Sri Lanka is moving to establish a National Trade Negotiation Committee to prepare the groundwork for prospective Free Trade Agreement (FTA) negotiations, with preliminary activities potentially beginning in January, the Ministry of
Linda Yaccarino, the chief executive of X (formerly Twitter), has announced her resignation, stepping down just two years after being appointed by Elon Musk to lead the platform’s transformation. In a statement
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The European Union has voted to remove the United Arab Emirates (UAE) and Gibraltar from its “grey list” of countries with inadequate money laundering and counter-terrorism financing (AML/CFT) controls. The decision, passed
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Leading U.S. private equity firms have abruptly paused their controversial “on-cycle” recruitment process, a practice that involved hiring promising college graduates for roles set to begin several years in the future. The
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UBS has made approximately 100 “goodwill payments” to clients in Switzerland who suffered steep losses on foreign exchange derivatives after market turmoil sparked by former U.S. President Donald Trump’s April 2 “liberation
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PwC’s newly appointed UK senior partner Marco Amitrano is considering managing partner Laura Hinton as the leading candidate to head the firm’s Middle East operations, according to a report by the Financial
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Singapore’s financial regulator has imposed a total of US$21.5 million (S$27.45 million) in penalties on nine banks and financial institutions, including global giants UBS and Citi, for compliance failures tied to a
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India’s stock market regulator, the Securities and Exchange Board of India (SEBI), has imposed a temporary ban on New York-based trading giant Jane Street, alleging the firm engaged in a “sinister scheme”
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China has sharply criticized the recent US-Vietnam trade agreement, expressing fears that President Donald Trump is using his so-called “liberation day” tariff negotiations with third countries to restrain China’s export-driven economy. The
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The Bank for International Settlements (BIS) has issued a stark warning about the fragility of the modern global financial system, emphasizing that despite significant changes since the 2007–09 financial crisis, the core
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Sir Pascal Soriot, chief executive of AstraZeneca, has expressed a private desire to move the company’s primary stock market listing from London to the United States, according to sources cited by The
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KPMG stepped down as auditor of Prax Group, the parent company of one of the UK’s largest oil refineries, in the year leading up to its sudden insolvency, according to a report
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Editor’s Note: Annie White, Director of Software Tools at the Growth Lab, Harvard Kennedy School, and Sebastian Bustos, Senior Research Fellow at the Center for International Development, Harvard University, recently presented their
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Liquidators pursuing funds looted from Malaysia’s scandal-ridden 1MDB sovereign wealth fund are suing UK-based banking giant Standard Chartered for more than $2.7 billion, alleging the bank played a central role in one
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Two of the Middle East’s most powerful energy companies, Saudi Aramco and the Abu Dhabi National Oil Company (Adnoc), are hitting the brakes on their multibillion-dollar acquisition strategies as falling oil prices
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President Donald Trump announced that a group of “very wealthy people” is preparing to purchase the American operations of TikTok, as the social media giant faces a government-mandated divestiture aimed at separating
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