Former President and United National Party (UNP) leader Ranil Wickremesinghe has warned that Sri Lanka is heading towards a severe economic crisis, alleging that the current administration is steering the country towards
Sri Lanka could face what former president Ranil Wickremesinghe described as one of the country’s most severe economic battles if it fails to increase its foreign reserves to US$15 billion within the
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A sustained Ukrainian campaign targeting Russia’s oil refining capacity and fuel distribution network has intensified economic pressure inside Russia, exposing the growing domestic costs of the war even as political support for
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In an interview economist Igor Lipsitz argues that Russia’s worsening fuel shortages and broader economic pressures reflect mounting structural challenges created by the war in Ukraine. While he believes these difficulties will
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The United States has accumulated the world’s largest national debt, reaching $39 trillion, yet its debt burden relative to the size of its economy remains below that of Japan and Singapore, according
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by Our Correspondent in Colombo The Central Bank of Sri Lanka (CBSL) has delivered a comprehensive and uncompromising defence of its role in one of the country’s most serious public financial fraud
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India has attracted approximately $10 billion in inflows through the Reserve Bank of India’s (RBI) special foreign-currency deposit programme for overseas Indians, according to two people familiar with the matter, providing early
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India’s government has stepped up efforts to attract foreign currency deposits from overseas Indians as the rupee remains under pressure and the country’s foreign exchange reserves continue to decline. Finance Minister Nirmala
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As Pakistan seeks a larger diplomatic role amid renewed geopolitical attention, its gravest challenges remain within its own borders. The conflict in West Asia, renewed American engagement, Saudi financial support, and strategic
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Cuba has officially established a new government institution tasked with leading the transformation of the country’s state enterprise system, creating a central body responsible for improving the operation, organization and development of
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Sovereign wealth funds and central banks managing $29 trillion in assets are reassessing their investment strategies as concerns grow over the long-term role of the US dollar, according to a survey published
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