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Hezbollah, allies lose majority in Lebanon's parliament

BEIRUT (AP) — Lebanon’s militant Hezbollah group and its allies lost their parliamentary majority, final elections results showed Tuesday, while more than a dozen independent newcomers gained seats. T...

Wickremesinghe chosen Sri Lanka PM in effort to quell crisis

COLOMBO, Sri Lanka (AP) — Five-time former Sri Lankan Prime Minister Ranil Wickremesinghe was reappointed on Thursday in an effort to bring stability to the island nation, which is engulfed in a polit...

Sri Lanka court bars ex-prime minister from leaving country

A court in the Sri Lankan capital Colombo on Thursday imposed a ban on former Prime Minister Mahinda Rajapaksa and several of his key allies from leaving the country. Rajapaksa stepped down as prime ...

Sri Lanka anti-government protests continue despite curfew

COLOMBO, Sri Lanka (AP) — Defying a nationwide curfew in Sri Lanka, several hundred protesters continued to chant slogans against the government on Tuesday, a day after violent clashes left four dead ...

Sri Lanka crisis not over despite PM Mahinda Rajapaksa's exit

The resignation of Sri Lanka's Prime Minister Mahinda Rajapaksa on Monday amid mass anti-government protests and rising public fury marks a watershed moment for a powerful dynasty that dominated t...

Sri Lanka: Troops evacuate outgoing PM amid unrest

Sri Lankan Prime Minister Mahinda Rajapaksa was escorted out of his official residence, known as Temple Trees on Tuesday, after the army prevented several attempts by protesters to break in overnight....

Rising interest rates in US will hinder foreign economies

WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing co...

Sri Lanka foreign reserves at record low, politics in crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country’s finance minister said Wednesday. Ali Sa...

A political reckoning in Sri Lanka as debt crisis grows

COLOMBO, Sri Lanka (AP) — Sherry Fonseka joined millions in 2019 in electing President Gotabaya Rajapaksa, a military strategist whose brutal campaign helped end Sri Lanka’s 30-year civil war 10 years...

IMF sees bumper year for Arab oil producers, risk for others

DUBAI, United Arab Emirates (AP) — The world's economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies an...

Pakistanis concerned about strict IMF demands amid new bailout talks

Last week, the International Monetary Fund (IMF) increased a loan program for Pakistan to $8 billion in an effort to prop up the country's cash-starved economy, according to media reports. On Sun...

Taiwan to overtake South Korea's per capita GDP by end of year

TAIPEI (Taiwan News) — Taiwan’s GDP per capita is poised to overtake South Korea’s before the end of the year, according to recent estimates by the IMF. South Korea first overtook...

Russia's standing in G-20 not threatened by Ukraine invasion

WASHINGTON (AP) — The last time Russia invaded Ukraine, in 2014, outraged world leaders booted Russia out of the Group of Eight industrialized nations, which quickly rebranded itself the Group of Seve...

Yellen says lowering U.S. tariffs on Chinese goods 'worth considering'

U.S. Treasury Secretary Janet Yellen on Friday said it was worth considering taking steps to lower U.S. tariffs on Chinese goods given the "desirable effects" such a move could have on lower...

Sri Lanka to receive World Bank help to face economic crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over the next four months to buy medicine and other essential items, the country’s finance minister sa...