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
China’s holdings of US Treasury bonds have fallen to their lowest level since 2009, as Beijing continues to diversify its foreign reserves and shift assets into lower-profile accounts. According to data published
More
Silver Lake, a prominent US private equity group, is in negotiations to acquire a majority stake in Intel’s Altera unit, marking a significant move as the chipmaker seeks to offload non-core assets
More
The Ceylon Chamber of Commerce welcomes bold proposals in the budget that align with its recommendations, Sri Lanka Economic Summit discussions, and Vision 2030 goals. The 2025 Budget focuses on stability, governance,
More
Meta Platforms, the parent company of Facebook and Instagram, has regained its position as a Wall Street favorite, fueled by growing optimism about its AI investments. According to The Times UK, Meta’s
More
North Korea is officially reopening its borders to Western tourists after nearly five years of closure, as the country becomes one of the last to welcome international visitors following the COVID-19 pandemic.
More
On a clear morning in June 2023, I arrived in the city of Dali, located in China’s southwestern province of Yunnan, and was received by He Licheng, a local resident and farmer
More
Phenix Lumber Co. in Phenix City, Alabama, earned the grim title of the deadliest workplace in America, with the highest rate of fatal workplace incidents per worker from 2019 to 2023, according
More
The legal battle surrounding the 2021 acquisition of Frank, a student loan start-up founded by Charlie Javice, has escalated into a high-stakes courtroom drama. Javice, 31, stands trial this week on charges
More
Investors in Ethiopia’s defaulted $1 billion dollar bond have publicly criticized the International Monetary Fund (IMF) for exaggerating the country’s need for debt relief. A committee representing these bondholders contends that the
More
In a significant move to reinvigorate China’s private business landscape, President Xi Jinping met with some of the country’s leading entrepreneurs on Monday in Beijing. The meeting, aimed at stimulating the economy,
More
Indonesia’s rapidly shrinking middle class is creating ripples across the economy, as businesses struggle to adjust to shifts in consumer spending habits. Pizza Hut Indonesia, operated by Sarimelati Kencana, has felt the
More
As global trade tensions escalate, Beijing is taking sweeping measures to tighten control over its advanced technologies, critical minerals, and skilled workforce. In an effort to prevent key industrial know-how from leaving
More
IndiGo, India’s largest airline, is moving beyond its budget airline image as it expands internationally and introduces more premium offerings, signaling its shift toward a hybrid business model. This transition comes as
More
Japan is making a bold $1.5 billion investment in next-generation ultra-thin solar cells, aiming to break China’s dominance in renewable energy and secure its energy future. According to the Financial Times, the
More
Brussels is preparing to impose stricter import restrictions on agricultural products that do not meet EU safety standards, mirroring the protectionist stance once championed by former U.S. President Donald Trump. According to
More