Sri Lanka’s President flees the country after airport mishap

Published

2 years ago

July 13, 2022

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.

Will the U.S. approve MDMA therapy?

Published

8 hours ago

May 15, 2024

ticker NEWS

MDMA is a drug commonly known as molly or ecstasy.

Some medical professionals say it can be helpful for people with post-traumatic stress disorder — which is why a group has been fighting to get MDMA legalized as a prescription drug.

Currently, the U.S. Food and Drug Administration is reviewing an application to use MDMA to treat PTSD. The agency is expected to announce its ruling as soon as August.

Anna Silman, a features correspondent with Business Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #drugs #MDMA #MDMATherapy #business #pharmaceutical

Apple responds to crushing iPad Pro criticism

Published

20 hours ago

May 14, 2024

Nathan Langridge

Apple issued an apology following backlash over a recent advertisement for the latest iPad Pro.

On this episode of Ahron & Mike Live – Painted Panda dogs confuse zoo goers, luxury Police cars cruise the roads, Siri meets up with ChatGpt and Apple’s “Crush” iPad ad faces overwhelming backlash.

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Money

Why the meme-stock frenzy is unlikely to repeat

Published

20 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending