Crypto plunge sends funds spiralling

A major hedge fund faces liquidation following a cryptocurrency price crash. Singapore-based Three Arrows Capital has defaulted on loans of more than $700 million. Could it be a sign of worse to come? Digital Assets Correspondent for the Financial Times, Scott Chipolina, says it's not the first time confidence has been undermined. Walter Tood, President of US-based firm Greenwood Capital, gives us the latest insight into markets and global inflation. Sri Lanka, which is among the worst-affected countries, has suffered another blow, as the government admits a secure supply of petrol may not be available for more than three weeks. Joseph Stalin from the Ceylon Teachers' Union and Steve Hanke from Johns Hopkins University give us their insight into the country's troubles. Meanwhile, the UN says there's more demand than ever for fish worldwide. We look at the effect it's having with Chris Williams from the International Transport Workers' Federation. Alex Bell rounds up the rest of the day's business news.