Economy

The title of ‘world’s richest person’ has become a revolving door, but for a brief, stunning moment in September, it swung in a surprising direction. Elon Musk, the perennial name at the top of the list, was momentarily unseated by…

Pakistan International Airlines (PIA), once hailed as a regional aviation pioneer, today stands as a reflection of the country’s deepening institutional decay. The airline that helped launch other national carriers in Asia and the Middle…

India has emerged as South Asia’s humanitarian and developmental leader, extending over USD 30 billion during the last 10 years in aid through financial, in-kind, and capacity-building support. Guided by “Neighbourhood First” and Vasudhaiva…

Sri Lanka’s tax policies played a driving role in the country’s devastating 2022 economic crisis and have contributed to the chronic underfunding of education and other public services, Human Rights Watch said in a report released recently.…

Microsoft will cease customer support for its operating system Windows 10 on Oct. 14 and is encouraging users to upgrade to Windows 11. The company describes Windows 11 as “a more modern, secure and highly efficient computing…

Chinese car making giant BYD says the UK has become its biggest market outside China, after its sales there surged by 880% in September compared to a year earlier. The company says it sold 11,271 cars in the UK last month, with the plug-in…

Despite Sri Lanka’s strong economic performance in recent times, the recovery remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated, the World Bank said. The World Bank noted that strengthening…

The price of gold has surpassed USD 3,950 per ounce for the first time in history, global market data indicates. In response to the surge, gold prices in Sri Lanka have increased by approximately Rs. 8,000 compared to Saturday’s rates.…

Gold edged higher to a fresh record as the prospect of a looming US government shutdown clouded the Federal Reserve’s monetary policy path ahead of next month’s interest-rate decision. Bullion briefly touched an all-time high of…

Sri Lanka’s tourism sector has proven to be an indispensable engine of the nation’s economic recovery, with the current government's strategic efforts successfully revitalizing the industry and leading to a significant surge in…