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
Asian stock markets traded lower in volatile conditions on Tuesday as concerns over the stability of Middle East ceasefire efforts offset growing enthusiasm surrounding the artificial intelligence sector. According to Reuters, investors
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Indo-Pacific countries are rapidly expanding defence cooperation and military capabilities as they respond to China’s growing military power and shifting perceptions of long-term United States engagement in the region, signalling a gradual
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Archbishop of Colombo, Malcolm Ranjith, has issued a sharp critique of Sri Lanka’s long-standing open economic model, urging authorities to reconsider the direction of national policy. Speaking to the media, he argued
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In March 2026, the European Commission’s Competition Directorate concluded a landmark probe into Google, recommending fines exceeding one billion euros for systemic breaches of the Digital Markets Act. The penalty, however, was
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More than sixty years ago, Indonesia’s first president, Sukarno, warned that political independence meant little without economic sovereignty. In his famous Trisakti doctrine, announced during the 1964 Independence Day speech, Sukarno argued that a
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Brazil is preparing to restart oil drilling in the Amazon Basin after a ten-year pause, marking a major shift in environmental and energy policy under President Luiz Inácio Lula da Silva. The
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For decades, Sri Lanka’s economic trajectory has been severely constrained by a persistent structural vulnerability: the twin deficits. The country has simultaneously run a chronic fiscal deficit and a structural trade deficit,
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A senior official of the Reserve Bank of Australia has delivered a stark assessment of how renewed conflict in the Middle East is reshaping the global inflation landscape and feeding directly into
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Lambs have returned to Moroccan streets in recent days, marking the revival of the Eid al-Adha ritual after a rare suspension ordered last year by King Mohammed VI due to severe drought.
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by Our Correspondent in Colombo The Central Bank of Sri Lanka has sharply increased its Overnight Policy Rate (OPR) by 100 basis points to 8.75% today, signaling growing concern over inflationary pressures
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by Our Correspondent in Colombo Sri Lanka is once again facing growing fears of financial instability as a sharp expansion in the country’s money supply raises alarm among economists, market analysts, and
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At a time when central banks across the world are grappling with war-driven energy shocks, volatile inflation and slowing growth, Reserve Bank of India Governor Sanjay Malhotra has delivered a strong defence
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US federal prosecutors are examining valuation practices at a private credit fund managed by BlackRock, marking a new escalation in regulatory scrutiny of the fast-growing private credit sector. According to people familiar
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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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