Author: LMD International

The Oscars fever will grip the world on Monday (India time), March 3, as the 97th Academy Awards is set to take place in Hollywood, California, United States. Cinephiles around the world are eager to watch the live event, as Sean Baker’s Palme d’Or winner Anora, Edward Berger’s Vatican thriller Conclave, and Brady Corbet’s post-war epic The Brutalist, among other titles, are set to battle it out in under 23 categories.

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A newly developed dataset shows how the pandemic’s aftermath ushered in the worst housing affordability crisis in more than a decade The pandemic and subsequent return of inflation set off the world’s worst housing affordability crisis in more than a decade. It spilled across some of the largest advanced economies and contributed to widespread anger and resentment about economic conditions. Affordability fell in the United States, the United Kingdom, Australia, Canada, Germany, Portugal, and Switzerland. On average across countries, housing is less affordable today than during the house price bubble that preceded the global financial crisis of 2007–08, according to…

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Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget. Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday while announcing the budget which is seen as a key step towards returning the country to durable, long-term growth. The budget is mostly in line with targets set under a $2.9 billion International Monetary Fund (IMF) programme, including a key 2.3% primary account surplus goal. Reuters – February…

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