The BRICS Business Council has announced plans to establish a logistics hub in the United Arab Emirates (UAE), a decision that could significantly reshape global trade dynamics among its member nations and
Lars Barstad, CEO of Frontline, the world’s largest publicly listed oil tanker operator, has issued a stark warning about the growing threat posed by unregulated “dark fleet” vessels. Speaking to the Financial
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Canada is positioning itself to reclaim the top spot as the world’s largest uranium producer, driven by a surge in demand for nuclear power and escalating geopolitical tensions. With prices for uranium—the
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by Our Economic Affairs Editor The Port of Colombo has set a new benchmark in 2024, achieving a record throughput of 7,782,776 Twenty-foot Equivalent Units (TEUs), marking the highest performance in its
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Sri Lanka’s infrastructure development, funded through foreign aid, has been marred by significant delays, financial mismanagement, and the abandonment of projects, according to a damning National Audit Report issued in the last
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India’s foreign exchange (forex) reserves have continued their steady decline, falling by $4.112 billion in the week ending December 27, as per the latest data from the Reserve Bank of India (RBI).
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A catastrophic fire tore through Kantamanto Market in Accra, Ghana, one of the largest secondhand clothing markets in the world. The fire, which began on Thursday, decimated up to two-thirds of the
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Have you ever wondered why the world’s most significant conflicts haven’t often been about land or wealth, but about water—specifically, the narrow, strategic passages that govern the flow of global commerce? What
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Pakistani Prime Minister Shehbaz Sharif said on Wednesday that the New Gwadar International Airport in the country’s southwest Balochistan province will unlock immense economic opportunities for Pakistan, an official statement said. Chairing
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Chinese startup NeuroXess on Thursday reported two significant clinical-trial milestones: its flexible brain-computer interface (BCI) device successfully decoded the precise intended movements of one patient with a brain injury in real time,
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Tesla China announced on Friday that its electric vehicle (EV) sales in the Chinese mainland hit a record high of 657,000 units in 2024, up 8.8 percent year on year. Tesla also
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