Sri Lanka suspends foreign debt payments to avoid hard default
The foreign debt payments stand at $4bn which is due this year.
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Sri Lanka crisis triggers global demand for Indian textiles, tea
Power disruptions due to the economic crisis has led to a drop in production.
Ferrero withdraws Kinder chocolates from America over the fear of salmonella
The chocolates are being recalled because the manufacturing facility in Belgium was detected with salmonella.
Now, Elon Musk decides not to join Twitter board
The reason for this development has not been stated either by Musk or Twitter.
HP shares skyrocket after Buffett buys stake
Berkshire Hathaway has bought shares in various transactions.
Microsoft diffuses some cyber threats against Ukraine by Russian spies
Microsoft announced that they have taken control of seven Strontium domains.
Indian refiners set to cut Saudi oil, buy Russian barrels
Two Indian refiners are in the process of buying less Saudi oil than usual.
Global housing market recorded steady growth in 2021
The housing sector turned ‘red hot’, especially at a time when vaccines started rolling out and economic uncertainty receded. The best performing housing market was
Elon Musk zooms past Jeff Bezos to emerge as the world’s richest man
Forbes says the number of billionaires has fallen by 87 this year.
World Bank predicts war in Ukraine to worsen poverty in APAC
The World Bank has made detailed forecasts in its April 2022 economic update.