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.
Editorial The death of the former Chief Executive Officer of SriLankan Airlines has unfortunately shifted public attention away from what should have become a national outrage demanding immediate resignations and criminal accountability.
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Sri Lanka’s devastating economic collapse of 2022 has become more than a national tragedy. It is increasingly being viewed as a warning to developing economies worldwide about the dangers of weak institutions,
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China’s industrial sector has recorded its fastest factory-gate inflation increase since the post-Covid period, with producer prices rising 2.8% in April compared to a year earlier, according to data cited by Bloomberg
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A mounting aviation dispute has erupted between European Union regulators and airlines over passenger compensation rules, as soaring jet fuel costs and widespread flight cancellations put the region’s air transport system under
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The International Monetary Fund has issued a sharp warning to European Union governments over their handling of energy subsidies, arguing that broad-based fuel and energy support measures could deepen fiscal risks and
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The continued closure of the Strait of Hormuz has unleashed what analysts describe as the largest oil supply shock in history, shutting in more than 10 million barrels per day of crude
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by Our Correspondent in Colombo A deepening financial scandal in Sri Lanka has erupted into national controversy after it was revealed that HSBC Bank issued multiple warnings over a suspicious $2.5 million
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India is preparing for a major shift in how real estate bankruptcies are handled, after a top committee under the Insolvency and Bankruptcy Board of India (IBBI) recommended a project-by-project resolution framework
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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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Asian refiners are increasingly turning to U.S. crude in an urgent bid to secure fuel supplies as disruption in the Middle East reshapes global oil trade, according to reporting by Bloomberg. Oil
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Goldman Sachs suffered significant setbacks in its fixed-income trading business after being caught off guard by the market turmoil triggered by the Iran war, according to a report by the Financial Times.
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A fresh global shock is rippling across some of the world’s most vulnerable economies, threatening to undo years of fragile recovery and pushing millions closer to financial hardship. As reported by Reuters,
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Brazilian billionaire Alberto Safra, son of the late Joseph Safra—once hailed as the “world’s richest banker”—has won a review of more than $35 million in legal fees charged by US law firm
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Sri Lanka’s banking sector has been shaken by a massive internal fraud at National Development Bank PLC, with losses now estimated at up to Rs 13.2 billion, triggering widespread concern over governance
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Jamie Dimon, chief executive of JP Morgan, has sounded a stark warning about the growing risks in private credit, signaling that the industry may be far more vulnerable than investors realize. In
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