ONLINE EXCLUSIVES
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EURO ZONE INFLATION HITS RECORD 8.6% AS THE EUROPEAN CENTRAL BANK PREPARES FOR ITS FIRST RATE HIKE IN 11 YEARS
CNBC - 1 July, 2022 Euro zone inflation reached a new record high in June just ahead of the European Central Bank’s first rate increase in 11 years. Headline inflation came in at…
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SRI LANKAN SPRINTER BECOMES FIRST SOUTH ASIAN TO BREAK 10-SECOND BARRIER
The Daily Star - July 3, 2022 Sri Lanka's Yupun Abeykoon became the first sprinter from South Asia to clock sub-10 seconds in men's 100m sprint when he blazed to victory…
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RECORD $82 BILLION DEALMAKING SPREE SEES INDIA DEFY GLOBAL SLUMP
The Times of India - June 28, 2022 Bankers in India recorded their best-ever quarter for mergers and while dealmaking elsewhere slows to a crawl. India saw $82.3 billion pending…
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STAGFLATIONARY GLOBAL DEBT CRISIS LOOMS – AND THINGS WILL GET MUCH WORSE
The Guardian - 30 June 2022 The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policymakers, investors and households now asking how much…
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IMF-SRI LANKA BAILOUT TALKS END WITHOUT A DEAL
The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a bailout package for the near-bankrupt nation after 10 days.
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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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