ONLINE EXCLUSIVES
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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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SRI LANKAN PRIME MINISTER: ISLAND’S ECONOMY ‘HAS COLLAPSED’
AP News - June 23 2022 Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, the prime minister told lawmakers Wednesday in comments that…
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AIR INDIA PREPARES ONE OF THE LARGEST AIRCRAFT DEALS IN AVIATION HISTORY
Business Standard - June 20, 2022 Air India Ltd. is considering ordering as many as 300 narrowbody jets, according to people familiar with the matter, in what could be one of the…
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80% OF ECONOMISTS SEE ‘STAGFLATION’ AS A LONG-TERM RISK. WHAT IT IS AND HOW TO PREPARE FOR IT
CNBC - June 21 2022 Stagflation is a term coined in the 1970s to refer to a combination of high inflation and high unemployment. Recent surveys show economists and fund managers see…
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CRYPTO FEARS NOW MATERIALISING, CENTRAL BANK BODY BIS SAYS
Reuters - June 21, 2022 Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS,…
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‘PERFECT STORM’ FOR AIRLINES FACING STRONG U.S. DOLLAR AND HIGH OIL PRICES
Reuters - June 21, 2022 Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad…
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