All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan
Former Pakistan PM Imran Khan lost power after he lost a no-confidence vote on the issues of inflation and the worsening economic situation of the country
The bank cited the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government
Sri Lanka's dollar bonds due July 2022 fell 1.8 cents on the dollar on Tuesday to a record low 46.07 cents. The rupee lost 0.5%.
Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.
Sri Lanka's external debt servicing obligations were thought to be over $6 billion.
Gross domestic product increased just 0.1% from a month earlier, down from the 0.8% growth reported in January, the Office for National Statistics said Monday.
The consumers in the island nation said that rice prices have risen to unbearable levels
The government prioritized servicing external debt rather than ensuring it could provide for its people
Possible next steps could be the appointment of a new prime minister replacing the president's elder brother, Mahinda Rajapaksa, or snap parliamentary elections much ahead of a scheduled vote in 2025.
India, which historically kept its huge wheat harvests at home - thanks to a government-set price - is jumping into the export market, hawking record amounts across Asia
Survey respondents expressed the belief that three main issues were making inflation harder to control: supply chain issues, the persistence of the pandemic and high government spending.
The country is witnessing protests over the government's handling of the worst economic crisis in decades.
This statement comes as the island nation is facing a foreign exchange shortage which has led to a food, fuel, power, and gas shortage
A flurry of factors, such as the pandemic, lockdowns, civil unrest, war, excess monetary and fiscal stimulus and broken supply chains have resulted in epic inflation, BofA analysts said
Nikkei newspaper reports the government will likely tap 5.5 trillion yen ($45.41 billion) in reserves set aside under the fiscal 2022 budget.
US monetary policy, China and Russia are three difficulties impacting the world economy, together
For the countries of Europe, the conflict poses existential questions
Cash levels among investors rose to nearly 6% while allocations to commodities soared to a record 33%.
S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.