Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe last Friday stated that the imposition of a 44% reciprocal tariff on Sri Lankan exports to the US is unlikely, citing ongoing diplomatic engagement and recent developments in global trade policy. He made these remarks at a public lecture organised by the CBSL titled ‘State of the Economy as Reflected …
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The Purchasing Managers’ Indices in April have reflected the seasonal contraction in Manufacturing activities and an expansion in Services activities, though lower than in March. Following the seasonal pattern, the Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) declined to 40.1 in April. The key sub-indices of Production, New Orders, Stock of Purchases, and Employment contracted during the …
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Known as a bold and decisive judge who speaks his mind, Chief Justice Gavai’s tenure may see important hearings in the challenges to the Places of Worship Act and the Waqf (Amendment) Act of 2025 Justice Bhushan Ramkrishna Gavai was sworn in by President Droupadi Murmu as the 52nd Chief Justice of India at the Rashtrapati Bhavan on May 14th. …
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Apple is expected to unveil the iPhone 17 lineup in September 2025, which may include four models: iPhone 17, 17 Pro, 17 Pro Max, and the all-new iPhone 17 Air. With major design upgrades, enhanced displays, and a new A19 chip, the series is tipped to be a significant leap forward. Apple, a leading smartphone brand, has reportedly been preparing …
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Democratic countries shift emissions abroad while cutting them at home, new research says Democratic countries are often viewed as climate leaders but new research suggests their greener records may come from shifting pollution overseas rather than cutting it outright. Democracies tend to outsource the environmental damage of their consumption to other nations more than autocratic states do, a study published …
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Speculation surrounding the state of the couple’s marriage has been rife given Melania’s infrequent appearances at the White House Biographer Michael Wolff has claimed that President Donald Trump and First Lady Melania Trump are essentially “separated” following reports that she has spent less than two weeks at the White House since the president’s inauguration. Wolff, who has authored several books …
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The National People’s Power (NPP) government marks six months in office this May, with questions emerging on theprogress with key manifesto promises. After securing a decisive electoral victory with President Anura Kumara Dissanayake’s win in September 2024 and gaining159 parliamentary seats in November during the Geneal Election, the administration now faces scrutiny on its implementation record. Recent local government election results indicate growing …
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President Anura Kumara Disanayake has urged all Chairpersons of District Coordinating Committees to actively engage in revitalizing the nation’s production-oriented economy and fostering rural development. The President made these remarks during a discussion held this morning (16) at the Presidential Secretariat with the participation of District Coordinating Committee Chairpersons and senior officials of the Ministry of Finance. The 2024 budget …
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Six months after revealing layoffs affecting 9,000 workers, Nissan is more than doubling that amount and cutting 20,000 jobs within the next two years instead. In an announcement on Tuesday, Nissan publicized a recovery plan called “Re:Nissan,” which aims to save the company 500 billion yen ($3.4 billion). The cost savings will partly be realized through layoffs affecting 15% of …
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Microsoft is laying off around 3% of its workforce, beginning Tuesday. While Microsoft didn’t give an exact number, as of June 2024, the tech giant employed around 228,000 full-time workers, which means more than 6,600 employees could be laid off. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft …
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