Headless state: Political vacuum haunts Sri Lanka as crisis deepens

Two years of Modi govt (1)

NEW DELHI: After his dramatic midnight escape to Maldives, Sri Lankan President Gotabaya Rajapaksa is planning to seek temporary refuge in Singapore along with his family members. He could fly to the south Asian nation as early as midnight. In Singapore, Gotabaya is expected to step down from the post of President and pave the

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note

Rampant inflation is helping reduce the weight of the world’s public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries—including Greece, Portugal and the U.K.—are on track to erase the additional debt raised to combat the Covid-19 pandemic as

Ukraine’s Grim Economic Toll From War Confronts World Governments

Ukraine’s Grim Economic Toll From War Confronts World Governments

WASHINGTON—Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of Russia’s war in Ukraine and the challenges they face to help pay Ukraine’s short- and long-term bills. Ukraine needs around $5 billion a month in budgetary support for up to five months and roughly $600

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