By Asantha Sirimanne / Bloomberg Violence erupted in Sri Lanka on Monday evening after the brother of President Gotabaya Rajapaksa resigned as prime minister, with local reports saying protesters targeted the homes and properties of ruling-party lawmakers. The ancestral home of the Rajapaksa family in the southern district of Hambantota was set on fire, and […]
Overnight stateside, the tech-heavy Nasdaq Composite dropped more than 4% as shares on Wall Street fell. Source: Hong Kong leading losses in Asia as tech stocks drag down most markets
By Asantha Sirimanne / Bloomberg The brother of Sri Lankan President Gotabaya Rajapaksa resigned as premier on Monday as weekslong protests over Asia’s fastest inflation turned violent, prompting the government to impose a curfew and call in the army. Premier Mahinda Rajapaksa submitted his resignation to the president, his spokesman Rohan Weliwita said by phone. […]