Money Talks

Sri Lanka suspends debt payments amid shortages of key goods

Sri Lanka has suspended all payments of foreign loans and has begun defaulting on billions of dollars of its international debt. The country's foreign currency reserves have plunged to less than $500M. That leaves the import-dependent economy gasping for food and fuel shipments. And as Tayyibe Aydin reports, that's building pressure on the government to step down. Paikiasothy Saravanamuttu is the founder and executive director of the Centre for Policy Alternatives in Colombo. He told us more about the current situation in Sri Lanka and what a loan from the IMF would mean for the country. #SriLanka #SriLankaEconomy #EconomicCrisis

Sri Lanka Attacks: At least 290 people killed in Sri Lankan blasts

Sri Lanka Attacks: At least 290 people killed in Sri Lankan blasts

Fault Lines Sri Lanka: Land owners hope to reclaim their land

Fault Lines Sri Lanka: Land owners hope to reclaim their land

Sri Lanka mourns blast victims

Sri Lanka mourns blast victims

Sri Lanka Attacks: President to replace heads of security, defense

Sri Lanka Attacks: President to replace heads of security, defense

The world's richest took more than half of all new wealth since 2020

The world's richest took more than half of all new wealth since 2020

Oil prices fall as US recession fears mount

Oil prices fall as US recession fears mount

UK inflation falls slightly to 10.5%, core CPI unchanged

UK inflation falls slightly to 10.5%, core CPI unchanged

Asian shares trade at 7-month highs ahead of US consumer price data

Asian shares trade at 7-month highs ahead of US consumer price data

Coinbase to slash 20% of workforce in second major round of cuts

Coinbase to slash 20% of workforce in second major round of cuts

Brazilian President Lula vows to reverse Bolsonaro era policies

Brazilian President Lula vows to reverse Bolsonaro era policies

Turkiye's biggest Fintech Summit took place in Istanbul

Turkiye's biggest Fintech Summit took place in Istanbul

Global growth expected to be as weak next year as 2009

Global growth expected to be as weak next year as 2009

Türkiye launches probe on FTX founder Sam Bankman-Fried

Türkiye launches probe on FTX founder Sam Bankman-Fried

Oil prices sink as EU considers price cap on Russian oil

Oil prices sink as EU considers price cap on Russian oil

New Zealand central bank delivers its biggest ever rate hike

New Zealand central bank delivers its biggest ever rate hike

Dollar steadies as China pandemic fears linger

Dollar steadies as China pandemic fears linger

Show More