economic-crisis
Top StoriesAnalysis-Euro Is at Parity; Its Fate Is Now With Energy Markets
Top StoriesSri Lankan President Flees to Maldives, Protesters Storm Prime Minister’s Office
TradingEuro Falls Below Parity for the First Time in 2 Decades
Top StoriesSri Lanka to Get New President Next Week Amid Political and Economic Meltdown
Sri Lanka’s President, Cabinet Set to Resign, Central Bank Governor to Stay
Date: July 11, 2022
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lanka’s President Gotabaya Rajapaksa and the entire cabinet will resign to make way for a unity government, the prime minister’s office said on Monday, after tens of thousands of protesters stormed the official residences of both men. After Saturday’s sweeping protests in the wake of a...
Exclusive-United Arab Emirates Set to Run Kabul Airport in Deal With Taliban, Sources Say
Date: July 7, 2022
By Alexander Cornwell DUBAI (Reuters) -The Taliban and the United Arab Emirates are poised to strike a deal for the Gulf nation to run Kabul airport and several others in Afghanistan that could be announced within weeks, according to sources familiar with the negotiations. The Taliban, whose government remains an international pariah without formal recognition,...
“Impossible Situation” for Sri Lankans Struggling for Petrol
Date: June 29, 2022
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan doctors and other medical staff as well as teachers will take to the streets on Wednesday to demand that the government solve a severe fuel shortage at the heart of the South Asian country’s worst economic crisis in decades. Weeks of street demonstrations against cascading problems including...
Sri Lanka Stops Fuel Supply to Non-Essential Services as Crisis Worsens
Date: June 27, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at...
Afghanistan Earthquake Kills at Least 1,000 but Toll Expected to Rise
Date: June 22, 2022
By Mohammad Yunus Yawar and Jibran Ahmad KABUL (Reuters) -The death toll from an earthquake in Afghanistan on Wednesday hit 1,000, disaster management officials said, with more than 600 injured and the toll expected to grow as information trickles in from remote mountain villages. Houses were reduced to rubble and bodies swathed in blankets lay...
Bulgarian Government Faces No-Confidence Vote and Political Turmoil
Date: June 22, 2022
By Tsvetelia Tsolova SOFIA (Reuters) – A no-confidence vote on Wednesday threatens to topple Bulgaria’s government and Prime Minister Kiril Petkov, who pledged to tackle corruption and took an unusually strong stance against Russia. Petkov’s four-party coalition took office six months ago only to disintegrate earlier this month over disagreements on budget spending and whether...