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
The global shipping industry is experiencing a significant shift in vessel demand, with shipowners moving away from ordering the massive container ships that once defined the boom in global trade. According to
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In mid-December, two jubilant groups came together to celebrate their recent, interconnected turns in fortune: the cryptocurrency industry and the family of the victorious US president-elect, Donald Trump. Eric Trump, the second
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Tesla, the world’s largest electric vehicle (EV) manufacturer, has reported its first annual decline in vehicle deliveries since 2011, signaling increasing pressure from Chinese competitors and shifting market dynamics. The company delivered
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The Significance On 7 June 2024, the General Assembly of the United Nations, acknowledging the transformative potential of quantum science and technology, declared 2025 as the International Year of Quantum Science and
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The Sri Lankan government has announced new restrictions on marketing food and beverages to children, effective January 1, 2025, under the Food (Labelling & Advertising) Regulations 2022. The Ceylon Chamber of Commerce,
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It is vital to restart the World Trade Organization (WTO), including its arbitration function, and enhance the role of developing economies in international financial institutions, Russian President Vladimir Putin underscored at the
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The number of active US venture capital (VC) firms has plummeted by more than 25% since its peak in 2021, reflecting a major shift in the industry as financial backers increasingly concentrate
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North Korean leader Kim Jong-un has unveiled the Wonsan Kalma beach resort, a sprawling new tourist destination on the country’s east coast, as North Korea prepares to reopen its borders for tourism
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Donald Trump’s threat to seize the Panama Canal and the Houthis’ disruption of commercial shipping via the Suez to the tune of $7 billion in 2024 reminded the world of the significance
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Hungary is set to forfeit €1.04 billion ($1.07 billion) from its frozen European Union funds, the Financial Times reported on Tuesday. The lost funds are part of €6.3 billion withheld by Brussels
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China is ramping up its efforts to challenge Boeing and Airbus’s dominance in the global aviation market, using its state-developed C919 passenger jet as a flagship project. The C919, a centerpiece of
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IBM has announced its ambitious plan to develop the largest quantum computer to date, targeting a groundbreaking new qubit record in 2025. By linking multiple smaller quantum processors into a single, modular
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The Venezuelan Supreme Court has fined TikTok $10 million in response to dangerous challenges circulating on the platform, which were linked to the tragic deaths of three adolescents. The fine, announced by
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Maritime choke-points are essential to global trade, acting as vital corridors for the movement of goods and energy resources. Their strategic positioning also makes them tools of geopolitical influence, often shaping the
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Gas prices in Europe have shot up to $536 per 1,000 cubic meters during ICE trading, the highest since November 27, 2023, amid expectations of halted Russian gas transit through Ukraine starting
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