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 an abrupt and devastating move, Next Manufacturing Pvt Ltd, a major garment exporter in the Katunayake Free Trade Zone, shut down its operations overnight on May 19th, 2025—without any prior notice—leaving
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by Our Diplomatic Affairs Editor The promotion of Field Marshal Syed Asim Munir Ahmed Shah yesterday, 20 May 2025—the first such elevation since Muhammad Ayub Khan in 1959—revives a fraught chapter in
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Exclusive by Our Correspondent in Washington DC The United States has formally pressured Sri Lanka to immediately halt some of the most significant defence-related dealings with Russian entities, citing serious risks of
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by Durga “Does Donald Trump like hugs?”“What’s his favourite McDonald’s order?”“If the President had a superpower, what would it be?” These might seem like questions better suited to a school playground than
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The United States has officially completed the first production unit of its newest nuclear gravity bomb, the B61-13, nearly a year ahead of schedule, according to a statement released today by the
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Shares of Contemporary Amperex Technology Co. Ltd (CATL), the world’s largest electric-vehicle battery manufacturer, surged 12.6% on Tuesday as it launched the biggest public offering globally so far this year. The secondary
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The European Union’s agriculture commissioner, Christophe Hansen, has cautioned against diverting funds from the bloc’s €387 billion Common Agricultural Policy (CAP) to bolster defence spending, emphasizing the critical role of food security
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Japan’s Nippon Steel has dramatically raised its investment commitment in US Steel to $11 billion in a bold effort to win over former President Donald Trump and secure approval for a politically
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Maruti Suzuki, India’s largest carmaker, is setting its sights on the next generation of Indian car buyers in a bold move to reclaim its dominant position in the country’s auto industry. In
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The Japanese government has announced the release of 300,000 tonnes of rice from its emergency reserves in a dramatic bid to curb surging prices and calm growing public frustration over the cost
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Elon Musk has reaffirmed his commitment to remain Tesla’s chief executive for at least the next five years, dismissing concerns about waning demand and speculation over his potential departure from the electric
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Harvard University is under renewed scrutiny after a group of senior Republican lawmakers accused it of collaborating with the Chinese Communist Party (CCP), training members of sanctioned paramilitary groups, and conducting research
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In a bold move to combat rising housing costs and growing public unrest, the Spanish government has ordered Airbnb to delist over 65,000 holiday rental properties that are in breach of regulations.
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President Ibrahim Traoré of Burkina Faso recently delivered a speech that has resonated deeply not only across Africa but around the world. Addressing the International Monetary Fund (IMF) with a directness seldom
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by Our Correspondent in Delhi The Supreme Court of India dismissed a plea by a Sri Lankan national with alleged ties to the banned Liberation Tigers of Tamil Eelam (LTTE), asserting firmly
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