A stall selling dried onions and garlic at a market in Colombo, Sri Lanka. (Photo: AFP/VNA) Sri Lanka’s President Ranil Wickremesinghe said on Monday that the island nation will remain in default for at least three more years as he tries to shore up the government’s fiscal capacity after the economic crisis has yet to … Read more
Colombo Sri Lanka to cut army in half as economic crisis deepens The government has announced that it will increase the number of soldiers to one lakh by 2030. At present there are 2,00,783 soldiers. As a first step, the number of soldiers will be increased to 1.35 lakh by the end of next year. … Read more
◀ Anchor ▶ The trade deficit this year is likely to reach $50 billion for the first time ever. It is expected that the deficit will continue next year as raw material prices rise and export slowdown overlap. This is reporter Kim Ah-young. ◀ Report ▶ This year’s trade balance, as counted until the 10th, … Read more
The Bank of England (BoE) has stepped up its emergency bond-buying program (Gilt) after British Finance Minister Kwazi Kwarteng’s micro-economy plan. causing market turmoil to the risk of a financial crisis The BoE says it will double daily purchases of Gilt, from £5 billion to £10 billion. while trying to close the project So far, … Read more
Deng Ziqi’s new album “Revelation” has achieved good results on major digital music platforms as soon as it was released. Recently, she was listed on the digital music platform Spotify, becoming the first Chinese-speaking female singer to publish multiple large-scale billboards at home and abroad. In addition, she recently accepted an exclusive interview with Billboard, … Read more
situation inLebanonNow, it can almost be called entering “upheaval“because of being beset by bothflood of public debt Riots all over the country and economic bankruptcyuntil having to apply for a loan from the International Monetary Fund (IMF) while people who deposit money with banks cannot withdraw their own money. until the incidentbank robberyall over the … Read more
archyde news spending through the media facilitated the issuance of a friendly letter to banks during the crisis, including in the period during which financial services were effectively stopped after the crisis, and the effect of previous spending is still valid. A recent study concluded that Lebanese commercial banks undermined, through spending, the discourse that … Read more