Britain's gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. GDP shrank by 0.6% in June, and growth estimates for May were revised down from 0.5% to 0.4%.
Sri Lanka Crisis: Ranil Wickremesinghe said that over 6 million of the 21 million population of the country are malnourished. More and more are unemployed.
Protestors claimed that the area was designated as an agitation site by the previous government of former President Gotabaya Rajapaksa, so there was no need to quit the protest site.
Sri Lanka crisis: Wickremesinghe urged all political parties to come together to take the country out of the economic mess and repay the debt.
Sri Lanka crisis: He further said that there is no point in blaming former president Gotabaya Rajapaksa for the economic crisis but rather urged all political parties to come together to take the country out of the economic mess and repay the debt.
The island nation of 22 million is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials. “Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka,” it said in a statement.
Sri Lanka crisis: The presidential secretariat which was occupied by the protesters from July 9 till Friday last is re-opened and the staff reported to work on Monday, officials said.
Sri Lanka economic crisis: The armed soldiers were deployed in a bid to control the protestors who have been protesting against the new Sri Lankan President Ranil Wickremesinghe outside the premises of the Sri Lankan Presidential Secretariat.
Sri Lanka crisis: Wickremesinghe was on Wednesday elected as Sri Lanka's President by lawmakers and sworn in on Thursday as the 8th president.
Sri Lanka president election: Wickremesinghe, Dullas Alahapperuma and Anura Kumara Dissanayake were proposed by lawmakers on Tuesday as the three candidates for the presidential election.
Sri Lankan parliament is expected to elect a new president Wednesday, paving the way for a fresh government, but it is unclear if that’s enough to fix a shattered economy and placate a furious nation of 22 million that has grown disillusioned with politicians of all stripes.
Sri Lanka crisis: On Monday, Sri Lankan Members of Parliament from the ruling party Sri Lanka Podujana Peramuna (SLPP) complained of receiving threat messages on social media.
Sri Lanka Crisis: The government gazette number 2288/30 dated July 17 was issued Monday morning. The 225-member Parliament is expected to elect the new president on July 20.
Sri Lankan economic crisis: Amid the Russia-Ukraine war, which also serves as another factor of the debts, oil prices have jumped. The exports have been cut off majorly amid the war, resulting in rising in food prices across developing countries.
The rupee rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency following a recovery in the domestic stocks and weakness in the greenback in overseas markets.
Sri Lanka Crisis: The only time when Sri Lanka's presidency became vacant mid-term was in 1993 after the assassination of then-president Ranasinghe Premadasa.
Sri Lanka crisis: On Wednesday, at least 84 people were hospitalised when protesters clashed with the security forces at the prime minister’s office and at the main access junction to Parliament.
Sri Lanka crisis: Wickremesinghe declared an emergency and imposed a curfew in the western province of the country on July 13 as protesters came prepared to face tear gas shelling.
Rahul Gandhi attacks Modi govt: Rahul Gandhi shared a chart sharing such details and said while the government's debt in 2014 was Rs 56 lakh crore, it is Rs 139 lakh crore in 2022.
Sri Lanka Crisis: The anger of common Sri Lankans was evident when they spoke on camera. Children were not getting milk to drink, but cakes were being eaten inside the Palace.
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