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
On April 3, 2024, Disney CEO Bob Iger officially fended off the attempt by institutional investor Nelson Peltz and his hedge fund Trian Partners to secure two board seats. During the affair, Disney faced pressure from
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In a significant move aimed at revitalizing the operations of the Chinese-built Mattala Rajapaksa International Airport, the Sri Lankan Cabinet has greenlit the transfer of management rights to two prominent entities from
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We have over the past few days been busy finding out what we know so far about Israel’s strike on Isfahan, Iran; or about whether the “Boats Bill” of Rwanda repatriation, will
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The International Monetary Fund (IMF)’s fiscal chief has warned that fiscal expansion is dominating the political discourse in the biggest-ever election year, calling for a durable and credible fiscal tightening to safeguard
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UN Secretary-General Antonio Guterres on Monday called for the “wholesale reform” of the global financial architecture and specifically, its approach to debt. He made the appeal at a high-level thematic debate on
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Traditional societies usually had restrictions to prevent self-support land from being alienated outside of the family or clan. By holding that the essence of private property is its ability to be sold
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The Saudi Tourism Ministry announced on Saturday that the kingdom witnessed a record-high spending by inbound visitors in 2023, totaling 135 billion Saudi Riyals (36 billion U.S. dollars). In a post on
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China matters a lot for the rest of Asia, given its pivotal role in global manufacturing and innovation, a business leader has said. Home to the world’s leading regional trade agreements such
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The ongoing annual conference of the Boao Forum for Asia has sent a strong signal that Asia’s economy remains promising despite challenges and uncertainties worldwide. Themed “Asia and the World: Common Challenges,
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Vietnam’s fruit and vegetable export revenue hit 1.25 billion U.S. dollars in the first three months of this year, which is the first time the value exceeded 1 billion dollars right in
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The International Monetary Fund (IMF) announced on March 21, 2024, that it has reached a staff-level agreement with Sri Lanka regarding the next phase of financial assistance, granting access to $337 million
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Egyptians are being hit with another round of price increases at the end of March 2024, less than three weeks after their government implemented further economic “reforms.” The policy changes were put in place
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India’s foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended March 15, the country’s central bank has reported. This was the fourth straight week with
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The IMF team is in Colombo for the Second Review of the ongoing Extended Fund Facility (EFF) loan agreement with Sri Lanka and will meet with some civil society organisations and think tanks
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In a remarkable advancement in artificial intelligence (AI) research, a team of scientists from the University of Geneva has achieved a breakthrough where two AI systems engaged in unprecedented linguistic communication. Their
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