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
The global economy is facing one of its most severe energy shocks in modern history as the ongoing war between the United States, Israel, and Iran disrupts oil flows at a scale
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Egypt’s President Abdel Fattah al-Sisi on Monday publicly urged U.S. President Donald Trump to intervene and halt the ongoing war in the Gulf, stressing that only the U.S. leader could prevent further
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Larry Fink, Chairman and CEO of BlackRock, the world’s largest asset manager with $14 trillion under management, delivered a stark warning about the global economy amid the ongoing conflict in Iran in
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Eurozone government bonds are experiencing one of their most turbulent months in a decade, with borrowing costs for several countries climbing to multiyear highs as investors react to the economic fallout of
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Govind Tripathi of Gonda never imagined that a modest job offer would upend his life. In early 2024, he was hired by Robin, who promised a stable income and long-term prospects with
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A leading academic has ignited debate in Sri Lanka after revealing that a private oil company operating in the country was able to generate its entire annual profit within just three weeks
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A Democratic-backed proposal aimed at fast-tracking separate funding for the Transportation Security Administration (TSA) failed in the U.S. Senate on Saturday, deepening the country’s airport security crisis. The measure, which sought to
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The foreign ministers of the Group of Seven (G7) countries declared on Saturday that they are prepared to take all necessary measures to safeguard global energy supplies and ensure the security of
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Egypt announced on Saturday that it will pay $1.3 billion in outstanding arrears to international oil companies by June, moving up its previously scheduled repayment timeline. The decision comes as the North
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Sri Lanka is facing the prospect of a steep increase in fuel prices, with a liter of diesel potentially rising to as high as Rs. 600, according to warnings from Dayasiri Jayasekara.
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The dramatic collapse of UK mortgage provider Market Financial Solutions has escalated into an international legal battle, with courts imposing a worldwide freezing order on its owner Paresh Raja amid mounting allegations
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Sri Lanka’s leading business body has urged the government to take coordinated and proactive steps to safeguard the country’s economic stability as global uncertainty intensifies, particularly amid the escalating conflict in the
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In one of Abu Dhabi’s largest malls, martial Emirati music echoed across near-empty corridors. Shop assistants folded trousers with listless efficiency while cleaners mopped floors, their movements almost ceremonial against a backdrop
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Fuel stocks have run out at many fuel stations across Sri Lanka as demand surged across the country, according to reports from local journalists. Long queues began forming at filling stations from
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The government is reportedly preparing to consider the introduction of a four-day work week as part of emergency measures to address the ongoing fuel crisis. The proposal is expected to be discussed
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