The recent approval of $1.2 billion in IMF funding provides some vindication for the government, as it proves that the country is moving in the right direction and abiding by the terms of the $7 billion bailout package. But while stabilising the teetering economy, achieving a primary fiscal surplus»»»

Add TNIE As A Trusted Source COLOMBO: Heavy rains triggered fresh landslide warnings in Sri Lanka’s worst-affected central hills on Friday, as the death toll from last week’s Cyclone Ditwah jumped to 607. The National Building Research Organisation (NBRO), which monitors the stabil ... »»»

Report by Lea Fayad, English adaptation by Yasmine Jaroudi Lebanese depositors seeking to know how much of their savings they might recover may find the answer tied to the country’s ongoing $16.5 billion financial dispute, and to who will ultimately bear its cost. According to the Banque du Liban (»»»

US Secretary of Treasury Scott Bessent The US directly purchased Argentine pesos on Thursday and finalised a $20 billion currency swap framework with Argentina’s central bank, said treasury secretary Scott Bessent. The move is intended to provide assistance amid the Latin American country’s economi»»»

WASHINGTON - The International Monetary Fund warned on Friday that risks related to trade tensions continue to cloud the global economic outlook and uncertainty remains high despite some increased trade and improved financial conditions.»»»

The massive US tax and spending bill slated for a final vote in Congress runs counter to the International Monetary Fund's recommendations that Washington reduce fiscal deficits over the medium term, IMF spokesperson Julie Kozack said on Thursday. Kozack told a regular news briefing that there was »»»

  Microsoft said Wednesday that it will lay off about 9,000 employees. According to CNBC, the move will affect less than 4% of its global workforce across different teams, geographies and levels of experience. Microsoft has held several rounds o ... »»»

The International Monetary Fund (IMF) has finally approved a $1.3 billion disbursement of the third and fourth tranches of Bangladesh's $4.7 billion loan program. As a result, it is set to receive a significant boost to its foreign exchange reserves, with the IMF approving the disbursement of US$1.»»»

The Carolina Hurricanes dominated the Washington Capitals in Game 3, securing a 4-0 victory and a 2-1 series lead. Frederik Andersen's shutout performance stifled the Capitals' offense, while Andrei Svechnikov, Jack Roslovic, Eric Robinson, and Jackson Blake all contributed goals for Carolina. Wash»»»

TOKYO: Japanese Prime Minister Shigeru Ishiba has said that his country seeks "fairness" in any discussions with US President Donald Trump's administration on exchange rates as bilateral trade talks grab global attention amid Washington's tariff-centric policy offensive. Ishiba, in a talk show on p»»»

WASHINGTON, March 25, 2025 (BSS/AFP) - The IMF and Argentina are in advanced talks on a new loan agreement, a Fund official said Tuesday, as President Javier Milei continues his shock therapy approach to economic reforms. "Discussions on a new Fund-supported program are advanced, and as part of our»»»