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,
India’s economy expanded at a faster pace than anticipated last quarter, highlighting the country’s economic resilience even as steep U.S. tariffs imposed by President Donald Trump weigh on the outlook for the
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SolGold Plc, the mining company developing the large-scale Cascabel copper project in Ecuador, has rejected a second takeover offer from China’s Jiangxi Copper Co., the company confirmed Friday — a development first
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The 2021-2023 inflation surge saw sudden and persistent increases in prices for consumer goods, housing, and assets. Wage inflation also rose, but it lagged behind other inflation measures. When wages finally accelerated, the
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Chancellor Rachel Reeves has unveiled a sweeping budget that will affect workers, pensioners, and high earners alike, Times UK reported. The Office for Budget Responsibility (OBR) apologised for inadvertently leaking the full
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Chinese sports apparel company Anta Sports Products Ltd. is exploring a potential takeover of German sportswear firm Puma SE, according to sources familiar with the matter, Bloomberg reported. Hong Kong-listed Anta has
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China Vanke Co., once the nation’s largest property developer, is confronting a worsening financial crisis, with investors increasingly doubtful the firm can avoid default in the coming months without clearer government support,
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Three years after OpenAI released ChatGPT, artificial intelligence has become the dominant driver of U.S. stock market gains, according to Bloomberg. The technology has fueled a surge in Big Tech shares, created
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Maersk, the world’s largest container shipping company, announced plans to resume navigation through the Red Sea and the Suez Canal as soon as conditions permit, CEO Vincent Clerc said on Tuesday. The
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Shares of the Google parent jumped more than 5 percent on Monday to $315.9, pushing its market capitalization to $3.82 trillion. The stock has surged nearly 70 percent this year, far outpacing
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Private markets are on track to generate more than half of the global asset- and wealth-management industry’s revenues by 2030, reflecting intensifying competition among firms to grow in private debt, equity, and
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Ray Dalio, the billionaire founder of Bridgewater Associates, is casting doubt on the future of the multistrategy hedge fund model that has surged to prominence in recent years. Speaking on Bloomberg’s Odd
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The three parties preparing to form the next Czech government have rejected the outgoing administration’s draft budget for 2026, arguing that it fails to adequately finance critical spending areas. On Monday, the
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Editor’s Note: The following article is based on the remarks of several global CEOs and financial leaders speaking at the Bloomberg New Economy Forum, where they discussed geopolitics, supply-chain fragmentation, technological disruption,
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Hong Kong has solidified its position as a “safe haven” for international capital, with bank deposits exceeding HK$19 trillion (US$2.4 trillion) this year, while goods exports continue to show resilience despite global
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The Delaware court’s default judgment stems from Raveendran’s refusal to cooperate with discovery efforts and repeated failures to attend hearings, according to court documents reviewed by the Financial Times. Earlier this year,
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