Sri Lanka’s trade deficit widened by 69% in the first seven months of 2026, exceeding US$6.5 billion, as a sharp rise in import expenditure far outpaced the modest growth in export earnings,
Sri Lanka’s trade deficit widened by 69% in the first seven months of 2026, exceeding US$6.5 billion, as a sharp rise in import expenditure far outpaced the modest growth in export earnings,
More
A significant discrepancy has emerged between a population figure published by Sri Lanka’s Central Bank for the Northern Province and the latest official census data issued by the Department of Census and
More
Advanced Micro Devices has agreed to acquire artificial intelligence startup World Labs for $8.2 billion, adding a team of prominent AI researchers and its technology to the chipmaker’s expanding portfolio. The all-stock
More
China’s State Council has called for stronger countercyclical economic policies and encouraged local governments to pilot measures aimed at increasing domestic consumption as Beijing responds to slowing growth and weak consumer demand.
More
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
More
Australia’s largest gold producer, Northern Star Resources, has rejected a A$39bn ($27bn) takeover offer from South Africa’s Gold Fields, blocking a proposed combination that would have created the world’s second-largest gold miner.
More
Southeast Asian businesses are looking to China’s newly opened Pinglu Canal to reduce transport bottlenecks and provide direct access to markets deep inside the country, but officials and analysts warn that the
More
Over three decades, China has transformed from a relatively poor economy into the world’s largest economy by purchasing power parity, overtaking both the United States and the European Union. In 1990, China’s
More
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
More
Jane Street is set to double its London office space after outgrowing its existing premises near Liverpool Street during a period of rapid growth for the specialist trading firm. The company has
More
HSBC has moved a board meeting scheduled for Dubai this month to London amid continuing security concerns linked to the conflict involving Iran, according to people familiar with the decision. Board members
More
An International Monetary Fund (IMF) staff team has concluded discussions with Sri Lankan authorities on the country’s seventh review under its Extended Fund Facility (EFF) arrangement and the 2026 Article IV Consultation,
More
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding, plans to open data centres in Turkey, Finland and the Netherlands over the next 12 months as it accelerates its international expansion
More
China is promoting long-term, value-focused investing as it seeks to reshape its roughly US$4.5 trillion mutual fund industry and attract foreign investors, with the approach gaining renewed attention following Warren Buffett’s departure
More
Sri Lanka’s Cabinet has approved the award of a major aviation fuel infrastructure contract to China Petroleum Pipeline Engineering Company Limited, covering the construction of facilities to transport aviation fuel from Muthurajawela
More