Debt restructuring with bondholders hits a snag with disagreement on two areas

Tesla, opens new tab is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).

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The Court of Appeal has ordered the suspension of the previous allocation of quotas for Haj pilgrims for 2024 and to include an aggrieved travel agent for proper allocation.

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Experienced Australia all-rounder Glenn Maxwell has revealed he asked to sit out a recent Indian Premier League (IPL) match to give himself a ’mental and physical break’ ahead of June’s ICC Men’s T20 World Cup.

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Marking a landmark initiative aimed at fostering cross-party cooperation, NextGenSL, a platform dedicated to empowering young leaders from the main political camps, convened representatives from 15 political parties for a two-day consultation session.

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Stressing that it is time to forget party politics, the United National Party (UNP) today invited all political parties to join hands to create a stable nation.

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The service of the driver of the train that crashed on to the railway platform at the Colombo Fort railway station has been suspended, Railways Deputy General Manager N.J. Indipolage said.

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A French national who confronted a knife-wielding attacker during a rampage in a mall in the Sydney suburb of Bondi is welcome to stay in Australia for as long as he wants, Prime Minister Anthony Albanese said on Tuesday.

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The Sri Lanka Foreign Employement Agency (SLFEA) has announced 200 vacancies in the Singapore auxilary police for Sri Lankans.

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Despite an abundance of eggs and chicken in the country, prices have surged due to the inadequate supply to meet the demand, All Island Poultry Association (AIPA) President Ajith Gunasekara said.

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An affluent Jain couple from Gujarat, India has donated nearly ₹ 200 crore and adopted monkhood, and now plans to set out on a journey for salvation.

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Sri Lanka cannot be pushed and bumped into a global conflict and therefore it should be diligent in its dealings with various nations, a Samagi Jana Balawegaya (SJB) MP said today.

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Sri Lanka commenced the International Monetary Fund and the World Bank Group (IMF/WBG) Spring meeting with a very productive bilateral discussion with Kenji Okamura, Deputy Managjng Director of the IMF, State Minister of Finance Shehan Semasinghe said.

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The Agriculture Department is set to provide urgent recommendations for the cultivating one of the world’s most popular pineapple varieties, MD 2 or Super Sweet Pineapple (Ananas comosus) in Sri Lanka.

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Iranian President Ebrahim Raisi is scheduled to visit Sri Lanka in May where he is expected to inaugurate the Uma Oya Multipurpose project, Iranian media reported.

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The FBI has opened a federal criminal investigation into the deadly collapse of a Baltimore bridge last month when a ship crashed into one of its supports, the bureau said on Monday.

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Amidst reports that some ex-military men from Sri Lanka have joined the Russian military operations against Ukraine, Sri Lankan Ambassador in Moscow Prof. Janita Liyanage said she asked for details about them from the Russian military if any.

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The Railways Department said that 11 scheduled trains have been cancelled today due to locomotive operators and railway guards failing to report for duty.

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The effectiveness of the legal system in handling investment-related matters in Sri Lanka is often questioned due to perceived corruption and inefficiency, an official said.

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The official vehicle of Primary Industries State Minister Chamara Sampath Dassanayake caught fire this morning in the Halpe area, as reported by the Ella police.

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A group of MPs from both the ruling party and the opposition have urged the speaker and government officials to provide vehicle permits at lower prices if the previously issued duty-free licenses cannot be granted before the upcoming presidential election.

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Sri Lanka’s celebrity chocolatier, chef and agriculture enthusiast Gerard Mendis faces an uphill battle in his bid to take single-origin Sri Lankan chocolates global. This is primarily due to the shortage of cocoa beans and absence of active cooperation of authorities.

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The Central Bank has purchased the most amount of dollars for a single month in March, a sign that the country is currently in a very comfortable position in its foreign currency liquidity, after two years into the worst currency crisis in the country.

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The Asian Development Bank (ADB) stressed that for Sri Lanka, the near-term priority during economic recovery is to lay institutional and structural frameworks for an inclusive social protection system.

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Claiming that only vehicle imports have been restricted by now, State Minister of Finance Ranjith Siyambalapitiya said today that a committee is studying the possibility of permitting vehicle imports on a priority basis in the future.

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The government of India has lifted the export restrictions on onions to Sri Lanka, with export of up to 10,000 MT of onions permitted vide the enclosed notification of the Directorate General of Foreign Trade.

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Despite assurances from transport authorities that sufficient facilities would be provided to accommodate commuters during the festive season, people were highly inconvenienced due to inadequate public transport, resulting in them risking their lives.

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A train crashed onto the railway platform at the Colombo Fort railway station today after failing to stop it at the designated place.

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A woman who was bathing in the Victoria Reservoir at Kumbukkadura in Theldeniya drowned and her husband is missing, police said.

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Health authorities have noticed a significant decrease in accidents, notably firecracker-related incidents, during the festive season.

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A 62-year-old woman who was receiving treatment at the Jaffna Hospital died of Covid-19, hospital sources said.

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Australian police are examining why a lone assailant who stabbed six people to death in a busy Sydney shopping mall and injured more than a dozen others targeted women while avoiding men, a police commissioner said on Monday.

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UN Secretary-General Antonio Guterres has called for maximum restraint after Iran’s retaliatory attacks on Israel over the latter’s deadly assault on the Iranian consulate in Syria.

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At least ten people were killed in eight road accidents within the past 24 hours in differenet parts of the country, Police said.

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Landslides on Indonesia’s Sulawesi island on the weekend killed at least 18 people with rescue efforts, including police sniffer dogs, still ongoing for two missing people, local authorities said on Monday.

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During the traditional oil anointing ritual after the Sinhala and Tamil New Year dawn, a blessing is recited that invokes a series of seemingly impossible transformations to grant longevity to the anointed.

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Mumbai Indians skipper Hardik Pandya attributed his team’s 20-run defeat in Match 29 of the Indian Premier League (IPL) at the Wankhede Stadium to Chennai Super Kings’ Impact Substitute, Sri Lankan pacer Matheesha Pathirana.

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