Category : Search result: Sri Lanka debt


Economists call for Sri Lanka debt halt after cyclone

Over 120 leading economists, including Nobel winner Joseph Stiglitz, demand immediate suspension of Sri Lanka's debt repayments following catastrophic Cyclone Ditwah, which killed 600 and destroyed thousands of homes.

Croydon gains £120m in Fair Funding review

Croydon Council is set for a £120m funding boost over three years after a historic government review. The new Fair Funding 2.0 model aims to better reflect local need, but the borough's massive debt remains a challenge. Read the full story.

Grand Slam Track owes athletes huge sums, future uncertain

World Athletics warns the Michael Johnson-backed Grand Slam Track may not return in 2026 despite bankruptcy filing. Stars like Sydney McLaughlin-Levrone are owed hundreds of thousands. Read the full financial crisis details.

Leon warns of closures after £8 million loss

Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.

Thames Water profits leap as funding crisis looms

Thames Water reports a £386m half-year profit, driven by higher bills, but warns of a potential rapid collapse into government control due to its £17bn debt crisis. Read the latest on the utility's precarious future.

OBR's Long-Term Debt Warnings Threaten UK Economy

Beyond the public feud with Chancellor Rachel Reeves, the OBR's reports reveal a perilous long-term fiscal outlook for the UK, with high debt and demographic pressures risking financial stability. Read the full analysis.

Asia Floods: 1,300+ Dead in Cyclone Disaster

Cyclones and extreme weather have killed over 1,300 people across Sri Lanka, Indonesia, and Thailand. Rescue efforts continue as hundreds remain missing. Read the latest updates.

Sri Lanka Floods: 400 Dead, International Aid Arrives

Cyclone Ditwah has killed over 400 in Sri Lanka, devastating homes. As families face the emotional and physical toll, India and Pakistan send helicopters and cargo planes to assist with rescue and recovery.

UK Women Stranded in Sri Lanka Cyclone Landslides

Two London women are stranded without food or water in Sri Lanka's tea mountains after Cyclone Ditwah-triggered landslides. Their daughter criticises the UK Foreign Office's lack of evacuation plan. Read more.

Sri Lankans Relive Devastation of Cyclone Ditwah

Residents of Sri Lanka's east coast describe the terror of Cyclone Ditwah, which killed 14 and displaced thousands. Read their harrowing stories and the ongoing recovery efforts.

Asia Floods Death Toll Passes 1,100

Devastating floods across South and Southeast Asia have killed more than 1,100 people. Sri Lanka and Indonesia deploy military as millions are affected by extreme weather.

Over 1,000 dead in catastrophic Asia floods

Rescue efforts intensify as cyclones and extreme flooding devastate Sri Lanka, Indonesia, and Thailand, with the death toll exceeding 1,000. Authorities warn of ongoing dangers.

Asia Flood Toll Nears 1,000, Militaries Deployed

Devastating flash floods and landslides across Asia have killed nearly 1,000 people. Sri Lanka and Indonesia deploy military forces for rescue and relief operations. Read the latest.

79-year-old widow chased for 2p energy debt

A 79-year-old disabled widow from Dudley was pursued for a 2p debt due to a computer error, threatening her credit rating and causing immense stress. Discover how the situation was resolved.

Sri Lanka floods kill 69, thousands evacuated

Heavy rains from Cyclone Ditwah have caused devastating floods in Sri Lanka, leaving 69 dead and forcing over 18,000 evacuations. Rescue operations continue as waters rise.

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