Category: Other News
World Bank announces up to USD12Bn immediate support for COVID-19
Mar 04, 2020 (LBO) – As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action […]
VIDEO: What the technicals are saying about oil, Won & 10-year yield
Paul Ciana, Bank of America technical analyst, takes a look at some of the technicals behind oil prices, the South Korean won and the 10-year U.S. Treasury yield.
UN rights chief regrets Sri Lanka withdrawal from resolution
Feb 28, 2020 (LBO) – The United Nations’ human rights chief expressed regret on Sri Lankan government’s decision to withdraw its co-sponsorship of a 2015 resolution backing an investigation into alleged human rights violations during the island’s civil war, Thursday. Michelle Bachelet addresssing the U.N. Human Rights Council sessions in Geneva said that the decision […]
VIDEO: How American CEOs got so rich
American companies today spend billions on stock buybacks. So what does that mean for the US economy? And how did it help make American CEOs so unbelievably rich?
FM will formally inform decision of govt. to withdraw co-sponsorship of resolution
Feb 26, 2020 (LBO) – Minister of Foreign Relations, Skills Development, Employment and Labour Relations, Dinesh Gunawardena who leads the Sri Lanka delegation to the 43rd Session of the Human Rights Council is scheduled to address the High Level Segment of the Human Rights Council (HRC), Wednesday. He will formally inform the Council Members of the […]
‘s bull vs bear debate
Tesla sits at a record high. A stock darling of 2020, tripling since October to more than 0 a share.In a bull vs. bear debate, Bloomberg’s Taylor Riggs talks with Cathie Wood, founder, CEO and CIO of Ark Investment Management, and Edward Niedermeyer, author of “Ludicrous: The Unvarnished Story of Tesla Motors”. Wood thinks Tesla […]
Proposals for a new constitution presented to President
Feb 14, 2020 (LBO) – A set of proposals containing facts that should be taking into account when formulating a new Constitution was presented to President Gotabaya Rajapaksa. The proposals on new Constitution compiled by the Yuthukama organisation under the theme ‘proposals to formulate a new Constitution for a strong state ‘ was presented to […]
VIDEO: How to stay calm under pressure
Your favorite athlete closes in for a win; the crowd holds its breath, and at the crucial moment … she misses the shot. That competitor just experienced the phenomenon known as “choking,” where despite months, even years, of practice, a person fails right when it matters most. Why does this happen, and what can we […]
Coronavirus death toll upto 213 : WHO calls it global virus emergency
Jan 31, 2020 (LBO) – The World Health Organization said the virus represents a risk outside of China and is calling it a global virus emergency. The death toll in China had climbed to 213 by Friday with nearly 10,000 infections, according to foreign media reports. Global outbreak includes 98 cases in 18 countries […]
VIDEO: US Federal Reserve maintains interest rates in first meeting of 2020
Federal Reserve issues FOMC statement Information received since the Federal Open Market Committee met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has […]
Status of Sri Lankans residing in Wuhan, China
Sri Lanka Embassy in Beijing today, submitted an application to land a Sri Lankan Airlines aircraft in Wuhan city airport to airlift 32 Sri Lankan students including their family members. The Embassy is closely following up with the Foreign Ministry of China and Foreign Affairs Office of the Wuhan Province to expedite the process of […]