Connect with us
Wednesday,22-January-2025
Breaking News

International News

Sri Lanka’s petrol stocks about to run dry: Minister

Published

on

Sri Lankan Energy Minister Kanchana Wijesekera has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years.

On Sunday, Wijesekera told reporters that the country had 12,774 tonnes of diesel and 4,061 tonnes of petrol left in its reserves, reports the BBC.

“The next petrol shipment is expected between the 22nd and 23rd (of July),” he added.

A shipment of diesel is expected to arrive at the weekend, however Wijesekera warned that the country does not have enough money to pay for planned fuel and crude oil imports.

He said Sri Lanka’s central bank could only supply $125 million for fuel purchases, far less than the $587 million needed for its scheduled shipments.

Wijesekera added that the country owed $800 million to seven suppliers for purchases it made earlier this year.

The latest warning comes after Sri Lanka suspended sales of petrol and diesel for non-essential vehicles last week as it struggles to pay for imports like fuel, food and medicines, the BBC reported.

Experts believe it is the first country to take the drastic step of halting sales of petrol to ordinary people since the 1970s oil crisis, when fuel was rationed in the US and Europe.

The island nation of 22 million people is facing its worst economic crisis since gaining independence from the UK in 1948 as it lacks enough foreign currency to pay for imports of essential goods.

Acute shortages of fuel, food and medicines have helped to push up the cost of living to record highs in the country, where many people rely on motor vehicles for their livelihoods.

Also last week, an International Monetary Fund team concluded a fresh round of talks with Sri Lanka over a $3 billion bailout deal.

While no agreement has been reached yet, the team said in a statement that it had made “significant progress on defining a macroeconomic and structural policy package”.

The cash-strapped country has also sent officials to the major energy producers Russia and Qatar in an attempt to secure cheap oil supplies.

International News

Unlike 2017, top stars, tech tycoons and politicians line up for Donald Trump’s historic inauguration

Published

on

Washington, Jan 20: As millions all over the world anxiously wait for Donald Trump’s second inaugural address late Monday evening, India time, after he is sworn into office for another presidential term, several foreign leaders, tech billionaires and top celebrities have started arriving in the US capital to attend the ceremony that will take place inside the Capitol Rotunda.

As people queue up for the ceremony, Politico revealed that seven Democrats, who had boycotted Trump’s first inauguration in 2017, are also going this time.

Breaking tradition, several foreign leaders will also be attending the high-profile ceremony.

“Prime Minister Giorgia Meloni will attend the inauguration ceremony of US President-elect Donald Trump,” stated the Italian Government Presidency of the Council of Ministers.

Argentina’s President Javier Milei, who has already addressed a couple of events – including at the Milken Centre in Washington DC on Sunday – has called the inauguration of President Trump as a milestone event in “global crusade for freedom” and the “clearest evidence that a new era has begun”.

Ecuador’s President Daniel Noboa, El Salvador President Nayib Bukele, former Polish Prime Minister Mateusz Morawieck have also been invited.

Hungarian Prime Minister Viktor Orban, who may not be able to make it for the inauguration stated over the weekend that “everything will change” after Trump takes office.

“A different day will dawn over the Western world; four bitter, difficult, painful years, punctuated by failures, will come to an end: democratic governance,” Orban said on Friday in a radio programme.

External Affairs Minister (EAM) S. Jaishankar will be representing India at the swearing-in ceremony and will also have meetings with representatives of the incoming administration, as also some other dignitaries visiting the US on the occasion.

According to the New York Times, Elon Musk, Mark Zuckerberg and Jeff Bezos, three of the world’s wealthiest men, are expected to be among the major tech executives who would sit in a “position of honour on the dais” at Trump’s inauguration, possibly along with Apple Chief Executive Tim Cook.

Regular attendees would include President Joe Biden and Jill Biden, former President Bill Clinton and Hillary Clinton, former President George W Bush and Laura Bush, and former President Barack Obama.

While Team Trump had struggled to invite big celebs and performers in 2017, top stars are slated to perform at the inauguration ball this time.

It includes Grammy-winner Nelly, Lee Greenwood, Kid Rock, Billy Ray Cyrus, Christopher Macchio and many more big names.

Continue Reading

International News

First 3 hostages arrive in Israel under Gaza truce deal

Published

on

Jerusalem/Gaza, Jan 20: Three Israeli women, released from Hamas captivity in Gaza, arrived in Israel, the first day that a ceasefire agreement between Israel and Hamas took effect, according to Israeli officials.

The three — Emily Damari, 28, a British-Israeli; Doron Steinbrecher, 30, a veterinary nurse; and Romi Gonen, 23, abducted from the Nova music festival — were finally released on Sunday after 471 days in captivity.

They are the first of 33 Israeli hostages expected to be released.

Under the three-phase pact, Sunday marked the beginning of six weeks of calm, ending more than 15 months of intensive Israeli strikes that left Gaza in ruins and killed more than 46,900 Palestinians, according to an update from Gaza’s health authorities.

In a gradual release, Hamas will free every week about three to four hostages. In return, Israel will release hundreds of Palestinian detainees held in Israeli jails. The first 90, mostly women and children from the occupied West Bank and East Jerusalem, were released later on Sunday.

Hamas handed over the three female hostages to Israeli forces through the Red Cross in Gaza, the Israeli military said, adding that “a short while ago, accompanied by Israel Defense Forces (IDF) and Shin Bet forces, the released hostages crossed the border into Israeli territory”.

The three were taken to a reception point in southern Israel near the Gaza border, where they underwent an initial medical assessment and met their mothers, according to the military.

Israeli Prime Minister Benjamin Netanyahu said in a televised statement that the three “went through hell”.

“This is a great moment, an exciting moment,” he added. In an address to reporters, IDF Spokesman Daniel Hagari said, “Today, we salute and embrace them (three hostages) and their families as they reunite after so long.”

He added that Israeli forces have redeployed to the outskirts of Gaza and are “prepared for defence and offence” if Hamas violates the agreement.

Abu Ubaida, spokesperson for Al-Qassam Brigades, the military wing of Hamas, said on Sunday that Al-Qassam and other Palestinian factions are committed to the ceasefire deal.

“We, along with other resistance factions, declare our full commitment to the ceasefire agreement, but this remains contingent on the enemy’s adherence,” Ubaida emphasised in a television statement.

He said the October 7 “Operation Al-Aqsa Flood” against Israel, was a “turning point” in the history of conflicts with Israel, explaining that the resistance inflicted significant losses on the Israeli army, including the destruction of around 2,000 military vehicles and heavy casualties among soldiers.

“We have shattered the Israeli deterrence theory and forced the occupation to open multiple fronts,” he added.

Describing Gaza residents as “the pride of the nation and the symbol of its dignity,” Ubaida urged continued support for the resistance and steadfastness of the Palestinian people.

The ceasefire deal was implemented to end the fighting between Israel and Hamas that was triggered by Hamas’ cross-border assault on October 7, 2023, which resulted in the killing of 1,200 people in Israel and the kidnapping of about 250 others.

Continue Reading

International News

UAE, Egyptian presidents hold talks on ties, regional issues

Published

on

Abu Dhabi, Jan 17: President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan and his Egyptian counterpart, Abdel-Fattah al-Sisi, held discussions on bilateral relations and pressing regional issues.

The talks, which took place during Sisi’s working visit to the UAE on Thursday, focused on expanding bilateral cooperation across development, economic, and investment sectors, aiming to align with the two nations’ shared aspirations for progress and prosperity.

On regional issues, the two leaders welcomed the announcement of a ceasefire in the Gaza Strip.

They emphasised the importance of ensuring adequate humanitarian aid reaches the enclave.

During the meeting, His Highness Sheikh Mohamed bin Zayed and President El-Sisi also reviewed a number of regional and international issues of mutual concern, exchanging views on key developments, particularly in the Middle East.

Both leaders reaffirmed the need for continued efforts to implement the two-state solution, recognising it as the pathway to achieving lasting and comprehensive peace and stability in the region.

During the talks, Mohamed commended Egypt’s role in supporting the Palestinian people and brokering the Gaza ceasefire agreement.The ceasefire agreement was brokered through weeks of negotiations in Doha by Qatar, Egypt, and the US.The initial release prioritises women, children, elderly individuals, and those who are ill or injured.

The two leaders also lauded the election of Joseph Aoun as the president of Lebanon, expressing optimism that Aoun would lead Lebanon to stability.

On the developments in Syria, both presidents reaffirmed their shared commitment to the country’s unity, stability, and sovereignty, calling for an inclusive political process that engages all sectors of Syrian society.

Continue Reading

Trending