Sri Lanka is facing a serious economic crisis, and the International Monetary Fund (IMF) has stepped in to help, but with a big catch: they’re making the country follow tough new rules. These rules include cutting public spending, increasing taxes, and implementing other harsh austerity measures. As a result, everyday
As of 2024, 60 countries are set to ban gasoline and diesel cars by specific dates to combat climate change. Norway leads the charge, aiming for a total shift to electric vehicles by 2025. Europe is moving quickly too, with the EU targeting 2035, though some countries are pushing for
A recent survey reveals that most people in six out of nine Asian countries now doubt whether the U.S. is still a shining example of democracy. While India, Sri Lanka, and Bangladesh still hold onto some positive views, countries like Japan, South Korea, Singapore, and Malaysia have grown skeptical, with
Sri Lankan President Ranil Wickremesinghe, during a video speech at a roundtable discussion on the “Bay of Bengal and Indian Ocean Outlook,” organized by the Geopolitical Cartographer, stated that the Indian Ocean has suddenly become the Indo-Pacific. Prior to traveling to India to see Prime Minister Narendra Modi’s inauguration, President
Gunadasa Samarasinghe, the top bureaucrat in Sri Lanka’s Ministry of Agriculture, has confirmed that China is buying one lakh endangered monkeys.
Will Malaysia go bankrupt like Sri Lanka? Tengku Zafrul Tengku Abdul Aziz, the finance minister of Malaysia, responded to suggestions that due to government debt, the nation would experience financial devastation similar to that of Sri Lanka.
According to Bloomberg’s Sovereign Debt Vulnerability Ranking, here is the list of countries with the highest default risk.
A notification from the RBI has announced that India now allows international trade settlement in Rupee with Russia, Sri Lanka, and other nations.
The movement began in March, when thousands flocked to the streets to protest long power outages and rising prices, as well as to demand that the Rajapaksa family that had dominated the country’s politics for much of the last 20 years to leave power. This is how a band of