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
Each year, AI inches closer to the sci-fi visions we once only imagined. In 2024, it delivered breakthroughs that are transforming industries, saving lives, and going beyond what we thought was ever
More
Electric vehicles (EVs) are expected to outsell traditional internal combustion engine (ICE) vehicles in China for the first time next year, marking a historic turning point for the world’s largest car market.
More
Updated details of the Incident: An Azerbaijan Airlines Embraer 190 flight bound for Grozny, Russia, crashed during an emergency landing in Aktau, Kazakhstan, resulting in 29 survivors out of 67 passengers and
More
El Salvador’s lawmakers have voted to overturn a controversial ban on metal mining, signaling a new direction for the country’s economic future despite widespread opposition from environmental and religious groups. The ban,
More
The European Union (EU) is depleting its natural gas reserves at the fastest pace since the energy crisis of 2021, driven by colder weather and a reduction in seaborne liquefied natural gas
More
Panama’s President Jose Raul Mulino on Sunday dismissed recent threats made by U.S. President-elect Donald Trump to retake control of the Panama Canal, reaffirming that “the sovereignty and independence” of Panama are
More
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
More
OpenAI has introduced its most advanced AI model yet, named O3, a day after Google unveiled its own innovative model, Gemini 2.0 Flash Thinking. This new release highlights the intensifying competition between
More
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
More
Argentina is turning to small modular reactor (SMR) technology and private U.S. investment to modernize its nuclear energy sector, a bold move signaling a pivot away from a previously planned Chinese-backed nuclear
More
The Republicans (GOP), traditionally the U.S.’s anti-tax party, now promise to use tariffs to wage trade wars, to massively deport immigrants, and to stop drug traffic. But tariffs are simply the name
More
An algorithm, at its core, is a finite set of well-defined instructions or rules designed to perform a task or solve a problem. It is a systematic approach to processing information, often
More
Sri Lanka, with approximately 1.2 million hectares allocated for paddy cultivation during the Maha and Yala seasons, depends heavily on its agricultural sector for food security. Despite favourable conditions in the 2023
More
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
More
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
More