An International Monetary Fund (IMF) staff team has concluded discussions with Sri Lankan authorities on the country’s seventh review under its Extended Fund Facility (EFF) arrangement and the 2026 Article IV Consultation,
In a judicial decision today (25 February 2026), the Fort Magistrate’s Court ordered the Criminal Investigation Department (CID) to release gold, gems and other valuables seized from the family home of the
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Sri Lanka’s energy sector is in turmoil as the Ceylon Electricity Board (CEB) and its consumers face losses running into billions of rupees due to the import of substandard coal for the
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PwC is embroiled in a legal clash with a consultancy founded by one of its former executives, amid allegations that staff and clients are being recruited in breach of non-compete agreements. According
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Literary agents are rewriting their submission policies in response to a surge of manuscripts and cover letters produced with artificial intelligence, signaling a growing backlash within the publishing world against the technology’s
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Jamie Dimon, chief executive of JPMorgan Chase, has warned that some lenders are doing “dumb things,” creating conditions reminiscent of the prelude to the 2008 financial crisis. Speaking to investors, Dimon said
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President Donald Trump has asserted that a potential war with Iran would be “easily won,” attributing the assessment to his chairman of the Joint Chiefs of Staff, Dan Caine, despite reports that
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The Export Development Board has reported a decline in export revenue from garments and textiles in January this year compared with the same month of the previous year, raising concerns about the
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China is moving to dramatically expand its domestic semiconductor manufacturing capacity in a state-backed effort to meet surging artificial intelligence demand and reduce reliance on foreign technology, according to a report by
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by Our Correspondent in Washington DC Fresh diplomatic engagement and high-level military presence have sparked debate in Colombo over whether Sri Lanka is becoming the latest focal point in a widening geopolitical
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A major dispute over control of strategic shipping infrastructure erupted this week after CK Hutchison Holdings Limited accused the Republic of Panama of forcibly taking over two critical Panama Canal port terminals,
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by Our Correspondent in Colombo Former Director-General of the State Intelligence Intelligence Maj. Gen. (Retired) Suresh Sallay was arrested this morning by officers of the Criminal Investigation Department while traveling to his
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North Korean leader Kim Jong Un used a major political gathering in Pyongyang to reaffirm his authority and set out a new five-year strategy aimed at consolidating the country’s economic foundations, tightening
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The Vatican has confirmed that Pope Leo XIV warned Spanish bishops last November about the risk of extremist groups attempting to manipulate the Church and influence Catholic voters. The advisory, first reported
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Government officials, development experts, business leaders, and civil society representatives gathered in Bangkok for the 13th Asia-Pacific Forum on Sustainable Development, issuing an urgent call to accelerate action on water security, clean
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United Nations experts have called on governments to ensure that any emerging regulations on deep seabed activities, including potential mining codes, are firmly anchored in international law and guided by the precautionary
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