Bangladesh has spent an estimated US$4.1 billion in additional costs since late February to cushion the impact of a global energy crisis, placing mounting pressure on Prime Minister Tarique Rahman’s plans to
Sri Lanka is facing a critical juncture in its electricity sector, with industry bodies raising serious concerns over the Draft National Electricity Policy. In a joint submission, the Ceylon Chamber of Commerce,
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Following the dramatic seizure of Venezuelan President Nicolás Maduro on January 3, 2026, Trump’s comments about taking control of Venezuela’s oil industry quickly triggered accusations of “neo-imperialism”. Critics argued that pledges to share profits with
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CEOs from leading Wall Street banks voiced strong support for the independence of the U.S. Federal Reserve on Tuesday, as the Trump administration launched a criminal investigation into Fed Chair Jerome Powell.
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Sri Lanka’s energy sector has been thrust into renewed turmoil after detailed laboratory test results from the Lakvijaya Coal Power Plant revealed that recently imported coal fails to meet multiple technical standards
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Argentina has fully repaid the funds drawn under its $20 billion currency swap with the US Treasury, signaling a significant recovery from the market turmoil that threatened President Javier Milei’s government last
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Nearly 25 percent of Sri Lanka’s population is currently living in poverty, according to surveys highlighted in a new report released by the Poverty Analysis Center in collaboration with ODI Global. Experts
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The overthrow of President Nicolas Maduro has cast a harsh spotlight on Venezuela’s mounting debt crisis, now one of the world’s largest unresolved sovereign defaults. With total external liabilities estimated between $150
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IndiGo, which controls about two-thirds of India’s domestic market, suffered an unprecedented operational breakdown in early December after pilot shortages and software glitches overwhelmed its tightly managed schedules. Thousands of flights were
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For Stephen Jones*, 51, managing his household finances often feels like “financial triage.” After decades of funding private schooling for three children, he is now preparing to cover university costs for his
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Indian states are poised to borrow a record 5 trillion rupees ($55.45 billion) in the January to March quarter, the Reserve Bank of India said on Friday, a move that is expected
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A growing global shortage of memory chips is tightening the electronics supply chain and is likely to make smartphones and personal computers more expensive from 2026, according to new analysis by IDC.
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In the closing days of December 2025, Iran was shaken by its most serious wave of public unrest since the nationwide protests of 2022. The immediate trigger was a dramatic collapse of
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Initial public offerings in the Middle East have fallen more than a third in 2025, marking the weakest year for listings since 2020, as lower oil prices and disappointing performances by newly
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Pakistan’s long-delayed push to privatize its national airline took a decisive step forward on Tuesday after stockbroker Arif Habib Consortium submitted the highest bid of $482 million to acquire a 75% stake
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Editor’s note: The following article is based on an open letter addressed to the President of Sri Lanka by a concerned citizen. A copy of the same letter was received by the
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