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,
Microsoft will begin ranking artificial intelligence models by safety performance, a move aimed at reassuring customers and helping them navigate an increasingly crowded AI marketplace, the company announced this week. The new
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At this week’s OECD ministerial summit in Paris, world trade leaders confronted a sobering reality: the United States, under President Donald Trump’s second term, is doubling down on a unilateral trade strategy,
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A young woman believed to be the daughter of Russian President Vladimir Putin has ignited a storm of controversy in the Paris art world, after it emerged she was working at a
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Elon Musk’s artificial intelligence startup xAI is racing to secure a $5 billion debt financing package — but an escalating public spat with former U.S. President Donald Trump is injecting fresh uncertainty
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As World Oceans Day approaches on June 8, the Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, is urging the global community to intensify its commitment to protecting the ocean. With
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The Swiss government has unveiled sweeping financial reforms that could force UBS to boost its capital by up to $18bn — a proposal the bank previously slammed as “extreme” and “excessive.” The
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Within minutes of opening its doors, a farm produce co-operative in the seaside town of Atami, south-west of Tokyo, had sold out of its government-subsidised rice. The queue had begun hours earlier,
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In a revealing interview with the Financial Times, Rafael Grossi, Director-General of the International Atomic Energy Agency (IAEA), offered a rare and personal insight into the escalating global nuclear risks—from Iran’s growing
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A U.S. intelligence employee has been arrested for allegedly attempting to pass classified materials to Germany’s spy agency, in a case that has sent shockwaves through the American intelligence community and cast
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The Reserve Bank of India (RBI) stunned financial markets on Friday by slashing its key interest rate by 50 basis points, double the amount expected by most economists, in a bold move
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The United States has imposed sanctions on four judges of the International Criminal Court (ICC), intensifying its campaign against what it calls “illegitimate and politicized” legal actions targeting America and its allies—particularly
More A once-powerful alliance between Elon Musk and Donald Trump unraveled spectacularly this week, culminating in the Tesla CEO publicly calling for the impeachment of the president in a dramatic social media war
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Editorial On a sultry afternoon, under the cracked sky of a country disfigured by generations of theft and mediocrity, a decades-old Airbus A330-200 took a slow, theatrical descent into Katunayake. It flew
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Sri Lanka’s trade deficit expanded to USD 717.5 million in April 2025, marking a significant year-on-year increase from USD 557.7 million recorded in April 2024, according to the latest data released by
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U.S. President Donald Trump and Chinese President Xi Jinping have agreed to launch a new round of high-level trade talks, marking a tentative step toward easing months of renewed economic tension that
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