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IMF asks Sri Lanka to protect hard-won gains

COLOMBO: Sri Lanka’s painful austerity measures were “bearing fruit” and must be sustained, the International Monetary Fund said on Friday (Oct 4) as the country’s new president sought changes to its US$2.9 billion bailout. Leftist leader Anura Kumara Dissanayake won last…

The Body Shop rescued from administration after deal

LONDON: Growth capital firm Aurea on Saturday (Sep 7) announced the completion of its acquisition of UK-based cosmetics group The Body Shop, renowned for ethical hair and skin products. The 50-year-old business entered administration in February, which led to FRP Advisory being brought in…

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