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
Palm oil is one of the most used vegetable oils in the world and is found in a large variety of packaged products, from shampoos and lipstick to cookies and frozen pizza. Unfortunately, the
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Companies, banks, and airlines around the world have been hit by a massive IT outage linked to Microsoft services. The incident has left businesses grappling with significant disruptions, causing widespread inconvenience and
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Sri Lanka’s macro-linked bonds (MLBs) are, in fact, not really macro-linked bonds. After 2027, they are standard fixed-income instruments which provide no help in the event of future shocks. The final restructuring terms are
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Chinese billionaire Guo Wengui has been convicted of racketeering conspiracy and defrauding his online followers of over $1 billion. The decision, delivered unanimously by a jury after days of deliberation, marks a
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U.S. Democratic Senator Bob Menendez, who was accused of receiving hundreds of thousands of dollars in bribes, including cash, gold bars and a Mercedes-Benz, was found guilty on all counts Tuesday in
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The International Monetary Fund (IMF) on Tuesday revised China’s 2024 economic growth up to 5 percent in an update to its World Economic Outlook (WEO), from the 4.6-percent forecast in April. The
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The Issue On Thursday, July 11, the United States Senate announced that Boeing CEO Dave Calhoun must appear before the committee again as they draft legislation aimed at enhancing the US Federal
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India’s foreign exchange (forex) reserves reached an all-time high of 657.155 billion U.S. dollars during the week ended July 5, according to weekly data released by the country’s central bank, the Reserve
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Mukesh Ambani, a renowned Indian industrialist and reputedly the richest person in India and one of the wealthiest in the world, has recently conducted his son’s wedding celebration in Mumbai with unprecedented
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Capital Metals (AIM: CMET), a leading mineral sands company focused on the Eastern Minerals Project in Sri Lanka, has announced a significant milestone in its mine development journey. The company has secured
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The Suez Canal transit receipts decreased by 57.2 percent to register 959.3 million U.S. dollars in the first quarter of 2024, according to a statement released on Monday by the Central Bank
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The prices of eggs, a staple in American households and among the most volatile grocery items, are soaring once again as bird flu hits chicken flocks across the United States. Consumers like
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Driving towards Payra Port, Bangladesh’s third-largest port, a 220-meter high cooling tower can be seen standing tall within the plant area from a distance. This plant area is home to Bangladesh’s largest
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Sri Lanka’s earnings from tourism rose to over 1.5 billion U.S. dollars in the first six months of 2024, a 77.9-percent increase year on year, the Central Bank of Sri Lanka (CBSL)
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Pakistan has achieved a significant milestone in agricultural sector with agro-exports reaching an unprecedented 8 billion U.S. dollars mark for the first time in previous fiscal year from July 2023 to June
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