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,
Credit markets across Asia are emerging as a major magnet for global capital as they continue to outperform US bond markets, according to new analysis from JPMorgan Chase. Despite ongoing geopolitical volatility
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Intel CEO Lip-Bu Tan struck a conciliatory tone toward some of the most powerful names in the global semiconductor industry, describing both TSMC and Nvidia as partners and “friends” despite intensifying competition
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Goldman Sachs chief executive David Solomon has warned that financial markets are currently driven more by “greed than fear,” reflecting an increasingly optimistic Wall Street atmosphere that has pushed US equities to
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Artificial intelligence powerhouse Anthropic has confidentially filed for a U.S. initial public offering, positioning itself ahead of rival OpenAI in a closely watched contest to become the defining public company of the
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Global alternative asset manager Blackstone has successfully raised $13.1 billion for its latest Asia-focused private equity fund, surpassing its original target and marking the largest private equity fundraising effort in the firm’s
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SoftBank Group has overtaken Toyota Motor Corporation to become Japan’s most valuable listed company, marking a symbolic shift in the country’s corporate hierarchy as global demand for artificial intelligence fuels a historic
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Chinese online retailer Temu has been fined €200 million ($232 million) by European Union regulators for failing to adequately prevent the sale of illegal products on its platform, marking one of 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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The geography of global wealth is undergoing a dramatic shift, as Gulf states and fast-growing Asian economies outpace many mature Western markets in billionaire growth rates, reshaping the balance of economic power.
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Indonesia has begun a sweeping crackdown targeting major palm oil producers over allegations of under-invoicing and transfer pricing in commodity exports, raising pressure on some of the country’s most powerful agribusiness groups.
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China has accumulated more than 30 days’ worth of coal supplies to ensure power stability ahead of an expected summer electricity crunch linked to the El Niño climate pattern. The National Development
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The IMF staff and Sri Lankan authorities have reached a staff-level agreement to conclude the combined Fifth and Sixth Reviews of Sri Lanka’s reform programme under the Extended Fund Facility (EFF). If
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Warnings about artificial intelligence wiping out large segments of the workforce have become a familiar feature of public debate. Layoffs at major technology firms and rapid advances in generative AI systems have
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After months of stalemate and escalating tension around the Strait of Hormuz, negotiations aimed at ending the war involving Iran and restoring maritime flows through the strategic waterway appear to be gaining
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