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
OpenAI is projected to face a staggering loss of up to $5 billion this year, driven by the immense costs associated with running its AI products like ChatGPT. This financial strain has
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The seventh meeting of the Committee of Permanent Representatives to ASEAN kicked off in Lao capital Vientiane to review the progress of ASEAN Community building efforts, external relations, and preparations for upcoming
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“The true administration of justice is the firmest pillar of good government.” – George Washington Recently, I wrote two articles in this journal. One was on the ongoing saga of a manufacturer
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Karwar, India – A newbuild containership chartered by Maersk has encountered a significant cargo fire in the Arabian Sea, approximately 50 nautical miles off the coast of Karwar, India. The Indian Coast
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When President Joe Biden said in a phone call to MSNBC’s Morning Joe recently, “I’m getting so frustrated with the elites… the elites of the party. I don’t care what the millionaires
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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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