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Sri Lanka is going through one of the worst crises of its history. Food has become scarce, prices have shot through the roof, and long power cuts have turned the lives of ordinary Sri Lankans upside down. The economic meltdown has also catapulted the country into a political crisis as the people demand answers and accountability from the government. After the recent attacks on protestors in the nation’s capital by supporters of the ruling party, the President has imposed a new state of emergency, giving security forces sweeping powers. The ferocity of the protests has already forced Prime Minister Mahinda Rajapaksa to resign, and protestors are demanding that his brother, President Gotabaya Rajapaksa, step down as well. Also Read: Time’s Up For the Rajapaksas: Will the Family Fiefdom Outlast Sri Lanka’s Economic Mayhem? The present economic crisis can be traced back to a series of bad government policies. When the Rajapaksas came to power in 2019, they made a series of tax cuts … [Read more...] about Inside Sri Lankan People’s Protest, a Political Awakening is Underway

Tesla CEO Elon Musk gave the strongest hint yet Monday that he would like to pay less for Twitter than his $44 billion offer made last month . (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.) Musk told a Miami technology conference that a viable deal at a lower price would not be out of the question, according to a report by Bloomberg News , which said it viewed a livestream video of the conference posted by a Twitter user. Also at the All In Summit, Musk estimated that at least 20% of Twitter's 229 million accounts are spam bots , percentage he said was at the low end of his assessment, according to the report. The appearance came a few hours after Musk began trolling Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than 5% of Twitter … [Read more...] about Musk hints at paying less for Twitter than his $44 billion offer

PUTRAJAYA: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today gave assurance that Malaysia is on track to meet the economic growth target of between 5.3 and 6.3 per cent this year while calling talk of a global recession "premature and unwarranted”. Speaking to the media at the ministry’s open house, he said Malaysia's economic growth would be supported by the government's expansionary fiscal policy as well as accommodative monetary policy. ALSO READ: Economy getting back in top form He noted that Malaysia would see further growth momentum in the second quarter after recording a strong first-quarter gross domestic product growth of 5.0 per cent. "However, we remain wary of potential downside. There is a potential risk (due to) the war in Ukraine, high commodity prices and global monetary policy tightening. As a result, the government will need to ensure adequate fiscal flexibility in the future to manage such a risk. "This is why we intend to gradually reduce the … [Read more...] about Tengku Zafrul: Talk of global recession premature, unwarranted