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,
A government announcement of a fuel subsidy for fishermen has been met with widespread relief and optimism in Sri Lanka’s Northern Province, while also prompting renewed calls for improved administrative coordination to
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Oil prices could surge past $150 a barrel for the first time in history if restrictions on tanker movement through the Strait of Hormuz persist, according to market analysts, even as Brent
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From April 13 to 18, the upcoming China International Consumer Products Expo in south China’s Hainan Province will bring together more than 3,400 brands from around 60 countries and regions. Spanning lifestyle
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The International Monetary Fund has granted initial approval for a new $700 million loan tranche to Sri Lanka, marking a significant step forward in the country’s ongoing recovery from a severe financial
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BlackRock has emerged from recent market turmoil in a stronger position than many of its private-market peers, reaffirming its status as the world’s most-valuable publicly traded asset manager. According to the Wall
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US crude exports are projected to reach record levels in April as the ongoing war with Iran disrupts Middle Eastern oil supplies, prompting Asian buyers to turn to American sources, the Financial
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Brazilian billionaire Alberto Safra, son of the late Joseph Safra—once hailed as the “world’s richest banker”—has won a review of more than $35 million in legal fees charged by US law firm
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Iran has announced it will require shipping companies to pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz during the ongoing two-week ceasefire, the Financial Times reports. Hamid
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Sri Lanka’s banking sector has been shaken by a massive internal fraud at National Development Bank PLC, with losses now estimated at up to Rs 13.2 billion, triggering widespread concern over governance
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EVE Energy Co., one of China’s leading lithium-ion battery manufacturers, announced plans to build two new plants with a combined annual capacity of 110 gigawatt-hours at a total investment of 11 billion
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Bill Ackman’s Pershing Square Capital has made a bold bid to acquire Universal Music Group, the world’s largest record label, in a deal valuing the company at roughly €55 billion. Financial Times
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Jeff Bezos’s Project Prometheus has recruited Kyle Kosic, a co-founder of Elon Musk’s xAI and former OpenAI engineer, signaling the start-up’s aggressive push to dominate industrial AI applications. According to reporting by
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Jon McNeill faced one of the most intimidating phone calls of his career before he even officially began his new role as Tesla president. He dialed CEO Elon Musk to admit a
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Jamie Dimon, chief executive of JP Morgan, has sounded a stark warning about the growing risks in private credit, signaling that the industry may be far more vulnerable than investors realize. In
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Anthropic, the San Francisco-based AI lab, is making a historic investment in Google’s chips and cloud services as it seeks to secure the computing power required to meet skyrocketing demand for its
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