Theo Maret is a research analyst at Global Sovereign Advisory and writes a sovereign debt newsletter. Brad Setser is a senior fellow at the Council on Foreign Relations and a former Treasury Department official. Sri Lanka is bankrupt and restructuring its debts. But there’s a high risk that this restructuring will not be thorough enough, leaving the country with a festering problem that will probably just lead to another default. And to a large extent, this is a result of the IMF’s bizarrely puny targets. The IMF argues that Sri Lanka’s debt will be sustainable if the country gets its…
Author: LMD International
About G20 The G20, or Group of Twenty, is a forum consisting of 19 countries and the European Union. It is an international platform established to promote cooperation and dialogue among the world’s most powerful economies. The member countries of the G20 account for two-thirds of the world’s population and 85 per cent of the global GDP. Inception of G20 The G20 was first established in 1999, and since then, it has become one of the most important platforms for international cooperation on global economic and financial issues. Over the years, the G20 has expanded its areas of focus to…
CNN – September 7, 2023 When Kolamba first opened in 2019, many diners who walked into the charming eatery in central London’s Soho district weren’t familiar with Sri Lankan cuisine. They thought it was just like Indian food, says the restaurant’s co-founder, Aushi Meewella, who grew up in Sri Lanka. “We felt Sri Lankan food was underrepresented in central London, so we wanted to bring the dishes we grew up on and missed when we moved away,” she tells CNN. While Sri Lanka is India’s little neighbor, with only 22 million people, its food and culture are quite different. And now, a…
If you are searching for the details of the Rugby World Cup opening ceremony for 2023, you’ve come to the right place. Here is what to expect when the event kicks off in Paris tomorrow evening. From the time it kicks off and where, to who will be involved, we’ve got the details for you. What time is the Rugby World Cup opening ceremony? The opening ceremony will take place at the Stade de France on Friday 8 September, at 8pm local time (7pm UK time) – just an hour and 15 minutes before the blockbuster opening match takes place, with hosts…
Hong Kong’s home airline will operate three non-stop flights per week to and from Colombo from 2 February 2024 Cathay Pacific, the award-winning Hong Kong-based airline, has announced the resumption of flights to and from Colombo beginning 2 February 2024. Day of the weekFlightDepartureSTDArrivalSTAWednesday FridaySundayCX610Colombo0045Hong Kong0840TuesdayThursday SaturdayCX611Hong Kong2005Colombo2330 After a hiatus of four years, Cathay Pacific is set to soar Sri Lankan skies once again, serving valued local customers and continuing its commitment to connect people across the globe. Cathay Pacific is returning with its Airbus A330 aircraft offering three flights a week operating from Colombo, ensuring a comfortable and premium…
France 24 – 25 August 2023 Starting Friday, Europeans will see their online life change. People in the 27-nation European Union can alter some of what shows up when they search, scroll and share on the biggest social media platforms like TikTok, Instagram and Facebook and other tech giants like Google and Amazon. That’s because Big Tech companies, most headquartered in the U.S., are now subject to a pioneering new set of EU digital regulations. The Digital Services Act aims to protect European users when it comes to privacy, transparency and removal of harmful or illegal content. Here are five…
CNBC – September, 1 2023 A former member of Singapore’s ruling party on Saturday scored a landslide victory to become the city-state’s president, in an election seen as a barometer of public sentiment amid economic challenges and high-profile scandals. Former deputy prime minister Tharman Shanmugaratnam, 66, won 70.4% of votes, the elections department said, to become Singapore’s head of state. The country is a parliamentary democracy and Prime Minister Lee Hsien Loong is the head of government. Analysts said the landslide victory for the candidate seen as closest to the establishment is a sign that Singaporeans generally still trust the…
Business Standard – August 25, 2023 BA.2.86 was first spotted in Denmark on July 24 when it infected a patient at risk of severe illness. Subsequently, it has been detected in symptomatic patients and wastewater samples A highly mutated Covid-19 variant named BA.2.86 has been identified in Switzerland and South Africa, along with Israel, Denmark, the US, and the UK, according to a leading World Health Organization (WHO) official, Reuters reported. This offshoot of Omicron has over 35 mutations in crucial parts of the virus when compared to XBB.1.5, which was the predominant variant through most of 2023. The mutation…
Live Science – August 24, 2023 The stunning experiment, which reconstructs the properties of entangled photons from a 2D interference pattern, could be used to design faster quantum computers. Scientists have used a first-of-its-kind technique to visualize two entangled light particles in real time — making them appear as a stunning quantum “yin-yang” symbol. The new method, called biphoton digital holography, uses an ultra high-precision camera and could be used to massively speed up future quantum measurements. The researchers published their findings Aug. 14 in the journal Nature Photonics. Quantum entanglement — the weird connection between two far-apart particles that Albert Einstein…
Khaleej Times – 29 August, 2023 It is the final stop for five of the six teams to find answers for some nagging questions ahead of the World Cup Three possible high-octane India versus Pakistan games for the starved fans on both sides of the border along with a final chance for five nations to put their respective houses in order before the World Cup adds context to Asia Cup, starting in Multan on Wednesday. It is a tournament that has often struggled to find relevance in the midst of mushrooming bilateral contests over the last decade along with waning…