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Reuters: Iran’s President said on Wednesday his country was under constant threat of military action from “uncivilised Zionists” and called for a new world order not dominated by Western powers in the service of “the devil.” In his eighth and likely final address to the U.N. General Assembly’s annual gathering of world leaders, Mahmoud Ahmadinejad ...
Reuters: Russia warned the West on Tuesday against unilateral action on Syria, a day after U.S. President Barack Obama threatened “enormous consequences” if his Syrian counterpart used chemical or biological arms or even moved them in a menacing way. Russian Foreign Minister Sergei Lavrov, speaking after meeting China’s top diplomat, said Moscow and Beijing were ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank last week. In fact, migrants may have mitigated some of the pain of the crisis as they ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
News Butterfly, the unique TV programme from the US’ FOX news network, is now filming in Colombo for an exclusive segment on Sri Lanka’s new upswing. News Butterfly Market Place (NBMP) is described as a ‘unique women’s movement on TV’. According to NBMP, ‘the programme is a TV Channel venture for beautiful and talented women ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
Arab News: RIYADH: Saudi businessmen have evinced immense interest in attending the upcoming the Sri Lanka Expo 2012 scheduled from 28 to 30 March in Colombo, Sri Lankan Embassy’s Commercial Counselor Anil Sirimanna said. The Sri Lanka Export Development Board (EDB) has organised the three-day event being held at the Bandaranaike Memorial International Conference Hall ...
Reuters: Iran, facing sanctions that could cripple its oil exports, has told world powers it wants to resume long-stalled talks with “new initiatives”, and France said it might be open to addressing suspicions about its nuclear programme. Tehran made the offer in a letter to the EU’s foreign policy chief obtained by Reuters on Thursday, ...
Nearly half (48%) of the 1,258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC’s 15th Annual Global CEO Survey. Just 15% said the global economy will improve during 2012. However, nearly three times as many CEOs are confident in their own companies’ growth prospects ...
Reuters: The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks. The United States and Canada said on Wednesday Europe must ...
Reuters: Israeli and Palestinian negotiators will meet this week after more than a year of deadlock in peacemaking, officials said on Sunday, but both sides played down prospects of any imminent resumption of talks. Yitzhak Molcho of Israel and Palestinian negotiator Saeb Erekat will meet on Tuesday in Jordan alongside representatives of the Quartet of ...
Reuters: Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil. Western tensions with Iran have increased since a November 8 report by the ...
10 events and trends that were overlooked this year, but may be leading the headlines in 2012 Foreignpolicy.com: What events and trends flew under the radar in 2011 but could erupt into massive headline-grabbers in 2012? Foreign Policy rounds up the top 10 “stories you missed” this year. 1. India’s military buildup China’s new aircraft ...
Reuters: The World Trade Organization (WTO) clinched a landmark reform of its government procurement agreement, opening $100 billion of government contracts to foreign competition and paving the way for more countries, including China, to join the pact. “It’s an extremely positive development for the parties to this agreement, for the organisation and for the world ...
Reuters: Arab foreign ministers stopped short of suspending Syria from their regional organisation on Sunday over its military crackdown on dissent, instead urging the government and opposition to negotiate an end to the violence. “We will call all of the parties of the opposition and government to hold a dialogue within 15 days,” the League’s ...
This is a headline article of Khaleej Times – one of the most prominent and leading newspapers in the United Arab Emirates. According to the news item 350milion population in the Arab World is in need of 160,000 doctors. In the UAE out of the population 80% are expatriates mainly from South Asia. The ...
Reuters: England piled more misery on India with a thrilling six-wicket victory in a one-off Twenty20 match at Old Trafford on Wednesday. After losing the test series 4-0, India started brightly in the shortest version of the game and racked up 165 all out, only to see England reach their target with three balls to ...
It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...
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