Sri Lanka's debt crisis

In the final episode of our series on the weight-loss drug boom, we explore how the global surge in demand for obesity medications could be reshaping the business landscape. From established companies rethinking their business models, to startups seeking to capitalise on shifting ...  Show more

GLP-1 weight-loss drugs such as Ozempic, Wegovy, Mounjaro and Zepbound are reshaping the treatment of obesity around the world. But even when these medicines are judged “cost-effective”, access often depends on who can afford to pay. In the second episode of our Business Daily se ...  Show more

Sri Lanka’s president just resigned after months of protest and a deepening economic crisis. Despite Rajapaksa’s departure and the celebratory scenes of demonstrators partying at the president’s home, the people of Sri Lanka have a massive debt hole to climb out of and people hav ...  Show more

IMF has approved a $3bn bailout package for the bankrupted Sri Lanka. The nation's foreign minister pledged to reconstruct its state-own enterprises and their national airline but it seems like there is still a long road ahead for the island in South Asia, after getting multiple ...  Show more

Sri Lanka is facing dire fuel and food shortages amid ongoing economic and political crises. In this week’s episode, the FT’s Antoni Slodkowski shares what he’s seen after a week of reporting in Sri Lanka. And then, emerging markets correspondent Jonathan Wheatley explains how ...

From the BBC World Service: Sri Lanka has been battling economic breakdown for nearly a year. A foreign reserve crisis toppled the country’s president and led to shortages and soaring inflation. Now a $3 billion rescue package has been agreed upon with the International Monetary ...  Show more