For decades, Sri Lanka’s national airline has occupied an uneasy place in the country’s public life: a source of national pride on one hand and a continuing financial burden on the other.
The chairman of Lloyd’s of London confronted the then chief executive, John Neal, nearly two years ago over allegations of a workplace affair, raising renewed concerns about the handling of an executive-level
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Tata Group is facing its most serious internal conflict in years as a feud intensifies between the founding Tata family and key shareholders over whether to list Tata Sons, the conglomerate’s unlisted
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Singapore police have carried out one of the country’s most sweeping financial crime operations in years, confiscating hundreds of millions of dollars in assets — including luxury cars, a yacht and extensive
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China is bracing for its longest slowdown in consumption growth since the post-Covid rebound began to fade more than four years ago, revealing the gap between the government’s pledges to boost domestic
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by Our Economic Affairs Editor The 2026 Budget tabled by Finance Minister Anura Kumara Dissanayake arrives amid perhaps the most delicate balance in Sri Lanka’s post-independence economic history. Having emerged from the
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Nearly one-third of solicitors’ firms in England and Wales have breached anti-money laundering (AML) rules in the past year, according to new figures from the Solicitors Regulation Authority (SRA). As reported by
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Asia’s key manufacturing hubs showed signs of slowdown in October, as weak demand from the United States and trade tensions under President Donald Trump continued to weigh on factory activity, according to
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by Our Correspondent in Colombo Sri Lanka’s government debt climbed sharply in the first half of 2025, raising concerns over fiscal stability and economic sustainability. According to the Weekly Economic Indicators Report
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Boeing (BA.N) announced on Wednesday that the first delivery of its long-delayed 777X jet has been pushed to 2027, Reuters reports, and the company recorded a nearly $5 billion charge related to
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Artificial intelligence is no longer just transforming the workplace—it is replacing it. A new report highlighted by The Times UK has warned that AI and automation are poised to take over a
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Pakistan’s central bank governor has said inflation is expected to hold steady in the coming months, though the prospect of further interest-rate cuts will depend on the economic fallout from recent floods
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Argentina is facing a mounting financial crisis as President Javier Milei battles an unprecedented run on the peso fueled by highly inventive local currency traders. According to a report in the Financial
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An auction of nearly one million carats of diamonds in Botswana has collapsed, the latest sign of turmoil in the global precious stones trade. The failed sale underscores the growing challenges faced
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Lufthansa is preparing to unveil several thousand job cuts on Monday during its first company-wide capital markets day in six years, as Europe’s largest airline by sales seeks to reassure investors of
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The eagerly awaited Performance Report of the Inland Revenue Department (IRD) for 2024 has recently been published. It offers some context regarding the IRD’s tax collections. There is room for wider disclosure
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