Paraguay is undergoing one of the most significant political and financial crises in its recent history. The Central Bank of Paraguay’s intervention in Ueno Bank—following the detection of serious irregularities in its
Finance officials from around the world will gather in Bangkok this week for the annual meetings of the International Monetary Fund (IMF) and World Bank, confronting a combination of war in the
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Sri Lanka’s National Development Bank (NDB) suffered financial losses of approximately Rs 13.6 billion from fraudulent transactions, exceeding its initial disclosures by Rs 400 million, according to findings in a final audit
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RBI Governor Sanjay Malhotra argues that financial stability cannot mean preventing every crisis; it means building a system capable of absorbing shocks before they become systemic. With global debt, stretched asset valuations,
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The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5% on Wednesday, its first increase in nearly four years, as rising inflation and strong economic growth
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Sri Lanka’s garment export earnings fell 7.4% in August 2026 compared with the same month a year earlier, according to export data released by the Central Bank of Sri Lanka. Garment export
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Sri Lanka spent US$4.07 billion on fuel imports during the first eight months of 2026, a 61.6 per cent increase from the US$2.52 billion recorded during the same period last year, according
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US forces are set to leave their last remaining bases in Iraq on Wednesday, ending a military presence shaped by more than two decades of war. Iran and its allies have celebrated
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Political analyst and journalist Kusal Perera has accused President Anura Kumara Dissanayake’s regime of presiding over corruption worth more in two years than the total value he attributes to nine years of
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SriLankan Airlines improved its underlying operating performance in 2024/25, but engine shortages, 487 flight cancellations, falling passenger revenue and LKR 31.6 billion in finance costs pushed the Group into a LKR 2.74
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Sri Lanka has launched a centralised digital human resources management system for the public service as the government prepares to recruit more than 120,000 additional employees this year, according to Public Administration,
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Millions of people across Britain are struggling to afford food as the cost of essentials continues to rise, with a new poll finding that three-quarters of people have worried about food prices
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India’s government has become a central focus of a bitter struggle over the future of Tata, the country’s largest conglomerate, as rival camps lobby senior officials over the leadership of its main
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Volkswagen chief executive Oliver Blume has secured stakeholder backing for his turnaround plan, but the German carmaker now faces difficult negotiations over job cuts and plant closures, alongside unresolved questions about its
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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.
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Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy, Suahasil Nazara, as his replacement, the president’s office said on Monday, Reuters reported. Suahasil, who has served
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