UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
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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Senior executives and board members at Nvidia have sold more than $1 billion worth of company stock over the past year, including a sharp uptick in trading this month, as reported by
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Central bankers worldwide are raising alarms over the persistent threat of inflation resurgence, driven by lasting “scars” on households from the sharp price increases following the pandemic. According to a recent report
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Global public debt soared to an all-time high of $102 trillion in 2024, with developing countries shouldering nearly a third of that burden, according to a new report by the United Nations
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Top central bankers have delivered a blistering critique of stablecoins, declaring them unfit to function as mainstream money and warning of major risks if they are elevated to a central role in
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Anti-corruption watchdog Transparency International Sri Lanka (TISL) has filed a petition in the Supreme Court challenging a proposed amendment to the Companies Act No. 07 of 2007, warning that the draft law
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Gold has surpassed the euro to become the world’s second most important reserve asset for central banks, according to a new report from the European Central Bank (ECB). The shift marks a
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European Central Bank (ECB) President Christine Lagarde has considered cutting short her term to assume leadership of the World Economic Forum (WEF), according to an exclusive report by the Financial Times. The
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HSBC UK has issued a warning to its employees that failure to meet in-office attendance requirements could lead to reduced bonuses, as the bank tightens its stance on remote working. The move,
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National Development Bank PLC (NDB) has reported a strong financial performance for the first quarter of 2025, with profit before tax rising by 118% year-on-year to Rs. 4.0 billion. The Bank’s post-tax
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