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Tupperware Brands files for bankruptcy
Tupperware Brands files for bankruptcy
Business and Economy
by  AFP

Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. The company said Tuesday it would seek court approval to continue operating during the bankruptcy proceedings and also seek approval for a sale process for the business to protect its brand.

Cash-strapped Sri Lanka eyes China development
Cash-strapped Sri Lanka eyes China development
Business and Economy
by  AFP

Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. When the island nation plunged into chaos, CIA chief Bill Burns blamed its economic collapse on what he called "dumb bets" on Chinese-funded projects.