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,
Alphabet Inc., the parent company of Google, has crossed the $3 trillion market capitalization milestone for the first time, cementing its position among the world’s most valuable companies. The achievement follows a
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Winston Weinberg, a former junior lawyer, co-founded legal AI startup Harvey in 2022 with Gabe Pereyra, a former DeepMind research scientist. In just three years, Harvey has grown to serve more than
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Sri Lanka’s economy expanded at a quicker pace than anticipated in the second quarter of 2025, buoyed by lower interest rates that supported business activity and softened the impact of tariff-related pressures.
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China’s economic activity slowed more than anticipated for a second consecutive month, with a sharp decline in investment raising concerns that policymakers may need to introduce additional stimulus measures to keep growth
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Inflation in India edged up in August for the first time in 10 months, but not by enough to derail expectations of further interest rate cuts later this year, according to economists
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BYD Co., China’s top electric-vehicle (EV) maker, is grappling with mounting investor concerns after a dramatic $45 billion stock selloff, as the company faces intensified competition and a destructive price war in
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Brookfield Asset Management is reportedly in advanced discussions to acquire US landlord Yes! Communities Inc. from Singapore’s sovereign wealth fund GIC Pte, in a transaction that could be valued at over $10
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Nestlé’s chair, Paul Bulcke, is facing mounting pressure from investors to step down ahead of his scheduled departure in April 2026, as concerns over governance and leadership instability continue to plague the
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Apollo Global Management Inc. and Silver Point Capital have led a roughly $900 million direct loan to Vantage Specialty Chemicals, replacing the company’s existing bank-arranged financing, according to sources familiar with the
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Bank of America Corp. is preparing a shake-up of its senior leadership as it looks to narrow the pool of potential successors to Chief Executive Officer Brian Moynihan, Bloomberg reported, citing people
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Tesla Inc.’s chair, Robyn Denholm, strongly endorsed Elon Musk as the only leader capable of guiding the company’s next phase into artificial intelligence and robotics, while acknowledging that he may not continue
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This is the 3rd article in a series exploring APEC within the current political conjuncture. If the previous articles covered “What is APEC?” and “The Making of Global Value Chains,” this article
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OpenAI and Nvidia Corp. are set to announce a major commitment to invest billions of dollars in UK data center infrastructure during their upcoming visit to the country, Bloomberg reported. The pledges
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At the core of one of the mining sector’s most ambitious deals is a plan to revive Teck Resources Ltd.’s troubled copper operation in Chile’s Atacama Desert and merge it with Anglo
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Updated: Elon Musk has once again secured his position as the world’s richest person after a brief setback on Wednesday when Oracle co-founder Larry Ellison overtook him. Ellison’s net worth skyrocketed by
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