International

Australia at risk of GDP contraction after disappointing data

/ Thursday, 8 December 2016 00:01

Reuters: Australia’s economy looks to have ground to a halt last quarter and could even have contracted as both international trade ...


Tamil Nadu names successor as thousands mourn charismatic leader Jayalalithaa

/ Wednesday, 7 December 2016 00:01

Reuters: The party of Jayalalithaa Jayaram, a powerful politician who died on Monday, appointed a loyalist to lead Tamil Nadu and keep her...


Italy’s Renzi to resign after referendum rout

/ Tuesday, 6 December 2016 00:02

Reuters: Italian Prime Minister Matteo Renzi is set to resign on Monday after suffering a crushing defeat on Sunday in a referendum on constitution...


New Zealand PM Key announces shock resignation, backs finance minister

/ Tuesday, 6 December 2016 00:01

Reuters: New Zealand Prime Minister John Key, who won praise for his economic stewardship after the global financial crisis, unexpectedly announced...


India fails to break deadlock on GST

/ Monday, 5 December 2016 00:01

Reuters: Finance Minister Arun Jaitley’s plan to launch a new national sales tax next April got a jolt on Saturday after a two-day m...


Asia shares pare gains; Treasury yields, oil off highs

/ Saturday, 3 December 2016 00:00

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, 21 April, 2016 – REUTERS  ...


Pro-EU party wins British local election in Brexit ‘shockwave’

/ Saturday, 3 December 2016 00:00

  LONDON 2 (Reuters) - Britain’s pro-European Union Liberal Democrats party won a parliamentary seat previously held by...


OPEC in first joint oil cut with Russia since 2001, Saudis take “big hit”

/ Friday, 2 December 2016 00:01

Reuters: OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its producti...


Romney, potential US secretary of state, hails Trump after dinner

/ Thursday, 1 December 2016 00:00

  Reuters: Republican Mitt Romney made an impassioned statement in support of President-elect Donald Trump on Tuesday to try ...


Oil jumps 7% on prospects for big OPEC output cut

/ Thursday, 1 December 2016 00:00

Reuters: Oil prices jumped more than 7% on Wednesday as some of the world’s largest oil producers gathered in Vienna to agree on a production...


India launches new tax evasion amnesty scheme to unearth unaccounted cash

/ Wednesday, 30 November 2016 00:01

Reuters: Indian Finance Minister Arun Jaitley on Monday unveiled a scheme to give tax dodgers another chance to come clean, as he sought t...


Trump, without evidence, says illegal voting cost him US popular vote

/ Tuesday, 29 November 2016 00:03

Reuters: US President-elect Donald Trump said in a tweet on Sunday that he won the popular vote in the Nov. 8 election “if you deduct the mil...


Fillon wins French conservative presidential ticket

/ Tuesday, 29 November 2016 00:02

Reuters: Hardline reformist Francois Fillon scored a resounding win in France’s conservative primaries on Sunday, making him favourite to win...


Modi calls for move towards cashless society

/ Tuesday, 29 November 2016 00:01

Reuters: Indian Prime Minister Narendra Modi on Sunday urged the nation’s small traders and daily wage earners to embrace digital payment cha...


British wage growth looks ‘dreadful’ after Brexit: IFS

/ Monday, 28 November 2016 00:01

Reuters: Britain’s wage growth prospects look “dreadful”, a leading think tank said on Thursday, after official economic...


Asian stocks pull ahead as dollar edges back, US yields resume climb

/ Saturday, 26 November 2016 00:01

Reuters: Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that ...


Samsung Group, pension fund offices raided in growing S. Korea scandal

/ Friday, 25 November 2016 00:00

Reuters: South Korean prosecutors raided the offices of Samsung Group on Wednesday, a prosecution official said, after media reports of alleged lin...


China says it will promote trade deals regardless of TPP, RCEP direction

/ Friday, 25 November 2016 00:00

U.S. President Barack Obama holds meeting with Trans-Pacific Partnership (TPP) leaders at the APEC Summit in Lima, Peru November 19, 2016. REUTERS ...


Trump won with lowest minority vote in decades, fuelling divisions

/ Thursday, 24 November 2016 00:01

Voters cast their votes during the U.S. presidential election in Elyria, Ohio, U.S. 8 November, 2016 - REUTERS Reuters: Donald Tru...


China says 3,000 flee Myanmar after fighting along border

/ Wednesday, 23 November 2016 00:00

Rohingya refugees waiting to enter the Kutupalang Refugee Camp in Cox’s Bazar, Bangladesh, 21 November, 2016 - Reuters   ...


Today's Columnists

Researchers and elephants – we have a problem!

8 December 2016

 John Dewey said that “every great advance in science has come from a new audacity of imagination” and these acts of imagination have to come from researchers. The numbers for Sri Lanka appear to be really worrying as the critica...


CEB Engineers, back to old practices

7 December 2016

   Considering the low reliability of the Norochcholai coal-fired power plant, Sri Lanka could face energy and capacity shortages in 2018-2019 and under drought  conditions even with planned plant additions   ...


Policy contradictions hold back economic prospects

7 December 2016

   Whilst fiscal adjustments are in disarray, the Central Bank which is supposed to conduct the country’s monetary policy independently is being increasingly subject to political influence, according to recent newspaper rep...


Why agricultural value chains fail – Part (2): A principal-agent-problem

7 December 2016

  A tea cultivation in Nuwara Eliya – Pic by Shehan Gunasekara   It is time to move away from traditional subsidy based agricultural value chains and look for more efficient methods. Some organisations are a...


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