China to keep on path of reform, opening markets: Li

Views - 6 Monday, 9 July 2018 00:00

SOFIA (Reuters): China will stick to the path of opening its markets and other reforms that has lifted its growth, Premier Li Keqiang said on Saturday, a day after the Washington and Beijing slapped tariffs on $34 billion worth of each other’s impo

GM says US import tariffs could mean ‘smaller’ company, fewer jobs

Views - 16 Monday, 9 July 2018 00:00

Reuters: General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a“a smaller GM” while isolating US businesses from the global market.

Euro zone business activity picked up in June but doubts linger: PMI

Views - 3 Monday, 9 July 2018 00:00

LONDON (Reuters): Euro zone business growth accelerated in June, offering encouragement to the European Central Bank to tighten policy, but optimism among purchasing managers was at its lowest ebb since late 2016, a survey found.

Trade frictions disrupt global factory growth

Views - 4 Monday, 9 July 2018 00:00

BENGALURU/HONG KONG (Reuters): Manufacturing activity took a hit in June across Europe and Asia, with exporters losing momentum even before promised trade tariffs kick in, underscoring worries the US administration’s protectionist policies could de

WTO sees signs of trade tensions starting to affect global economy

Views - 5 Monday, 9 July 2018 00:00

GENEVA (Reuters): Trade barriers being erected by major economies could jeopardise the global economic recovery and their effects are already starting to show, the World Trade Organization said last week in a report on trade restrictions among G20 na

Turkey sacks over 18,000 personnel ahead of expected emergency rule lifting

Views - 7 Monday, 9 July 2018 00:00

ANKARA (Reuters): Turkey issued a decree on Sunday, dismissing more than 18,000 civil servants, half of them being from the police force, ahead of this month’s expected lifting of a two-year-old state of emergency imposed after an attempted coup in

Six Thai schoolboys rescued from flooded cave

Views - 7 Monday, 9 July 2018 00:00

CHIANG RAI, Thailand (Reuters): Six of 12 schoolboys have been rescued so far from a flooded Thai cave after divers launched a daring and dangerous mission to free the children and their soccer coach, who were trapped underground for more than two we

Rohingya still fleeing violence, persecution in Myanmar: UN Rights boss

Views - 4 Monday, 9 July 2018 00:00

GENEVA (Reuters): Muslim Rohingya continue to flee Myanmar’s Rakhine state, many testifying about violence, persecution, killings and burning of their homes by soldiers and Buddhists, the United Nations Human Rights Chief said last week.

Ousted Pakistani PM Nawaz Sharif gets 10-year jail term ahead of polls

Views - 7 Monday, 9 July 2018 00:00

ISLAMABAD (Reuters): A Pakistani court on Friday sentenced ousted Prime Minister Nawaz Sharif to 10 years in prison for corrupt practices linked to his family’s purchase of upscale London flats, in a major blow to his party ahead of general electio

Torrential rains kill at least 81 in western Japan; strand 1,850

Views - 5 Monday, 9 July 2018 00:00

KURASHIKI, Japan (Reuters) - The death toll from torrential rain and landslides in western Japan rose to 81 people on Sunday, with dozens still missing after more than 2,000, temporarily stranded in the city of Kurashiki, were rescued.

Stocks, euro rise as shots fired in US-China trade war

Views - 7 Saturday, 7 July 2018 04:19

The imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by markets on Friday with stocks edging higher and the euro climbing a three-week peak, but concerns about the conflict escalating capped gai

Do your Brexit duty, Britain’s May tells her divided government

Views - 4 Saturday, 7 July 2018 04:18

Prime Minister Theresa May called on her government to do its duty and agree a plan for Britain’s future outside the European Union, a last-ditch appeal to ministers to put Brexit rows behind them and take a “step forward”.

Hundreds of thousands evacuated in Japan as “historic” rain falls; two dead

Views - 5 Saturday, 7 July 2018 04:16

Hundreds of thousands of people across a wide swathe of western and central Japan were evacuated from their homes on Friday as torrential rains pounded the nation, flooding rivers, setting off landslides and leaving at least two people dead.

Malaysia’s Mahathir says will raise ‘unfair’ contracts in visit to China

Views - 12 Saturday, 7 July 2018 04:16

Malaysian Prime Minister Mahathir Mohamad said on Friday the “unfairness” of contracts for Beijing-backed projects were a key issue he would raise during a visit to China next month.

Japan hangs 7 members of doomsday cult that attacked subway with sarin

Views - 3 Saturday, 7 July 2018 04:14

Japan executed on Friday the former leader of a doomsday cult and six other members of the group that carried out a sarin gas attack on the Tokyo subway in 1995, killing 13 people and shattering the country’s myth of public safety.

Deaths in Thailand tourist boat accident rise to 27

Views - 4 Saturday, 7 July 2018 04:13

The death toll from the sinking of a tourist boat off Thailand’s Phuket island rose to 27 on Friday as rescue efforts continued to locate 29 people still missing. The Phoenix capsized and sank in rough seas on Thursday with 105 passengers....

China contractor confirms halts work on Malaysia rail link project

Views - 5 Saturday, 7 July 2018 04:10

The Chinese contractor for Malaysia’s $20 billion East Coast Railway Link has confirmed that it suspended all work on the project as Kuala Lumpur seeks to renegotiate the terms of the deal with China.

Trump to OPEC: ‘Reduce pricing now!’

Views - 4 Friday, 6 July 2018 00:00

WASHINGTON (Reuters): US President Donald Trump again accused the Organization of Petroleum Exporting Countries

Malaysia investigates China-backed project links with 1MDB

Views - 5 Friday, 6 July 2018 00:00

KUALA LUMPUR (Reuters): Malaysia is investigating whether part of a loan from a Chinese State-owned bank for projects

Imran Khan’s party gains ground in Pakistan pre-election polls

Views - 9 Friday, 6 July 2018 00:00

ISLAMABAD (Reuters): The Pakistani opposition party led by former cricket star Imran Khan is gaining ground in opinion

Trump to meet Queen Elizabeth despite chorus of discontent

Views - 4 Friday, 6 July 2018 00:00

LONDON (Reuters): When Donald Trump meets Queen Elizabeth next week, he will become the 12th US President

China warns US is ‘opening fire’ on global economy with tariff threats

Views - 5 Friday, 6 July 2018 00:00

BEIJING (Reuters): China’s commerce ministry said on Thursday the United States is “opening fire on the entire world”

Oil prices edge up as US supply tightens, Iran sanctions loom

Views - 9 Thursday, 5 July 2018 00:00

SINGAPORE (Reuters): Oil prices edged up on Wednesday following a report of tightening US fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States. Prices were also pushed up by loomin

Trapped Thai team gets dive lessons as rescuers prepare for extraction

Views - 5 Thursday, 5 July 2018 00:00

CHIANG RAI, Thailand (Reuters): Rescue teams in northern Thailand were giving crash courses in swimming and diving on Wednesday as part of complex preparations to extract a young soccer squad trapped in a cave, and hoping for a swift end to their har

Malaysia’s Najib pleads not guilty to charges in 1MDB graft probe

Views - 7 Thursday, 5 July 2018 00:00

KUALA LUMPUR (Reuters): Malaysia’s former Prime Minister, Najib Razak, on Wednesday pleaded not guilty to abuse of power and other charges arising from an investigation into a scandal-plagued state fund, weeks after he was ousted in a stunning elec

Trade war worries drag world stocks lower, yuan steadies

Views - 7 Thursday, 5 July 2018 00:00

LONDON (Reuters): World stocks were dragged lower on Wednesday by growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan rebounded after China’s central bank moved to calm investors. The MS

Australian archbishop sentenced to a year’s detention over sex abuse cover up

Views - 6 Wednesday, 4 July 2018 00:00

SYDNEY (Reuters): An Australian archbishop was sentenced to a year in detention on Tuesday for concealing child sexual

World stocks rise off 2-1/2 month low, China soothes currency markets

Views - 8 Wednesday, 4 July 2018 00:00

LONDON (Reuters): World stocks rose on Tuesday, supported by gains in Europe and three straight days of tech-driven

Heavy rain brings chaos to Mumbai

Views - 6 Wednesday, 4 July 2018 00:00

MUMBAI (Reuters): Heavy rain delayed flights on Tuesday in and out of India’s financial capital of Mumbai where a footbridge partially collapsed, halting commuter trains.

Hammond says ‘urgent’ progress needed on Brexit stance

Views - 5 Wednesday, 4 July 2018 00:00

LONDON (Reuters): British government ministers recognise that there is an urgent need to set out more details of the trading and

Today's Columnists

National prosperity through quality and productivity

Monday, 16 July 2018

I was so delighted to get involved with the national convention of the Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) with the fitting theme, “National Prosperity through World Class Quality and Productivity”.

Sanjeewa Pushpakumara’s ‘Davena Vihagun’ (Burning Birds): A realistic and authentic film

Saturday, 14 July 2018

Filmmaker Sanjeewa Pushpakumara is a bright star in the cinematic firmament of Sri Lanka. His second feature film ‘Davena Vihagun’ (Burning Birds) is currently being screened in Sri Lanka. The film completed in 2016 has been shown at several inte

Yameen regime in Maldives turns to Islamic countries for support

Saturday, 14 July 2018

The Abdulla Yameen Government in the Maldives is turning to Islamic countries in a bid to resist pressure from the West and India to restore democracy as per their prescription, and to do their bidding in economic, foreign policy and strategic matter

Of Erdogan, Mahinda and Gota or the dance of the Vidayaka Janadhipathi

Saturday, 14 July 2018

We have been talking about Turkey’s Erdogan who recently won electoral support to be the country’s first Executive President. At the elections, Turkey began digging its grave. To be sure, one cannot blame th

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