Shares hold ground as China virus fears persist; euro hits seven-week low after ECB

Views - 1 Saturday, 25 January 2020 00:05

TOKYO (Reuters): Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors’ fears that a new coronavirus in China could spread faster as millions of people would b

Democrats in impeachment trial say Trump abused his power for political gain

Views - 1 Saturday, 25 January 2020 00:02

WASHINGTON (Reuters): Democrats worked methodically at US President Donald Trump’s impeachment trial on Thursday to dismantle his long-standing allegation that Democratic presidential contender Joe Biden acted improperly toward Ukraine while vice p

‘No, No America’: Thousands of Iraqis rally against US military presence

Views - 1 Saturday, 25 January 2020 00:02

BAGHDAD (Reuters): Thousands of Iraqis rallied at two central Baghdad intersections on Friday after a prominent cleric called for a “million strong” protest against the American military presence, following the US killing of an Iranian general an

‘The gate of justice is opened’: Rohingya cheer as World Court orders Myanmar to protect them

Views - 1 Saturday, 25 January 2020 00:01

COX’S BAZAR, Bangladesh/Yangon (Reuters): Rohingya Muslims celebrated a decision by the International Court of Justice to order Myanmar to protect them, hovering over mobile phones in refugee camps to watch the first legal victory since a military-

China locks down two cities at epicentre of virus outbreak

Views - 8 Friday, 24 January 2020 00:00

BEIJING (Reuters): China put on lockdown on Thursday two cities at the epicentre of a new coronavirus outbreak that has killed 17 people and infected nearly 600, as health authorities around the world scramble to prevent a global pandemic. Health off

World Court orders Myanmar to take steps to protect Rohingya

Views - 7 Friday, 24 January 2020 00:00

THE HAGUE (Reuters): The International Court of Justice on Thursday ordered Myanmar to take urgent measures to protect its Muslim Rohingya population from persecution and atrocities, and preserve evidence of alleged crimes against them. Mostly Muslim

Mumbai bets on all-night shopping to lift India’s economy

Views - 6 Friday, 24 January 2020 00:00

MUMBAI (Reuters): Residents of Mumbai will be able to shop and dine out until dawn from late this month as the Indian city plans to lift restrictions on retail trading hours in order to boost the local economy. With India’s economy growing at its s

Get an economics degree Greta, then let’s talk – US Treasury chief

Views - 9 Friday, 24 January 2020 00:00

DAVOS, Switzerland (Reuters): Just when the Swiss mountain spat between U.S. President Donald Trump and Greta Thunberg seemed to have blown over, US Treasury Secretary Steven Mnuchin took a new dig at the young climate activist on Thursday. Asked dur

Asian stocks bounce as investors welcome China virus response

Views - 11 Thursday, 23 January 2020 01:41

SINGAPORE (Reuters): Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tour

Supreme Court gives government more time to explain divisive citizenship law

Views - 5 Thursday, 23 January 2020 01:40

New Delhi (Reuters): The Supreme Court declined calls to suspend the implementation of a new citizenship law on Wednesday, deciding that a constitutional bench of five judges was needed to hear all the challenges to legislation that critics say discr

China virus deaths hit 17, heightening global alarm

Views - 5 Thursday, 23 January 2020 01:36

Beijing/Shanghai (Reuters): Deaths from China’s new virus rose to 17 on Wednesday with more than 540 cases confirmed, increasing fears of contagion from an infection suspected to originate from illegally-traded wildlife. The previously unknown, flu

Imran Khan calls for UN action on India dispute

Views - 9 Thursday, 23 January 2020 01:36

Davos, Switzerland (Reuters): Pakistan’s Prime Minister Imran Khan called on Wednesday for the United Nations to help mediate between nuclear armed India and Pakistan over the disputed territory of Kashmir. “This is a potential flashpoint,” Kha

Trump calls for more overseas investment in US as impeachment trial begins

Views - 9 Wednesday, 22 January 2020 00:02

Davos (Reuters): Thousands of miles from his Washington impeachment trial, President Donald Trump took centre stage at Davos to tout the success of the US economy, while criticising the US Federal Reserve on Tuesday. Trump, marking his second meeting

Iranian MP offers $3 million reward for “whoever kills Trump”: ISNA

Views - 13 Wednesday, 22 January 2020 00:02

Dubai (Reuters): An Iranian lawmaker offered a $3 million reward to anyone who killed US President Donald Trump and said Iran could avoid threats if it had nuclear arms, ISNA news agency reported on Tuesday amid Tehran’s latest standoff with Washin

Trump lawyers call for immediate acquittal in legal, political defence

Views - 8 Wednesday, 22 January 2020 00:02

WASHINGTON (Reuters): US President Donald Trump on Monday rejected the Democratic-led House of Representatives’ impeachment charges and called for their immediate dismissal by the Republican-led Senate in a memo offering a legal and political case

231 Bangladesh factories ordered shut to save key river

Views - 11 Wednesday, 22 January 2020 00:01

Dhaka, AFP: Bangladesh’s high court has ordered the shutdown of 231 factories that have contributed to Dhaka’s main river becoming one of the world’s most polluted, a lawyer said Tuesday. The country is crisscrossed by hundreds of rivers, but a

Oil prices ease as supply risk concerns fade

Views - 5 Wednesday, 22 January 2020 00:01

SINGAPORE (Reuters): Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade. Brent crude was trading down 30 cents, or 0.5%, a

BOJ holds fire, nudges up growth f’cast on receding global risks

Views - 5 Wednesday, 22 January 2020 00:00

TOKYO (Reuters): The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government’s stimulus package and receding pessimism over the global outlook took some pressure off the central bank to to

Capitalism seen doing ‘more harm than good’ in global survey

Views - 8 Tuesday, 21 January 2020 00:00

LONDON (Reuters): A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week’s Davos meeting of business and political leaders. This year was the first time the “Ed

Feel good factor keeps world stocks near record highs, oil jumps

Views - 8 Tuesday, 21 January 2020 00:00

LONDON (Reuters): World stocks held near record highs yesterday as generally better data and earnings bolstered sentiment, while oil prices hit their highest in over a week after two large crude production bases in Libya began shutting down following

China confident of stabilising industrial growth in 2020

Views - 9 Tuesday, 21 January 2020 00:00

BEIJING (Reuters): China is confident of maintaining steady industrial growth this year despite big pressures on the sector, underpinned by tax cuts and broad policy support, Minister of Industry and Information Technology Wei said on Monday. The cou

Britain to set out goals for trade talks with EU

Views - 6 Tuesday, 21 January 2020 00:00

LONDON (Reuters) - Britain will publicly set out its goals for its future partnership with the European Union, a spokesman for Prime Minister Boris Johnson said on Monday. “We will set out in public what we want to achieve,” the spokesman said in

Australia targets Indian investment to develop remote north amid China tensions

Views - 7 Tuesday, 21 January 2020 00:00

SYDNEY (Reuters): Australia’s government aims to boost investment from India to develop its remote north, seen as a front door to lucrative Asian markets, amid concerns that tighter regulatory oversight and diplomatic tensions with Beijing will cur

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

Views - 11 Monday, 20 January 2020 00:13

BEIJING (Reuters): China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.

Police fire tear gas to disperse thousands in central Hong Kong

Views - 7 Monday, 20 January 2020 00:12

HONG KONG (Reuters): Police fired tear gas yesterday to disperse thousands of anti-Government protesters who gathered in a central Hong Kong park but later spilled onto the streets, briefly barricading roads and spray-painting buildings. Out in numbe

UK’s Javid aims to double UK growth after Brexit

Views - 15 Monday, 20 January 2020 00:12

LONDON (Reuters): Finance Minister Sajid Javid is aiming to roughly double Britain’s underlying rate of economic growth after it leaves the European Union, but will not champion big manufacturing sectors that want to stick to EU rules. In an interv

Yemen’s President tells army to be on alert after camp attack kills 79

Views - 7 Monday, 20 January 2020 00:11

ADEN (Reuters): Yemen’s President told the military on Sunday it needed to be on alert and ready for battle after an attack a day earlier by Iran-aligned Houthis on a military training camp in the city of Marib that forces loyal to the president sa

Despite shake-up, Putin rejects idea of Soviet-style leaders for life

Views - 8 Monday, 20 January 2020 00:08

MOSCOW (Reuters): President Vladimir Putin said on Saturday he did not want Russia to return to the late Soviet-era practice of having lifelong rulers who died in office without a proper succession strategy. His comments, made to World War Two vetera

Trump impeachment trial opens as watchdog faults White House on Ukraine

Views - 7 Saturday, 18 January 2020 00:02

WASHINGTON (Reuters): The Senate impeachment trial on whether to remove US President Donald Trump from office formally began on Thursday even as a congressional watchdog found that the White House broke the law by withholding security aid for Ukraine

Mikhail who? Weary Russians welcome change of prime minister

Views - 3 Saturday, 18 January 2020 00:01

MOSCOW (Reuters): Few people on the streets of Moscow on Thursday had heard of Mikhail Mishustin, the former Federal Tax Service chief plucked from relative obscurity by President Vladimir Putin this week to serve as new prime minister. But many welc

Today's Columnists

Forensic Audits part of bond scam cover-up

Saturday, 25 January 2020

From the time the bond scam was carried out by the Ranil Wickremesinghe administration, that administration under the guidance of the former Prime Minister had been avoiding the law by regularly bringing up various distractions so that the true natur

Halting mega projects is untimely; Govt. can explore other options

Friday, 24 January 2020

In a Sunday newspaper on 5 January a news item titled ‘Mega projects on hold until August budget,’ ‘Drop in revenue after tax reductions prevents spending on major constructions,’ was not a development-friendly headline. It may be accurate o

Is any further expenditure on the Port City a waste of money?

Friday, 24 January 2020

Erase from the mind all that you have read and heard about it. Then take a blank piece of paper, draw an irregular circle, and draw a line to divide it into two. On the bottom half write 300 acres. That is our Port City! To get the size into a proper

Foundations of incivility

Friday, 24 January 2020

The lack of advanced political consciousness and democratic discipline can be considered as one of the main reasons for the crisis and the failure that Sri Lanka is facing. This can be considered a situation that has prevailed since independence. Sri

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