Former President and United National Party (UNP) leader Ranil Wickremesinghe has warned that Sri Lanka is heading towards a severe economic crisis, alleging that the current administration is steering the country towards
India is facing mounting inflation risks as an intense heat wave and forecasts of below-normal monsoon rains add fresh economic pressure to an already strained environment marked by high energy costs. With
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Brazil is confronting a mounting household debt crisis that has left millions of families struggling to stay afloat in an economy marked by inequality, high borrowing costs, and aggressive financial expansion. According
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The head of luxury conglomerate LVMH has issued a stark warning that the escalating conflict in the Middle East could spiral into a “global catastrophe,” threatening both economic stability and the recovery
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The air campaign that once defined the escalation between the United States, Israel, and Iran has faded into a tense and unstable cease-fire. Yet what has followed is not peace, but a
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Two-thirds of Singapore businesses surveyed by the Singapore Business Federation (SBF) say they have been “moderately to severely” affected by the ongoing Iran war, as global geopolitical tensions continue to drive up
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The World Trade Organization’s latest ministerial meeting, held last month in Yaounde, ended not with a breakthrough but with a familiar and troubling outcome: deadlock. Once envisioned as the cornerstone of a
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The economic aftershocks of the recent US-Israel war with Iran are rapidly coming into focus, with a new analysis projecting a staggering regional repair bill of up to $58 billion. According to
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The concentration of wealth in the 21st century has reached levels so extreme that even comparisons to America’s Gilded Age fall short, according to economist Joseph Stiglitz. Speaking in an interview reported
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Sri Lanka’s political landscape was dramatically reshaped in 2024, when a wave of public anger born out of economic collapse propelled President Anura Kumara Dissanayake and his National People’s Power (NPP) coalition
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It is ironic that the JVP-NPP government is now defending tainted ministers and downplaying corruption in the Parliament it came to power promising to clean up. A few weeks ago, it vehemently
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