EXCLUSIVE Sri Lanka to seek $3 billion to stave off crisis -finance minister

EXCLUSIVE Sri Lanka to seek  billion to stave off crisis -finance minister

Seeks further $500 mln from India for fuel Government priority to ensure supply of essentials To raise taxes and fuel prices within six months COLOMBO, April 9 (Reuters) – Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, … Read more

Wife of UK finance minister agrees to stop avoiding UK tax

Wife of UK finance minister agrees to stop avoiding UK tax

Sunak’s wife to pay British tax on global income Akshata Murthy is daughter of founder of Infosys Indian citizen previously only paid UK tax on UK income Row is latest setback for Sunak, possible future UK leader April 8 (Reuters) – Akshata Murthy, the wife of British finance minister Rishi Sunak, said on Friday that … Read more

Maldives shelters sanctioned Russian billionaires’ yachts

Maldives shelters sanctioned Russian billionaires’ yachts

Maldives will not actively pursue yacht seizures – sources Fears impact of Russia sanctions on tourism industry – sources “Far-fetched” to think yachts will be confiscated MALE, April 7 (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union’s sanctions list on March 9, his superyacht Motor Yacht … Read more

Sri Lanka gets new finance minister, cenbank governor as unrest grows

Sri Lanka gets new finance minister, cenbank governor as unrest grows

President calls all parties to take up ministerial roles President’s brother replaced as finance minister Central bank governor offers to resign ahead of policy meet Spontaneous protests continue across country Coalition partner rejects new cabinet COLOMBO, April 4 (Reuters) – Sri Lankan President Gotabaya Rajapaksa dropped his brother as finance minister and sought a new … Read more

Explainer: What political upheaval in Pakistan means for rest of the world

Explainer: What political upheaval in Pakistan means for rest of the world

WASHINGTON/ISLAMABAD, April 4 (Reuters) – Pakistan Prime Minister Imran Khan blocked a no-confidence vote he looked sure to lose on Sunday and advised the president to order fresh elections, fueling anger among the opposition and deepening the country’s political crisis. His actions have created huge uncertainty in Islamabad, with constitutional experts debating their legality and … Read more

Germany says West to agree more sanctions on Russia after Bucha killings

Germany says West to agree more sanctions on Russia after Bucha killings

German minister urges tougher EU stance on gas imports Ukraine demands tougher sanctions on Russia Russia says West has declared economic war LVIV, Ukraine, April 3 (Reuters) – Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes … Read more

Social media platforms blocked in Sri Lanka amid curfew, opposition protest

Social media platforms blocked in Sri Lanka amid curfew, opposition protest

COLOMBO, April 3 (Reuters) – Sri Lankan soldiers with assault rifles and police manned checkpoints in Colombo on Sunday as the government blocked social media platforms after imposing a curfew to contain public unrest triggered by the country’s economic crisis. The latest restrictions come after the government on Saturday implemented a countrywide curfew as protests … Read more

Sri Lanka impose curfew, lawyers urge end to state of emergency

Sri Lanka impose curfew, lawyers urge end to state of emergency

Curfew until 0030 GMT on Monday Lawyers urge president to revoke state of emergency Sri Lankans suffering from lack of fuel, essential items India rushes to provide food aid COLOMBO, April 2 (Reuters) – Sri Lanka’s government imposed a weekend curfew on Saturday even as hundreds of lawyers urged President Gotabaya Rajapaksa to revoke a … Read more

Sri Lanka declares emergency after violent protests over economic crisis

Sri Lanka declares emergency after violent protests over economic crisis

COLOMBO, April 2 (Reuters) – Sri Lankan President Gotabaya Rajapaksa declared a nationwide public emergency late on Friday following violent protests over the country’s worst economic crisis in decades. Rajapaksa said in a government gazette notification that he took decision in the interests of public security, the protection of public order and the maintenance of … Read more

US officials circle globe to keep pressure on Putin as ruble rises

US officials circle globe to keep pressure on Putin as ruble rises

US Secretary of State Antony Blinken meets with Abu Dhabi’s Crown Prince Mohammed bin Zayed Al Nahyan at his residence in Rabat, Morocco, March 29, 2022. Jacquelyn Martin/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 31 (Reuters) – Senior US officials fanned out this week to press world … Read more