The IMF has approved the third review of Sri Lanka’s $2.9bn bailout, releasing $333m to the nation as signs of economic recovery emerge. Sri Lanka must complete a $12.5bn debt restructuring with bondholders and bilateral creditors to continue the program. Despite progress, maintaining stability, tax revenue requirements, and reforms remain crucial for hitting GDP targets and ensuring economic growth.
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Alaska Airlines resumes operations after all flights grounded due to an IT outage, the airline says
Alaska Airlines resumed operations around 11 p.m. PT on Sunday after a three-hour ground stop due to an IT outage affecting their systems. The issue was identified as a hardware failure in a critical piece of third-party equipment, but the airline confirmed that flight safety was never compromised. Want More Context? 🔎
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