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
Sri Lanka is sitting on the fourth rarest gemstone on earth, and instead of turning that into national leverage, it is letting individual traders smuggle it out through informal channels because the
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Volkswagen is reportedly considering a worldwide reduction of up to 100,000 jobs as the German automotive giant prepares a major restructuring effort, according to a report by Manager Magazin. The potential cuts
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King Charles III has paid nearly £30 million in taxes since becoming monarch in 2022, according to figures released by the British royal household, marking the first time the palace has disclosed
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The Ceylon Chamber of Commerce has re-elected Krishan Balendra as Chairperson for the 2026/27 year, reinforcing the organisation’s continued focus on a more solutions-oriented role in Sri Lanka’s economic development landscape. The
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Iraq could be forced to consider all available options regarding its future within OPEC if its oil production quota is not significantly increased, a senior Iraqi oil ministry official told Reuters on
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The Argentine government has authorized the Ministry of Economy to contract up to $5 billion in public debt from international financial institutions, granting executive officials broad authority to negotiate loan agreements and
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When Mark Carney and Friedrich Merz took office just over a year ago, both leaders faced a difficult economic environment shaped by global uncertainty, trade tensions and a changing relationship with the
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Hong Kong Overtakes Switzerland as World’s Top Cross-Border Wealth Hub Amid Surge of Chinese Capital
Hong Kong has surpassed Switzerland for the first time as the world’s leading center for cross-border wealth management, marking a significant shift in global capital flows driven largely by a surge of
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This article is particularly relevant at a time when the global trading environment is undergoing significant change and regional economic partnerships are playing an increasingly important role in shaping international trade and
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The Bank of Japan (BOJ) raised interest rates to their highest level in 31 years on Tuesday, marking another major step in its effort to normalise monetary policy as inflation pressures increase
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