While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
Rio Tinto, the Anglo-Australian mining giant, has reported a 7% decline in underlying earnings for 2024, largely due to falling iron ore prices and inflationary pressures. The company, which is one of
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In an era where sustainability is quickly becoming a global priority, a new wave of innovation in textiles aims to eliminate the environmental cost of one of the most common and beloved
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Mira Murati, the former Chief Technology Officer at OpenAI, has officially launched a new artificial intelligence start-up aimed at democratizing the understanding and capabilities of AI technology. The company, named Thinking Machines
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Silver Lake, a prominent US private equity group, is in negotiations to acquire a majority stake in Intel’s Altera unit, marking a significant move as the chipmaker seeks to offload non-core assets
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Microsoft has announced a major breakthrough in its 20-year pursuit of an elusive particle, claiming to have harnessed a new state of matter to create the building blocks of a practical quantum
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Google has unveiled a new artificial intelligence laboratory assistant designed to accelerate biomedical research. The AI “co-scientist” tool helps researchers identify knowledge gaps and generate scientific hypotheses, potentially speeding up the pace
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In a calculated move to restore investor confidence and reassure the private sector, Chinese President Xi Jinping recently held a high-profile meeting with leading entrepreneurs. The event signaled a shift in Beijing’s
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The Ceylon Chamber of Commerce welcomes bold proposals in the budget that align with its recommendations, Sri Lanka Economic Summit discussions, and Vision 2030 goals. The 2025 Budget focuses on stability, governance,
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Meta Platforms, the parent company of Facebook and Instagram, has regained its position as a Wall Street favorite, fueled by growing optimism about its AI investments. According to The Times UK, Meta’s
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Russia and India have formalized a new defense logistics agreement, marking a significant step in deepening their military cooperation. The Reciprocal Exchange of Logistics Agreement (RELOS) was signed on Tuesday following a
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Phenix Lumber Co. in Phenix City, Alabama, earned the grim title of the deadliest workplace in America, with the highest rate of fatal workplace incidents per worker from 2019 to 2023, according
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The legal battle surrounding the 2021 acquisition of Frank, a student loan start-up founded by Charlie Javice, has escalated into a high-stakes courtroom drama. Javice, 31, stands trial this week on charges
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by Luxman Aravind Sri Lanka’s economic catastrophe has been an apocalyptic warning of what unfettered fiscal mismanagement, political expediency, and economic illiteracy can result in. The policies of successive governments have created
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by Our Economic Affairs Editor President Anura Kumara Dissanayake’s 2025 Budget Speech paints a grand vision of economic transformation, promising prosperity, stability, and justice for the Sri Lankan people. However, beneath the
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The South is blamed for slavery. One encounters this false association, the product of decades of demonization of the South, everywhere, even in books about the assassination of President McKinley in 1901 in
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