Sri Lanka suspends fuel sales for two weeks as economic crisis worsens | Sri Lanka

Sri Lanka suspends fuel sales for two weeks as economic crisis worsens | Sri Lanka

Cash-strapped Sri Lanka has announced a two-week halt to all fuel sales except for essential services and called for a partial shutdown as its unprecedented economic crisis deepened. The south Asian nation is facing its worst economic meltdown since gaining independence from Britain in 1948, and has been unable to finance even the imports of

Americans Boosted Spending, Adding Fuel to Economic Growth

Americans Boosted Spending, Adding Fuel to Economic Growth

Americans continue to venture back out into public to buy services they went without for more than a year—a shift that is adding fuel to the economic recovery and stirring higher inflation. Consumer spending, the biggest source of economic demand in the U.S., rose 0.5% last month after surging in March, the Commerce Department said