Sri Lanka raises rates by 700 basis points to fight crisis

Sri Lankan president Gotabaya Rajapaksa. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images) Sri Lanka’s central bank raised borrowing costs by 700 basis points amid economic and political turmoil that has engulfed the nation and left President Gotabaya Rajapaksa with a minority in parliament. The Central Bank of Sri Lanka increased the standing lending facility rate […]

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It’s better to help rather than punish teen mothers

In her school uniform and sitting in a classroom with rows of wooden desks and blue plastic chairs, Otlotleng Moolikwe, 18, looks just like any other grade 12 learner.  It’s hard to imagine she’s the mother of a four-year-old boy. Moolikwe says she was 13 years old when she and her boyfriend first had sex. […]

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Economy and Business News: Live Updates

A checkpoint in Ningbo, China. A growing number of Chinese cities are requiring truck drivers to take daily Covid P.C.R. tests.Credit…Agence France-Presse — Getty Images BEIJING — China’s mounting Covid-19 restrictions are creating further disruptions to global supply chains for consumer electronics, car parts and other goods. A growing number of Chinese cities are requiring […]

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NFT-Tied Supercar Auctions : aventador coupe

Lamborghini has announced its intentions to auction its last-ever Aventador coupe model alongside a 1:1 NFT of the car. The car will be auctioned at a special event on April 19th hosted by RM Sotheby’s, an Ontario-based classic automotive auction house. The NFT itself is a 1:1 creation of the vehicle in digital form. Lamborghini […]

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