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IMF approves nearly $3B in bailouts for Sri Lanka

The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country’s bankrupt economy. An IMF statement said about $333 million of the funding will be disbursed immediately and the approval will also …

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Venezuelan oil czar resigns amid agency corruption investigation

Venezuela’s oil czar announced his resignation Monday as officials investigate alleged corruption among public officials in the state oil industry and other parts of the government. Tareck El Aissami announced his resignation on Twitter and pledged to help the investigation into any allegations involving Petroleos de Venezuela SA, commonly known …

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Russia’s Medvedev goes on tirade against International Criminal Court, threatens The Hague with missile strike

Dmitry Medvedev, the Deputy Chairman of Russia’s Security Council, suggested on Monday that the Kremlin could fire a hypersonic missile at the International Criminal Court (ICC) after the organization issued an arrest warrant for Russian President Vladimir Putin.  “I’m afraid, gentlemen, everyone is answerable to God and missiles,” Medvedev, a …

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EU, donors pledge $7.5B to Turkish, Syrian earthquake relief

The European Union and international donors on Monday pledged seven billion euros ($7.5 billion) to help Turkey and Syria in the aftermath of the earthquake that devastated parts of the neighboring countries last month. The European Commission said after the fundraising conference in Brussels that 6.05 billion euros of the …

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