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Sri Lanka begins fuel rationing due to shortages

Sri Lanka began fuel rationing for vehicles Friday after shortages were reported across the crisis hit island nation. The company responsible for two-thirds of the retail fuel market in addition to f...

Business Highlights: Musk's Twitter bid, jobless claims

___ Tesla CEO Elon Musk offers to buy Twitter for $43 billion NEW YORK (AP) — Tesla CEO Elon Musk has offered to buy Twitter outright, saying the social media platf...

IMF chief: Ukraine war and inflation threaten global economy

WASHINGTON (AP) — The head of the International Monetary Fund warned Thursday that Russia's war against Ukraine was weakening the economic prospects for most of the world’s countries and called high i...

IMF board approves new trust to help members deal with climate change, pandemics

The International Monetary Fund's executive board on Wednesday approved creation of a new facility to help low-income and most middle-income countries deal with longer-term challenges such as clim...

Sri Lanka's foreign debt default: Why the island nation went under

Sri Lanka, the island nation in the Indian Ocean with a population of nearly 22 million, has plunged into a deep economic crisis. With more than $50 billion (€46 billion) in external debt and a s...

UN says Ukraine war threatens to devastate many poor nations

UNITED NATIONS (AP) — Russia’s war on Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financi...

Yellen says China should urge Russia to end its Ukraine war

WASHINGTON (AP) — Treasury Secretary Janet Yellen on Wednesday urged China to use its “special relationship with Russia” to persuade Russia to end the war in Ukraine. Beijing “cannot...

U.S., allies 'will not be indifferent' to those who undermine Russia sanctions, Yellen warns

Countries that are seeking advantage by failing to condemn Russia's "heinous war" against Ukraine are being short-sighted and will face consequences if they undermine Western sanctions, ...

Sri Lanka's prime minister offers to meet with protesters

COLOMBO, Sri Lanka (AP) — Sri Lankan Prime Minister Mahinda Rajapaksa offered Wednesday to meet with protesters occupying the entrance to the president's office, saying he would listen to their ideas ...

Sri Lanka halts debt repayment pending IMF bailout plan

COLOMBO, Sri Lanka (AP) — Sri Lanka is suspending its repayment of foreign debt, including bonds and government-to-government borrowings, pending the completion of a loan restructuring program with th...

Pakistan: Will Imran Khan's ouster bring stability or a new crisis?

Following the removal of Pakistan's Prime Minister Imran Khanin a no-confidence vote, experts say the political reset could either usher in stability, or more unrest. Khan had attempted to sides...

Live Updates | Kyiv suburb's residents line up for food

BUCHA, Ukraine -- Civilians remaining in Bucha lined up Saturday for food donated by the local church in the battered Kyiv suburb where Ukrainian forces and journalists reported evidence of war crimes...

Sri Lanka business leaders demand end to political impasse

COLOMBO, Sri Lanka (AP) — Sri Lankan business leaders on Friday called for an end to political instability amid public demands for the president to resign over alleged economic mismanagement, warning ...

Pakistan: How the Supreme Court thwarted a 'civilian coup'

Pakistan's Supreme Court on Thursday ruled that a move by Prime Minister Imran Khan to dissolve the country's Parliament and thus avoid a no-confidence vote was unconstitutional. The court al...

Lebanon reaches tentative deal with IMF on economic policies

BEIRUT (AP) — Lebanon and the International Monetary Fund on Thursday reached a tentative agreement for comprehensive economic policies that could eventually pave the way for some relief for the crisi...