World economy
Britain’s Queen Elizabeth dies at 96
14 Sep 2022
Her eldest son Charles, 73, automatically becomes king of the United Kingdom and the head of state of 14 other nations, including Australia, Canada and New Zealand
US economy contracted in second quarter by 0.6%
31 Aug 2022
China launches a second module to its space station
25 Jul 2022
China will launch a third module, named Mengtian, in October this year, completing the T-shaped space station
Facing the Heat of Climate Change
21 Jul 2022
Temperatures will cease rising only if humans stop adding greenhouse gases to the atmosphere, and any failure to tackle climate change would see heat extremes escalate even more dangerously, say experts
Sri Lanka declares bankruptcy as country plunges into chaos
11 Jul 2022
Sri Lanka is currently in negotiations with the International Monetary Fund (IMF) to save the economy, but the IMF said more work was required to repair Sri Lanka’s runaway fiscal deficit before any agreement is worked out
Boris Johnson resigns as British prime minister
08 Jul 2022
At least 32 British lawmakers, including Treasury chief Rishi Sunak and Health Secretary Sajid Javid, left Johnson’s government in less than 24 hours, saying the Tory leader no longer has their confidence
Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations
01 Jul 2022
Chernogolovka, an aerated drinks company named after a town outside Moscow where it was founded in 1998, is reported to have more than doubled its presence in hotels, restaurants and cafes so far this year
World Bank fears a possible rerun of the 1970s ‘stagflation’
09 Jun 2022
Stagflation is a situation when high prices – mostly of oil and food - cause high inflation worldwide even as economies dependent on imports face recession
Quad plans over $50 bn infastructure investment in Asia-Pacific
25 May 2022
The Quad leaders said they will champion adherence to international law, as reflected in the UN Convention on the Law of the Sea (UNCLOS), and the maintenance of freedom of navigation and overflight, to meet challenges to the maritime rules-based order, including in the East and South China Seas
Sri Lanka govt plans to sell airline; prints money to pay salaries
23 May 2022
The nation has only one day’s stock of gasoline and the government is working to obtain dollars in the open market to pay for three ships with crude oil and furnace oil that have been anchored in Sri Lankan waters, the newly appointed Prime Minister Ranil Wickremesinghe said
Ray of hope as Russia offers ceasefire, Ukraine distances from Nato
09 Mar 2022
Russia announced the ceasefire for evacuation of the civilian population from Chernihiv, Sumy, Kharkiv, Mariupol, and Zaporizhzhia, even as Ukranian President Volodymyr Zelenskyy said he is no longer pressing for Nato membership for Ukraine, and cooled down on break-away provinces
Vladimir Putin seeks lawmakers’ permission to use force outside Russia
07 Mar 2022
Putin's move to sign a decree recognising Donetsk and Luhansk (Donbass) as independent regions, will pave way for Russian military forces to enter into these separatist-dominated regions claiming to be an ally of the rebels