Sri Lanka ‘can’t get out of crisis without China,’ analyst says

Sri Lanka won’t be able to resolve its debt restructuring problems without help from China as the country teeters on the brink of economic collapse, according to analysts. Sri Lanka has defaulted on its debt, plunging the island nation into its worst financial crisis since independence in 1948. In addition to fuel shortage, the country … Read more

Sri Lanka acting president declares emergency amid protests

COLOMBO, Sri Lanka (AP) — Sri Lanka’s acting president on Monday declared a state of emergency that gives him broad authority amid growing protests demanding his resignation — just two days before the country’s lawmakers are set to elect a new president. Ranil Wickremesinghe became acting president on Friday after his predecessor, Gotabaya Rajapaksa, fled … Read more