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,
AIG, WR Berkley, and Great American have filed with U.S. regulators seeking permission to offer policies that exclude claims arising from businesses using AI tools, including chatbots and autonomous agents. The filings,
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U.S. equity markets fell sharply this past week, with the S&P 500 down 4% and the Nasdaq Composite off 7% from their record highs in late October, according to data reviewed by
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Daily Mail owner DMGT announced on Saturday that it has reached a £500 million ($650 million) agreement to acquire The Telegraph, a transaction that would unite two of Britain’s major right-leaning newspapers
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Bitcoin is on track for its worst monthly performance since the 2022 crypto market collapse, dropping as much as 6.4% on Friday to $81,629, Bloomberg reports. Ethereum and a host of smaller
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Big tech giants are increasingly turning to public debt to fund AI-ready data centers, a shift from their traditional reliance on cash reserves. Since September, hyperscaler companies—including Alphabet, Meta, Oracle, and Amazon—have
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The surge of artificial intelligence has transformed the data center industry into a goldmine for executives, founders, and investors, Bloomberg reports. Once a quiet corner of the tech world, data centers—facilities that
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The US Securities and Exchange Commission is considering whether its auditor independence framework — designed to prevent conflicts between accounting firms and their clients — is outdated in an era where AI
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Tata Group is facing its most serious internal conflict in years as a feud intensifies between the founding Tata family and key shareholders over whether to list Tata Sons, the conglomerate’s unlisted
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HSBC Holdings Plc is overhauling its trading division as part of Chief Executive Officer Georges Elhedery’s drive to transform the bank into a debt financing powerhouse. According to a memo seen by
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China is exploring a fresh set of measures to revive its struggling property market, raising concerns about the broader stability of the country’s financial system, Bloomberg reported, citing people familiar with the
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Elon Musk’s artificial intelligence venture xAI is closing in on a fundraising round of roughly $15bn, a move that would lift the company’s valuation to about $230bn, according to people familiar with
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Temasek Holdings Pte. has been “forced to hedge” its US dollar exposure this year as the greenback’s slide weighs on returns for global investors, according to Chief Executive Officer Dilhan Pillay. Speaking
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Before dawn in Mumbai, couriers zip across chaotic streets delivering groceries stocked in a basement mini-warehouse operated by Reliance Industries’ ecommerce platform, JioMart. “I make between 20 and 30 deliveries in a
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China’s exports of rare-earth products declined in October, marking the lowest monthly level since June, as Beijing and Washington work to finalize supply arrangements under their ongoing trade truce. Outbound shipments fell
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Golden MV Holdings Inc., one of the most high-flying stocks in the Philippines, has suffered a dramatic collapse in recent days, erasing more than $16 billion from the fortune of its founder,
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