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Washington — In a rare departure from the Trump administration's typically triumphant tone, US Vice President JD Vance on Wednesday acknowledged that consumer inflation was "not great" in April.
Cisco shares soared in extended trading on Wednesday after the company issued results and guidance that topped Wall Street's projections.
The “National SME Strategy Framework 2026” to empower Small and Medium Enterprises (SMEs), the backbone of the Sri Lankan economy, locally and globally, was officially launched yesterday (13) under the patronage of Minister of Industry and Entrepreneurship Development, Sunil Handunnetti, and Deputy Minister Chathura…
The Sri Lanka Export Development Board (EDB) and Janathakshan GTE Ltd., the lead implementing partner of the GEF-07 Project, signed a Memorandum of Understanding (MoU) at the EDB Head Office, formalizing a strategic collaboration related to biodiversity conservation, sustainable land management, and climate-resilien…
Central Bank Governor Dr. Nandalal Weerasinghe stated that the Central Bank and the Finance Ministry were working very closely to ensure that such frauds would not happen again.
Virgin Australia is ditching traditional online check-in kiosks for a one-stop system allowing passengers to tag their bags and drop them without a separate scan of the bag label.
Abans Finance recently marked the official listing of its maiden13,384,000 debentures on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor on Monday (11).
President Anura Kumara Dissanayake yesterday stressed that the Government bears the responsibility of managing the country’s economy in a way that would prevent a recurrence of the economic crisis experienced in recent years.
Sampath Bank reported Total Operating Income of Rs 28.5 Bn for the quarter ended 31st March 2026, supported by steady growth in Net Interest Income (up 5%) and Net Fee and Commission Income (up 28%) year-on-year. Notwithstanding this performance, Profit After Tax (PAT) declined by 26% to Rs 6.2 Bn, due to significan…
He is taking over as the world’s largest economy reels from repeated shocks, including inflation fuelled in part by the Iran war
He is taking over as the world’s largest economy reels from repeated shocks, including inflation fuelled in part by the Iran war
Representatives of The Hotels Association of Sri Lanka (THASL) stressed that industry players have the potential to increase the revenue generated through the country’s tourism industry to US$10 billion by 2030.
A Tokyo area supermarket. Japanese consumers are bracing for faster inflation. (Photo by Nanami Sato)
Sri Lanka has taken a major step forward in modernizing its shrimp aquaculture sector through the successful completion of the project “Smart and Sustainable Aquaculture through Effective Biosecurity and Digital Technology”, implemented by the Food and Agriculture Organization of the United Nations (FAO) in partners…
The Commercial Bank of Ceylon has announced the first winners of its ‘Debit Card Challenge 2026,’ with 250 debit card holders emerging victorious in the inaugural monthly draw of a promotion that is set to reward 1,000 customers with prizes worth a total of Rs. 45 million.
The Colombo Stock Exchange (CSE) concluded the second stage of its landmark reforestation initiative in collaboration with the non-profit “Rainforest Protectors of Sri Lanka” with members of CSE planting the first 200 saplings of the second stage in the Rajawaka rainforest last week.
The inauguration ceremony to welcome the 2nd intake of students for this year at Institute of Chemistry Ceylon (IChemC) was held on the May 10, at its Malabe premises.
The Hamptons rental market has always been expensive. But this year, it’s in another stratosphere entirely.
Marking a historic milestone in the progressive development of Port City Colombo which is widely regarded as the turning point of Sri Lanka’s economy, Home Lands Group’s Home Lands Port City (Pvt) Limited signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited to develop the most icon…
Prime Melwa Port City (Pvt) Ltd yesterday signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited, marking a historic milestone in the realization of one of the most prestigious upcoming marina and waterfront developments at Port City Colombo.
AIA Insurance Lanka has once again established its position as an organisation that places people and leadership at the heart of its success, by securing top honours at the CLA Great Manager Awards 2025, presented by the Colombo Leadership Academy (CLA).
Doc990, one of Sri Lanka’s pioneering digital health solutions provider operated by Digital Health (Pvt) Ltd — a subsidiary of Dialog Axiata PLC — announced the introduction of a digital queue management system at Galle National Hospital, focused on pharmacy service counters.
Sri Lanka’s most Trusted and Innovative media services provider
Sri Lanka’s most Trusted and Innovative media services provider
Sri Lanka’s most Trusted and Innovative media services provider
Iran has turned to alternative trade to bypass the US blockade along the Strait of Hormuz, making use of northern sea ports, trucking through land borders and sending cargo through a rail system bound for China to sell oil and receive vital parts for its military, according to multiple reports.
We’ve been keeping our eyes peeled for this beauty restock.
Hamptons homeowners hoping to cash in on deep-pocketed golf fans during next month’s US Open are discovering that $100,000-a-week rental dreams may have overshot.
Wall Street is drifting in mixed trading on Wednesday after another discouraging update on inflation and a recovery for technology stocks.
Mayor Zohran Mamdani’s controversial plan to open city-owned grocery stores is set for an explosive City Council hearing – as a new, immigrant-led business group has built a $1 million-plus war chest to oppose it, The Post has learned.
Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates
Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when President Donald Trump is pushing for lower interest rates even as fresh inflation data complicates the case for cuts.
Brazilian President Luiz Inacio Lula da Silva attends an energy investment event in capital city Brasilia on May 8. © Reuters
Kevin Warsh was confirmed as the next Federal Reserve chairman on Wednesday — even as surging inflation has begun to box the central bank into one of its toughest corners in years.
California Gov. Gavin Newsom will reveal his updated budget plan Thursday as state Democrats grapple with what they claim are “Trump inflation” impacts on public services, particularly health care.
US President Donald Trump landed in Beijing on Wednesday for a closely watched summit with Chinese President Xi Jinping, where the war in Iran, trade tension and Taiwan are expected to dominate discussions.
Kalshi has a welcome bonus for first-time users who want to sign up for the fast-growing prediction market platform this spring.
One quarter of Americans still have the same bank as when they opened their very first account, new research has revealed.
Prediction market traders think President Donald Trump will make some major announcements in his trip to meet with Chinese President Xi Jinping in Beijing.
You can call this “castle” your home — and for a bargain, to boot.
Abdulla bin Touq, Minister of Economy and Tourism, has announced measures to crack down on gold being traded for money laundering and financing terrorism.
Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at th…
French prosecutors have requested a seven‑year prison sentence for former president Nicolas Sarkozy in his appeal trial over allegations that his 2007 presidential campaign received illegal funding from Muammar Gaddafi’s Libya — a case that has become one of the most explosive political‑financial scandals of France’…
U.S. Steel is expected to turn a profit in fiscal 2026. (U.S. Steel)
The possibility of a widening interest rate gap between Japan and the U.S. is driving the yen to weaken against the dollar. (Photo by Akira Kodaka)
A Chinese electronics factory. China's exports to the U.S. fell in 2025, but its overall trade surplus with the world grew. © Reuters
A Chinese electronics factory. China's exports to the U.S. fell in 2025, but its overall trade surplus with the world grew. © Reuters
MODESTO, Calif. — Before every important test, teacher Nancy Barajas dims the lights, turns on a disco ball and blasts music from her playlist. Her sixth graders dance together as a “pre-celebration” to boost their confidence, then take their exam.
Albertsons shoppers are turning away from one of the supermarket giant’s most profitable aisles, in a worrying sign for the already-battered grocery chain.
Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why.