VIDEO: Is capitalism actually broken?

People have become increasingly worried that the threats we face today, like climate change and rising inequality, can’t be solved by a capitalist economic system. So, is that true? And if it is, can we fix capitalism or do we need to tear the system down and build a new one from scratch?Explore the different […]

VIDEO: Japanese yen touches 32-year low against USD

The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster than expected in America. The yen fell to 147.66 against the US dollar before regaining some ground. In a rare move last month, Japan spent almost $20bn (£17.6bn) to prop up the country’s struggling currency. […]

VIDEO: What is the Paris Club?

The Paris Club, comprising 22 wealthy countries, provides a platform for governments facing financial difficulties to reduce and renegotiate their debt repayments. Formed in 1956, it has signed more than 400 agreements to date, worth more than half a trillion dollars to about 100 countries. As public debt soars in the wake of the pandemic, […]

Sri Lanka President steps down officially

Sri Lanka’s Parliamentary Speaker Mahinda Yapa Abeywardena said President Gotabaya Rajapaksa has officially stepped down from his post. He made the announcement speaking to reporters from his official residence, earlier on Friday. Abeywardena said as per Article 38 (1) of the constitution he received the letter of resignation of President Gotabaya Rajapaksa , on Friday […]

VIDEO: Crisis-hit Sri Lanka seeking discounted oil from Russia, Qatar

Sri Lanka’s Energy Minister has said the country will send delegations to Russia and Qatar to try and secure cheap oil. It’s not immediately clear how far the government can stretch its fuel reserves, which are likely to run out in a day. Meanwhile, the government has extended the closure of schools and non-essential services […]

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