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
Lars Barstad, CEO of Frontline, the world’s largest publicly listed oil tanker operator, has issued a stark warning about the growing threat posed by unregulated “dark fleet” vessels. Speaking to the Financial
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Canada is positioning itself to reclaim the top spot as the world’s largest uranium producer, driven by a surge in demand for nuclear power and escalating geopolitical tensions. With prices for uranium—the
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by Our Economic Affairs Editor The Port of Colombo has set a new benchmark in 2024, achieving a record throughput of 7,782,776 Twenty-foot Equivalent Units (TEUs), marking the highest performance in its
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Sri Lanka’s infrastructure development, funded through foreign aid, has been marred by significant delays, financial mismanagement, and the abandonment of projects, according to a damning National Audit Report issued in the last
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India’s foreign exchange (forex) reserves have continued their steady decline, falling by $4.112 billion in the week ending December 27, as per the latest data from the Reserve Bank of India (RBI).
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A catastrophic fire tore through Kantamanto Market in Accra, Ghana, one of the largest secondhand clothing markets in the world. The fire, which began on Thursday, decimated up to two-thirds of the
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Have you ever wondered why the world’s most significant conflicts haven’t often been about land or wealth, but about water—specifically, the narrow, strategic passages that govern the flow of global commerce? What
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Pakistani Prime Minister Shehbaz Sharif said on Wednesday that the New Gwadar International Airport in the country’s southwest Balochistan province will unlock immense economic opportunities for Pakistan, an official statement said. Chairing
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Chinese startup NeuroXess on Thursday reported two significant clinical-trial milestones: its flexible brain-computer interface (BCI) device successfully decoded the precise intended movements of one patient with a brain injury in real time,
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Tesla China announced on Friday that its electric vehicle (EV) sales in the Chinese mainland hit a record high of 657,000 units in 2024, up 8.8 percent year on year. Tesla also
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As the global cryptocurrency landscape evolves, Russia is positioning itself as a serious contender for the title of the world’s crypto capital. With strategic policies, abundant resources, and ambitious plans for growth,
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Introduction Sri Lanka known for its biodiversity and strategic location, is increasingly challenged by the global climate crisis. With rising temperatures, extreme weather, and sea-level rise, the country faces disruptions across key
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The People’s Bank of China (PBoC) is poised to undertake a significant transformation in its monetary policy, aligning more closely with the practices of major global central banks like the US Federal
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India has finally undertaken the monumental task of removing toxic waste from the site of the 1984 Bhopal disaster, the worst industrial accident in history. The catastrophe occurred when methyl isocyanate gas
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Gold is expected to continue its upward trend in 2025, with Wall Street analysts predicting a 7% rise in the price of the yellow metal to approximately $2,795 per troy ounce by
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