231 Bangladesh factories ordered shut to save key river

Views - 13 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 - 6 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 - 6 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 - 10 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 - 11 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 - 10 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 - 8 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 - 9 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 - 4 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

Oil steady ahead of data seen confirming sluggish China growth

Views - 6 Saturday, 18 January 2020 00:01

TOKYO (Reuters): Oil prices were steady on Friday as investors braced for data expected to show China’s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited tr

Rescuers hunt for survivors as Pakistan landslide death toll rises

Views - 8 Saturday, 18 January 2020 00:00

MUZAFFARABAD, Pakistan (Reuters): Army helicopters flew rescue missions for the third day running in an avalanche-hit area of Pakistani-Kashmir as the death toll from the disaster rose to 77 on Thursday, officials said. The latest victim of the avala

Girl buried under Pakistan avalanche for 18 hours is found alive

Views - 4 Saturday, 18 January 2020 00:00

MUZAFFARABAD, Pakistan (Reuters): A 12-year-old girl was found alive on Tuesday after being buried for 18 hours when an avalanche in Pakistan-controlled Kashmir engulfed the family house, her mother said on Wednesday. Samina Bibi recalled screaming a

Concerns linger after US and China sign initial trade deal

Views - 14 Friday, 17 January 2020 00:00

Beijing/Washington (Reuters): China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 1

Australia seen waiting till March for sustained rains to douse bushfires

Views - 5 Friday, 17 January 2020 00:00

SYDNEY (Reuters): Australia will have to wait until March for rains heavy enough to bring sustained relief from dry weather that has fuelled deadly bushfires, the country’s weather bureau said on Thursday. Over the past few months the bushfires hav

Russia’s ruling party approves Putin’s pick for new PM

Views - 9 Friday, 17 January 2020 00:00

Moscow (Reuters): Russia’s ruling party on Thursday unanimously backed President Vladimir Putin’s surprise choice for Prime Minister, Mikhail Mishustin, a man with almost no political profile. Mishustin’s elevation is part of a sweeping shake-u

China’s Xi to tie up Belt and Road deals in ‘historic’ Myanmar visit

Views - 7 Friday, 17 January 2020 00:00

Yangon (Reuters): China’s President Xi Jinping will visit Myanmar on Friday to ink massive infrastructure deals and extend influence in a neighbour whose ties with the West were frayed by accusations that it conducted genocidal policies against eth

Putin unveils shake-up that could extend his influence as PM, cabinet quit

Views - 8 Thursday, 16 January 2020 00:33

Moscow (Reuters): Russian President Vladimir Putin proposed constitutional changes on Wednesday that would give him leeway to extend his grip on power after leaving the presidency, and picked a new prime minister after Dmitry Medvedev and his cabinet

U.S., China reset trade relationship with Phase 1 agreement

Views - 8 Thursday, 16 January 2020 00:31

Washington (Reuters): The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US goods and services, defusing an 18-month conflict between the world’s two largest econ

Iran makes arrests in plane shoot down, Police crackdown on protests

Views - 12 Thursday, 16 January 2020 00:31

DUBAI (Reuters): Iran said on Tuesday it had arrested people accused of a role in shooting down a Ukrainian airliner and had also detained 30 people involved in protests that have swept the nation for four days since the military belatedly admitted i

Indian Supreme Court confirms four men to hang for 2012 Delhi gang rape and murder

Views - 6 Thursday, 16 January 2020 00:30

NEW DELHI (Reuters): The Supreme Court on Tuesday dismissed pleas for a review of the death sentence handed down to four men in the gang rape and murder of a young woman on a bus in New Delhi, leaving an appeal to the President as their only possible

Rain offers Australian bushfire hope, but smoke hits tennis stars

Views - 9 Wednesday, 15 January 2020 01:36

Hopes of containing Australia’s months-long bushfire crisis rose yesterday with heavy rain forecast, but toxic smoke in Melbourne disrupted warm-up events for the year’s first tennis Grand Slam.

UK’s queen agrees grandson Harry, wife Meghan can exit senior royal role

Views - 10 Wednesday, 15 January 2020 01:34

Queen Elizabeth has reluctantly agreed to her grandson Prince Harry and his wife Meghan’s wish for a more independent future after the British royal family held crisis talks on Monday to resolve a widening rift among the Windsors.

5,000 feral camels culled in drought-hit Australia

Views - 7 Wednesday, 15 January 2020 01:32

Helicopter-borne marksmen killed more than 5,000 camels in a five-day cull of feral herds that were threatening indigenous communities in drought-stricken areas of southern Australia, officials said Tuesday.

Over 50 dead in avalanches in Pakistan

Views - 7 Wednesday, 15 January 2020 01:31

At least 57 people were killed and others were missing after avalanches in Pakistan-controlled Kashmir over the last 24 hours, senior government officials said on Tuesday.

Today's Columnists

COVID-19 – The dark side of global supply chains

Monday, 17 February 2020

The coronavirus, now known as COVID-19, outbreak in China has slowly but steadily rattled the global economy, disrupting virtually every major industry, from food, fashion, pharmaceuticals, entertainment to automobiles and technology. The first casu

Covid-19 and its effect on the airline industry

Monday, 17 February 2020

The effects of the Coronavirus, now named Covid-19 by the World Health Organization (WHO), has already had a numbing effect on the airline industry. Sadly, it appears that the worst is yet to come. SARS in 2002 Readers who remember the Severe Acute

Coronavirus epidemic and China’s slowdown: Economic impact on Sri Lanka

Monday, 17 February 2020

On 28 January 2020, the World Health Organization (WHO) declared the outbreak of the novel coronavirus (2019-nCoV) a global emergency. The new virus emerged in Wuhan, the capital of Hubei Province in China but has now spread to at least 27 other coun

Doing bigger and better

Monday, 17 February 2020

When I say this to my colleagues, many misinterpret it as working for a bigger enterprise with better perks. Well, that is not what I mean. This truly is a confusing and opportunistic statement. During the three decades of my entrepreneurial exper

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