Reuters – Oil prices rose over 3% on Monday after Iran claimed it had struck a U.S. warship and forced it to turn back from entering the Strait of Hormuz, though the U.S. denied that any U.S. ships had been struck. Brent crude futures were up $3.64, or 3.4%, at $111.81 a barrel by 1124…
Emirates is marking a near-full return to operations, with 96% of its global network now restored, following a period of disruption. In the past weeks, the airline has progressively resumed services across the Americas, Europe, Africa, West Asia, the Middle East/GCC, the Far East and Australasia. Today, the airline operates to 137 destinations across 72 countries, with over 1,300 weekly frequencies, representing 75% of pre-disruption…
Building on its landmark opening, City of Dreams Sri Lanka continues to reshape the country’s tourism and hospitality landscape as South Asia’s first fully integrated luxury resort, bringing together Nüwa, its luxury flagship hotel, and Cinnamon Life, its vibrant lifestyle hotel, within a single world-class destination. Developed through the strategic partnership between Melco Resorts &…
The Colombo Stock Exchange (CSE) recorded a strong upward trend today (04), with key indices posting notable gains while daily turnover reached Rs. 4.8 billion. The All Share Price Index (ASPI) rose by 145.47 points to close at 22,695, while the S&P SL20 index gained 37.08 points to settle at 6,244.64. Market turnover was largely…
Manipal Hospitals, India’s largest pan-India multispecialty hospital network by bed capacity, reinforces its philosophy of care beyond boundaries with the announcement of a landmark initiative ‘the first-ever couple open water swim from Sri Lanka to India’. Athletes Danish Abdi and Vrushali Prasade will undertake this extraordinary challenge, traversing the legendary Ram Setu route. The swim, spanning approximately…
Mels Automobiles (Pvt) Ltd., the fully owned subsidiary of Melstacorp PLC, has been officially appointed as the authorised importer and dealer for BMW automotive vehicles in Sri Lanka. Mels Automobiles (Pvt) Ltd. will be responsible for the importation, sales, and distribution of new BMW vehicles, the supply of genuine BMW parts, and the provision of…
Beruwala Resorts PLC has informed the Colombo Stock Exchange of the temporary closure of its flagship property, The Palms Hotel Beruwala, to facilitate refurbishment and operational upgrades. The hotel was closed on May 1, 2026, and is scheduled to remain shut until August 30, 2026. The company stated that the upgrades are aimed at enhancing…
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced that Pierre‑Olivier Gourinchas will return to academia at the University of California, Berkeley, effective July 1, 2026. Mr. Gourinchas joined the Fund in 2022 as Economic Counsellor and Director of the IMF’s Research Department (RES). “Pierre‑Olivier has provided exceptional intellectual leadership at a time of extraordinary…
The Computer Society of Sri Lanka (CSSL) has officially launched the CSSL CIO Forum 2026 and unveiled the CSSL National CIO List 2025, reinforcing its ongoing commitment to advancing ICT leadership excellence and supporting the growth of Sri Lanka’s digital economy. The initiative reflects CSSL’s continued role as the country’s leading professional ICT body, dedicated…
Reuters – GameStop, opens new tab proposed on Sunday to buy eBay Inc, opens new tab for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay’s board be unreceptive. GameStop – once a stock market minnow that shot to fame…
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