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,
Canada is spearheading a major push to strengthen its position in the global critical minerals market, announcing C$1.4 billion ($1 billion) in new investments and partnerships aimed at securing key materials for
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China’s manufacturing sector experienced its longest decline in more than nine years in October, as factory activity continued to falter under domestic and global pressures, Bloomberg reported Friday. The official manufacturing purchasing
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Air India Ltd., the unprofitable Indian carrier, is seeking at least 100 billion rupees ($1.1 billion) in financial support from its owners Tata Sons Pvt. and Singapore Airlines Ltd., Bloomberg reported, as
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Apple posted stronger-than-expected fourth-quarter results on Thursday night, easing investor concerns about slowing demand in China and reaffirming its dominance in the global smartphone market. The company’s revenue for the quarter reached
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Palantir Technologies Inc. has filed a lawsuit against two former senior artificial intelligence engineers, alleging that they misappropriated confidential documents and information to help launch a rival company, Percepta. The lawsuit, filed
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OpenAI is reportedly laying the groundwork for an initial public offering that could value the artificial intelligence pioneer at up to $1 trillion, according to sources familiar with the matter, in what
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Masayoshi Son’s bold bets on artificial intelligence have propelled him past Uniqlo billionaire Tadashi Yanai to become Japan’s richest person, Bloomberg reports. Son’s net worth surged 248% this year to $55.1 billion,
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Toyota Motor Corp. has no plans to increase its proposed ¥4.7 trillion ($31 billion) buyout of Toyota Industries Corp., CEO Koji Sato said, despite widespread criticism that the tender offer undervalues the
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Nvidia (NVDA.O) is poised to make history on Wednesday as the first company to reach a $5 trillion market valuation, extending a remarkable rally that has cemented its central role in the
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OpenAI CEO Sam Altman is setting his sights on a technological and financial revolution, Reuters reports, unveiling plans to dramatically scale the company’s AI infrastructure and pursue an initial public offering. Speaking
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Saudi Arabia is preparing to redirect its $925 billion sovereign wealth fund away from the large-scale real estate megaprojects that have dominated its development agenda for the past decade, Reuters reports. According
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ChatGPT said: The Trump family has turned cryptocurrency into a gold mine. According to a Reuters investigation, the family of U.S. President Donald J. Trump earned more than $800 million in the
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JPMorgan Chase has appointed long-time executive Jay Horine to lead its ambitious $1.5 trillion investment fund aimed at bolstering U.S. national security industries, according to an internal memo seen by Reuters. The
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India’s initial public offering market is experiencing an unprecedented surge, driven largely by domestic investors, according to data compiled by Bloomberg. LG Electronics India Ltd.’s $1.3 billion IPO on October 7 sold
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PricewaterhouseCoopers (PwC) has cut the size of its global workforce for the first time since 2010 and scrapped a five-year hiring target, after investing more than $1 billion last year to accelerate
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