Germany: Flights canceled as workers strike over pay
Flights were canceled in and out of the northern German cities of Bremen and Hamburg, and the capital, Berlin, as workers went on strike on Monday.
India eyes Hambantota Port for electric vehicle transshipments
With India looking very positively at becoming a manufacturing hub for electric vehicles (EV), joint venture partners are looking very closely at Hambantota International Port (HIP) as the key transshipment point for their markets in the east and west of the island.
SL’s worker remittances double to US$ 407.4 million in Feb 2023
Sri Lanka is taking every possible step to restore worker renitences to the national annual average of US$ 7 billion which will help the island nation to come out of the ‘economic abyss’ faster than the unlocking of IMF’s four year $ 2.9 billion bail out loan by March 20, finance ministry sources said.
LG polls are so ‘critical’ – US Ambassador
While urging Sri Lanka’s legal community to be a strong and steady force for the rule of law and justice for all, US Ambassador Julie Chung yesterday said that the Local Government elections are so ‘critical’ for Sri Lanka.
Court issues arrest warrant on Wimal Weerawansa
The Colombo Chief Magistrate today issued a warrant for the arrest of Parliamentarian Wimal Weerawansa for not being present in Court in connection with a case filed against him by Cinnamon Garden police.
US banks could be sitting on unrealized losses of $620 billion
Silicon Valley Bank's collapse last week sent tingles of panic down investors' spines as it highlighted a larger problem across the banking sector: The widening gap between the value large lenders place on the bonds they hold and what they're actually worth on the market.
Ranked: The most powerful SUVs in the world
Aston Martin DBX (550 hp)
State-owned gem industry institutes to merge under SOE reforms
The Sri Lanka government is to expeditiously explore the export potential of gems and jewelry by consolidating the Gem and Jewellery Research and Training Institute and National Gem and Jewellery Authority which are not performing up to expectations at present, Finance Ministry sources confirmed.
Chairman of STC leaves for India to inquire on delay in egg imports
The Chairman of the Sri Lanka State Trading Corporation (STC) has reportedly left for India in order to inquire into the delay in the stock of eggs Sri Lanka was due to receive from India.
India extends support for text books investment in Sri Lanka’s future
A concessional Credit Facility of US$1 billion was extended to the Government of Sri Lanka by the Government of India in March 2022 for supply of essential items including food, fuel, medicines, industrial raw materials etc.
More...
One of Silicon Valley’s top banks fails; assets are seized
Regulators rushed Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
Standard Chartered provides insights on global and Sri Lankan economic outlook
Sri Lanka, March 11 -- From left: Standard Chartered Sri Lanka CEO Bingumal Thewarathanthri, Global Head Fixed Income Research and Head Asia Research Kaushik Rudra, Economist South Asia Saurav Anand and Head of ASA FX Research Divya Devesh
Third person dies after crush at US GloRilla show
Athird person has died from the crush that broke out at a New York concert by rap star GloRilla on Sunday, police have confirmed.
Why Bill Gates's Daughter Is Unhappy with Netizens Who Troll Her Relationship with Black Man
The youngest daughter of Microsoft co-founder Bill Gates and philanthropist Melinda French Gates is dating a black man and has called out people trolling her relationship.