IBT Staff Reporter

Sri Lanka's new PM struggles to form unity government

North Korea is facing its first confirmed COVID-19 outbreak with no known vaccine programme, sparking new calls for the government to accept aid that could save lives, help protect its battered economy, and possibly lead to a diplomatic opening.

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Sri Lanka's main opposition party joined anti-government protesters on Friday in rejecting the appointment of a new prime minister and insisted the president resign to take responsibility for the country's disastrous economic crisis.

Sri Lanka's main opposition party joined anti-government protesters on Friday in rejecting the appointment of a new prime minister and insisted the president resign to take responsibility for the country's disastrous economic crisis.

Sri Lanka's new prime minister will begin forming a unity government on Friday, but his appointment has failed to appease anti-government protesters demanding the resignation of the president for the country's disastrous economic crisis.

Sri Lanka's main opposition party joined anti-government protesters on Friday in rejecting the appointment of a new prime minister, and insisted the president resign because of the country's disastrous economic crisis.

Five storeys below the besieged Azovstal steelworks, Ukrainian soldiers told Nataliya Babeush she had a few minutes to prepare to escape the underground bunker she called home for more than two months.

Two former presidents will face off against the incumbent in Somalia's long-delayed presidential vote on Sunday behind blast walls to protect lawmakers from Islamist attacks or meddling by factions within the security services.

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U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets over the past few weeks has spilled even into this traditional safe haven.

Tuvalu fears that climate change, an existential threat to the Pacific nation, is being forgotten and it worries that fellow island nations could become "pawns" in a global competition between China and the United States, its foreign minister said.

North Korea's admission that it is battling an "explosive" COVID-19 outbreak has raised concerns that the virus could devastate a country with an under-resourced health system, limited testing capabilities, and no vaccine programme.

Chinese developer Zhongliang Holdings is scrambling to secure bondholder approval to extend the repayment on notes worth $729 million ahead of a key deadline next week, joining peers desperate to avoid offshore debt defaults.

A surprising lack of panic in the U.S. stock market as measured by Wall Street's "fear gauge" is keeping some investors from calling a bottom on an already bruising equity selloff.

Traders in the world's largest markets are having to navigate wild intra-day swings and shrinking deal sizes as central banks rapidly withdraw stimulus measures, in a small-scale reminder of a pandemic-driven financial seize-up just two years ago.

Malaysia's economic growth picked up pace in the first quarter and was likely to accelerate further this year amid sustained demand and the reopening of international borders, the central bank said on Friday.

Malaysia's economic growth picked up pace in the first quarter on recovering demand and a stronger labour market as the global economy rebounds from the coronavirus pandemic, the central bank said on Friday.

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of COVID-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a Reuters poll found.

Foreign ministers from the G7 group of rich nations will discuss how to alleviate food security concerns when they meet in Germany on Friday as fears mount that the war between Russia and Ukraine could further destabilise Moldova.

Foreign ministers from the G7 group of rich nations aim to give what Germany called a "powerful sign of unity" as they meet on Friday to discuss the war in Ukraine, fears that the conflict could spill over into Moldova, and food security concerns.

Foreign ministers from the G7 group of rich nations backed giving more aid and weapons to Ukraine as they met on Friday in what Germany called a "powerful sign of unity" to deepen Russia's global isolation for invading its neighbour.

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South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities.

Shot by security forces during protests over the 2020 Beirut port blast and frozen out of his bank savings during Lebanon's financial collapse, Firas Hamdan has plenty of grievances against the authorities.

Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin.

Cryptocurrencies nursed large losses on Friday, with bitcoin back above $30,000 and but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cryptocurrency markets.