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Sri Lanka Allows Firms From Oil-Producing Nations to Sell Fuel in Retail Markets_我的网站

一 | The Academy Awards, popularly known as the Oscars, are widely regarded as the most prestigious and coveted honours in global cinema. For over nine decades, the Oscars have stood as a benchmark of cinematic excellence. However, in a surprising move, the Academy has now decided to leave the ABC network, where it has televised the show till 1960. From 2029, the Oscars will likely be streamed on YouTube To understand a little bit of Oscars' history, the event did not get televised till 1953. It was originally with the NBC network but it went over to ABC in 1960. The relationship lasted for 10 years before the rights went back to NBC. After another 5-year stint, the Oscars returned to ABC and have remained with the network ever since. ABC also made history by broadcasting the Academy Awards in colour for the first time in 1966. However, this long-standing partnership is now nearing its end, as the iconic awards ceremony prepares to move with the times and embrace a new era of broadcasting. As per the recent reports, the move to shift Oscars to YouTube will give fans a deeper and more personal look into the award ceremony. The Academy is also planning to release other related content, including red carpet pre-show event, BTS coverage and the Governors award footages. All of it will be available for streaming, making content more accessible to fans. The most important update is that the awards show might be available for free to stream, unless the Academy decides to keep it in a subscription-based system on YouTube. In other news, Homebound has been shortlisted for the Academy Awards 2026 in the Best International Feature Film category, placing it among 15 selected from submissions by 86 countries. Some of the other films in the category include Palestine 36 from Palestine, The Voice of Hind Rajab from Tunisia, No Other Choice from South Korea and The Secret Agent from Brazil. Also Read: Kiara Advani, Shahid Kapoor and Others React As Homebound Gets Shortlisted for Oscars 2026。 Sri Lanka on Tuesday opened its fuel import and retail sales markets for firms belonging to oil-producing countries, a measure which the government hopes may ease crippling shortages that have paralyzed most of the economic activity in the island nation.,The move will also end the duopoly of state-owned Ceylon Petroleum Corporation (CPC), controlling 80% of the fuel market, and Lanka IOC, a unit of Indian Oil Corporation.,The cabinet approved the proposal hours before a high-level delegation left for Qatar and Russia to arrange fuel for immediate needs.,Minister of Energy Kanchana Wijesekera said the firms would be able to operate without Forex requirements from the Central Bank of Sri Lanka (CBSL) and other banks.,“This exemption of Forex requirements will be permitted for the first few months of operations,” the minister said.,The cabinet has asked the CPC to provide its logistics, stocking, and distribution service to the foreign firm, suggesting that the government would privatize a debt-ridden state-run firm which controls around 80 percent of the market.,However, the refinery business will remain with the Ceylon Petroleum Corporation, which was operating with a monthly loss of approximately $90 million last year.,On Monday, the government restricted fuel sales to port, health services, and food transport until 11 July, citing the "unprecedented state of finance and foreign exchange crisis.”,“All other sectors are requested to stay at home and provide services online in this difficult time,” Bandula Gunawardena, the government spokesman, said.,Last Wednesday, Sri Lankan Prime Minister Ranil Wickremesinghe said the economy had “completely collapsed,” showing the inability to purchase fuel as shortages of essentials and electricity worsen.,The government is in talks with Qatar, Russia, and India to arrange for fuel until the forex crisis gets resolved. The island nation has also planned a credit conference with the participation of India, China, and Japan to arrange for loans for food and fuel purchases.,A negotiation with the International Monetary Fund is in progress and will likely be finalized by July.,Want to know more? Check out our Koo & Telegram accounts!,Koo: https://www.kooapp.com/profile/sputniknews,Sputnik India: https://t.me/sputniknewsindia。