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,
The global ocean economy has expanded to USD 2.5 trillion in 2025, with services now forming the dominant share of ocean-related trade, even as United Nations-linked experts warn that environmental pressures are
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Abandoned Megaprojects Expose China’s Tourism Boom as “White Elephant” Crisis Spreads Across Regions
Across China, a wave of ambitious tourism megaprojects is increasingly stalling or failing to attract visitors, leaving behind unfinished structures and financially burdened local governments. Among the most visible examples is a
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by Our Economic Affairs Editor If you read markets today as anything other than a speculative mirror reflecting its own adrenaline, you are not paying attention—or worse, you are being paid not
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China’s ports have once again dominated global efficiency rankings in 2025, securing seven positions in the top 10 of a worldwide assessment of trade hub performance, according to a study released Wednesday
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Allegations of misconduct involving KPMG’s Australian operations have escalated into a widening scandal that now threatens key government and corporate contracts, following claims of mishandled whistleblower reports and improper use of confidential
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Pakistan’s Ambassador to Russia, Faisal Niaz Tirmizi, on June 4, 2026, at St. Petersburg International Economic Forum (SPIEF), declared an emerging geopolitical reality, stating that Pakistan would be a natural connector between Belt and Road
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China’s producer prices rose for a third consecutive month in May, reaching their highest level since July 2022, as global energy shocks and stronger demand from artificial intelligence-related industries pushed upstream costs
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Asian equities tumbled on Wednesday while oil prices edged higher after a renewed escalation in hostilities between Iran and the United States, raising geopolitical uncertainty and intensifying market focus on upcoming U.S.
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Elon Musk’s SpaceX has attracted more than $250 billion in investor demand for its planned initial public offering, according to people familiar with the matter, marking one of the strongest subscription levels
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BYD Chairman Wang Chuanfu said on Tuesday that he expects the Chinese electric vehicle maker to become the world’s largest automaker within five years, making the statement at the company’s annual shareholder
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The artificial intelligence industry has entered a phase of extraordinary financial acceleration, with leading developers and major technology corporations preparing for a surge of public listings and capital-raising operations that could reshape
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Mexican President Claudia Sheinbaum held a closed-door meeting with J.P. Morgan Chief Executive Officer Jamie Dimon at the National Palace on Tuesday, discussing Mexico’s economic outlook and the future of North American
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A behind-the-scenes power struggle at Honda Motor has surfaced after retired senior executives attempted and failed to remove Chief Executive Toshihiro Mibe over mounting concerns about the company’s strategy in China and
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Sovereign bonds may be on the verge of regaining their traditional safe-haven status if geopolitical tensions linked to the Iran conflict escalate further, according to fund managers and analysts cited by Reuters.
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Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has initiated a significant leadership restructuring across several of its portfolio companies, replacing foreign chief executives with Saudi nationals as part of a
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