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
by Our Diplomatic Affairs Editor The Stockholm International Peace Research Institute (SIPRI) recently unveiled its annual analysis of the global arms industry, revealing a stark reality of escalating militarisation in 2023. With
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by Our Economic Affairs Editor President-elect Donald Trump has vowed to take a hardline stance against the BRICS nations—Brazil, Russia, India, China, and South Africa—over their efforts to reduce dependency on the
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Members of the World Trade Organization (WTO) agreed on Friday to appoint incumbent Director-General Ngozi Okonjo-Iweala to a second term, according to a press release from the organization. The decision was made
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Adani Group’s extensive energy and infrastructure investments across Asia are now under intense scrutiny following the recent indictment of its billionaire founder, Gautam Adani, in a high-profile bribery and securities fraud case.
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by Our Economic Affairs Editor Sri Lanka’s legal and regulatory framework currently faces significant challenges in managing the emergency evacuation of its citizens, particularly migrant workers, in times of crisis. The country’s
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by Xinhua writer Yao Bing In May 2022, nearly two months into my job as a Xinhua correspondent in Egypt, I traveled to Ismailia to cover a job fair at Suez Canal
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Quantum computers, long heralded as the future of computational power, are edging closer to practical application, according to a report published in New Scientist. Recent breakthroughs by leading companies, including IBM, Microsoft,
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There was a tortuous and painful end to COP29, the international climate change conference held in oil-rich Baku, Azerbaijan. The main issue was how much would the rich countries hand over to
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A committee in the US Congress has raised serious concerns about Hong Kong’s role in facilitating money laundering and sanctions evasion, urging Treasury Secretary Janet Yellen to take action. The letter, sent
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The U.S. International Development Finance Corporation (DFC) has issued a statement addressing concerns raised in a report published yesterday by the Sri Lanka Guardian regarding the Colombo West International Terminal (CWIT) project.
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Sri Lanka has officially concluded the long-awaited restructuring of its international sovereign bonds (ISBs), amounting to a total of $12.55 billion, marking a significant step towards stabilizing its economy and improving its
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The immigration issue has split and/or weakened both center and left parties and movements across many nations in recent years. Serious economic and social problems afflicting national working classes have been “managed”—at
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The US International Development Finance Corporation (DFC) has put its proposed $500 million loan to an Adani Group-backed port development project in Sri Lanka on hold, citing ongoing due diligence amidst bribery
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Sri Lanka’s President Anura Kumara Dissanayake has reversed his stance on renegotiating the country’s International Monetary Fund (IMF) bailout, emphasizing the fragility of the economy and the need for continuity in its
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The U.S. Department of Justice has unveiled a sweeping indictment against prominent Indian business mogul Gautam S. Adani and senior executives from his renewable energy conglomerate, accusing them of orchestrating a bribery
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