The sinking of an Iranian ship near Sri Lanka, the first of its kind in decades, has sparked scrutiny about Washington’s tactics

   Attack on frigate off southern coast of Sri Lanka fuels fears Iran war extending beyond Middle East

   Insurers lobby Sri Lankan president to intervene after supreme court imposes significant penalty that could rise further

   Sushila Karki sworn in as Himalayan nation’s first female premier, but move raises constitutional questions

   Shift in weather patterns also sees cities such as Madrid and Hong Kong flip from wet to dry

   Indian conglomerate announces withdrawal after new government in Colombo launches review of tariff deal

   US allegations of corruption against Indian group’s executives have brought some foreign projects under scrutiny

   Conglomerate pulls out of 500mn loan deal as it wrestles with bribery allegations

   The island’s drinks are making waves way beyond its shores

   Agreement with bondholders expected to bring two-year restructuring saga to a close

   Historic result bolsters mandate for change in country reeling from aftermath of financial crisis

   Anura Kumara Dissanayake won election on promises to challenge IMF deal, cut taxes and crack down on corruption

   The new president faces an uphill struggle to deliver on his economic promises

   Anura Kumara Dissanayake pledges to heed the best advice’ after years of economic mismanagement

   Outsider rides anti-establishment wave with pledge to root out dynastic corruption while abiding by 3bn IMF bailout

   Leftist frontrunner promises crackdown on corrupt’ politicians and calls for revisiting deals with IMF and bondholders

   Agreement to restructure borrowings is significant milestone’ towards ending debt crisis, says finance minister

   Whether you long to explore Japanese temples, Brazilian lagoons or the wilds of Svalbard

   Facile hurdles undermine a good idea

   Macro-linked debt could be tied to GDP and reforms and may help attract investors back to emerging markets

   Would an official sector creditor by any other name be treated as sweetly?

   South Asia has world’s fastest economic growth but is failing to create jobs, says multilateral lender

   The Sri Lankan built his Colombo home to embrace the tropical terrain and look his country squarely in the face’

   From Madrid to Melbourne via Colombo, Copenhagen and Cartagena: 13 of the cocktail maestro’s top watering holes

   Bankrupt nation aims for restructuring soon, but private creditors say they have been left in the dark’