Samsung Electronics flags 56% fall in Q2 operating profit
Samsung Electronics said Friday it expects operating profit to tumble 56 percent for the second quarter of this year in the face of a...
SL moves to Upper-Middle Income category
Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new country classification by income level.
According...
IMF’s Lagarde ‘honored’ to be tapped to head European Central Bank
International Monetary Fund chief Christine Lagarde on Tuesday announced she would step down "temporarily" from the global crisis lender after being nominated to lead...
US proposes tariffs on EU cheese, pork and whiskey
The United States on Monday proposed $4 billion in tariffs on a range of European Union products - including parmesan cheese and Scotch and...
Apple buys self-driving car startup Drive.ai
Apple on Tuesday (June 26) confirmed that it has acquired self-driving shuttle firm Drive.ai.
Technology news website The Information reported earlier this month that the...
People’s bank still at risk of privatization – Trade Unions
The Ministry of Finance issuing a media release notes that there are no plans in place to privatize the People’s bank. The Ministry also...
Wall St sinks as hopes fade for rate cuts, trade progress
Wall Street stock indexes fell on Tuesday (June 25), led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic...
Senior South Korean blacksmith discovers the internet can revive his trade
In the small, mountain valley town of Yeongju, 66-year-old blacksmith Seok Noh-ki had been bracing for closing his struggling workshop until his home, a...
Nissan shareholders approve post-Ghosn governance overhaul
Nissan shareholders on Tuesday approved an overhaul intended to strengthen governance at the crisis-hit Japanese automaker, which is still reeling from the Carlos Ghosn...
The CBSL’s latest international bond issuance
The Central Bank of Sri Lanka said it returned to the U.S. dollar bond markets, successfully pricing a new issuance of U.S.$500 million 5-year...
