ONLINE EXCLUSIVES
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GLOBALDATA
Companies across industries are announcing mass layoffs in response to the ongoing volatile macroeconomic environment in the wake of the COVID-19 pandemic
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‘COMPLETELY COLLAPSED’: SRI LANKAN ECONOMIC CRISIS OVERSHADOWS AUSTRALIAN CRICKET TOUR
news.com.au – June 29, 2022 Last week, Australian Test captain Pat Cummins and a trio of teammates sat in a Colombo restaurant in darkness, waiting for the town’s power to be…
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CASH- STARVED PAK MAKES APPEAL FOR FRESH LOANS, UAE OFFERS BAILOUT DEAL
Business Standard - June 28, 2022 In response to cash-strapped Pakistan's request for fresh loans, the UAE has offered to buy minority shares in publicly-listed government-owned companies at a negotiated price and a…
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BILLIONAIRES ARE RACING TO SPACE—AND THE CLIMATE IS PAYING THE PRICE
Time - JUNE 28, 2022 There’s a spectator sport quality to the billionaire space race. Pick your favorite rich guy and your favorite rocket—Elon Musk’s Falcon 9, Richard Branson’s VSS Unity,…
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SURGE IN 5G SUBSCRIPTIONS
The top 20 telecom operators in the Asia-Pacific (APAC) region reported a year-on-year (YoY) cumulative average revenue growth of 7.5% in 2021, primarily
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CRISIS-HIT SRI LANKA JUST DAYS FROM RUNNING OUT OF FUEL
Reuters - June 27, 2022 Sri Lanka expects to run out of fuel in days, prompting the government to close schools in Colombo and order government employees to work from home,…
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SRI LANKA RUNS OUT OF FUEL, UNCERTAINTY OVER AVAILABILITY OF FRESH SUPPLIES HITS CITIZENS
India Narrative - 26 June 2022 Sri Lanka has run out of fuel. Worse, there is no indication when fuel supply will resume in the country. Apologising to citizens, Sri…
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A WORLD APART, LEBANON AND SRI LANKA SHARE ECONOMIC COLLAPSE
AP News - 24 June 2022 Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse…
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RESEARCH FROM 44 COUNTRIES SHOWS LEVELS OF RISING INFLATION ACROSS THE WORLD
World Economic Forum - 23 June 2022 Inflation rates have doubled in 37 of 44 advanced economies over the past two years, according to Pew Research Center analysis. Turkey had by…
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EXPLAINER: WHY CHINA’S YUAN IS WEAK AND MAY GET EVEN WEAKER
Asia Financial - June 21, 2022 China’s yuan is this year facing the most sustained depreciation pressure since 2015, when a shock devaluation triggered a global stock market rout. Like back…
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