Sri Lanka’s crisis cripples once burgeoning middle class

Sri Lanka’s crisis cripples once burgeoning middle class

COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he’d need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has recast his life and those of many others in its burgeoning middle class. Families that never had to think twice about … Read more

India shows no sign of slowing its purchase of Russian oil

India shows no sign of slowing its purchase of Russian oil

New Delhi CNN Business — India’s appetite for cheap Russian oil is swelling, even as the West continue to hit Moscow with unprecedented sanctions. Russian Crude flows to India are expected to reach 3.36 million metric tons in May, according to estimates from Refinitiv. This is nearly 9 times higher than the 2021 monthly average … Read more