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Sri Lanka PM says economy 'has collapsed,' unable to buy oil

13 Sept 14:53 Key points summarised by AI

Sri Lanka's Prime Minister declared the nation's economy has "completely collapsed" due to months of severe shortages in food, fuel, and electricity.
The country faces an inability to purchase imported oil, as its petroleum corporation is $700 million in debt, making international suppliers unwilling to provide fuel even for cash.
The government's delayed response to dwindling foreign reserves has exacerbated the crisis, pushing the nation towards a potential "fall to rock bottom."
Despite temporary support from India, the situation is unsustainable, with Sri Lanka suspending $7 billion in foreign debt repayments and citizens enduring massive queues for essential goods.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.