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
Despite some economic progress in Sri Lanka over the years, the fact that the country was declared bankrupt in 2022 negates such achievements in terms of the sustainability of the economy and
More
For decades, institutions like the International Monetary Fund (IMF) and the World Bank have operated under the guise of global development and stability — but their deeper function has often been to
More
Senior tax officials in the United States are warning of a significant drop in federal tax revenue this spring, with projections indicating a reduction of more than 10 percent in the amount
More
Argentina’s President Javier Milei is facing a potential impeachment threat after his endorsement of the controversial LIBRA cryptocurrency sparked accusations of misconduct. Opposition lawmakers have expressed outrage over the president’s involvement with
More
The Indian rupee fell to a historic low on Tuesday, driven by intense demand for the U.S. dollar, as positions matured in the non-deliverable forwards (NDF) market. Despite the sharp depreciation, the
More US corporate bankruptcies have surged to their highest level since the aftermath of the global financial crisis, as companies continue to grapple with elevated interest rates and declining consumer demand. According to
More
The Pakistan Bureau of Statistics (PBS) has reported an unprecedented 850 percent increase in gas prices over the past four months, contributing to a sharp rise in inflation across the country. During
More
Editorial Polling stations have opened, and around 8,000 election monitors are on high alert as voters queue to cast their ballots in this crucial ninth presidential election. With approximately 17 million citizens
More
Sri Lanka stands on the brink of a crucial presidential election scheduled for September 21, 2024, as the country continues to grapple with the aftermath of a severe economic crisis. The situation
More
In a striking and controversial twist, the International Monetary Fund (IMF) has turned 22 financially distressed countries, including Pakistan and Ukraine, into a significant source of its net revenue. These nations, struggling
More