Plans for reforms in the island's public sector are backed by the Isle of Man chamber of commerce.
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Sri Lanka in first debt default in its history
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![People queue at a fuel station in Colombo, amid the country's economic crisis.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158im_/https://ichef.bbci.co.uk/news/490/cpsprodpb/FB91/production/_124810446_tv076088035.jpg)
Sri Lanka in first debt default in its history
The default comes as the country struggles with its worst financial crisis in more than 70 years.
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Russian McDonald's buyer to rebrand restaurants
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Leaky Gucci 'sun umbrella' sparks China outcry
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Ukraine war could cause global food crisis - UN
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Tycoon's ride in India's cheapest car wins internet
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Royal Mail warns it will put prices up again
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![People queue at a fuel station in Colombo, amid the country's economic crisis.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158im_/https://ichef.bbci.co.uk/news/490/cpsprodpb/FB91/production/_124810446_tv076088035.jpg)
Sri Lanka in first debt default in its history
The default comes as the country struggles with its worst financial crisis in more than 70 years.
![McDonald's](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/11FA0/production/_124823637_whatsubject.jpg)
Russian McDonald's buyer to rebrand restaurants
The fast food giant says the new owner of its 850 Russian restaurants will operate them under a new brand.
![The Adidas and Gucci parasol.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/139AD/production/_124810308_gucciandadidasumbrellacombined2.jpg)
Leaky Gucci 'sun umbrella' sparks China outcry
Chinese social media users say they are shocked the £1,329 item will not stop rain.
![A farmer works on a field near Lviv, Ukraine, 09 May 2022.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/17EC6/production/_124809979_hi075892552.jpg)
Ukraine war could cause global food crisis - UN
UN chief Antonio Guterres warns that developing countries face disaster due to rising prices.
![Chairman, Tata Sons and Tata Motors Limited Ratan Tata during the launch of Tata New Car Nano during the inaugural function of 9th Auto Expo 2008 on January 10, 2008 in New Delhi, India.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/753B/production/_124811003_gettyimages-901213022.jpg)
Tycoon's ride in India's cheapest car wins internet
When Ratan Tata recently rode in the Nano, he revived the frenzy over India's "most affordable car".
![Letters are posted into a Royal Mail post box](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/11379/production/_124812507_gettyimages-1301636978.jpg)
Royal Mail warns it will put prices up again
The company says it has to act to cover higher costs, including wages, energy and fuel expenses.
![McDonald's](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/11FA0/production/_124823637_whatsubject.jpg)
Russian McDonald's buyer to rebrand restaurants
The fast food giant says the new owner of its 850 Russian restaurants will operate them under a new brand.
![The Adidas and Gucci parasol.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/139AD/production/_124810308_gucciandadidasumbrellacombined2.jpg)
Leaky Gucci 'sun umbrella' sparks China outcry
Chinese social media users say they are shocked the £1,329 item will not stop rain.
![A farmer works on a field near Lviv, Ukraine, 09 May 2022.](https://webarchiveweb.wayback.bac-lac.canada.ca/web/20220519184158/https://ichef.bbci.co.uk/news/{width}/cpsprodpb/17EC6/production/_124809979_hi075892552.jpg)
Ukraine war could cause global food crisis - UN
UN chief Antonio Guterres warns that developing countries face disaster due to rising prices.
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