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,
by Our Correspondent in Colombo The Central Bank of Sri Lanka has sharply increased its Overnight Policy Rate (OPR) by 100 basis points to 8.75% today, signaling growing concern over inflationary pressures
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by Our Correspondent in Colombo Sri Lanka is once again facing growing fears of financial instability as a sharp expansion in the country’s money supply raises alarm among economists, market analysts, and
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A high-stakes referendum in Switzerland is set to decide whether the country should legally cap its population at 10 million, a move that has ignited a fierce national and European debate over
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Africa’s richest man, Aliko Dangote, has called on the continent’s wealthy elite to abandon their lifestyles in London, Switzerland, and other global financial hubs and return to Africa, arguing that only direct
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According to compliance reports, blockchain analysis, and law-enforcement sources cited in investigative findings, Iranian financier Babak Zanjani built a crypto-based payment structure that allegedly moved large volumes of funds through the global
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India has witnessed a sharp escalation in fuel costs after petrol and diesel prices were raised by up to 91 paise per litre on Saturday, marking the third increase in less than
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Stocks linked to the Adani Group surged sharply after reports that the United States Department of Justice moved to dismiss criminal fraud charges against billionaire industrialist Gautam Adani, marking a major legal
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Pakistan has just delivered one of the most striking macroeconomic achievements in its modern history. In the first nine months of fiscal year 2026, running from July 2025 to March 2026, the
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Global accounting firm EY has agreed to pay more than $140 million to settle a High Court legal dispute with the administrators of NMC Health, the former London-listed healthcare company that collapsed
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NATO secretary-general Mark Rutte is preparing to press Europe’s leading defence manufacturers to significantly increase investment and accelerate weapons production, according to a report by the Financial Times. The initiative comes as
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According to local media in Colombo, the ambitious plan to establish South Asia’s largest commercial and logistics complex within the Port of Colombo has been officially cancelled, marking a significant reversal in
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The latest edition of the Sunday Times Rich List offers an unusually stark snapshot of Britain’s shifting relationship with global wealth. What has long been described in whispers by wealth advisers and
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The Venezuelan government has formally launched a comprehensive process to restructure its external sovereign debt and the obligations of state oil company Petróleos de Venezuela S.A., marking a major financial reset after
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US hedge fund giant Citadel has ordered several of its core quantitative researchers in Hong Kong to either relocate overseas or leave the company, according to a report by the Financial Times,
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The African Union has unveiled plans to launch the Africa Credit Rating Agency (AfCRA) in June, marking a major step toward financial sovereignty for the continent. The announcement was made by African
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