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
“The metaverse is best understood as the shift of computing and interaction from a device in your pocket into a virtual simulation.” ~ Matthew Ball The word “metaverse” has been with us
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For the first time after 30 years, Sri Lanka will start exporting ilmenite from Trincomalee port. This ilmenite export to China will start today. Sri Lankan Ports Authority has announced that a
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The Federal Reserve ( FR) has a long record of mistaken decisions. Unless the Federal Reserve’s intent is to collapse the economy, the current policy of higher interest rates will go down as
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Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through USAID, will provide an additional estimated $65 million (more
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The price of electricity has risen astronomically in Europe over the last two years: by four times over the previous year and 10 times over the last two years. The European Union
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Today in Sri Lanka, Administrator Samantha Power announced an additional $20 million in humanitarian assistance to support Sri Lankans during the complex emergency that has resulted in a severe economic crisis leaving
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Sri Lanka’s debt crisis, which led to political upheaval and change of government, is the result of debt accumulation, domestic policy dysfunction and external shocks. Sri Lanka has long relied on external
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Thirty-seven newly installed state ministers to run bankrupt Sri Lanka have urged to allocate 296 government vehicles, fuel and drivers to serve the vehicles, according to highly placed government sources. Sources confirmed
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The world’s largest container shipping company, the MSC, began in mid-2022 to re-route its vessels passing by Sri Lanka, on a new course that is approximately 15 nautical miles to the south
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Plots of land in the Colombo Port City have been allocated for foreign investors, but it is reported that only six plots have been acquired by the investors so far. “74 plots
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