Category: World
Global Sovereign Sector Outlook Is Neutral, with US Policy Risks to the Fore: Fitch Ratings
Global sovereign credit conditions are neutral entering 2025, as an only mild slowdown in world economic growth and further cuts to policy interest rates are balanced against persistent pressures on public finances and elevated geopolitical risks, Fitch Ratings says in its Global Sovereigns Outlook for 2025. Uncertainty over post-election US policies and their impact poses […]
‘s behind the US indictment of Indian billionaire Gautam Adani?
Indian billionaire Gautam Adani, one of the world’s richest people, has been indicted on multiple counts of fraud in the US. The criminal charges are related to his alleged role in a scheme to bribe officials in India. Prosecutors say he and other senior executives paid more than 250 million dollars to win contracts for […]
Sri Lankan Students in the U.S. Increase by 10-pct: Open Doors Report Highlights Growing Educational Ties
The U.S. Embassy in Colombo is pleased to announce the release of the 2024 Open Doors Report on International Educational Exchange, which highlights a 10% increase in the number of Sri Lankan students studying at U.S. colleges and universities during the 2023-2024 academic year. This reflects a growing trend of Sri Lankan students seeking world-class […]
Effect of US Election Outcome on Sovereign Credit Profiles Will Vary: Fitch Ratings
The re-election of Donald Trump as US president, supported by likely Republican majorities in both houses of Congress, will have ramifications for many sovereign credit profiles, but the scale of any effects on ratings will ultimately depend on the policies pursued by his administration, says Fitch Ratings. We believe the key channels of influence for […]
Sri Lanka elected Vice President of International Solar Alliance Standing Committee (Asia–Pacific Group)
Sri Lanka, together with Australia, was elected by acclamation to the post of Vice President of the Standing Committee (Asia–Pacific Group) during the Seventh Session of the International Solar Alliance (ISA) Assembly held in New Delhi on 04 November 2024. By virtue of this post, Sri Lanka will also be the Chair of the Regional […]
VIDEO: Trump projected winner of 2024 presidential election (FULL SPEECH)
Donald Trump spoke from his election night watch party in West Palm Beach, Florida, after FOX News called the presidential election for Trump.
MTI to develop Strategy for Rwanda’s FDIs, Tourism, and Exports in Collaboration with RDB
Following a competitive international pitch, MTI Consulting has been selected by the Rwanda Development Board (RDB) to develop its 5-year Strategic Plan. The Rwanda Development Board (RDB) is a government agency with a vision to transform Rwanda into a dynamic global hub for business, investment, and innovation. Its mission is to fast-track economic development in […]
IFC, EBRD, EU, and France Help Deliver Largest FDI in Ukraine Since Invasion
IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), with support from the European Commission (EC) and the Government of France in form of guarantees, are enabling an investment program to modernize, expand, and improve telecom service quality in Ukraine. IFC and the EBRD are jointly providing […]
Federal Reserve Easing Cycle Will Be Mild and Slow by Historical Standards: Fitch Ratings
The US Federal Reserve monetary policy-easing cycle that is about to begin will be mild and slow compared with previous Fed rate-cutting episodes, Fitch Ratings says in its latest Global Economic Outlook report. Services inflation in the US is still too high to be consistent with inflation returning to target on a sustained basis. Fitch […]
United States Strengthens Partnership with Sri Lanka Through Additional USD24.5 Mn Development Agreement
The U.S. Embassy is pleased to announce an additional commitment of US $24.5 million (Rs 7.2 billion) from the American people to further our long-standing investment in the people of Sri Lanka and our partnership. The additional funding was announced during a visit to Sri Lanka by the U.S. Agency for International Development’s (USAID) Assistant […]
Sri Lankan Pharmaceutical sector eyes Vietnamese market
The Embassy of Sri Lanka in Hanoi, in collaboration with the Sri Lanka Export Development Board (EDB) organized a webinar on “Sri Lankan Pharmaceutical Industry” for Vietnamese pharmaceutical companies just prior to the Medipharm Expo 2024 in Ho Chi Minh (HCM) city. This was organized in order to raise awareness as well as to highlight the potential […]
Director General of UNESCO Audrey Azoulay to visit Sri Lanka
The Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Audrey Azoulay will visit Sri Lanka from 16 – 19 July 2024 at the invitation of the Government of Sri Lanka. During the visit, Director-General Azoulay will call on President Ranil Wickremesinghe and will have meetings with Minister of Education Susil Premajayantha and […]