International

Modi calls for global conference on terrorism

Views - 10 Monday, 10 June 2019 00:00

MALE, Maldives (Reuters): Indian Prime Minister Narendra Modi has called for a global conference to tackle the threat of terrorism in the region and around the world. During a speech on his first foreign visit since winning re-election, he told the M


UK’s Johnson threatens to withhold $ 50 billion Brexit payment

Views - 11 Monday, 10 June 2019 00:00

Reuters: Boris Johnson, the leading candidate to succeed Theresa May as Britain’s next prime minister, said he would withhold a previously agreed 39 billion pound ($50 billion) Brexit payment until the European Union gives Britain better exit terms


Iran urges Europe to normalise economic ties with it or face consequences

Views - 9 Monday, 10 June 2019 00:00

LONDON (Reuters): Iran said on Sunday that Europe was not in a position to criticise Tehran for its military capabilities, and called on European leaders to normalise economic ties with the Islamic Republic despite US sanctions or face consequences.


Tens of thousands gather in Hong Kong for rally against China extradition bill

Views - 13 Monday, 10 June 2019 00:00

HONG KONG (Reuters): Tens of thousands of people took to Hong Kong’s streets on Sunday in a last bid to block a proposed extradition law that would allow suspects to be sent to China to face trial, with police bracing for the biggest march in the c


Mexico holds off Trump’s fire, but seen vulnerable to new pressure

Views - 12 Monday, 10 June 2019 00:00

MEXICO CITY (Reuters): Mexico avoided the most extreme immigration concession sought by US President Donald Trump in the deal reached to fend off threatened tariffs, but it is left even weaker than before in the face of potential new pressure from Tr


German industry output, exports fall sharply in April

Views - 9 Saturday, 8 June 2019 00:02

BERLIN (Reuters): Both German industrial output and exports fell more than expected in April, data showed on Friday, highlighting the vulnerability of Europe’s largest economy to headwinds from trade frictions and Brexit uncertainty. Industrial out


Some yuan flexibility good, China Central Bank boss tells Bloomberg

Views - 9 Saturday, 8 June 2019 00:02

SHANGHAI (Reuters): A “little bit of flexibility” in the yuan currency is good for the Chinese and global economies, and pressure on the yuan caused by the China-US trade war would be temporary, Bloomberg quoted China’s central bank chief Yi Ga


Strong US jobs growth expected in May, trade tensions a threat

Views - 7 Saturday, 8 June 2019 00:02

WASHINGTON (Reuters): US job growth likely increased solidly in May, with wage gains expected to pick up, showing strength in the labour market before an escalation in trade tensions that analysts have cautioned could pressure an already slowing econ


Asia shares up on policy easing hopes, yuan slips on PBOC signals

Views - 11 Saturday, 8 June 2019 00:01

SYDNEY (Reuters): Asian shares were slightly higher on Friday on expectations global central banks will soon embark on an easing cycle in the face of international trade frictions and fears of a world recession. Those concerns blunted some of the opt


Oil prices rise for second day, climb from five-month lows

Views - 6 Saturday, 8 June 2019 00:00

TOKYO (Reuters): Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend


Global shares subdued as trade risk sours rate hopes

Views - 13 Friday, 7 June 2019 00:00

SYDNEY (Reuters): Share markets were in a muted mood on Thursday as fears the US trade tussle with Mexico would further depress global growth warred with wagers central banks would have to respond with fresh stimulus. MSCI’s broadest index of Asia-


India’s Central Bank cuts rates, turns ‘accommodative’ as economy slows

Views - 6 Friday, 7 June 2019 00:00

MUMBAI (Reuters): The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its monetary policy stance to “accommodative” after the economy grew at its slowest in over fou


Weapon of choice? China rare earth prices soar on their potential role in trade war

Views - 12 Friday, 7 June 2019 00:00

BEIJING (Reuters) : Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington. Ra


Ex-Vatican treasurer’s child sex offence conviction should stand: prosecutor

Views - 10 Friday, 7 June 2019 00:00

MELBOURNE (Reuters): Former Vatican treasurer George Pell’s conviction on child sex offences should stand because a victim’s account was truthful, a prosecutor told an Australian court on Thursday, the final day of the cardinal’s appeal hearing


Journalists in jail? Australia weighs implications of police raids on media

Views - 8 Friday, 7 June 2019 00:00

SYDNEY (Reuters): Australian journalists could face jail for holding classified information, authorities and lawmakers said on Thursday, as police appeared to broaden the scope of their investigation after raids on two media organisations. Police rai


Japanese Minister responds to #KuToo campaign by saying high heels ‘appropriate’

Views - 75 Friday, 7 June 2019 00:00

TOKYO (Reuters): Japan’s Health Minister said in response to a petition seeking a ban on requiring women to wear high heels at work that such dress code expectations are “necessary and appropriate” in the workplace. Health Minister Takumi Nemot


China’s importers apply for tariff waivers on US goods

Views - 9 Thursday, 6 June 2019 00:00

BEIJING (Reuters): Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 US goods in the Sino-US trade war, after the Ministry of Finance said it would start taking submissions. A list of goods on which wa


Fed cheer lifts Asian shares, leaves dollar on back foot

Views - 9 Thursday, 6 June 2019 00:00

Tokyo (Reuters): Asian shares advanced on Wednesday after comments from Federal Reserve officials suggested a US rate cut this year was on the cards, boosting investor sentiment and pushing the dollar lower. The early momentum came from Wall Street


Asian shares fall on weak data as focus shifts to rate cuts

Views - 12 Wednesday, 5 June 2019 00:00

SHANGHAI (Reuters): Asian shares fell on Tuesday as weak economic indicators and an intensifying Sino-US trade war inflamed concerns about global growth, supporting safe-haven assets such as bonds. European equities are also expected to fall. In earl


Oil prices fall as energy demand set to take a hit amid economic slowdown

Views - 9 Wednesday, 5 June 2019 00:00

SINGAPORE (Reuters): Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand, but markets won some support after Saudi Arabia said a consensus was emerging with other producers about extending supply cuts. Front-month Brent cr


Sterling struggles as Trump weighs in on Brexit

Views - 10 Wednesday, 5 June 2019 00:00

LONDON (Reuters): The pound dropped to a 20-week low against the euro on Tuesday amid weak UK data and growing fears of a disruptive Brexit weighing on the currency. The pound has dropped for four straight weeks, hit by concerns that Britain will cra


China warns its companies on US travel, rebuffs trade criticism

Views - 9 Wednesday, 5 June 2019 00:00

Beijing/Washington (Reuters): China warned its companies operating in the United States on Tuesday they could face harassment from US law enforcement agencies, as it also rebuffed US criticism of a trade white paper as “singing the same old tune”


Reeling from tariff threat, Mexico begins immigration talks in Washington

Views - 8 Tuesday, 4 June 2019 00:00

MEXICO CITY (Reuters): Fighting to stave off punitive tariffs announced by US President Donald Trump, a senior Mexican delegation was set to begin high level talks on Monday in Washington, where it will be pushed to do more to hold back Central Ameri


Donald Trump wades into UK’s Brexit crisis as he arrives for State visit

Views - 10 Tuesday, 4 June 2019 00:00

STANSTED, England (Reuters): US President Donald Trump arrived in Britain on Monday for a state visit, with his interventions on Brexit, outgoing Prime Minister Theresa May’s successor and a row over China’s Huawei set to overshadow the pomp and


Global recession fears grow as manufacturing shrinks across Asia

Views - 11 Tuesday, 4 June 2019 00:00

HONG KONG (Reuters): Factory activity contracted in most Asian countries last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers in the region and beyond to r


Stocks, commodities slide as Trump’s trade threats fan recession worries

Views - 10 Tuesday, 4 June 2019 00:00

TOKYO (Reuters): US stock futures and commodity prices slipped while bonds rallied on Monday on worries an intensifying Sino-US trade tussle and Washington’s new tariff threats against Mexico could tip the global economy into a recession. The E-min


Indian officials see little chance of finding missing climbers alive

Views - 11 Monday, 3 June 2019 00:00

MUMBAI (Reuters): Two Indian air force helicopters and a rescue team scoured the Himalayan region around the Nanda Devi mountain for eight missing climbers without success on Sunday and survivors are unlikely to be found, two government officials sai


China says war with US would be a disaster as tensions mount

Views - 18 Monday, 3 June 2019 00:00

SINGAPORE (Reuters): China’s Defence Minister Wei Fenghe said on Sunday that a war with the United States would be a disaster for the world while issuing a warning to Washington not to meddle in security disputes over Taiwan and the South China Sea


Palestinians say US ‘deal of the century’ will finish off their state

Views - 9 Monday, 3 June 2019 00:00

BEIRUT (Reuters): The US blueprint to end the conflict between Israel and the Palestinians, still in draft form after almost two years, is seen by Palestinians, and by some Arab officials and politicians, as a plan to finish off the Palestinian cause


Iran warns any clash in the Gulf would push oil prices above $ 100

Views - 12 Monday, 3 June 2019 00:00

LONDON (Reuters): US military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, warning any clash between the two countries would push oil prices above $ 10


Today's Columnists

We should sell our water

Monday, 22 July 2019

When you read the title of this article, you will probably feel disgusted with me as selling our water has been a controversial topic since a long time ago. By the way, I am talking about virtual water trade and you would be surprised to know that we


A voice of compassion amid howls of zealotry

Monday, 22 July 2019

The unrestrained freedom extended by the current regime to a bunch of saffron-clad street vendors of Sinhala Buddhist zealotry is pushing Sri Lanka once again into a cauldron of ethnic and religious convulsion. The nationwide spread and virulence of


Roger Beteille: The man who reinvented the commercial airliner

Monday, 22 July 2019

The visionary engineer, pilot and manager who led Airbus to some its most significant decisions, passed away last month. Beteille, who was the head of French aircraft manufacturer Sud Aviation’s flight testing section, was made technical director


“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


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