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Sri Lanka president reaches Singapore after fleeing protests

Bloomberg Sri Lankan President Gotabaya Rajapaksa arrived in Singapore Thursday after fleeing months of anti-government protests that forced him to pledge to resign. Rajapaksa flew to Singapore’s Changi Airport from the Maldives, where he had made a brief stop after leaving Sri Lanka Wednesday aboard a military aircraft. The island nation’s Security Council agreed to his request for safe passage ...

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Ukraine, Russia grain talks progress

Bloomberg Negotiations over unblocking millions of tons of Ukraine’s grain exports were constructive, according to Ukraine, the United Nations, Turkey and Russia, an initial step in bolstering global food supplies and aiding the country’s beleaguered farm sector. The talks were held in Turkey with representatives from the countries and the UN. The sides — who agreed on the “main technical ...

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EU slashes GDP forecast for euro area, sees 7.6% inflation

Bloomberg The euro area’s rebound from the pandemic will be weaker than anticipated while inflation will be faster because of Russia’s war in Ukraine, according to draft projections by the European Commission. With surging prices crimping demand and the danger of winter energy shortages draining confidence, gross domestic product is likely to advance 2.6% this year and 1.4% in 2023 ...

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