Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters
Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters
Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters
Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters

Bankrupt Sri Lanka seeks urgent help to feed children


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Sri Lanka issued an urgent appeal on Monday to tackle rapidly spreading malnutrition among children as its economic crisis leaves nine out of 10 people dependent on state hand-outs.

The ministry for women and child affairs said they were seeking private donations to feed perhaps several hundred thousand children suffering the effects of not having enough to eat, AFP reported..

The bankrupt state, grappling with Sri Lanka's worst economic crisis since independence, was unable to sustain welfare programmes.

"When the Covid pandemic was at its peak, the problem was bad, but now, with the economic crisis, the situation is far worse," ministry secretary Neil Bandara Hapuhinne said in Colombo.

Mr Hapuhinne said they had counted 127,000 malnourished children among the 570,000 girls and boys below the age of five in mid-2021.

Since then, he estimated that the numbers had increased several-fold with the full effect of rampant inflation and extreme shortages of food and other essentials.

He said the number of people receiving direct state hand-outs had almost doubled in the past year with more than 90 per cent of the population now relying on the government for financial help.

Hapuhinne said these included about 1.6 million government employees.

Sri Lanka's inflation was officially measured at 60.8 per cent in July, but private economists say it is well over 100 per cent and second only to Zimbabwe.

Unicef also issued an appeal for funding, saying that children in Sri Lanka were disproportionately affected by the economic crisis.

The country ran out of foreign exchange to finance even essential imports late last year and Colombo defaulted on its $51 billion foreign debt in mid-April.

Under embattled new President Ranil Wickremesinghe, the government is now in bail-out talks with the International Monetary Fund.

The country's 22 million people endure lengthy daily power cuts, long queues for fuel and shortages of staple foods and medicines in a country that once had South Asia's best social indicators.

Last month, President Gotabaya Rajapaksa fled the country and quit after thousands of protesters angry at the economic crisis stormed his official residence.

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

EA Sports FC 24
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FIXTURES

December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm

December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm

December 30
3rd/4th place play-off, 5pm
Final, 7pm

UAE currency: the story behind the money in your pockets
Brief scores:

Pakistan (1st innings) 181: Babar 71; Olivier 6-37

South Africa (1st innings) 223: Bavuma 53; Amir 4-62

Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59

Updated: August 01, 2022, 12:51 PM