Bloomberg – Sri Lanka’s debt negotiations with China and India “are successful,” according to President Ranil Wickremesinghe, bringing the bankrupt nation closer to clearing a major hurdle to unlock $2.9 billion from the International Monetary Fund. The nation’s president, who doubles as finance minister, spoke before the parliament Tuesday, without providing details. Before that, a person with…
Bollywood actor Shah Rukh Khan with his more than three decades of work in the film industry has garnered millions of fans all over the world and an estimated net worth of ₹627 million ($770 million), making him the richest actor in Asia and fourth richest actor all over the world. Beating fellow immensely famous and…
LONDON, (Reuters) – Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes and eventually stops increasing them, according to industry analysts. Spot prices of the precious metal have shot above $1,900 an ounce, surging…
DAVOS, Switzerland, (Reuters) – The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair. However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned of trouble…
Global Maritime logistics company Mitsui OSK Lines Ltd (MOL) has recognised the Hambantota International Port Group (HIPG) for their safety protocols and has certified the Hambantota International Port’s best practices as an industry benchmark. A Certificate of Appreciation was presented to HIP at MOL’s Annual Stevedore Meeting (India and Indian Ocean Region), held at the…
Reuters – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report. Tne IMF said even limited fragmentation could…
(The Hindu) – External Affairs Minister S. Jaishankar’s visit to Colombo on Thursday will focus on “supporting Sri Lanka” in its current economic crisis, government sources said, adding that talks are ongoing in the field of energy security, food security, currency swap arrangements as well as talks about restructuring Sri Lanka’s debt. The two-day visit…
(The Economic Times) – After concluding debt restructuring talks with Japan, Sri Lanka is set to begin consultations with India. China, another major lender, continues to drag its feet. External affairs minister S Jaishankar is expected to visit Colombo this week to meet stakeholders and discuss debt restructuring, ET has learnt. As Sri Lanka has defaulted on its debt repayments, it is negotiating…
Binance was granted registration by the Swedish Financial Supervisory Authority on January 10, 2023. Binance today announces that Binance Nordics AB has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA). This follows months of constructive engagement with the regulator. Binance Nordics…
By Prof. Samitha Hettige The Communist Party of China (CPC) was formed in 1921 by Chinese intellectuals with the objective of raising Chinese people out of poverty within 100 years. The responsibility of taking China forward was rested on the youth of the era by the founders & after 30 years they established the Peoples…
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