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And why trouble is brewing in sri lankas world famous tea industry as prices fall and costs rise. Its 1am here in london, 9am in the morning in singapore and 8pm in the evening in washington, where the stage is now set for the senate trial of donald trump, only the third us president ever to face impeachment. House Speaker Nancy Pelosi has signed the resolution finalising the articles of impeachment. Democrats are accusing mr trump of abusing his power and obstructing congress. Earlier, mrs pelosi named seven democratic lawmakers who will be the impeachment managers. She said the significance ...

Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..

Sri Lanka's tea producers condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive.

The $1.3 billion industry produces popular Ceylon Tea and employs about 615,000 workers. The island annually exports about 95% of the 250 million kilos of tea it produces

Sri Lanka's tea producers on Monday condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce dollar earnings essential for the island... -May 27, 2024 at 08:59 am EDT - MarketScreener