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,
Aviation leaders gathering in Singapore on Monday warned that persistent supply chain disruptions and rising geopolitical tensions are increasingly threatening the industry’s ability to meet surging demand, even as they reaffirmed commitments
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Indian Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026 on Sunday, February 1, marking her ninth consecutive budget and the 88th Union Budget since India’s Independence. Expectations are
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Bitcoin fell sharply on Saturday, extending a broader downturn in the cryptocurrency market as investors grew increasingly wary of tighter financial conditions in the United States. The world’s largest cryptocurrency by market
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US stock markets fell on Friday after President Donald Trump nominated former Federal Reserve governor Kevin Warsh as the next chairman of the central bank, a move that rattled investors already on
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Japan is facing mounting pressure to reduce its heavy reliance on rare earth imports from China as political tensions between Tokyo and Beijing continue to deepen. The challenge has taken on new
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Asia and the Pacific remained a central pillar of global trade and investment in 2025, but momentum slowed as geopolitical tensions, policy uncertainty and structural adjustments weighed on growth. According to the
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More than $400 billion was wiped from Microsoft’s market capitalisation on Thursday as investors reacted sharply to the scale of the company’s spending on artificial intelligence infrastructure, triggering the second-largest single-day loss
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KPMG partners have surged past their counterparts at PwC to become the second-highest paid among the Big Four accountancy firms, according to the latest financial results. Distributable profits per partner in the
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Microsoft narrowly exceeded Wall Street’s expectations for quarterly revenue as strong demand for its Azure cloud services, particularly from companies developing and deploying artificial intelligence solutions, boosted results. The technology giant reported
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Samsung Electronics reported that its operating profit more than tripled in the fourth quarter of 2025, reaching a record high, as demand for memory chips used in artificial intelligence applications surged. The
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Tesla announced on Wednesday that it will invest $2 billion in CEO Elon Musk’s artificial intelligence company, xAI, while confirming that production plans for its Cybercab robotaxi remain on track for 2026.
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Sri Lanka has begun the year with a sharp acceleration in overseas labour migration, with 20,484 citizens leaving the country for foreign employment in January alone, according to the Sri Lanka Foreign
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Guyana’s economy expanded by 19.3% in 2025, marking the sixth consecutive year of double-digit growth, even as the pace of expansion in its oil sector slowed compared with previous years, Finance Minister
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China’s Anta Sports Products said on Tuesday it would acquire a 29.06% stake in German sportswear maker Puma from the Pinault family for 1.51 billion euros, positioning the Hong Kong-listed group as
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Investment bankers in Asia are preparing for their most lucrative bonus season since the pandemic-fueled boom of 2021, with UBS, Citigroup and Morgan Stanley reportedly planning average increases of around 20 per
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