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This week, China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its Belt and Road Initiative (BRI). Officials and leaders from all over the globe are in Beijing to attend a high-level summit marking the BRI’s 10th anniversary. Participants expected to show up range from Vladimir […]
The first section of Kenya’s Chinese-built railway was opened with much fanfare in 2017 – but two years later work on the tracks stopped in the middle of the country and the master plan of linking it to other landlocked countries in East Africa seems to have derailed. This means the project is not bringing […]
[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors. Evergrande defaulted on its huge debts in 2021, which sent shock-waves through global […]
By Jayantha Somasundaram (This articlecontinued from yesterday (25) is based on reporting by the international media on the events in Sri Lanka forty years ago.) “For day after day Tamils were beaten, hacked or burned to death in the streets, on buses, on trains – sometimes in the sight of horrified foreign tourists. Their homes […]
(Excerpted from volume ii of the Sarath Amunugama autobiography) During one of my visits to Colombo I got a call to see the President at ‘Breamar’. Gamini Dissanayake had told him of my friendship with Parathasarathy and he wanted me to help him repair the damage done to their friendship due to the abuse heaped […]
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]
The House of Representatives has approved a deal to allow the US to borrow more money, days before the world’s biggest economy is due to start defaulting on its debt. The measure passed the chamber by a vote of 314-117, with defections on both sides of the aisle. The US Senate must vote
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century appeared first on Colombo Telegraph.
[…]The post Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century appeared first on Colombo Telegraph.
US Treasury Secretary Janet Yellen has warned that the US may run out of cash by 1 June if Congress fails to raise or suspend the debt ceiling. Reaching the debt ceiling would mean that the government is unable to borrow any more money. On Monday, Ms Yellen urged Congress to act “as soon as […]
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
China has accused the US of overreacting after federal employees were ordered to remove the video app TikTok from government-issued phones. On Monday, the White House gave government agencies 30 days to ensure that employees did not have the Chinese-owned app on federal devices. The order follows similar moves by the EU and Canada in […]
At least 59 migrants, including 12 children, have died and dozens more are feared missing after their boat sank in rough seas off southern Italy. The vessel broke apart while trying to land near the coastal town of Crotone in the Calabria region. Survivors said at least 150 people were aboard. Many of them were […]
Finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countries had “desta...
BBC reported that finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countrie...
By Nicholas Yong According to a Department of Justice (DOJ) indictment, the US citizen hid confidential files stolen from his employers in the binary code of a digital photograph of a sunset, which Mr Zheng then mailed to himself. It was a technique called steganography, a means of hiding a data file within the code […]
Secretary of State Antony Blinken has said China’s decision to fly an apparent spy balloon over the US is “unacceptable and irresponsible”. The top American diplomat has abruptly cancelled a trip to Beijing, which would have been the first high level US-China meeting there in years. China earlier expressed regret, saying it was a weather […]
The New Year 2023 is definitely going to be a significant year for India’s leadership ambitions. India’s presidency of the G20 forum as well as the Shanghai Corporation Organization (SCO), brings with itself the rare opportunity to present to the world that India is well-prepared and well-equipped to clinch its position as an emerging power. […]
By Samira Hussain Pakistan’s former prime minister, Imran Khan, is threatening to dissolve two provincial assemblies in a high-stakes attempt to force the federal government to hold early elections. The dissolution of legislatures controlled by his party in Punjab and Khyber Pakhtunkhwa is set for 23 December, about a year before elections are due. “For […]
By Vikram Pandya Xi Jinping’s “zero-Covid” policy appears to have failed miserably as China is still struggling to cope up with the daily rising Covid cases inside the country. At least 1,000 new cases of the virus are found in China every day (in the recent wave), prompting the government to impose its draconian “zero-Covid […]
Cassandra’s ole head is spinning like a carousel after reading Don Manu’s column in the Sunday Times of December 4, titled Mahinda gorged on foreign cake while people struggled for bread. He lists the millions spent on foreign trips of two brothers – then Prez and PM – and in a separate box deals with […]
Protests against Covid restrictions which erupted over the weekend appear to have died down, as a heavy police presence is reported in Chinese cities. Large barriers have gone up along the main protest road in Shanghai and police have made several arrests. They have been stopping people taking photos of the protests and deleting pictures […]
Taiwan is expected to top the agenda when US President Joe Biden and Chinese leader Xi Jinping meet next week – their first in-person encounter since Mr Biden took office in 2020. The much-awaited meeting comes at a time when relations between the two superpowers have particularly soured. This has been fuelled by Beijing’s claims […]
Sri Lanka central government debt falls to US$32.4bn from US$50.5 billion rupees
Japan will open its doors back up to vaccinated foreign tourists, after more than two years of closed borders due to the Covid pandemic. Tourists will be able to visit the country without a visa, and will no longer need to go through a travel agency, from 11 October. A cap on daily arrivals will […]
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 […]