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Economy
Nepal flood losses estimated at $2.56 billion, official says
Property, housing and infrastructure worth at least 387.5 billion Nepalese rupees ($2.56 billion) was lost in Nepal's catastrophic floods last week, the country's disaster authority chief told Reuters on Friday.
In the first four…
Trump renames Lake Ontario as ‘Lake America’ amid Canada trade war
U.S. President Donald Trump renamed Lake Ontario "Lake America" on Thursday, escalating a feud with Canada that has already spawned tariffs on tens of billions of dollars in cross-border trade.
Trump's executive order on Lake Ontario,…
How UPI becomes an instrument of India’s digital infrastructure diplomacy
"UPI transactions have witnessed rapid growth over the past five years, while 12 countries have adopted India’s digital payment system. How has this massive operating scale laid the ground for India’s emerging digital infrastructure…
6 State-owned Colombo Bungalows up for 30-year lease for Cafés, Restaurants
The government has called for investment proposals to commercially develop and operate a number of State-owned bungalows in Colombo under 30-year lease agreements.
The Ministry of Finance, Planning and Economic Development has invited…
Threat to oil tankers in Middle East worst since start of Iran war, analysts say
The threat to ships carrying oil in the Middle East is at its worst since the Iran war started, experts have said, after a spate of attacks on another key route in the region.
The warning comes after a number of attacks on vessels in the…
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices fell 1% on Tuesday as market participants continued to weigh a pause in U.S. strikes on Iran, which has raised hope of a diplomatic solution to their conflict and the normalisation of Middle East energy flows.
Brent crude…
Pakistan seeks $10 billion fund from US after mediating Iran talks, sources say
Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to two sources briefed on the matter, which, if approved, could provide a lifeline for the cash-strapped South Asian economy. The request,…
Brent oil tops $90 as US, Iran intensify attacks in Middle East
Oil prices jumped 3% on Monday, with Brent surpassing $90 a barrel, as the United States and Iran expanded attacks in the Middle East that have curbed energy shipments in the Strait of Hormuz.
Brent crude futures climbed $2.69, or…
India and EU forge a strategic technology alliance on AI, chips, clean energy and trade
India-EU Trade and Technology Council ministerial meeting highlights progress on FTA and supply chain resilienceThe India–European Union relationship is entering a more consequential phase, moving beyond conventional trade diplomacy towards…
Samsung profits jump 1,800% as AI boom drives chip sales
South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.
The company forecast that it made 89.4tn won (£43.6bn;…