Hostilities hit export of shawls to Europe, US
The economic crisis, escalating cost of living in Europe and the Russia-Ukraine war have hit the export of woollen apparel, including shawls and stoles,…
Business
GoDaddy, An Overrated Stock?
The internet business has all the trappings of false advertisement. Quick riches and easy bucks. But what is not clear is the hijacking of…
Russia economy meltdown as bonds crash and shopping centres face mass bankruptcy
The Union of Shopping Centres (STTs) estimates that half of the country’s shopping centres are facing high debt burdens. Many have taken out loans…
Donald Trump Media Firm Soars in Stock Market Debut
Shares in Donald Trump’s media company soared as the firm made its formal debut on the stock market. Shares surged past $70 in early…
Led By Elon Musk, Left-Dominated Silicon Valley Inches Towards Right
Silicon Valley: Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley…
President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka
Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic…
Notorious Benjamin Wey Sues Sri Lanka For $250 Million
London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250…
Charting the Global Economy: US Labor Market Picks Up Steam
(Bloomberg) — The US labor market strengthened in November with pickups in employment and wages, deflating hopes the Federal Reserve will cut interest rates…
United States Department of Agriculture Reports Largest-ever Corn Harvest
NASHVILLE, Tenn. (WTVF) — There was a time last year when heat and drought conditions threatened key crops, but that’s not how it turned…
The Relevance of NATO in the 21st Century
Frankfurt (3/12 – 12) The relatively rapid cohesion of disparate nations, historically competitive or even at war with one another, into the European Union…