IBT Staff Reporter

Sri Lanka must look at restructuring a $1 billion sovereign debt due for payment in July, the outgoing finance minister told parliament on Thursday, urging an end to calls for a change in government amid the country's worst economic crisis in decades.

Sri Lanka must look at restructuring a $1 billion sovereign debt due for payment in July, the outgoing finance minister told parliament on Thursday, urging an end to demands for a change in government amid the country's worst economic crisis in decades.

Sri Lanka must urgently seek funds from multilateral lenders and aim to restructure a debt payment due in July, its outgoing finance minister said on Thursday, pleading for political stability amid the country's worst economic crisis in decades.

Investors in Russia's international bonds face an increasingly uncertain path to recover their money should Russia ultimately default, while the country itself would face increased financial isolation and hurdles to regain investor confidence.

More than half of the European population support legalization of adult use of cannabis and around 30% of them are interested in purchasing it, according to polling data by industry consultants on Thursday.

'Cyber Rodeo' bash fetes new Tesla plant in Texas

Ecuador's deadly prison riots show no signs of slowing

China's abstentions on U.N. votes to condemn Russia's invasion of Ukraine are a "win", said the U.S.

Fleeing Russians help Uzbekistan chase IT dreams

Arab Israelis flock to West Bank to choose babies' sex

Pakistan's top court hopes to wrap up on Thursday a hearing on Prime Minister Imran Khan's obstruction of an opposition bid to oust him, a manoeuvre his critics say was unconstitutional and has led to political turmoil in the nuclear-armed country.

Pakistan's top court will on Thursday rule on Prime Minister Imran Khan's obstruction of an opposition bid to oust him, a manoeuvre his critics say was unconstitutional and has led to political and economic turmoil in the country.

Pakistan's Supreme Court ruled on Thursday that Prime Minister Imran Khan's move to dissolve parliament was unconstitutional and called for lawmakers to return in two days, a decision that could spell the end of his premiership.

Pakistan's Supreme Court ruled on Thursday that Prime Minister Imran Khan's move to dissolve parliament was unconstitutional and ordered lawmakers to return, a decision that could spell the end of his premiership as soon as Friday.

A Japanese battery start-up said on Thursday it would launch a commercial fleet service using electric vehicles from China's Geely Auto Group, joining a growing field of services aimed at helping companies reduce their carbon footprint.

A Japanese battery start-up said on Thursday it would launch a commercial fleet service using electric vehicles from China's Geely Holding Group, joining a growing field of services aimed at helping companies reduce their carbon footprint.

Dangerous stray dogs pose culling dilemma in N.Africa

Hong Kong activists fade from view as national security case drags

Streamers come of age after 'CODA' Oscar win

Verstappen wary of revamped Australian GP circuit as Leclerc looms

Beatles fan's lost letter turns to story of pandemic hope

Asian shares retreated on Thursday in line with a global selloff, as markets were spooked by more aggressive noises from U.S.

Asian shares retreated on Thursday, in line with a global selloff, as markets were spooked by more aggressive noises from U.S.

U.S. Treasury bond yields slipped from multi-year highs on Thursday, offering some respite to equities after Federal Reserve minutes released the previous day reinforced the rate-hike momentum already priced into markets.

Torrential rain pummelled Australia's east coast on Thursday with Sydney receiving nearly a month's rain overnight, submerging the city's roads in flash floods and triggering evacuations as authorities warn of more rain through the day.

Torrential rain pummelled Australia's east coast on Thursday with Sydney receiving nearly a month's rain overnight, turning suburban roads into rivers and triggering evacuations as authorities warn of more rain through the day.

Some Asian central banks are shaking off their long-held reluctance to follow their global peers in lifting benchmark interest rates off historic lows, as the Ukraine war blows consumer prices well out of policymakers' comfort zones.

Yemen's president delegated power to a presidential council and dismissed his deputy on Thursday as Saudi Arabia moved to strengthen an anti-Houthi alliance amid U.N.-led efforts to revive negotiations to end the seven-year war.

International Energy Agency member countries agreed to release 60 million barrels on top of a 180 million-barrel release announced by the United States last week to help drive down prices in a tight market following Russia's invasion of Ukraine.