Saudi Arabia has temporarily shut its 1,200-kilometre East-West oil pipeline after a drone attack damaged the vital crude conduit, adding to mounting disruptions to energy flows across the Middle East as the
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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