Sri Lanka: IMF approves $3bn bailout

The IMF has given Sri Lanka a bailout of $3 billion (£2.4 billion). This is because Sri Lanka is going through its worst economic crisis since it became

US inflation slows down fuel prices

In the US, prices like gas, used cars, medical care, and flights are decreasing, slowing inflation and the rate at which prices go up. Figures from the US

Founder of Ozy Media has been arrested

The founder of the US media start-up Ozy Media, involved in many scandals, has been arrested on federal fraud charges. A few days before Carlos Watson was arrested,

Penguin: Publisher’s boss steps down

The head of Penguin Random House quit because the US blocked the company’s plan to buy rival Simon & Schuster for $2.2 billion. The company said that Markus

China commits industrial espionage

China has been accused of sponsoring an industrial espionage against the United states. Zheng Xiaoqing, who used to work for General Electric Power, was fired because of a

Pakistan looks to IMF for bailout

Pakistan is seeking assistance from the International Monetary Fund (IMF) in a last-ditch effort to halt an economic crisis that is worsening and has nearly depleted the country’s

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