The verdict is the first ever criminal conviction of a major Swiss lender in the country’s history.
Russia has pushed back against the default designation, saying it has the funds to cover any bills.
We look at what’s behind the rising cost of living and the action being taken by policymakers.
Russia has failed to meet the deadlines because mounting sanctions are cutting off avenues to transfer the cash.
Ratcheting up of sanctions is promoting a migration of Russian businesses to Dubai.
In a lawsuit, the bondholder said the default is being ‘orchestrated by officials at the highest levels of government’.
Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement.
Stocks have ticked steadily downward as the US Federal Reserve bank raises interest rates.
Crypto enthusiasts say it’s the only solution to the cash crunch that was created when the Taliban took over.
Rajapaksa says he won’t stand for re-election but wants to fix financial mess rather than ‘go as a failed president’.
The recently announced stimulus will go to boost infrastructure investment and is part of old playbook to drive growth.
The White House is in need of solutions to quell the highest inflation in 40 years and soaring petrol and food prices.
Finance minister says several countries are ready to offer help, but first wants Islamabad to secure funds from IMF.
The PM is seeking $4bn from the IMF, China and Japan to pay for food and fuel even as he slashes budget to ‘bare bones’.
