The IMF Executive Board approved Bangladesh’s request for SDR 2.5 billion (about US$3.3 billion) under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. This approval enables the immediate disbursement of SDR 352.35 million (about US$476 million). The IMF E...

Colombo (News 1st) - The death toll from a suspected suicide bombing inside a mosque in the northwestern Pakistani city of Peshawar on Monday rose to at least 100 people with 225 wounded, foreign media reported. The explosion took place during prayers at the mosque which is located inside a police ...

Colombo (News 1st) - A bomb blast inside a mosque in the northwestern Pakistani city of Peshawar has killed at least 25 and wounded over 140, foreign media reported. The explosion took place during prayers. Part of the mosque collapsed and victims remain buried in the rubble. Many victims were poli...

Colombo (News 1st) - British Prime Minister Rishi Sunak fired the Conservative Party chair Nadhim Zahawi from the government on Sunday (29), after an investigation into his tax affairs found a serious breach of the ministerial code. Sunak had ordered an independent adviser to investigate questions ...

The Washington Post - Indian billionaire Gautam Adani, who last year briefly catapulted into becoming the world’s second richest person, has had a tough week. On Tuesday, he was accused of fraud and market manipulation by U.S.-based short sellers at Hindenburg Research, leading to the companie...