South Korea is extending trading hours on its main stock exchange, breaking with established norms across major Asian markets as it seeks to attract sustained participation from global investors and move towards
The global shipping industry is experiencing a significant shift in vessel demand, with shipowners moving away from ordering the massive container ships that once defined the boom in global trade. According to
More
It is vital to restart the World Trade Organization (WTO), including its arbitration function, and enhance the role of developing economies in international financial institutions, Russian President Vladimir Putin underscored at the
More
The number of active US venture capital (VC) firms has plummeted by more than 25% since its peak in 2021, reflecting a major shift in the industry as financial backers increasingly concentrate
More
Hungary is set to forfeit €1.04 billion ($1.07 billion) from its frozen European Union funds, the Financial Times reported on Tuesday. The lost funds are part of €6.3 billion withheld by Brussels
More
China is ramping up its efforts to challenge Boeing and Airbus’s dominance in the global aviation market, using its state-developed C919 passenger jet as a flagship project. The C919, a centerpiece of
More
IBM has announced its ambitious plan to develop the largest quantum computer to date, targeting a groundbreaking new qubit record in 2025. By linking multiple smaller quantum processors into a single, modular
More
Emirates airline will operate an additional scheduled service between Colombo and Dubai, starting from 2nd January 2025. According to the Emirates News Agency, the newly-introduced flight, to operate as EK654/655, increases the
More
Credit card defaults in the United States have reached their highest level in 14 years, reflecting a sharp increase in financial distress among consumers, particularly those from lower-income households. This surge in
More
Boeing’s 737-800, part of the company’s widely used 737 Next Generation (737NG) series, has once again come under scrutiny following a series of alarming incidents involving the aircraft. In just 24 hours
More
Prototypes of the CR450 bullet train, with a test speed of up to 450 kilometers per hour and an operational speed of 400 kilometers per hour, were debuted in Beijing on Sunday,
More
by Chen Dongshu, Wu Yue In the sweltering heartland of Sri Lanka, where sunshine, heat, and abundant water conspire to create a tropical paradise, a seed sown often bursts into life with
More
Cargo transportation along the Northern Sea Route (NSR) has hit a record 37.3 million tons by the end of 2024, showcasing the growing significance of this Arctic corridor for global trade. This
More
by Our Correspondent in Colombo Sri Lanka is poised to move forward with plans to construct three nuclear power plants, each generating 900 megawatts of electricity, by 2035. The country’s Atomic Energy
More
The BRICS Business Council has announced plans to establish a logistics hub in the United Arab Emirates (UAE), a decision that could significantly reshape global trade dynamics among its member nations and
More
Global corporate debt issuance surged to an all-time high of $8 trillion in 2024, driven by robust investor demand and declining borrowing costs, The Financial Times reported. The issuance of corporate bonds
More