The war raging in the Middle East must be stopped before it engulfs the entire region at increasing cost to the global economy, Turkish president Recep Tayyip Erdogan said Wednesday.
The ongoing Israeli-American war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran’s most effective weapon and the United States’ biggest vulnerability in continuing the campaign: Damaging the world…
South Korean stocks finished higher for the second straight session Wednesday as investors hunted for bargains amid the market's recent volatility caused by the US-Iran war. The local currency rose against the greenback.
German arms maker Rheinmetall on Wednesday reported full-year sales that grew 29% year-over-year and said revenue would grow by even more in 2026, as defense companies are expected to be on the receiving end of governments' hiked spending on military capabilities.
Egyptian Prime Minister Mustafa Madbouly said Tuesday that his government had to raise fuel prices to make sure local production continues and the economy remains stable.
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
Mirae Asset Securities said it will launch the industry’s first dedicated service center for global companies in Korea’s rapidly expanding retirement pension market.
Starbucks Korea said Wednesday it has expanded its employee scholarship program to cover master’s and doctoral degrees, becoming the first Starbucks market globally to offer graduate-level tuition support.
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
Prime Minister Harini Amarasuriya met with Masato Kanda, President of the Asian Development Bank, during her official visit to Manila, where both sides reaffirmed the strong partnership between Sri Lanka and the multilateral development institution.
A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI), rear center, and the foreign exchange rate between U.S. dollar and South Korean won, rear left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, March 10, 2026. (AP Photo/Ahn …
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‘In the past few weeks, we have uncovered many such cases involving cars that had enlarged their fuel tank capacity and made other modifications,’ customs says
Images of animals will feature on the next series of banknotes from the Bank of England, as the central bank shifts away from historical figures such as William Shakespeare, Winston Churchill and Jane Austen over the coming years.
MANILA, Philippines – Enhancing the region’s digital economy and cross-border digital payments are among the topics that will be discussed during the Association of Southeast Asian Nations (ASEAN) economic ministers’ retreat and related meetings.
TEHRAN, Iran — The United States said Tuesday it was striking Iranian ships capable of mining the crucial Strait of Hormuz and threatened escalation if Tehran presses ahead, as the Middle East war wreaks havoc on global oil markets.
The Middle East war has now lasted for more than a dozen days with no signs of abating. The war did not end in the manner the US and Israel expected. Iran resisted. It has now vowed to hold on to its resistance even further despite the destruction inflicted on its economy and public life. The entire region is now in…
The narrow stretch of water separating Iran from Oman has long been one of the most strategically important passages in the global economy. Today, that corridor, the Strait of Hormuz, has become the epicenter of a global energy crisis that threatens to ripple across economies, industries and households worldwide.
Assetline Finance PLC (AFIN), the flagship company of the financial services arm of David Pieris Holdings, continues on its journey of islandwide growth with the opening of the 63rd branch in Athurugiriya, located at Kaduwela Road.
DFCC Bank PLC, under its ‘Garusaru’ proposition for senior citizens and in collaboration with the Department of Pensions, has introduced a simplified biometric process that enables eligible government pensioners to complete their annual Life Certificate verification using fingerprint authentication at 50 selected DF…