Financial Crisis

US futures point to a bear market; here’s what that means
Jun 14, 2022

US futures point to a bear market; here’s what that means

Wall Street looks like it will open the week with more losses, with the S&P 500 falling to a level that market observers consider to be a so-called bear market


The AP Interview: Sri Lanka PM says he's open to Russian oil
Jun 12, 2022

The AP Interview: Sri Lanka PM says he's open to Russian oil

Sri Lanka’s prime minister says he may be compelled to buy more oil from Russia as he hunts desperately for fuel to keep the country running


Lebanon to launch tender for $70 million airport terminal
Jun 8, 2022

Lebanon to launch tender for $70 million airport terminal

A Lebanese Cabinet minister says Lebanon will soon launch an international tender for the construction of a new terminal at the country’s only international airport in Beirut


Sri Lanka's prime minister offers to meet with protesters
Apr 13, 2022

Sri Lanka's prime minister offers to meet with protesters

Sri Lanka’s prime minister is offering to meet with protesters occupying the entrance to the president’s office, saying he would listen to their ideas for resolving the economic, social and political crisis facing the country



Sri Lanka halts debt repayment pending IMF bailout plan
Apr 12, 2022

Sri Lanka halts debt repayment pending IMF bailout plan

Sri Lanka's government says it is suspending its repayment of foreign debt, including bonds and government-to-government borrowings, pending the completion of a loan restructuring program with the International Monetary Fund to deal with the island nation’s worst economic crisis in decades


Sri Lanka business leaders demand end to political impasse
Apr 8, 2022

Sri Lanka business leaders demand end to political impasse

Sri Lankan business leaders are calling for an end to the country’s political instability amid public demands for the president to resign over alleged economic mismanagement, warning that failure to do so would lead to economic catastrophe


Turkey suspends trial of Saudi suspects in Khashoggi killing
Apr 7, 2022

Turkey suspends trial of Saudi suspects in Khashoggi killing

A Turkish court has suspended the trial in absentia of 26 Saudis accused in the gruesome killing of Washington Post columnist Jamal Khashoggi and ruled that the case be transferred to Saudi Arabia


Sri Lanka president will not resign despite growing protests
Apr 6, 2022

Sri Lanka president will not resign despite growing protests

A government minister says Sri Lanka’s president will not step down and instead will face the political and economic crisis that has sparked large protests demanding his resignation


Pope Francis to visit Lebanon in June during economic crisis
Apr 5, 2022

Pope Francis to visit Lebanon in June during economic crisis

The office of Lebanon's president says Pope Francis will visit the country in June



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.