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Nearly half a trillion dollars were wiped from once high-flying financial technology companies
Sajith Premadasa faces uphill battle in vote to pick new president on Wednesday
A number of developing economies face growing pressure from soaring energy and food costs and a stronger US dollar
Plus, what’s behind Bill Gates’ new $20bn pledge
Gotabaya Rajapaksa forced from power in face of mass protests over country’s economic collapse
China’s historic reluctance to engage with other creditors will be decisive factor
Gotabaya Rajapaksa departs on the day he was expected to resign in the face of mass protests
Angry public blames food and fuel shortages on leaders’ mismanagement as well as global crises
Nearly a dozen candidates have emerged to replace UK prime minister Boris Johnson
A significant minority of debt-laden emerging nations are already on the brink of crisis
Ranil Wickremesinghe says government will also quit once a new all-party cabinet is in place
EU calls for ‘orderly transition’ as president’s office promises more cooking oil is on the way
Protests over worsening economic crisis leave government on brink of collapse
Visitors face a dilemma: resources are dwindling and inflation soaring, yet tourist dollars are desperately needed
Two-week ban comes as country grapples with worsening debt and economic crisis
Hedge funds smell an opportunity in Sri Lanka’s debt mess
With a growing risk of defaults in the developing world, the reliability of projections needs urgent improvement
Rising rates and lower growth could lead to a wave of sovereign defaults
China has sprung a debt trap on many developing countries
South Asian nation slips from growth to dependence on donations and emergency loans
Ranil Wickremesinghe says Beijing offers ‘a few hundred million dollars’ as Colombo seeks IMF bailout
The country has opened talks with the IMF over a $4bn bailout with observers waiting to see how China, one of the main creditors, will react
Economic crisis deepens as nation misses interest payments on two international sovereign bonds
Grace period for Colombo to make interest payments on two international bonds expired on Wednesday
Heir to country’s most powerful political dynasty appoints new PM in desperate bid to remain in office
International Edition