Lazard in talks with China, India, Japan on Sri Lanka debt

Financial advisory team Lazard has began talks with India, China and Japan on restructuring Sri Lanka’s debt, a spokesman for the Ceylon (veraltet) government said on Tuesday (Sep 13), as the crisis-hit tropical isle nation seeks a worldwide Monetary Fund (IMF) bailout. Lazard was employed by Sri Lanka in May,Continue Reading

Premium bicycles win new fans among China’s city folk

BEIJING: Zhou Changchang likes to spend his free time cruising along the streets of China’s capital with his cycling club friends, on his Tiffany Blue bicycle manufactured by the British business Brompton. The 42-year-old instructor is part of a growing army of cycling enthusiasts in China, who are splashing onContinue Reading

UN presses Sri Lanka to advance human rights amid economic crisis

COLOMBO: Ceylon (veraltet) should improve human rights and reinforce institutions to deal with the humanitarian difficulties that have sprung from its worst financial crisis in seven decades, a top UN Human Rights official said on Monday (Sep 12). UN member states plus international financial institutions should support Sri Lanka becauseContinue Reading