Sri Lanka’s cabinet, central bank chief resign over spiralling economic crisis
04 April 2022 | 1:57 pm
Following days of protests over soaring prices and fuel shortages, Sri Lanka's cabinet ministers have resigned en masse. The head of the central bank has also stepped down. We take a look at how the heavily indebted country got to this stage. Plus, our correspondents report on how Niger could be facing its worst food crisis in a decade, amid global food and energy shortages worsened by the war in Ukraine.
In this article
28 Jul 2022
Economic instability has Indian investors and exporters worried about receiving payments. The Indian government is doing what it can to help keep essential goods moving.
29 Jul 2022
The law would provide whistleblowers with more legal security following pressure from the European Union to comply with a 2019 EU directive, but civil society organizations are criticizing the new bill as insufficient.
28 Jul 2022
As unrest over the economic crisis continues, lawmakers have extended the executive's emergency powers. Meanwhile, Singapore extended former Sri Lankan President Gotabaya Rajapaksa's permission to stay.
7 Aug 2022
The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
‘Nigeria recovered N3.2bn foreign loots in 14 months, Lalong won’t resign as campaign DG – APC group
11 Aug 2022
Find these stories and much more when you grab a copy of The Guardian on Friday.
21 Aug 2022
Sri Lanka has granted permission for the Chinese space-tracking vessel Yuan Wang 5 to dock at a port that China runs. The Hambantota port is the southernmost in Sri Lanka and has raised the concern of India.
28 Aug 2022
Germany's federal government has agreed on a package of new measures, most of which will be up to the discretion of individual states, to combat the spread of the coronavirus in the cooler winter months.
29 Aug 2022
Double disappointment for Sri Lanka as the T20 cricket team is soundly beaten by Afghanistan, a month after losing hosting responsibilities of the Asia Cup tournament to the United Arab Emirates.
2 Sep 2022
The International Monetary Fund says a first agreement has been reached on a $2.9 billion loan to the bankrupt country. Sri Lanka is facing its worst economic crisis in more than 70 years.
5 Sep 2022
The UK is set to learn whether Liz Truss or Rishi Sunak will succeed Boris Johnson as the next prime minister. The new Conservative Party head faces a long and pricey to-do list, including the cost-of-living crisis.
16 Sep 2022
Sri Lanka is facing its worst economic crisis in decades. Around 30% of Sri Lankans are coping with food insecurity, and one out of four are skipping meals regularly.
27 Sep 2022
Sweden's Riksbank has kicked off what's expected to be a series of interest rate hikes around the world, as central banks struggle to curb inflation. The 100 basis point hike is Sweden's biggest in three decades, in response to a cost-of-living crisis that's affecting households and businesses.
3 hours ago
US Treasury Secretary Janet Yellen warned that inaction on the debt ceiling would "cause severe hardship." The previous estimate for a potential debt default was June 1.
4 hours ago
On Sunday the incumbent President Erdogan faces his challenger Kemal Kilicdaroglu in the second round of the presidential election. Both candidates are still fighting for every vote.
6 hours ago
Egyptians are furious: In a new Netflix documentary, Egyptian Queen Cleopatra is being played by Black British actress. They say this distorts Egypt's identity. But does a black Cleopatra really steal Egyptian history?
6 hours ago
A helicopter crashed while inspecting power lines damaged by storms in the Italian province of Ravenna. Prime Minister Giorgia Meloni is set to leave the G7 summit in Japan earlier to lead the response to flooding.
6 hours ago
Tens of thousands of people have taken to the streets of Belgrade for a third time to protest over violence. Protesters are calling for the resignation of the interior minister and the head of intelligence.
7 hours ago
Second division leaders Darmstadt 98 secured their promotion back to Germany's top division, the Bundesliga, after a six-year absence. A 1-0 win over Magdeburg guarantees them either first or second in the 2. Bundesliga.