Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
In a move that signals a significant strategic shift, Opec+ announced over the weekend that eight of its key members — including Saudi Arabia and Russia — will increase oil production by
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China’s largest technology companies — including Alibaba, Tencent, and Baidu — are accelerating efforts to replace Nvidia chips with homegrown alternatives as US export restrictions bite deeper into their artificial intelligence ambitions,
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India’s economy grew by a stronger-than-expected 7.4% in the quarter ending March 2025, signaling a robust rebound from last year’s slowdown and giving Prime Minister Narendra Modi’s government a timely boost ahead
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America’s leading artificial intelligence companies, including OpenAI, may soon find themselves overtaken by faster, cheaper international competitors — particularly from China — according to legendary tech analyst and investor Mary Meeker. In
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The Sri Lanka–China Trade and Investment Forum 2025 convened today in Colombo, bringing together a high-profile delegation of over 115 senior representatives from 77 leading Chinese enterprises, alongside key figures from Sri
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NDB Bank has further strengthened its commitment to enabling Sri Lankan students to pursue global academic opportunities through a newly signed Memorandum of Understanding (MOU) with ABEC (Australian Business Education Centre), a
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Fashion retail giant Victoria’s Secret is currently grappling with a security incident that has disrupted its website and online order services. The company confirmed the situation in a brief statement posted on
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Capital Metals PLC (AIM: CMET), a UK-listed mineral sands exploration and development company, has announced a significant strategic investment agreement with Ambeon Capital PLC, one of Sri Lanka’s leading diversified conglomerates. The
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Two major financial misconduct cases sent ripples through international institutions this week, as former Goldman Sachs banker Tim Leissner was sentenced in the U.S. for his role in the 1MDB scandal, while
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Elon Musk’s brain-computer interface company Neuralink has raised $600 million in a new funding round that values the startup at $9 billion before the injection of fresh capital, according to people familiar
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A new report from Statistics South Africa has revealed a sobering reality: over 25.4 million South Africans—roughly 40.1% of the population—depend on social grants as a means of survival. The findings, published
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European Central Bank (ECB) President Christine Lagarde has considered cutting short her term to assume leadership of the World Economic Forum (WEF), according to an exclusive report by the Financial Times. The
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A damning internal review has revealed that the chief executive of Heathrow Airport, Thomas Woldbye, was unreachable during a critical power outage in March, as his phone was on silent at his
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China has assured the refinancing of $3.7 billion in maturing commercial loans—this time entirely in Chinese currency (RMB)—before the end of June. The move is expected to help Pakistan maintain its fragile
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Tesla’s dominance in Europe’s electric vehicle (EV) market is showing deep cracks, as new data reveals the automaker’s sales across the continent fell by nearly half in April — even as the
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