sri Lanka Government of and he look forward to working closely with the new Prime Minister to maintain and further strengthen the bilateral ties between both nations. Australia elected its first […]
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Sri Lanka s new prime minister has told the BBC an economic crisis that has brought misery and unrest is Âgoing to get worse before it gets betterÂ.
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
Sri Lanka's new prime minister has told the BBC an economic crisis that has brought misery and unrest is "going to get worse before it gets better".The post Sri Lanka economy crisis to get worse...Click on the headline to read the full story
Ferdinand “Bongbong” Marcos Jr, son of the Philippines’ former dictator, is poised to win the presidential election by a landslide, according to partial and unofficial results. The senator has so far won 55.8.% of the vote, compared to 28% for rival Leni Robredo. His win will mark the Marcos family’s return to power after 36 […]
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Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies. The firm said almost all of the loss was a result of the fall in the value of investments in businesses including two Asian ride-hailing giants – China’s Didi and South East Asia’s Grab. Shares in […]
China’s zero covid policy has resulted in the oppression of the masses and hit their manufacturing sector hard, as lockdowns tighten. With some 15,000 new covid cases reported on a daily basis, the Chinese Government has imposed lockdowns on its two major cities of Shanghai and Beijing. Both Shanghai and Beijing are two major production […]
Sri Lanka s finance minister has told the BBC he has no choice but to hike the country s sales tax as it faces its worst-ever economic crisis.
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[…] The post Unreasonable ‘Covid-Cremation Policy’: Potentially Deadly Payback Would Be Enormous! appeared first on Colombo Telegraph.
[…] The post Unreasonable ‘Covid-Cremation Policy’: Potentially Deadly Payback Would Be Enormous! appeared first on Colombo Telegraph.
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