IMF has approved a $3bn bailout package for the bankrupted Sri Lanka. The nation's foreign minister pledged to reconstruct its state-own enterprises and their national airline but it seems like there is still a long road ahead for the island in South Asia, after getting multiple blows by the pandemic, increasing energy prices, tax cuts and the skyrocketed in ... Show More
Yesterday
US top banker warns of potential risk of stock market decline
In a BBC interview, the head of America's largest bank, J P Morgan, has warned that US stock markets do not currently reflect the level of risk of a serious fall. Jamie Dimon said he was "far more worried than others" about a major market correction. China has tightened its rules ... Show More
8m 46s
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
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