Trump launches cryptocurrency with price rocketing
US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars. His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US. The venture was co-ordinated by CIC Digital LLC – an affiliate of the Trump […]
S Korea parties hold emergency talks as impeachment vote looms
South Korea’s main parties are holding emergency meetings amid reports MPs could bring forward a vote to impeach President Yoon Suk Yeol over Tuesday night’s short-lived martial law declaration. The main opposition Democratic Party says the vote, currently scheduled for Saturday, could take place as soon it can guarantee the numbers to pass the motion. In […]
Why did South Korea’s president suddenly declare martial law and what happens next?
South Korea’s president shocked the country on Tuesday night when, out of the blue, he declared martial law in the Asian democracy for the first time in nearly 50 years. Yoon Suk Yeol’s drastic decision – announced in a late-night TV broadcast – mentioned “anti-state forces” and the threat from North Korea. But it soon became […]
Trump threatens 100% tariff on Brics nations if they try to replace dollar
US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote on social media. Major […]
Trump proves he is serious on tariffs – but it’s not about trade
Is Donald Trump serious about tariffs? This has been the question hanging over not just world markets but the whole world of economics. The popular wisdom had become that he wasn’t really that serious, and the key bit of evidence for that was his nomination of hedge fund investor Scott Bessent as his Treasury Secretary, someone […]
Eastern Container Terminal Project given ‘special project’ status
The government announced efforts to accelerate the development of the Eastern Container Terminal (ECT) at the Port of Colombo, a highly anticipated initiative managed by the Sri Lanka Ports Authority (SLPA). This week, Transport, Highways, Ports and Civil Aviation Minister Vijitha Herath received the Cabinet approval to designate the terminal’s construction as a ‘special project’. […]
Will launch ’Clean Sri Lanka’ project to make Sri Lanka cleanest in Asian region
The Government will launch a special project ‘Clean Sri Lanka’ aiming to make Sri Lanka the cleanest country in the Asian region, President Anura Kumara Dissanayake said. Speaking at an election rally in Katunayake, he said a special Presidential Task Force (PTF) will be set up for this purpose. He said the project aims to maintain […]
How the India-Canada fallout could affect trade and immigration
After a bombshell accusation from Canadian officials this week – that they believe India government agents were linked to a campaign of murder and extortion in the country – diplomatic relations hit new lows. That rift is now raising questions over the impact it could have on the deep trade and immigration ties between both […]
Maldives president in Delhi to seek aid and reboot ties
Maldivian President Mohammed Muizzu has told the BBC that he is confident that India will come to the aid of the island nation as it faces an economic crisis. Muizzu, who begins a five-day visit to India on Sunday, is expected to seek a bailout worth hundreds of millions of dollars. The Maldives is staring at a […]
California governor blocks landmark AI safety bill
The governor of California Gavin Newsom has blocked a landmark artificial intelligence (AI) safety bill, which had faced strong opposition from major technology companies. The legislation would have imposed some of the first regulations on AI in the US. Mr Newsom said the bill could stifle innovation and prompt AI developers to move out of the […]