Britain's finance minister Rishi Sunak said he hoped to make the UK 'a global hub for cryptoasset technology'. — Reuters pic

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LONDON, April 4 — British finance minister Rishi Sunak said today he wanted Britain to become a global hub for cryptoasset technology, as the government announced a package of financial policies.

“It’s my ambition to make the UK a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country,” Sunak said in a statement. — Reuters

Protestors hold banners and placards during a demonstration against the surge in prices and shortage of fuel and other essential commodities in Colombo April 4, 2022. — AFP pic

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COLOMBO, April 4 — Trading was halted on Sri Lanka’s stock exchange seconds after it opened today when the blue chip index dropped 5.92 per cent following a mass cabinet resignation in the face of an economic crisis.

The S&P index fell more than the five per cent needed to trigger a circuit breaker that halts trading for half an hour, the Colombo Stock Exchange said. — AFP

Ajith Cabraal (pic) said he stepped down after every member of Sri Lanka’s cabinet, aside from President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, quit en masse late Sunday to make way for a new administration to manage the crisis. — Reuters pic

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COLOMBO, April 4 — Sri Lanka’s central bank governor, who had resisted mounting calls for the island nation to seek an IMF bailout, announced his resignation today as protests escalated over a worsening economic crisis.

Ajith Cabraal said he stepped down after every member of Sri Lanka’s cabinet, aside from President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, quit en masse late yesterday to make way for a new administration to manage the crisis. — AFP