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,
Nvidia is partnering with six major financial institutions to launch financing platforms aimed at raising more than $500 billion in third-party capital for artificial intelligence infrastructure, in a move that underscores the
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Samsung Electronics and SK Hynix are evaluating semiconductor manufacturing equipment produced by China’s Advanced Micro-Fabrication Equipment (AMEC) for possible deployment at their production facilities in China, according to a Reuters report citing
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The Reserve Bank of India (RBI) left its benchmark repo rate unchanged at 5.25% on Wednesday, choosing to wait for clearer evidence on whether rising global oil prices are feeding into broader
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Passenger transport in Sri Lanka shifted from British double-decker buses to Indian Ashok Leyland and Tata buses in the 1960s. Until then, the backbone of Sri Lanka’s passenger transport system had been
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Apple temporarily removed the messaging platform Telegram from its App Store after identifying content that violated its policies on child sexual abuse material, before restoring the application once the offending content was
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Russia is rapidly expanding a shadow fleet of liquefied natural gas (LNG) carriers ahead of tougher European Union sanctions due to take effect in 2027, according to a Financial Times investigation. The
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A Financial Times investigation reveals how Google has built one of the largest infrastructure financing programmes ever assembled to support the rapid expansion of artificial intelligence, bringing together technology companies, private credit
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SpaceX is set to face a major test in the public markets this week as the first substantial tranche of previously locked shares becomes eligible for trading, marking a significant milestone following
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The sharp swings that swept through artificial intelligence markets this week offered a striking reminder that even one of the world’s fastest-growing technology sectors is not immune to financial turbulence. Semiconductor companies
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Japanese Finance Minister Satsuki Katayama is expected to announce on Monday that Japan and the United States have undertaken joint intervention in the foreign exchange market to halt the yen’s decline to
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Citadel’s purchase of most of hedge fund Situational Awareness’ public equity portfolio has helped calm investor concerns after a sharp semiconductor market downturn erased around $3 trillion in value. The deal, first
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FIFA has withdrawn plans to establish a $20 billion commercial rights company and sell a 20 per cent stake to private investors following widespread opposition from football governing bodies and senior officials.
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The world’s largest technology companies have invested more than $1.1 trillion in capital expenditure since the emergence of the artificial intelligence boom in 2023, reflecting an extraordinary transformation in how the sector
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While Western collector car cultures have spent over a century maturing into multi-billion-dollar industries, China’s story is just getting started. As the world’s largest auto market shifts from raw volume growth to
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Apple has briefly become the second company in history to achieve a market capitalisation of $5 trillion, marking another milestone for the technology giant as it reclaimed its position as the world’s
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