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Sri Lanka’s President flees the country after airport mishap

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Sri Lanka’s president Gotabaya Rajapaksa has fled the country, following mass protests over the island’s economic crisis

The President had been in hiding since crowds stormed his palace on Saturday.

Earlier, Gotabaya Rajapaksa was blocked from departing Sri Lanka after refusing to join a public queue at the Bandaranaike International Airport in order to have his passport checked by immigration.

His brother, the former Finance Minister, has also left the crisis-hit country.

Rajapaksa is due to formally leave office on Wednesday, after being forced to resign in the wake of months-long protests over the nation’s crippling economic crisis.

Protesters had demanded the president and his prime minister go over the island’s worsening economic crisis.

President Gotabaya Rajapaksa’s younger brother was at first prevented from leaving the country but is now said to be heading to the US.

Sri Lanka defaults

Sri Lanka has defaulted on its debt for the first time in its history.

It comes after a 30-day grace period expired on Wednesday. The nation was forced to come up with 78 million dollars of unpaid debt interest payments.

Sri Lanka is struggling with its worst financial crisis in more than 70 years.

A debt default happens when governments are unable to meet some or all of their debt payments to creditors.

It can damage a country’s reputation with investors, and makes it harder to borrow the money it needs on international markets.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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News

Apple’s iPhone 16 event puts AI back into the spotlight

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Leaders

Philadelphia prepares for the first debate between Harris & Trump

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Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending

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