Briefing 09-07-2022

Investors fret as gloom grips stocks

The stock market passed a gloomy week to Thursday, the last week before Eid-ul-Azha, as investors stayed on the sidelines, worried about a potential economic slowdown. The week saw five trading days as usual with three sessions falling marginally while two other sessions posted modest gain on bargain hunting. Page 9

G-20 fails on unity over Ukraine

Deeply divided top diplomats from the world's richest and largest developing nations opened talks Friday with an appeal from the Indonesian host for an end to Russia's war in Ukraine. As the foreign ministers from the Group of 20 confront multiple crises, including the lingering effects of the coronavirus pandemic, all are overshadowed by the war in Ukraine and its ripple effects, Indonesian Foreign Minister Retno Marsudi told the opening session. Page 14

WI sweep T20 series against Tigers

West Indies beat Bangladesh by five wickets in the third and final T20 of the three-match series on Thursday night. With this win, the hosts won the series 2-0 after the first match was washed out due to heavy rains. Page 13

SL central bank raises key rates

Sri Lanka's Central Bank has raised its key interest rates to their highest levels in more than 20 years to try to contain inflation that has added to the country's economic woes. Page 16