Recently, Sri Lankan president Gotabaya Rajapaksa met Japanese ambassador Hideaki Mizukoshi amid economic crisis in the country. He said that Japan is ready to support Sri Lanka for its economic programme with the IMF.

Sri Lankan president Gotabaya Rajapaksa meets Japanese ambassador amid economic crisis

Amidst the rental affordability crisis in Australia, sleeping ‘space shuttle’ pods that have just single beds are being offered for rent for a record $900 a month in Melbourne.

The advertisement was put up by the Abbotsford house as the rental property in Melbourne and other places in Australia are seeing a record rise.

SQM Research has said that the cost of renting a house has soared by up to 21.2 per cent in Australia, with further rises expected as the national&nbsp;rental crisis&nbsp;deepens.

In the advertisement, the Abbotsford house, which is advertised privately, stated that it offers traditional rooms for $400 a week or $1500 a month, or the single pod capsules for up to $250 a week or $900 a month, reports The Guardian Australia.

“The boarding house and the capsules are fully licensed,” the advertisement, posted to Facebook reads.

“Each capsule pod fits a single bed (can sleep one person only), equipped with own mirror, ventilating fan, USB ports, digital control panels, adjustable colour reading lights, safe locker, clothes hanger &amp; curtain door for privacy.

“They look like space shuttles.”

Landlord Frank Chan told the newspaper that rising inflation and a reduction in the number of short-term travellers had contributed to rising costs.

“I do not charge bond, no electricity charge, provide full furniture, full-time housekeeper, tenants have full flexibility when they want to leave, and my price is cheaper than 95% of comparable listings in booking.com, hotels.com and Airbnb the like,” he told Guardian Australia.

“I know there are many people who don’t understand much about the rental market and shout that my price is too high … but they really haven’t looked at how short-term accommodation functions.”

Chan said pods could be a “solution” to the tight rental market.

Tim Lawless, a research director at CoreLogic, told the newspaper that rents have risen 9.2 per cent over the past 12 months and 9.5 per cent for units.

“It’s the highest annual growth rate for rents on record,” he said. “The last time we saw it on this level was in 2017, but that was with a record level of migration. This time around, this level of rental growth is happening amidst closed borders.”

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Amidst the rental affordability crisis in Australia, sleeping ‘space shuttle’ pods that have just single beds are being offered for rent for a record $900 a month in Melbourne.

Amidst the rental affordability crisis in Australia, sleeping ‘space shuttle’ pods that have just single beds are being offered for rent for a record $900 a month in Melbourne. The advertisement was put up by the Abbotsford house as the rental property in Melbourne and other places in Australia are seeing a record rise. SQM Research has said that the cost of renting a house has soared by up to 21.2 per cent in Australia, with further rises expected as the national rental crisis deepens. In the advertisement, the Abbotsford house, which is advertised privately, stated that it offers traditional rooms for $400 a week or $1500 a month, or the single pod capsules for up to $250 a week or $900 a month, reports The Guardian Australia. “The boarding house and the capsules are fully licensed,” the advertisement, posted to Facebook reads. “Each capsule pod fits a single bed (can sleep one person only), equipped with own mirror, ventilating fan, USB ports, digital control panels, adjustable colour reading lights, safe locker, clothes hanger & curtain door for privacy. “They look like space shuttles.” Landlord Frank Chan told the newspaper that rising inflation and a reduction in the number of short-term travellers had contributed to rising costs. “I do not charge bond, no electricity charge, provide full furniture, full-time housekeeper, tenants have full flexibility when they want to leave, and my price is cheaper than 95% of comparable listings in booking.com, hotels.com and Airbnb the like,” he told Guardian Australia. “I know there are many people who don’t understand much about the rental market and shout that my price is too high … but they really haven’t looked at how short-term accommodation functions.” Chan said pods could be a “solution” to the tight rental market. Tim Lawless, a research director at CoreLogic, told the newspaper that rents have risen 9.2 per cent over the past 12 months and 9.5 per cent for units. “It’s the highest annual growth rate for rents on record,” he said. “The last time we saw it on this level was in 2017, but that was with a record level of migration. This time around, this level of rental growth is happening amidst closed borders.” (With inputs from agencies) WATCH WION LIVE HERE

Amidst Australia’s rental crisis, sleeping pods with single bed being rented for $900 a month

The economic situation in Sri Lanka is worsening day by day. After India, Now the United States has come forward to aid the island nation by announcing financial aid.

US delegates on a 3-day visit to Sri Lanka: The US announces financial aid to Colombo

Sri Lanka has been in turmoil. The Island nation, as per many experts, are going through the worst economic crisis in seven decades. Thus, the essential supply such as food, fuel, and electricity have been in limited numbers.

Amid all this, the Sri Lanka cricketers are doing their bit to help the country in such tumultous times. In this regard, Sri Lanka and Chennai Super Kings' (CSK) spinner Maheesh Theekshana won hearts by with a noble gesture for his homeland. With the help of the MS Dhoni-led Yellow Army, the 21-year-old wily spinner&nbsp;donated essential medical supplies to a Colombo hospital.

"I am blessed and humbled to contribute towards this desperate hour of their need," Theekshana told News9 while dwelling about his heartfelt gesture.&nbsp;

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Maheesh Theekshana has donated Tissue vault, cell and freezing bags to Human heart value and tissue bank at Lady Ridgeway hospital for children today. Glad you have decided to allocate part of your IPL earnings to this. It's a generous gesture indeed 🙏 <a href="https://twitter.com/hashtag/children?src=hash&amp;ref_src=twsrc%5Etfw">#children</a> <a href="https://twitter.com/maheesht61?ref_src=twsrc%5Etfw">@maheesht61</a> 💙 <a href="https://t.co/GOGQLam2vG">pic.twitter.com/GOGQLam2vG</a>
— Amila Kalugalage (@akalugalage) <a href="https://twitter.com/akalugalage/status/1541385386928140294?ref_src=twsrc%5Etfw">June 27, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

ALSO READ |&nbsp;<a href="https://www.wionews.com/sports/ind-w-vs-sl-w-chamari-athapaththus-80-guides-sl-to-consolation-win-prevents-india-from-series-whitewash-492323">Ind-W vs SL-W: Chamari Athapaththu's 80 guides SL to consolation win, prevents India from series whitewash</a>

For the unversed, Theekshana&nbsp;contributed by donating tissue vault, cell, and freezing bags to the Human Heart Valve and Tissue Bank at the Lady Ridgeway Hospital for Children in Colombo. As per a report by News18, he donated a part of his IPL 2022 earnings to help his crisis-hit Island nation.

Theekshana was signed by the four-time champions CSK for INR 70 lakhs (i.e. INR 7 million) ahead of IPL 15. He ended up with a fruitful debut season with the popular franchise, churning out 12 scalps in nine games. CSK, however, ended the IPL 2022 edition by finishing at the ninth spot and failed to win their fifth title. Theekshana was also part of Dasun Shanaka-led Sri Lanka's recent 3-2 ODI series win over Australia in their own backyard, where he impressed one and all.

Sri Lanka has been in turmoil. The Island nation, as per many experts, are going through the worst economic crisis in seven decades. Thus, the essential supply such as food, fuel, and electricity have been in limited numbers.

Sri Lanka has been in turmoil. The Island nation, as per many experts, are going through the worst economic crisis in seven decades. Thus, the essential supply such as food, fuel, and electricity have been in limited numbers. Amid all this, the Sri Lanka cricketers are doing their bit to help the country in such tumultous times. In this regard, Sri Lanka and Chennai Super Kings' (CSK) spinner Maheesh Theekshana won hearts by with a noble gesture for his homeland. With the help of the MS Dhoni-led Yellow Army, the 21-year-old wily spinner donated essential medical supplies to a Colombo hospital. "I am blessed and humbled to contribute towards this desperate hour of their need," Theekshana told News9 while dwelling about his heartfelt gesture. Maheesh Theekshana has donated Tissue vault, cell and freezing bags to Human heart value and tissue bank at Lady Ridgeway hospital for children today. Glad you have decided to allocate part of your IPL earnings to this. It's a generous gesture indeed 🙏 #children @maheesht61 💙 pic.twitter.com/GOGQLam2vG — Amila Kalugalage (@akalugalage) June 27, 2022 × ALSO READ | Ind-W vs SL-W: Chamari Athapaththu's 80 guides SL to consolation win, prevents India from series whitewash For the unversed, Theekshana contributed by donating tissue vault, cell, and freezing bags to the Human Heart Valve and Tissue Bank at the Lady Ridgeway Hospital for Children in Colombo. As per a report by News18, he donated a part of his IPL 2022 earnings to help his crisis-hit Island nation. Theekshana was signed by the four-time champions CSK for INR 70 lakhs (i.e. INR 7 million) ahead of IPL 15. He ended up with a fruitful debut season with the popular franchise, churning out 12 scalps in nine games. CSK, however, ended the IPL 2022 edition by finishing at the ninth spot and failed to win their fifth title. Theekshana was also part of Dasun Shanaka-led Sri Lanka's recent 3-2 ODI series win over Australia in their own backyard, where he impressed one and all.

Maheesh Theekshana, MS Dhoni's Chennai Super Kings help crisis-hit Sri Lanka, donate medical supplies

Sri Lanka is struggling to secure fresh fuel supplies, as the crisis-hit country of 22 million people is down to just 15,000 tons of petrol and diesel to keep essential services running in the coming days.

Sri Lanka struggles to get fresh oil supplies, left with only 2-day of oil stocks

Will there be a repeat of the Israel-Lebanon war? Hezbollah terror group has built 15 new posts along the border sparking new tensions between Israel and Lebanon.

Sri Lanka hikes fuel prices, third price revision in 2 months

Sri Lanka is battling its worst economic crisis since independence. The crisis hit island nation hiked its petrol prices again. This is the third price revision in two months and will come to effect from today.

Sri Lanka hikes fuel prices, third price revision in two months

With the crypto winter continuing to consume the crypto miner's income, and&nbsp;the financial epidemic spreading throughout the sector, electricity consumption by the most prominent cryptocurrency networks has decreased by up to 50 per cent, reported the Guardian.&nbsp;

According to estimates made by the crypto analyst Digiconomist, the bitcoin network's electricity consumption has decreased by a third from its high on 11 June and down to an annualised figure of 131 terawatt-hours a year.

Also read |&nbsp;<a href="https://www.wionews.com/world/us-crypto-firm-harmony-hit-by-100-million-heist-491627">Hackers steal $100 million worth digital coins from US crypto firm Harmony</a>

Ethereum, the "programmable money" that is experiencing much of the recent explosion in crypto projects, has seen a downfall in electricity usage from a peak of 94TWh a year to 46TWh a year which is the annualised consumption of Qatar.

For both the companies, the reason for the fall remains the same.&nbsp;

The electricity usage for a cryptocurrency is determined by "mining." In crypto mining, people essentially use purpose-built computers to generate digital lottery tickets that can reward cryptocurrency payouts.&nbsp;

This process is vital because it holds up the security of the networks. However, it also incentivises the network as a whole to waste significant amounts of energy.

The prices of most cryptocurrencies have fallen by a large proportion, with Bitcoin at nearly $20,000 from its peak at $69,000 (£56,000) earlier this year. The value of rewards to miners has also fallen, which has left them in areas with expensive electricity or older, inefficient practices of mining "rigs," resulting in an inability to turn a profit.

Watch |&nbsp;Why is the crypto market crashing?

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/why-is-the-crypto-market-crashing-488907/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The Dutch economist behind Digiconomist, Alex de Vries, told The Guardian, "This is literally putting them out of business, starting with the ones that operate with suboptimal equipment or under suboptimal circumstances (e.g., inefficient cooling)."

"For bitcoin mining equipment, that's a big issue because those machines cannot be repurposed to do something else. When they're unprofitable, they're useless machines. You can keep them around hoping the price will recover or sell them for scrap," he added.

In comparison to others, Ethereum can be mined using a typical computer. However, it is most profitable to do so using a very powerful graphics card, resulting in widespread supply shortages of the cards, which have turned many gamers against the industry.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/crypto-industry-fears-contagion-as-bitcoin-slips-under-20000-490041">Crypto industry fears contagion as bitcoin slips under $20,000</a>

The fall in mining revenue has resulted in a flood of graphics cards on the second-hand market, with insolvent miners trying to recoup their investments.

The cryptocurrency sector continues to stumble due to the massive price collapse even after the Bitcoin prices are much more stable presently.

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

With the crypto winter continuing to consume the crypto miner's income, and the financial epidemic spreading throughout the sector, electricity consumption by the most prominent cryptocurrency networks has decreased by up to 50 per cent, reported the Guardian.

With the crypto winter continuing to consume the crypto miner's income, and the financial epidemic spreading throughout the sector, electricity consumption by the most prominent cryptocurrency networks has decreased by up to 50 per cent, reported the Guardian. According to estimates made by the crypto analyst Digiconomist, the bitcoin network's electricity consumption has decreased by a third from its high on 11 June and down to an annualised figure of 131 terawatt-hours a year. Also read | Hackers steal $100 million worth digital coins from US crypto firm Harmony Ethereum, the "programmable money" that is experiencing much of the recent explosion in crypto projects, has seen a downfall in electricity usage from a peak of 94TWh a year to 46TWh a year which is the annualised consumption of Qatar. For both the companies, the reason for the fall remains the same. The electricity usage for a cryptocurrency is determined by "mining." In crypto mining, people essentially use purpose-built computers to generate digital lottery tickets that can reward cryptocurrency payouts. This process is vital because it holds up the security of the networks. However, it also incentivises the network as a whole to waste significant amounts of energy. The prices of most cryptocurrencies have fallen by a large proportion, with Bitcoin at nearly $20,000 from its peak at $69,000 (£56,000) earlier this year. The value of rewards to miners has also fallen, which has left them in areas with expensive electricity or older, inefficient practices of mining "rigs," resulting in an inability to turn a profit. Watch | Why is the crypto market crashing? The Dutch economist behind Digiconomist, Alex de Vries, told The Guardian, "This is literally putting them out of business, starting with the ones that operate with suboptimal equipment or under suboptimal circumstances (e.g., inefficient cooling)." "For bitcoin mining equipment, that's a big issue because those machines cannot be repurposed to do something else. When they're unprofitable, they're useless machines. You can keep them around hoping the price will recover or sell them for scrap," he added. In comparison to others, Ethereum can be mined using a typical computer. However, it is most profitable to do so using a very powerful graphics card, resulting in widespread supply shortages of the cards, which have turned many gamers against the industry. Also read | Crypto industry fears contagion as bitcoin slips under $20,000 The fall in mining revenue has resulted in a flood of graphics cards on the second-hand market, with insolvent miners trying to recoup their investments. The cryptocurrency sector continues to stumble due to the massive price collapse even after the Bitcoin prices are much more stable presently. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Electricity used to mine Bitcoin falls as crypto crisis widens

Pakistan's finance minister Miftah Ismail has announced that the government will no longer give subsidies on petroleum products. The government was forced to implement these actions after the poor functioning of the previous government.

Pakistan tries to revive its economy | No subsidies on petroleum products

An Indian delegation has visited Sri Lanka amid the ongoing economic crisis in a bid to assess the deteriorating situation. India will now provide further assistance to Sri Lanka.

India to provide further assistance to Sri Lanka amid the ongoing economic crisis

Sri Lanka continues to reel under unprecedented economic crisis. Amid the turmoil, Indian delegation is going to visit Sri Lanka today and are expected to meet Lankan president Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe.

Indian delegates to meet Sri Lankan PM & President to assess crisis

Sri Lanka continues to reel under the unprecedented economic crisis. Amid the turmoil, the Indian delegation has arrived in Colombo. During the 3 hours of visit, the Indian delegate will hold talks for additional support from India.

Indian delegation led by CEA Nageswaran in Sri Lanka to hold talks on additional aid

Sri Lanka continues to reel under unprecedented economic crisis. Amid the turmoil, Indian delegation arrived in Sri Lanka and expected to hold bilateral discussions with Sri Lankan authorities.

Indian officials to hold talks on additional aid in Sri Lanka

It's been more than two months and the situation is not getting any better in Sri Lanka. The shortages persist and the reserves are running out, Sri Lanka has been forced to turn to the IMF once again.

No end to turmoil in Sri Lanka: Shortages persist, protests continue

Sri Lanka is battling its worst economic crisis since independence. There is a surge in violence in Sri Lanka due to fuel shortages. Now, an IMF team has arrived in Colombo for talks on the bailout package.

Fuel shortage continues to plague Sri Lankans amid the ongoing economic crisis

The island nation of Sri Lanka is battling its worst economic crisis since independence. Amid the crisis, Sri Lankans seek passports for a better life as they try to flee the crisis.

The economic crisis forces Sri Lankans to flee as they seek passport to a better life

Sri Lanka is battling its worst economic crisis since independence. There is a surge in violence in Sri Lanka due to fuel shortage. The island nation has deployed army to guard fuel stations.

Sri Lanka: Surge in violence as fuel shortage intensifies

Sri Lanka is reeling under a severe economic and fuel crisis. Now, the Sri Lankan govt-issued a new circular ordering to close offices and schools for two weeks.

Sri Lankan govt issues new circular: Govt to close offices, schools for two weeks amid economic crisis

External Affairs Minister S Jaishankar chaired a parliamentary consultative committee meeting on Sri Lanka's situation. On another side, Sri Lanka's central bank governor said that the country could have averted the crisis if it had gone to the International monetary fund sooner.

Sri Lanka's economic meltdown continues to worsen

Thousands of Sri Lankans are queuing up outside oil stations hoping for just a drop of fuel. The oil crisis has immobilized the island nation, citizens are unable to drive their cars and public transport has also been severely affected.

Sri Lanka's fuel crisis worsens as thousands queue outside gas stations

Sudan has been battling a rising hunger problem and farmers don't have money to fund crops. Urgent agricultural aid is required to control the ongoing hunger crisis.

Sudan Hunger Crisis: Urgent agricultural aid required

UK's cost of living crisis is set to worsen as experts believe food inflation may accelerate over the summer. Food prices could rise as much as 15%.

UK's cost of living crisis: Food inflation to accelerate over summer

The island nation of Sri Lanka is battling its worst economic crisis since independence. Amid the crisis, Sri Lankans seek passports for a better life as they try to flee the crisis

Sri Lanka economic crisis: Sri Lankans seek passport to better life

Sri Lanka Fuel Crisis: Lack of oil, LPG & fuel leaves citizens high and dry

Pakistan's Finance Minister Miftah Ismail announced that the federal government has decided to raise the price of petrol by another PKR 24 per litre. This is the the third such raise within the last 20 days.

Pakistan: Govt raises fuel price for third time in 20 days

Pakistan's federal minister for planning and development has urged the people in Pakistan to reduce the amount of tea that they drink. He believes that sipping fewer cups a day would cut Pakistan's high import bills.

Pakistan minister urges public to consume less tea to reduce high import bills'

In Sri Lanka, the government is toiling hard to pull the country out of the energy crisis and in the latest measure the cabinet has approved a proposal to declare Friday as holiday for public sector employees.

Sri Lanka declares Friday a holiday for the public sector as it approves a 4-day work week

Crippled by water shortages and power cuts, Pakistan battles the climate crisis. Mercury has shot to 51° celsius in Pakistan's Jacobabad.

Pakistan battles climate crisis as mercury shoots to 51° celsius in Jacobabad

Pakistan's finance minister has warned of default amid the ongoing economic crisis. More fuel price hikes are expected as Pakistan's IMF bailout is at risk due to subsidies.

Pakistan Economic Crisis: More fuel price hike expected as Pak IMF bailout at risk due to subsidies

In an exclusive interview of Sri Lankan PM Ranil Wickremesinghe with Palki Sharma on WION's Global Leadership, he said, all the shortages are over lack of dollars. We need to find the dollars, our real crisis is the dollar crisis.

Global Leadership Series: "Our real crisis is the dollar crisis", says Sri Lankan PM

Amid the worsening fuel crisis in Sri Lanka, the Lankan government plans a fuel-rationing scheme. The new plan is likely to be rolled out next month. Meanwhile, there is a special holiday in Lanka today amid a severe economic crisis.

Fuel crisis worsens in Sri Lanka as Lankan government plans fuel-rationing scheme

crisis

Crisis, News on Crisis, stories on Crisis, articles on Crisis, Crisis stories at Wion, Crisis news, Crisis latest news