Sri Lanka Defaults on Debt, Blaming Covid, As Financial Crisis Deepens
Sri Lanka's central bank said on Tuesday it had become "challenging and impossible" to repay external debt, blaming the "effects of the COVID-19 pandemic" for the drastic move.
Tag: Recession
U.K. Bans Russian Oil Imports Amid Pandemonium at the Pumps in Britain
Britain has today followed the U.S. and banned Russian oil imports as drivers started queuing for fuel after being hit by the steepest weekly hike in fuel prices in more than 18 years.
