Latest News
Janet Yellen warns US could run out of cash by 1 June

BBC reported that US Treasury Secretary Janet Yellen has warned that the US may run out of cash by 1 June if Congress fails to raise or suspend the debt ceiling.
Reaching the debt ceiling would mean that the government is unable to borrow any more money. The debt ceiling has been raised, extended or revised 78 times since 1960.
On Monday, Yellen urged Congress to act “as soon as possible” to address the $31.4tr (£25.12tr) limit. President Biden has called a meeting of congressional leaders on the issue on 9 May.
A default – which would be the first in US history – could upend global financial markets and shatter trust in the US.
In a letter to members of Congress on Tuesday, Yellen said that “We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.”
Ms Yellen added that it is impossible to know for sure when exactly the US will run out of cash.
Latest News
Kipyegon breaks world 1500m record with 3:49.11 in Florence

Kenya’s Faith Kipyegon captured the world record she had been hunting, winning the women’s 1500m in a stunning 3:49.11* at the Golden Gala, the third Wanda Diamond League meeting of the season, in Florence on Friday (2).
The two-time Olympic and two-time world champion was already the second-fastest women’s 1500m runner of all time thanks to the 3:50.37 she clocked in Monaco in August, when she missed the world record of 3:50.07 set by Ethiopia’s Genzebe Dibaba in 2015 by just 0.3.
This time, Kipyegon blew the mark apart, becoming the first woman to break 3:50 in the discipline and taking almost a second off the previous record.
Kipyegon had been open about her world record ambition in 2023. “The record is in my heart and on my mind and I hope this will be a perfect year for me,” she said on the eve of the Golden Gala.
She has started it in sensational style.
On Friday evening Kipyegon followed the pacemakers Brooke Feldmeier and Sage Hurta-Klecker through 400m in 1:02.37 and Hurta-Klecker was right on schedule through 800m in 2:04.00, with Kipyegon on her shoulder.
As Hurta-Klecker moved to the side, Kipyegon forged on and reached 1200m in 3:05.28. In a race of her own, she pushed again and was roared over the finish line, past a clock showing 3:49.11. She raised her hands to her face and then dropped to the track in delight.
Behind her, Britain’s Laura Muir finished second in 3:57.09, while Australia’s Jessica Hull was third in an area record of 3:57.29, and the field came together after the race to celebrate with Kipyegon.
(World Athletics)
Foreign News
233 killed, around 900 injured in Odisha triple train crash

At least 233 people have been killed and about 900 injured after two passenger trains collided in the eastern Indian state of Odisha – the country’s deadliest rail accident in more than a decade.
The Coromandel Express, which runs from Kolkata to Chennai, collided with another passenger train, the Howrah Superfast Express, about 7pm local time, railway officials said on Friday.
The Howrah Superfast Express derailed and crashed into the Coromandel Express, South Eastern Railway authorities said. Media reports had earlier said the crash was between the Coromandel Express and a goods train.
(PTI)
Latest News
Climate Change University to be launched next year

At the briefing on the progress of Climate Change and Green Growth held on Wednesday (31) at the Presidential Secretariat in Colombo between President Ranil Wickremesinghe and officials of the Climate Change Secretariat led by President’s Adviser on Climate Change Ruwan Wijewardene it was revealed that the Climate Change University would be launched next year and that the University Grants Commission had identified approximately 130 scientists who have gained international recognition for their research on climate change who, together with their international affiliations would be brought together as part of the initiative.
President Wickremesinghe expressing his perspective on the International Climate Change University, emphasized that it should be a post-graduate institution solely focused on research which does not offer undergraduate courses. Any country or organization that contributes to the university becomes a stakeholder and gains membership on the Board of Governance. The Korean Exim Bank has expressed interest in partnering with the university and negotiations between Sri Lanka and the Korea Exim Bank, led by the External Resource Department have concluded successfully. The President said that prestigious institutions like Harvard and MIT have also expressed interest in collaboration.
The discussions also revolved around inviting a group of international experts from the Bill and Melinda Gates Foundation, tentatively scheduled for July/August to engage in policy conversations, addressing global issues, and exploring potential research projects that could be derived from these policy dialogues.
President Wickremesinghe emphasized that all future research in the field of climate change should be conducted at this institution.
-
Features6 days ago
An autobigraphy of a remarkable self-made billionaire
-
News4 days ago
Police looking for security guard of Sirisena’s brother
-
Features6 days ago
Where are Sri Lanka’s economists?
-
Latest News4 days ago
Jadeja’s nerveless hitting gifts Chennai Super Kings fifth IPL title
-
Features5 days ago
Human Rights and War Crimes : Sri Lanka’s ignorance matches that of US
-
News6 days ago
Lankan hospitality professional grabs top US luxury hotel job
-
News5 days ago
Sri Lankans living abroad can apply for a new passport or renew their passport online from 01 June
-
Features4 days ago
Sri Lanka’s ignorance matches that of US – II