Journalism of Courage
economic crisis
ECONOMIC CRISIS NEWS
Sri Lanka survived two tough years of economic crisis; possibly because of India's support: President Wickremesinghe
June 22, 2024 6:00 pm
The island nation, in April 2022, declared its first-ever sovereign default since gaining independence from Britain in 1948. The unprecedented financial crisis led President Wickremesinghe's predecessor Gotabaya Rajapaksa to quit office in 2022.
Nigeria confronts its worst economic crisis in a generation
June 11, 2024 7:28 pm
The crisis is largely believed to be rooted in two major changes implemented by a president elected 15 months ago: the partial removal of fuel subsidies and the floating of the currency, which together have caused major price rises.
Nithin Kamath's lesson from SVB collapse: 'Have funds distributed across a bunch of banks'
March 13, 2023 5:32 pm
On Friday, the US regulators shut down the Silicon Valley Bank, which mostly lent money to start-ups, venture capitalists (VCs), and tech firms. It is the second largest bank failure in the history of the US, and first since the 2008 financial crisis.
Sri Lanka says 'positive news' coming from IMF on $2.9 billion package
March 07, 2023 11:16 am
Sri Lankan President Ranil Wickremesinghe's office said he would deliver a special statement in parliament to "explain to the nation the current state of the economy and progress on IMF negotiations".
Pakistan must set its house in order: Global experts on its economic crisis
February 12, 2023 12:38 pm
Pakistan has been reeling under a massive economic crisis with the country's rupee recording a historic low of 275 to the US dollar, inflation rising to over 27 per cent and foreign exchange reserves dropping to the lowest level since 1998 at around USD 3 billion which is not enough even to cover a month's imports.
Poverty, inflation, fear: Egypt's economy pushed to brink
September 25, 2022 12:22 pm
A decade after deadly protests and political upheaval rocked the Middle East’s most populous nation, the economy is still staggering and has taken new hits.
Sri Lanka police arrests student convenor, four activists for initiating anti-government protests
August 18, 2022 9:16 pm
Sri Lanka is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials.
Sri Lanka in political vacuum as talks go on amid crisis
July 11, 2022 2:06 pm
Opposition party leaders have been in discussion to form an alternative unity government, an urgent requirement of a bankrupt nation to continue discussions with the International Monetary Fund for a bailout program.
Lanka crisis: Cong expresses solidarity with the people
July 10, 2022 8:29 pm
The main opposition party expressed its solidarity with Sri Lanka and its people in the “moment of grave crisis” and hoped that they will be able to overcome it.
Energy crisis: Sri Lanka awaits Indian nod for new credit line
June 17, 2022 3:19 pm
The Sri Lankan economic crisis has prompted an acute shortage of essential items like food, medicine, cooking gas and fuel across the island nation.
ECONOMIC CRISIS PHOTOS
Sri Lanka crisis deepens, protesters storm President's house
July 09, 2022 6:51 pm
Thousands of protestors in Sri Lanka broke into President Gotabaya Rajapaksa's residence in Colombo on Saturday.
Advertisement
Best of Express
EntertainmentBigg Boss 19 Winner LIVE Updates: Gaurav Khanna wins Salman Khan’s show; Farhana Bhatt is 1st runner up
TrendingAmid IndiGo crisis, Jaspal Bhatti’s old comedy sketch ‘SOS Airline’ resurfaces online: ‘Way ahead of his time’
Advertisement
Advertisement