The US Federal Reserve will decided on whether to raise interest rate as they struggle to stabilise prices due to the rising cost of living. The collapse of two regional banks this months has highlighted their risks. Ukraine has reached an agreement with the International Monetary Fund to secure more than 15 billion dollars worth of loans to help support the country's economy. In Somalia as Ramadan begins, Muslims who usually break a dawn-to-dusk fast with lavish family meals, are now stressed to secure even the most basic diets due to rising food costs.

Russia is looking to sign an agreement with China to build a new pipeline through Siberia. Moscow put forward the idea many years ago, but it has gained urgency as it turns to China to replace Europe as its main gas customer. Google is rolling out it’s AI Chat Bard. It can access up-to-date information from the internet and has a "Google it" button which accesses search. Ramadan, the month of fasting for Muslims is about to get underway. Dates are one fruit that is much sought after to break the fast and we hear from an Egyptian company that exports the fruit across the world. Presenter Roger Hearing brings you up to date with the main global business stories.

IMF has approved a $3bn bailout package for the bankrupted Sri Lanka. The nation's foreign minister pledged to reconstruct its state-own enterprises and their national airline but it seems like there is still a long road ahead for the island in South Asia, after getting multiple blows by the pandemic, increasing energy prices, tax cuts and the skyrocketed inflation. BBC’s lead presenter Ed Butler joins Will Bain from Columbo, the nation's capital, to find out what is coming next for some 22 million Sri Lankans. How would things change?

Sri Lanka has secured a $2.9bn bailout from the International Monetary Fund as it faces its worst economic and social crisis since independence. A day after UBS Bank brought Credit Suisse out of financial trouble uncertainty in the markets have calmed down. The former finance Minister of Canada Joe Oliver gives his take on if politicians can have much influence on a financial crisis... China's leader Xi Jinping showed the importance of close relations between Russia and China at a dinner hosted by Vladimir Putin on Monday. This comes days after an international court called for the Russian president's arrest for war crimes in Ukrain.

Banking stocks remain under pressure in London and across Europe today after the takeover of Credit Suisse by rival Swiss bank UBS failed to calm markets. Will Bain talks to companies affected and financial experts about the implications for the global financial system.