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,
Elon Musk has lost his status as the world’s first trillionaire after a sharp decline in the value of his technology holdings erased around US$130 billion in paper wealth over five trading
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Apple’s incoming chief executive, John Ternus, has pledged to build on the company’s growing momentum in the entertainment sector when he takes over leadership of the iPhone maker in September, signalling continuity
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A former JPMorgan Chase banker has expanded his lawsuit against the United States’ largest bank, filing an amended complaint that adds new defendants and fresh allegations of racial discrimination, sexual coercion and
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by Our Correspondent in Colombo As the clock counts down towards the scheduled expiry of South Asia Gateway Terminals’ (SAGT) 30-year concession in 2029, an unexpected development has reignited debate over the
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Paramount has suspended its proposed acquisition of Warner for nearly a year while legal challenges to the deal continue in the United States. The decision follows a temporary court order halting the
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HSBC has agreed to sell its Singapore insurance business to Allianz for $2.1 billion, marking another significant step in chief executive Georges Elhedery’s drive to simplify the bank’s global operations while sharpening
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There are moments in history when a system appears so complete that it becomes difficult to imagine its end. When Britannia ‘ruled the waves’, it was thought in large parts of the
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The race to dominate artificial intelligence is reshaping not only the technology industry but also the balance sheets of some of the world’s largest corporations. Behind soaring investment in data centres, advanced
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Nike is overhauling its online sales strategy in China by restricting wholesale distributors from selling its products through e-commerce platforms, as the world’s largest sportswear company seeks to regain ground lost to
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The Japanese yen has fallen beyond ¥163 against the U.S. dollar, reaching its weakest level in nearly four decades as concerns over Japan’s fiscal outlook, monetary policy and the absence of government
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Japan has unveiled an ambitious long-term economic strategy that aims to reshape the country’s growth trajectory over the next decade and beyond, placing public investment at the centre of a plan designed
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Ongoing protests in India have prompted comparisons with the political upheavals that reshaped governments in neighbouring countries, including Sri Lanka, but market analysts say the demonstrations are unlikely to undermine investor confidence
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Indian companies are on course to record their highest-ever level of outbound investments this fiscal year, increasing pressure on the rupee as capital continues to flow overseas amid declining foreign investment and
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Chinese electric vehicle manufacturer BYD believes it can overtake Toyota as the world’s largest carmaker by vehicle sales without entering the U.S. market, according to comments by the company’s top international executive
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China’s economy expanded by 4.3 per cent in the second quarter of 2026, its slowest annual growth rate since late 2022, according to official data released on July 15, falling short of
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