Blackstone plans to double its investments in India to $100 billion within five years, with chief operating officer Jonathan Gray describing the country as the firm’s best-performing market and expressing confidence in
Panama has firmly rejected any suggestion that the Panama Canal could revert to United States control, following comments by US President-elect Donald Trump about the high fees charged for its use. President
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Mohammed Saiful Alam, one of Bangladesh’s richest businessmen, has initiated legal proceedings against the government, alleging that its actions have devastated his investments. According to a report by the Financial Times, Alam
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A recent audit by the National Audit Office has uncovered serious mismanagement of media equipment valued at Rs. 1.42 billion, procured for the Presidential Media Division (PMD) between 2015 and 2020. Cameras,
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Investors have poured a record $600 billion into global bond funds this year, betting on a shift towards easier monetary policy by major central banks, according to data from EPFR. This marks
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UK City Minister Tulip Siddiq is facing questions over alleged involvement in a corruption scandal tied to her aunt, former Bangladeshi Prime Minister Sheikh Hasina. Bangladesh’s Anti-Corruption Commission (ACC) is investigating claims
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Extremists are finding new ways to evade online moderation and radicalise young people, with platforms ranging from TikTok to gaming sites like Roblox increasingly serving as recruitment grounds. Moustafa Ayad, executive director
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by Our Economic Affairs Editor The Port of Colombo has achieved a historic milestone, surpassing 7 million twenty-foot equivalent units (TEUs) in container throughput by the end of November 2024, according to
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North Korean-affiliated groups have stolen a staggering $1.34 billion through cryptocurrency hacks in 2024, marking the highest level of digital asset thefts on record. This surge in cyber heists underscores the growing
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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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