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BY Lili Bayer At one end, China hawks like the U.S. are trying to converge NATO’s goals with their own desire to constrain Beijing. At the other are China softliners like Hungary who want to engage Beijing. Then there’s a vast and shifting middle: hawks that don’t want to overly antagonize Beijing; softliners that still […]
President Xi Jinping revives interaction with world leaders after securing his third term of power at the communist party’s 20th congress last month. He makes it apparent that in full control of power internally, he now wants to bolster China’s image in the world as its tensions rise with the West. Within days of the […]
External Affairs Minister S Jaishankar recently held talks with his Russian counterpart Sergey Lavrov in Moscow. Both leaders spoke on a wide range of issues pertaining to bilateral, regional and global matters. During the meeting, the Indian External Affairs Minister S. Jaishankar said, “Covid, trade difficulties have taken a toll on the global economy, and […]
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
India and Indonesia think tanks – The Centre for Global Affairs and Public Policy (CGAPP) and Institute for Development of Economics and Finance (INDEF) respectively, held a discussion on “G20 and Global Dynamics” and recognized the impact of close bilateral cooperation. Indonesia is all set to host the G20 summit at Bali from November 15-17. What is equally significant is that I...
Sri Lanka, India and several other countries abstained from voting on a draft resolution approved by the UN General Assembly that recognised that Russia must be responsible for making reparations to Ukraine.The post Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka abstained from voting on a resolution at the UN General Assembly that calls for Russia to pay war reparations to Ukraine. India, Bangladesh, Bhutan, Brazil, Egypt, Indonesia, Israel, Nepal, Pakistan, South Africa and Sri Lanka were among the countries that abstained. The UN General Assembly yesterday (Monday) adopted the resolution that calls for […]
The ‘Countdown to the Middle East Crown – Series 5 Boxing’, organised by DJMC Events UAE, will be held on November 26, at the Hotel Shangri-la Ballroom from 6.00 pm, with doors opening earlier. The event would comprise 10 bouts, featuring 20 professional boxers and three Championship Titles. The ‘Countdown to the Middle East Crown’, […]
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
Unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences, President Ranil Wickremesinghe said addressing the COP27 Climate Change Conference in Sharm El-Sheikh, Egypt.The post Developing countries worst affected by rising emissions from industrialized world and must be compensated – President appeared first on Sri...
[…]The post Lack of Common Sense Of A Time-Expired President appeared first on Colombo Telegraph.
[…]The post Need To Restrain The Power Of Shadow Finance appeared first on Colombo Telegraph.
By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia’s third-largest economy remains intact. “The Indian economy and equity markets proved to be [&...
Tamil Guardian asks: The UK policy, regarding mainly Sri Lankan Tamils held in Diego Garcia, is likely to remain unchanged. Some of those who reached Diego Garcia, home for the strategic US military base, over a year ago, have already been sent back “voluntarily” to Sri Lanka. They returned in the wake of the UK […]
President Ranil Wickremesinghe says he took over the Titanic after it hit the iceberg and now he is trying to move the ship off the iceberg. He says once the Titanic is moved off the iceberg the country can move forward. The President said that Sri Lanka has declared itself bankrupt and the Government is […]
[…]The post Indian-Israeli Involvement In Sri Lanka Is A Disaster appeared first on Colombo Telegraph.
The Asian Infrastructure Investment Bank (AIIB), in its annual financial report, has outlined a fund of USD 100 million for crisis-hit Sri Lanka.The post AIIB outlines USD 100 million fund for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post UK’s Bumpy Fall, Change Of Guard & Lessons Beyond! appeared first on Colombo Telegraph.
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
[…]The post US Vulnerabilities Coalesce appeared first on Colombo Telegraph.
[…]The post How Lanka Can Benefit From A Global Recession appeared first on Colombo Telegraph.
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
The 11-days that India’s External Affairs Minister (EAM) S. Jaishankar allocated for his recent visit to the United States (US) to attend the 77th session of the United Nations General Assembly (UNGA) and numerous other multilateral and bilateral events were a sign of the increasing confidence and assertiveness that India is now displaying on the […]
Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sell fuel as it attempts to cope with a steep oil bill that deepened its worst financial crisis in decades.The post Sri Lanka approves law to liberalize petroleum imports appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan is working to organise a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving that country’s debt crisis, the Japan News (By Yomiuri Shimbun) has learned.The post Japan to organize Sri Lanka creditors’ meeting by year-end – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving that country’s debt crisis, The Yomiuri Shimbun has learned. The meeting, which will discuss such issues as finding ways to reduce debt payments, aims to curb China’s influence by helping Sri Lanka cope with […]
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
Western countries this week ratcheted up their criticism of China, the world's largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.The post Global finance leaders single out China as barrier to faster debt relief appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
By D S KANG Liberals the world over have expressed serious concern about Giorgia Maloni’s seismic victory in the Italian elections, her expected elevation as the first far-right PM of the country since World War Two and its long-term implications for Italy as well as the rest of Europe. The far-right ideologies blended with neo-fascism […]
The global economy is “dangerously close” to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits the developing world, World Bank President David Malpass said. “We’ve lowered our 2023 growth forecast from 3 per cent to 1.9 percent for the global growth, that’s dangerously close to a world recession,” Malpass […]