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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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Biden’s final speech: climate threats and Gaza ceasefire

Biden warns Trump team on climate denial, pushes for Gaza ceasefire with hostages’ release and humanitarian assistance.

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Biden warns Trump team on climate denial, pushes for Gaza ceasefire with hostages’ release and humanitarian assistance.

Joe Biden has delivered his last policy speech, addressing critical issues facing the future.

In his remarks, he directly challenged officials in the incoming Trump administration who doubt the reality of climate change.

Biden stated, “They are dead wrong. It’s the single greatest existential threat to humanity.”

He said that the transition to clean energy is already underway and highlighted the competition with China for dominance in clean energy manufacturing and supply chains.

Biden asserted that the United States must succeed in this contest to shape the global economy for decades.

Biden announced he is actively pursuing a ceasefire deal in Gaza during his final days in office.

He stated that the proposed deal aims to release hostages held by Hamas and halt the ongoing fighting.

Biden indicated that this agreement would also enhance security for Israel while significantly increasing humanitarian assistance to the region.

He expressed understanding for the suffering of the Palestinian people, stating they have experienced immense hardship due to the conflict initiated by Hamas.

He stressed the urgency of closing the deal to reunite families with their loved ones taken as hostages.

Biden’s focus on these pressing matters reflects his commitment to addressing significant global challenges even as his presidency comes to a close.

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Ceasefire and hostages release deal may emerge soon

US officials optimistic about Israel-Hamas ceasefire and hostages deal; Hamas confirms close to agreement amid ongoing negotiations.

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US officials optimistic about Israel-Hamas ceasefire and hostages deal as Hamas confirms close to agreement amid ongoing negotiations.

American officials are optimistic about a possible ceasefire and hostages release deal in the Israel-Hamas war.

This optimism is the first significant sign seen in the Biden administration in months.

While caution is still being exercised until a final agreement is reached, US officials believe an announcement could be made before President Biden leaves office.

US Deputy National Security Adviser Jon Finer indicated that substantial progress has been made in negotiations.

Finer noted that there is a deal that Hamas should accept but refrained from making predictions about the outcome.

A Hamas official stated that the group is close to reaching an agreement with Israel.

Israeli Foreign Minister Gideon Saar confirmed some progress in the ongoing negotiations in Doha.

Saar stated that Israel is focused on securing a hostage deal and is collaborating with the United States to achieve this goal.

He mentioned that it will soon become clear if Hamas shares the same intention.

However, several issues remain unresolved, according to the Hamas official.

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Microsoft and Amazon under scrutiny for AI investments

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Microsoft and Amazon are facing increased scrutiny over their investments in artificial intelligence firm Anthropic. Concerns are mounting about the growing influence of big tech companies in the AI sector, with critics warning these moves could stifle competition and innovation.

In response, both companies have defended their roles, emphasising the potential benefits of their AI advancements and their commitment to driving progress in the field.

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