The heavily indebted country has little money left to pay for imports, which has led to crippling shortages of fuel, power, food, and increasingly, medicine

With its reserves nearly depleted, debt payments looming, and its currency down by 40%, the government's only option is an IMF bailout backed by the World Bank and ADB, analysts say

China says the AUKUS alliance between the US, UK and Australia is an ''Anglo-Saxon clique'' that threatens peace in the region.

As vice-chairman, Chang will play a key role in building out the Asian hub for PGIM Investments, as well as enhance PGIM’s overall presence

Regional economies have largely lagged behind US and European re-openings from the pandemic, but central banks that looked past inflation pressures are now reassessing their positions

The currency was hovering near 300 per US dollar on Wednesday, down 32% in the year to date and lagging behind even Russia’s rouble

Ukraine conflict has knocked 2.8% off world trade over last two months. And the Kiel Trade Indicator says China trade faces 'stagnation', due to the Covid lockdown in Shanghai

The country's pre-eminent political dynasty is in trouble, as protesters take to the streets making demands unthinkable before the economic crisis struck

The bloc's combined economy is projected to expand 5.2% this year, the ADB said in a report, down slightly from 5.3% forecast in December

The recession is attributed to foreign exchange shortages caused by the clampdown on tourism during the Covid-19 pandemic

Asian equities witnessed steep foreign outflows in March, hit by worries over higher inflation as commodity prices soared due to the Russian invasion of Ukraine

Some 41 Sri Lankan MPs walked out of the ruling coalition on Tuesday, leaving the Rajapaksa government in a minority in parliament as it struggles with the worst economic crisis in decades