Sri Lanka has defaulted on its international debt obligations, after the government confirmed it had not been able to make some $87 million in interest payments. It further deepens the country's economic crisis, which has sparked mass protests and left the country struggling with fuel shortages. Also in the show: G7 ministers discuss further financial aid for Ukraine, and FRANCE 24's Yuka Royer reports from the ChangeNow climate summit in Paris.
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Sri Lanka to default on debt, no money for fuel, minister says
Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel.