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
British Airways’ parent company, International Consolidated Airlines Group (IAG), has announced a bold $23 billion investment in new long-haul aircraft, defying concerns over transatlantic travel demand and strengthening its position in the
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U.S. President Donald Trump has suggested he’s open to reducing steep tariffs on Chinese goods, raising hopes for a potential easing of tensions in the long-running U.S.-China trade war ahead of high-stakes
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The International Monetary Fund (IMF) on Friday approved the immediate disbursement of approximately $1 billion to Pakistan under its ongoing Extended Fund Facility (EFF), according to a statement from the Prime Minister’s
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US President Donald Trump has announced a new trade agreement with the UK, making it the first country to reach a deal with the US since the White House introduced sweeping tariffs
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Vincent Clerc, the CEO of AP Møller Maersk, the world’s second-largest container shipping group, has warned that using tariffs to reshape global supply chains would be a slow and unrealistic process, requiring
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Bilateral trade between Russia and the United States surged by 50% in March, reaching a two-year high of $573 million, according to customs data cited by RIA Novosti on Thursday. The increase
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In a move meant to bolster global supply chain security and curb nuclear smuggling, the United States unveiled new radiation detection equipment at the Port of Colombo — a major maritime hub
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In a sweeping move to counter mounting economic pressures, China has announced a series of interest rate cuts and banking sector reforms designed to inject long-term liquidity into its economy. The measures,
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A wave of U.S. corporate share repurchases is gathering momentum, with companies announcing a record-breaking $500 billion in buybacks as they seek to deploy excess cash during a period of trade uncertainty
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In a landmark legal ruling that could reshape the surveillance technology industry, WhatsApp has secured a $168 million jury verdict against NSO Group, the Israeli developer of Pegasus spyware, for exploiting a
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BMW’s chief executive Oliver Zipse has predicted that the 25 per cent tariff imposed by former US President Donald Trump on foreign car imports will be reduced as early as July, describing
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A small group of traders made a staggering $99.6 million in profit by purchasing Melania Trump’s $MELANIA cryptocurrency token in the minutes before its official announcement, according to an analysis by the
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The European Commission’s proposed Critical Medicines Act, unveiled in March, seeks to address the critical shortages of medicines and medical supplies exposed by the Covid-19 pandemic. The initiative aims to boost EU
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Billionaire investors Thomas Tull and Mark Walter are embarking on an ambitious new venture, aiming to raise $15 billion from investors, including Mubadala Capital, to fund acquisitions and investments in artificial intelligence
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NDB Bank recently partnered with Bishop’s College, Colombo to launch an exclusive awareness initiative focused on promoting financial literacy among students aged 13 to 17 through its pioneering youth banking product, NDB
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