The IMF has provisionally agreed a $2.9 billion loan deal to save Sri Lanka from collapse. The country’s economy tanked in April, sparking a wave of fuel and food shortages, hyperinflation and political upheaval. Although the deal isn't complete, many citizens believe it will be a lifeline. Shiromay Coomar, a travel business owner, is optimistic for the futu ... Show More
Aug 22
All eyes on Jerome Powell’s major speech at Jackson Hole
The Federal Reserve's annual summit is happening in the scenic setting of Jackson Hole kicks into high gear on Friday, with the Fed Chair, Jerome Powell, taking centre stage. UN agencies are warning that the global workforce needs better protection from excessive heat driven by w ... Show More
27m 35s
Oct 2022
Sri Lanka: Life after an economic crisis
In April 2022, Sri Lanka was gripped by a major economic crisis. Prices were rising sharply, protests started in the capital, Colombo,and spread across the country.Daily power cuts and shortages of basics such as fuel, food and medicines were commonplace. Inflation was running at ... Show More
19m 30s
Jul 2022
Sri Lanka's crisis and its relationship with China
Sri Lanka is in crisis right now. After months of fuel, medicine and food shortages, protestors have taken to the streets – and the homes of the country’s leaders. The now-former Prime Minister’s house was set ablaze. President Gotabaya Rajapaksa fled to Singapore, then resigned. ... Show More
20m 56s
Apr 2022
Protesters, power cuts and Sri Lanka’s persistent president
Empty shelves, rising food and fuel costs along with power cuts are unifying much of Sri Lanka against its president, Gotabaya Rajapaksa. And now, the economic crisis may be even worse. Rajapaksa’s government is announcing the country is no longer able to repay billions in loans. ... Show More
22m 32s
May 2022
Guerilla. Economist. Colombia’s next president?
China has offered “a few hundred million dollars” in lending to Sri Lanka to help alleviate a shortage of essential goods, Wall Street investors got spooked by an earnings warning from Snap, and the FT traced a massive European bank sell-off to one fund manager. Plus, Colombia lo ... Show More
10m 45s