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Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil

Editorial Bureau June 22, 2022

Colombo(Sri Lanka)- Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil

World

UN food agency official alarmed by Afghan food, fuel prices

Editorial Bureau March 19, 2022

KABUL, Afghanistan — An official with the U.N. food agency warned Friday that with Russia’s war in Ukraine taking an increasing toll on the global economy, the ripples of that conflict will further increase food and fuel prices in the desperately poor Afghanistan. Since the Taliban takeover in mid-August, Afghanistan has been sinking deeper into […]

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