Global coral bleaching event expanding to new countries: Scientists
The massive coral bleaching episode signaled by US authorities last month is expanding and deepening in reefs around the globe, scientists warned Thursday. Amid record ocean temperatures, coral bleaching has been recorded in 62 countries and territories since February 2023, the US National Oceanic and Atmospheric Administration (NOAA) said — an increase of nine from […]
Read MoreSri Lanka Faces Roadblock in Debt Restructuring Efforts as Government Rejects Bondholders’ Proposal
Efforts to navigate Sri Lanka’s complex debt crisis hit a stumbling block on Tuesday as the government rejected a proposal put forth by international bondholders to restructure over $12 billion in debt. The decision not only jeopardizes crucial International Monetary Fund (IMF) support but also prolongs the island nation’s struggle to resolve a two-year-long […]
Read MoreIndia, South Korea explore joint projects in Bangladesh, Sri Lanka
India and South Korea are currently in early stages of discussing joint development projects in neighbouring countries such as Bangladesh and Sri Lanka. The discussion signifies a renewed focus on bilateral relations between India and South Korea, with Seoul seen expanding its strategic interests beyond East Asia, reports Mint. According to earlier reports by Mint, […]
Read MoreBankrupt Sri Lanka’s recovery ‘not yet assured’: IMF
Bankrupt Sri Lanka’s economic recovery was “not yet assured”, the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at repairing the island nation’s ruined finances. The Washington-based lender of last resort said Sri Lanka had been unable to meet its revenue targets and ensure growth although it had […]
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