PM May tries to tweak defeated Brexit plan, refuses to rule out no-deal

Views - 6 Wednesday, 23 January 2019 00:00

LONDON (Reuters): British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border. With littl

Trust in Russia’s Putin falls to 13-year low: State pollster

Views - 7 Wednesday, 23 January 2019 00:00

MOSCOW (Reuters): Public trust in President Vladimir Putin has fallen to its lowest level in 13 years, according to a Russian state pollster, a setback for the Kremlin which works hard to burnish Putin’s image as a wise father-of-the-nation-style l

BJP dismisses opposition election alliance

Views - 6 Wednesday, 23 January 2019 00:00

NEW DELHI (Reuters): The Bharatiya Janata Party (BJP) on Monday dismissed the opposition’s chances at upcoming elections after hundreds of thousands of people attended a weekend rally bringing together 23 disparate parties opposed to Prime Minister

Democratic US Senator Kamala Harris jumps into 2020 White House race

Views - 8 Wednesday, 23 January 2019 00:00

WASHINGTON (Reuters): First-term Democratic Senator Kamala Harris of California, a rising party star and outspoken critic of President Donald Trump’s immigration policies, launched her 2020 campaign for the White House on Monday by touting her back

IMF warns trade confrontations, uncertainty threaten global growth

Views - 9 Tuesday, 22 January 2019 00:12

DAVOS, AFP: The US-China trade confrontations, Brexit and other uncertainties are threatening to drag down global growth even further, the International Monetary Fund warned Monday. In an update to its global economic forecasts that was even more pe

China’s economy cools in 4Q, 2018 growth of 6.6% a 28-year low

Views - 10 Tuesday, 22 January 2019 00:11

BEIJING (Reuters): China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weake

UN sees global economy growing 3% in 2019 but beset by risk

Views - 7 Tuesday, 22 January 2019 00:11

GENEVA (Reuters): The United Nations expects the global economy to grow 3.0% this year and in 2020, slightly below a 3.1% expansion in 2018, it said on Monday. But urgent and concrete policy action is needed to put the world on track to meet the U.N.

Modi considers cheap loans, other help for small Indian businesses

Views - 8 Tuesday, 22 January 2019 00:10

NEW DELHI (Reuters): Prime Minister Narendra Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two government sources with direct knowledge of the matter said, as he tries to placate a ke

Japan recession risk rises on US-China trade war, global slowdown: Reuters poll

Views - 7 Tuesday, 22 January 2019 00:10

TOKYO (Reuters): Chances that Japan will slide into a recession this coming fiscal year have grown over the past three months, a Reuters poll of economists found, pressured by a global economic slowdown and US-China trade friction. Economists said wh

Philippines holds referendum for Muslim autonomy in troubled south

Views - 8 Tuesday, 22 January 2019 00:00

MANILA (Reuters): Minority Muslims in the southern Philippines cast votes on Monday in a long-awaited referendum on autonomy – the culmination of a peace process to end decades of separatist conflict in a region plagued by poverty, banditry and Isl

Swedish PM names Cabinet with few changes to kick off second term

Views - 6 Tuesday, 22 January 2019 00:00

STOCKHOLM (Reuters): Sweden’s Social Democrat Prime Minster Stefan Lofven kept his Cabinet broadly unchanged as he outlined plans for a major shift to the right in policy in his second term in office, including tax cuts and reform of the labour mar

Modern China’s birth rate falls to lowest ever

Views - 7 Tuesday, 22 January 2019 00:00

BEIJING (Reuters): China’s birth rate last year fell to its lowest since the founding of the People’s Republic of China 70 years ago, official data showed on Monday, as looser population controls fail to encourage couples to have more babies. The

Pope touts ‘Click to Pray’ app ahead of World Youth Day

Views - 6 Tuesday, 22 January 2019 00:00

VATICAN CITY, (AFP): Pope Francis on Sunday recommended a praying app called “Click to Pray” ahead of a World Youth Day festival in Panama that allows users to share their prayers online. “Internet and the social networks are a resource of our

Israel strikes in Syria in more open assault on Iran

Views - 5 Tuesday, 22 January 2019 00:00

BEIRUT/JERUSALEM (Reuters): Israel struck in Syria early on Monday as part of its increasingly open assault on Iran’s presence there, shaking the night sky over Damascus with an hour of loud explosions in a second consecutive night of military acti

U.S. Senator Graham urges Trump to meet Pakistan PM Khan

Views - 6 Tuesday, 22 January 2019 00:00

ISLAMABAD (Reuters): U.S. Republican Senator Lindsey Graham said on Sunday that President Donald Trump should meet Pakistani Prime Minister Imran Khan as soon as possible to reset long-difficult U.S. relations with Pakistan and push for a peaceful se

Trump says no amnesty for ‘Dreamers,’ signals support in broader deal

Views - 10 Tuesday, 22 January 2019 00:00

WASHINGTON (Reuters): President Donald Trump said on Sunday his proposed immigration deal to end a 30-day partial government shutdown would not lead to amnesty for “Dreamers,” but he appeared to signal support for amnesty as part of a broader imm

Don’t hijack Brexit, minister warns Britain’s Parliament

Views - 4 Tuesday, 22 January 2019 00:00

LONDON (Reuters): Parliament cannot be allowed to hijack Brexit, Trade Minister Liam Fox said on Sunday, in a warning to lawmakers who want to take more control over Britain’s departure from the European Union. With just weeks to go before Britain

Parliament cannot hijack Brexit, says British minister Fox

Views - 4 Monday, 21 January 2019 00:00

LONDON, REUTERS: Britain’s parliament has no right to try to “hijack the Brexit process”, Trade Minister Liam Fox said on Sunday, after several lawmakers indicated they were launching attempts to take more control over the departure from the Eu

Clashes break out in France as ‘yellow vests’ stage latest protest

Views - 7 Monday, 21 January 2019 00:00

PARIS (Reuters) - Clashes broke out throughout France on Saturday, as an estimated 84,000 “yellow vests” demonstrators took to the streets in a 10th consecutive weekend of protests against President Emmanuel Macron’s government. The demonstrati

Women protest in hundreds of US cities for third straight year

Views - 5 Monday, 21 January 2019 00:00

WASHINGTON (Reuters): Women marched in hundreds of US cities and overseas on Saturday to mark the second anniversary of demonstrations that drew millions of protesters to the streets the day after Republican President Donald Trump’s inauguration in

Britain’s Prince Philip warned by police over seat belt, two days after crash

Views - 6 Monday, 21 January 2019 00:00

LONDON, REUTERS: Queen Elizabeth’s 97-year-old husband Prince Philip received a warning from police after he was photographed apparently driving without a seat belt, just two days after he was involved in a crash while at the wheel. Newspapers sho

Opposition stages giant joint rally to oust Modi

Views - 10 Monday, 21 January 2019 00:00

KOLKATA, India (Reuters): India’s main opposition parties joined forces against Prime Minister Narendra Modi on Saturday at a rally which attracted hundreds of thousands of people, months ahead of elections. The 23 regional groups said they forged

China trims 2017 GDP growth rate just before 2018 pace unveiled

Views - 23 Monday, 21 January 2019 00:00

BEIJING (Reuters): China’s statistics bureau on Friday revised down its final 2017 gross domestic product (GDP) growth to 6.8% from 6.9%, after scaling back initial estimates of the industrial and services sector. The National Bureau of Statistics

EU to hit Chinese e-bikes imports with tariffs

Views - 24 Monday, 21 January 2019 00:00

BRUSSELS (Reuters): The European Union will impose duties from Saturday on Chinese electric bicycles to curb cheap imports which European producers say benefit from unfair subsidies and are flooding the market. E-bikes coming from China will be subje

Singapore’s December exports post worst fall in two years

Views - 22 Monday, 21 January 2019 00:00

SINGAPORE (Reuters): Singapore’s exports recorded their worst decline in more than two years in December as shipments of electronics and pharmaceuticals plunged, official data showed last week. The unexpected decline comes despite ongoing trade tal

US consumer sentiment at two-year low, manufacturing rebounds

Views - 12 Monday, 21 January 2019 00:00

WASHINGTON (Reuters): US consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as an ongoing partial shutdown of the federal government and financial market volatility stoked

Alstom expects to complete Siemens tie-up in first-half of 2019

Views - 17 Monday, 21 January 2019 00:00

PARIS (Reuters): French transport infrastructure group Alstom said it was making progress on its planned tie-up with Germany’s Siemens, as the pair fight to win over regulators concerned that the deal could stifle competition in the sector. “The

IMF: No-deal Brexit is biggest risk to Britain’s economy

Views - 18 Monday, 21 January 2019 00:00

WASHINGTON (Reuters): An exit by Britain from the European Union without a framework agreement to preserve some economic integration is the biggest near-term risk to the British economy, an International Monetary Fund spokesman said last week. IMF sp

Murdoch seeks permission to merge UK’s Times and Sunday Times

Views - 13 Monday, 21 January 2019 00:00

LONDON (Reuters): Rupert Murdoch’s London-based newspapers The Times and Sunday Times have asked the British government for permission to share resources across both titles, a move that is barred under rules imposed when the media mogul bought both

Modi’s pre-election handouts to cost India billions, breach fiscal targets sources

Views - 3 Saturday, 19 January 2019 00:10

NEW DELHI (Reuters): A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than Rs. 1 trillion ($14 billion), two sources with direct knowledge of the matter said

Today's Columnists

Public sector and corruption: Who should be accountable?

Thursday, 21 February 2019

Member of the Commission to Investigate Allegations of Bribery or Corruption Neville Guruge said 25% of the 1.5 million public servants in Sri Lanka were corrupt and that their malpractices were going on unchecked due to the lethargic attitude of the

Sri Lanka apparel exports $ 5 b milestone, what lessons to learn and what does it mean for SL?

Thursday, 21 February 2019

The export figures in December 2018 saw Sri Lanka’s ready-made garments industry for the first time crossing the $ 5 billion mark for the first time in history. It is the first export industry that has achieved this number in Sri Lanka since the co

A new route to global markets

Thursday, 21 February 2019

A country’s economic prosperity is associated with the ownership of powerful global brands. Look at the world’s most valuable brands and see who owns them. Many companies headquartered in the USA: Apple, Google, Amazon, Microsoft, Coca-Cola, Disn

‘Made in Everywhere Except Here’! Dependence of our independence

Thursday, 21 February 2019

Seventy-one years since 4 February 1948 is what our senses had been informed living in this beautiful isle since independence. Over the last 71 years we also have constantly described ourselves as a developing nation. As the day approaches having pla

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