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Bankrupt Sri Lanka looks to expand airline fleet

  Cash-strapped Sri Lanka’s loss-making national carrier revealed plans Thursday to lease up to 21 aircraft, just two days after the government announced a default...

Sri Lanka debt restructuring could take months: S&P

S&P GLOBAL RATINGS said Wednesday (13) it could take months for Sri Lanka to restructure its foreign debt, a day after the country announced...

Jaishankar, Tai discuss bilateral trade, barriers

  US Trade Representative Katherine Tai met Indian external affairs minister Subrahmanyam Jaishankar on Tuesday (12) and both agreed the newly relaunched US-India Trade Policy...

Major crypto exchanges disable deposits via state-backed system

  BIG Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency using a widely-used state-backed transfer system, spurring users to...

Sri Lanka defaults on all foreign debt

SRI LANKA defaulted on its $51 billion (£39.23 bn) foreign debt on Tuesday (12) as the island nation grapples with its worst economic crisis...

Russia’s state-owned miner to default on eurobond payment

  RUSSIA’s state-owned diamond miner said that it cannot make a payment on a eurobond after Washington imposed blocking sanctions, the Interfax news agency reported. The...

Heathrow reports highest passenger numbers since start of Covid

THE PASSENGER traffic at London’s Heathrow Airport in March this year was the highest since the pandemic began, driven by outbound leisure travel and...
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