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
The Ceylon Chamber of Commerce (CCC) has expressed deep concern over the United States’ imposition of a 44% tariff on Sri Lankan exports, warning of severe repercussions for the country’s trade and
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In a move that has sparked confusion and laughter across the global community, US President Donald Trump recently imposed a 10% tariff on imports from the world’s most remote and uninhabited islands—Heard
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TikTok, owned by Chinese company ByteDance Ltd., is set to face a privacy fine of more than €500 million ($553 million) for unlawfully sending European users’ data to China, according to Bloomberg
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Billionaire businessman and former New York Mayor Michael Bloomberg has issued a stark warning about the U.S. economy, claiming the nation is heading towards a “fiscal breakdown” unless urgent action is taken
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India’s benchmark 10-year bond yields saw a significant drop on Wednesday, falling by nine basis points to 6.49 percent, just days ahead of the Reserve Bank of India’s (RBI) monetary policy review
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Danish shipping giant AP Møller-Maersk has finalized a deal to acquire the Panama Canal Railway, a key infrastructure link that connects the ports at both ends of the Panama Canal. This acquisition
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Shares of Trump Media and Technology Group (TMTG) tumbled on Wednesday after a regulatory filing revealed that the U.S. President Donald Trump is preparing to sell his entire $2.3 billion stake in
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Tesla has suffered its worst quarterly performance since 2022, with vehicle deliveries falling sharply in the first three months of 2024. According to a report from the Financial Times, the electric vehicle
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As China continues to expand its nuclear power capabilities, the nation faces an increasing demand for uranium. In 2024, China imported approximately 13,000 tonnes of natural uranium, while domestic production remained at
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A new investigation has revealed that Apple and Google’s app stores have been hosting several popular virtual private network (VPN) apps linked to Qihoo 360, a Chinese cybersecurity company blacklisted by the
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Chinese automaker BYD has posted a remarkable 58% increase in vehicle sales for the first quarter of 2024, sharply contrasting Tesla’s ongoing decline in demand across key European markets, Financial Times reports.
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Aarhus and Aalborg, two Danish cities once better known for their maritime and industrial heritage, have rapidly become the epicenter of Europe’s energy trading revolution. Dubbed the “Silicon Valley of energy trading”
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Investors are rushing into gold at the fastest pace since the onset of the Covid-19 pandemic, as mounting fears over US President Donald Trump’s impending tariff announcements drive a flight to safe-haven
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China has expressed its willingness to import more Indian products in an effort to address the long-standing trade imbalance between the two countries, Beijing’s Ambassador to India, Xu Feihong, stated ahead of
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A growing rivalry between Apple and Elon Musk’s SpaceX has intensified as both companies vie for dominance in satellite-based connectivity, according to a report from The Wall Street Journal. The dispute centers
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