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Business - Page 2

Comprehensive coverage of Sri Lanka and global business, markets, finance, and economic trends.

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October 14, 2026
Business

Blackstone targets $100 billion India investment as Gray backs long-term growth

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

Business

JPMorgan blocks outside AI agents from customer accounts over security risks

JPMorgan Chase is restricting external artificial intelligence agents from accessing its systems, with chief executive Jamie Dimon warning that the technology presents heightened security risks and could leave customers liable for unwanted transactions. Speaking during an earnings call on Tuesday,

October 14, 2026

Character.AI bankruptcy filing reveals $10.6 million owed to creditors

Business/Judiciary

Artificial intelligence startup Character.AI owes more than $10.6 million to its 20 largest unsecured creditors, including Google and five prominent law firms, according to

OpenAI says AI helped identify employee accused of planting hidden recording device

Business

OpenAI said it used its artificial intelligence models to identify an employee suspected of planting a concealed recording device in one of its offices,

Nepal Orders Riverbank Evacuations After Landslide Triggers Major Flood

October 11, 2026
Business/Human Rights

Nepali authorities on Sunday urged residents living along riverbanks in several districts to move to safer locations after a major flood triggered by a landslide swept away houses and infrastructure in central

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US Sanctions Threaten International Criminal Court, Putting Japan’s Takaichi in Diplomatic Bind

October 10, 2026
Business

Japanese Prime Minister Sanae Takaichi has expressed deep concern after US President Donald Trump’s administration imposed fresh sanctions targeting the International Criminal Court (ICC), escalating a campaign against the Hague-based tribunal and

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Port of Los Angeles Records Busiest Quarter as US-China Trade Uncertainty Persists

October 10, 2026
Business

The Port of Los Angeles, the largest container port in the United States and the country’s leading gateway for imports from China and other Asian economies, recorded its busiest three-month period on

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China Targets Five Billion-Dollar Innovative Drugs by 2030 as Biotech Industry Expands Globally

October 10, 2026
Business

China is seeking to establish at least five innovative pharmaceutical products with annual global sales exceeding US$1 billion by 2030, an ambitious goal that reflects the country’s growing influence in biotechnology and

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China and EU Reach Understanding to Halve Hybrid Car Exports Amid Trade Tensions

October 10, 2026
Business

China and the European Union have reached an understanding to reduce Chinese hybrid electric vehicle exports to the European market by more than half, according to statements following marathon trade negotiations in

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Mercedes Workers’ Leader Warns Cost-Cutting Threats Risk Undermining Trust

October 9, 2026
Business

Mercedes-Benz workers’ representative Ergun Lümali has warned that threats of factory closures and demands for employee concessions risk damaging trust between management and the workforce, as the German carmaker seeks to reduce

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BaFin Fines Volkswagen €1.2 Million Over Financial Disclosure Breach

October 9, 2026
Business

Volkswagen has been fined €1.2 million by Germany’s Federal Financial Supervisory Authority (BaFin) for failing to meet mandatory financial disclosure requirements after issuing an earnings forecast for 2023 that significantly exceeded market

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US Diplomat Says Markets Overstate Risk of China Attacking Taiwan by 2027

October 9, 2026
Business

Investors are overestimating the risk of a military conflict across the Taiwan Strait, a senior US diplomat has said, arguing that deterrence and the prospect of substantial consequences would prevent China from

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Elon Musk Challenges Mukesh Ambani Over Starlink Delay in India, Sparking Political Row

October 9, 2026
Business

Elon Musk has publicly challenged Indian billionaire Mukesh Ambani over delays in launching SpaceX’s Starlink satellite internet service in India, accusing powerful business interests of obstructing competition in one of the world’s

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Britain Closes Historic Jerusalem Consulate After Israeli Pressure Over Settlement Sanctions

October 9, 2026
Business

Britain has formally closed its nearly 200-year-old consulate in East Jerusalem following pressure from Israel, marking a new low in relations between the two countries over British sanctions against Israeli settlements in

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Eritrean Troops Reportedly Enter Ethiopia, Raising Fears of Renewed Horn of Africa War

October 9, 2026
Business

Reports that Eritrean troops have crossed into Ethiopia and advanced towards the northern region of Tigray have heightened fears of a renewed war in the Horn of Africa, following warnings from the

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Airlines Could Become Early-Warning System for Russian Plague Threat

October 8, 2026
Business

Airlines and airports could play a significant role in detecting and containing a potential outbreak of pneumonic plague linked to a lab technician’s death in Russia, drawing on public-health measures developed during

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Trump Says Russian Plague Death Is Not Believed to Be a Bioweapon

October 8, 2026
Business

President Donald Trump said on Wednesday that US officials did not believe the reported death of a Russian laboratory worker was connected to a bioweapon, while calling for more information from Moscow

More

Musk Accuses ‘Oligarchs’ of Blocking Starlink’s India Launch

October 8, 2026
Business

Elon Musk has accused unnamed “oligarchs” of obstructing Starlink’s commercial launch in India, claiming the satellite internet service is being prevented from operating to preserve a “monopolistic chokehold” over the country’s internet

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China’s Export Boom Faces a Potential Ceiling as Trading Partners Struggle to Absorb More Goods

October 8, 2026
Business

China’s export engine retains room to expand, but its longer-term prospects may increasingly depend on whether overseas economies can generate enough growth to absorb rising volumes of Chinese products. A Goldman Sachs

More
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The Sri Lanka Guardian is an online newspaper founded in August 2007 by a group of concerned Sri Lankan citizens including journalists, activists, academics and retired civil servants. Sri Lanka Guardian has registered as an online newspaper in the Government of Sri Lanka. This portal is currently a platform for over seven hundred regular writers from around the world. We are an independent and nonprofit. Email : editor@slguardian.org
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