Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Sri Lanka’s president will step down following massive protests

Published

on

Sri Lanka’s President Gotabaya Rajapaksa plans to step down, bowing to intense pressure after a violent day of protests in Colombo

The announcement comes amid anti-government protests over a dire economic crisis on the Indian Ocean island of 22 million people.

But unusually, there’s no immediate word from the president himself.

Speaker Mahinda Yapa Abeywardena says in a video statement that Rajapaksa had informed him that he would step down from his post this coming Wednesday.

“The decision to step down on 13 July was taken to ensure a peaceful handover of power.”

Speaker Mahinda Yapa Abeywardena

“I therefore request the public to respect the law and maintain peace,” he said.

Prime Minister Ranil Wickremesinghe is also willing to resign to make way for an all-party government.

But it’s not clear whether this will be enough to quell the anger on the streets.

The government hasn’t yet explained how the transition of power will take place either.

Presidential Office overrun

Throughout the day, soldiers and police tried by failed to hold back a crowd of chanting protesters demanding Rajapaksa’s resignation.

Police fired shots in the air but were unable to stop the crowd from surrounding the presidential residence.

Neither Rajapaksa nor Wickremesinghe were in their residences when the buildings were attacked.

A Facebook livestream showed hundreds of protesters inside the Presidential compound, some draped in the national flag.

Video footage showed some of them splashing in the swimming pool, while others sat on a four-poster bed and sofas. Some could be seen emptying out a chest of drawers in images that were widely circulated on social media.

Rajapaksa had left on Friday as a safety precaution ahead of the planned weekend demonstration, two defence ministry sources said. Reuters could not immediately confirm his whereabouts.

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.

Continue Reading

News

Curious times for AI & investing as stark reality becomes clear

Published

on

Both private funding for startups and corporate mergers and acquisitions within the sector have decreased, reflecting a shift in investor sentiment.

While some AI ventures continue to attract significant investments, experts attribute the overall downturn to challenges in scaling AI technologies and a more cautious investment climate.

Generative AI stands out as a bright spot, experiencing exponential growth in funding despite lingering skepticism among corporate executives.

Amidst this market correction, some view the shift as necessary for a more sustainable investment landscape, predicting stable growth in the coming years.

Continue Reading

News

Game on with charitable cause and fresh titles of the week

Published

on

Xbox ANZ partners with Cure Cancer in an clever collaboration, introducing three exclusive Xbox Series X consoles inspired by the pioneering cancer research of Dr. Arutha Kulasinghe from The University of Queensland.

These unique designs, reflecting Dr. Kulasinghe’s innovative tumour mapping techniques, are currently available for auction, offering gamers an opportunity to contribute to a noble cause while acquiring a prized gaming collectible.

Meanwhile, Nintendo Switch Online unveils its latest additions, including the long-awaited Wrecking Crew 98, previously exclusive to Japan, now accessible to a global audience.

In the gaming sphere, this week brings diverse experiences, from the underwater exploration and sushi entrepreneurship of “Dave the Diver” to the enchanting narrative journey of “Harold Halibut” and the thrilling action RPG “No Rest for the Wicked” by Moon Studios, promising captivating adventures across PlayStation, Xbox, and PC platforms.

 

 

Continue Reading

News

Donald Trump becomes first former U.S. president to stand trial

Published

on

Trump has denied any wrongdoing, maintaining that the payments were not campaign-related and therefore not subject to campaign finance laws.

Jury selection commenced today in the criminal trial of former President Donald Trump, focusing on allegations related to hush money payments made to women who claimed to have had affairs with him.

The trial, which has drawn significant attention, marks a pivotal moment in Trump’s post-presidential legal battles. #ticker today #featured

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2024 The Ticker Company