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
According to a report by the Financial Times, Microsoft has emerged as the dominant purchaser of Nvidia’s flagship AI chips in 2024, securing nearly half a million of Nvidia’s “Hopper” GPUs this
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At the heart of Huawei’s electric vehicle (EV) division in Shenzhen, a massive screen narrates a profound shift in human mobility: from horses to cars, and now from internal combustion engines to
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Social media platforms are increasingly becoming the marketplace for illegal drug sales, with dealers using clever tactics—such as emojis—to evade detection, according to Wired magazine. For example, a snowflake, a snowman, or
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Former Sri Lankan President Ranil Wickremesinghe has welcomed the steps taken by President Anura Kumara Dissanayake to advance economic cooperation with India, particularly through the Economic and Technical Cooperation Agreement (ETCA). In
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Sri Lanka’s recent restructuring of $12.55 billion in international bond debt has sparked considerable controversy, particularly due to the introduction of a set of unprecedented financial instruments. The government’s new bonds are
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by Our Economic Affairs Editor A latest report by the International Monetary Fund (IMF) highlights pressing concerns about Sri Lanka’s public debt management systems, underscoring critical deficiencies in the nation’s legal and
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A global mental health crisis is taking a severe toll on workplaces worldwide, with the financial services sector emerging as one of the hardest-hit industries, according to research and experts cited by
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A tugboat, the Navimar 3, has been anchored off Kutubdia Island, situated thirty-three nautical miles south of Chittagong, Bangladesh, since March of last year. Its crew of seven, including an Indian engineer
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Coffee, one of the world’s most beloved beverages, has a rich history that spans centuries and continents. Originating in the highlands of Ethiopia, coffee began its global journey in the 15th century
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Sri Lanka is now facing an acute rice shortage that has raised serious concerns over the quality of imported supplies. Sri Lanka Customs recently uncovered significant issues with two large rice consignments
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When I served as Finance Minister, we faced one of the gravest financial crises in our nation’s history. Our reserves were depleted, our credit ratings were in freefall, and we had lost
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Sri Lanka’s Ministry of Finance announced the successful completion of its Consent Solicitation and Exchange Offer for International Sovereign Bonds (ISBs), achieving an extraordinary level of participation from bondholders. This development marks
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The World Bank’s International Debt Report 2024 paints a grim picture of Sri Lanka’s debt challenges, underscoring the nation’s precarious financial position within a global crisis that saw debt servicing costs and
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This story has been updated with additional details as of 14 December 2024. We would like to issue a correction regarding our earlier report on Barrington Global Company. The Colombo District Court
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Uralchem Group has delivered 55,000 tonnes of potash fertiliser to Sri Lanka to support the country’s agricultural sector and strengthen food security. The official handover ceremony in Colombo was attended by Sri
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