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India and Sri Lanka to consider land link
India and Sri Lanka to consider land link
Business and Economy
by  AFP

India and Sri Lanka agreed Friday to consider building a land link between them, they said during President Ranil Wickremesinghe's first visit to the regional powerhouse, as Chinese influence grows on his island. Wickremesinghe's two-day visit came a year after he became president following the toppling of his predecessor during an unprecedented economic crisis.

Russia hikes key rate for first time since 2022
Russia hikes key rate for first time since 2022
Business and Economy
by  AFP

The Russian Central Bank on Friday hiked its key interest rate for the first time in more than a year amid fears that a weakening ruble will drive up inflation in the country. Domestic demand trends and the depreciation of the ruble since the beginning of 2023 significantly amplify pro-inflationary risks," the central bank said in a statement.