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Sri Lanka is the first domino to fall in the face of a global debt crisis

The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the lastThe departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. Ther…

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Closer inspection of UK jobs market reveals economic scars of Covid | Larry Elliott

While the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troublingAt first glance, the UK jobs market is in rude health. The unemployment rate is back to where it was before the Covid …

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The Taliban are not the only threat to Afghanistan. Aid cuts could undo 20 years of progress

The most vulnerable people will bear the cost of sanctions, as services and the economy collapseWatching Afghanistan’s unfolding trauma, I’ve thought a lot about Mumtaz Ahmed, a young teacher I met a few years ago. Her family fled Kabul during Taliban …

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US deaths pass 3,000 as World Bank warns Covid-19 will drive east Asia into poverty

China reports week without new cases in Wuhan as US death toll continues to climbCoronavirus – latest updatesSee all our coronavirus coverageThe United States has recorded its deadliest day in the coronavirus pandemic, with another 540 deaths taking it…

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