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
At the heart of Huawei’s electric vehicle (EV) division in Shenzhen, a massive screen narrates a profound shift in human mobility: from horses to cars, and now from internal combustion engines to
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Argentina’s economy has officially emerged from recession, with GDP expanding by 3.9% in the third quarter of 2024 compared to the previous quarter, marking a critical milestone for President Javier Milei’s administration.
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Nigerian anti-corruption officials have arrested 792 people, including 148 Chinese and 40 Filipinos, in a raid on a luxury office building in Lagos that investigators say was a hub for romance and
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Sri Lanka’s recent restructuring of $12.55 billion in international bond debt has sparked considerable controversy, particularly due to the introduction of a set of unprecedented financial instruments. The government’s new bonds are
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by Our Economic Affairs Editor A latest report by the International Monetary Fund (IMF) highlights pressing concerns about Sri Lanka’s public debt management systems, underscoring critical deficiencies in the nation’s legal and
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A global mental health crisis is taking a severe toll on workplaces worldwide, with the financial services sector emerging as one of the hardest-hit industries, according to research and experts cited by
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The rapid adoption of generative AI tools like OpenAI’s ChatGPT is transforming workplaces, but employees’ use of the technology often remains hidden due to a lack of clear corporate guidelines. According to
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A dramatic saga of corporate espionage involving drones, alleged assaults, and trespassing has drawn attention to the unregulated world of private investigations. According to a report in The Sunday Times, the harassment
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Coffee, one of the world’s most beloved beverages, has a rich history that spans centuries and continents. Originating in the highlands of Ethiopia, coffee began its global journey in the 15th century
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When I served as Finance Minister, we faced one of the gravest financial crises in our nation’s history. Our reserves were depleted, our credit ratings were in freefall, and we had lost
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Sri Lanka’s Ministry of Finance announced the successful completion of its Consent Solicitation and Exchange Offer for International Sovereign Bonds (ISBs), achieving an extraordinary level of participation from bondholders. This development marks
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The World Bank’s International Debt Report 2024 paints a grim picture of Sri Lanka’s debt challenges, underscoring the nation’s precarious financial position within a global crisis that saw debt servicing costs and
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A groundbreaking development in medicine is emerging as drugs initially designed for diabetes and weight loss show potential for treating addiction and other chronic conditions. Physicians and researchers are reporting encouraging results
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Online shopping often involves endless options and fleeting discounts. A single search for running shoes can yield hundreds of results across multiple platforms, each promising the “best deal.” The holiday season brings
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The long-sidelined ambition to construct a multi-billion-dollar natural gas pipeline from Qatar to Europe via Turkey might be back on the table, following the dramatic fall of Syria’s Bashar al-Assad. A plan
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