Category: World
Vice President of OPIC visits Sri Lanka; aims to counter debt-trap investments
Oct 05, 2018 (LBO) – Executive Vice President of OPIC, David Bohigian and other US government officials visited Sri Lanka from October 3 to 5 with the aim to promote US investment in the region and strengthened cooperation with regional allies to drive economic growth and stability.Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution.The […]
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to Development (BUILD) Act in the FAA Reauthorization Act of 2018.The House yesterday passed the Act by a vote of 398-23 and the legislation now heads to the Senate for consideration. BUILD Act is […]
President to address UN General Assembly today
Sept 25, 2018 (LBO) – President Maithripala Sirisena arrived in New York to attend the 73rd Session of the United Nations General Assembly (UNGA), Sunday. Ministers Rajitha Senaratne, Champika Ranawaka and Mano Ganeshan accompanied the President. Foreign Minister Tilak Marapana arrived in New York yesterday. President Sirisena is scheduled to address the UNGA on September […]
”’: Report
Sept 10, 2018 (LBO) – Palo Alto-based venture capital firm Social Capital is “imploding,” according to a report in Axios by the venture capital reporter Dan Primack. The firm raised more than 1 billion US dollars and has invested in unicorn startups like Slack, SureyMonkey and now-public Box. The report, however, says partners are deeply […]
Jack Ma releases letter on retirement/transition from Alibaba
September 10, 2018 (LBO) – Alibaba Executive Chairman Jack Ma released a letter to shareholders announcing his planed transition, and eventual exit from the company. He will retire as Chairman in 2019, and from the Board entirely in 2020. Jack Ma is a global icon and China’s richest person. He has said he intends to […]
Elon Musk rattles the markets with 2 hour long interview; Video embedded
September 9, 2018 (LBO) – Elon Musk sent shockwaves through the markets after his interview with infamous podcaster Joe Rogan.The interview sent Tesla shares crashing as pictures circulated of Musk drinking whiskey and taking a puff of a marijuana infused tobacco product.Tesla shares are set to bounce on Monday as the company released an email […]
”s ban remains in place
September 6, 2018 (LBO) – A five judge bench in India’s Supreme Court has struck down a colonial era ban of gay sex. There has been an explosive reaction to this landmark judgement on twitter, with some prominent politicians also chiming in: A summary of the legal situation in Sri Lanka is copied below from […]
Sri Lanka to receive BIMSTEC Chairmanship; President to lead Sri Lanka delegation
Aug 28, 2018 (LBO) – President Maithripala Sirisena will lead the Sri Lanka Delegation to the 4th Summit of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), which will be held from 30-31 August 2018 in Kathmandu. Ministry of Foreign Affairs said at the conclusion of the Summit, the Chairmanship of BIMSTEC […]
Former US presidential candidate, Senator John McCain dies at 81
Aug 26, 2018 (LBO) – United States senator and former presidential candidate John McCain died Saturday after losing a battle to brain cancer, at the age of 81. In July 2017, McCain was diagnosed with glioblastoma, an aggressive form of brain cancer. One year of treatment failed to prevent his condition from worsening and on […]
Australian PM Malcolm Turnbull ousted, Scott Morrison to replace him
Aug 24, 2018 (LBO) – Former treasurer Scott Morrison is to become Australia’s sixth Prime Minister in 11 years, prolonging an era of extraordinary political instability. Morrison, a socially conservative architect of Australia’s hardline anti-asylum seeker policies and an ally of deposed leader Turnbull, elected as the new PM after winning a three-way battle for […]
Moody’s expects Brent spot price to average around USD72 per barrel in 2018
Aug 23, 2018 (LBO) – Moody’s Investors Service expects crude oil price to remain elevated in the near term but to moderate over the medium term. Releasing the Global Macro Outlook for 2018-19 August update, Moody’s Investors Service said they expect that the Brent spot price will average around 72 US dollars per barrel in […]
Vienna ranks as most liveable city in 2018 displacing Melbourne
Aug 14, 2018 (LBO) – For the first time in the survey history of Economist Intelligence Unit, Austria’s capital, Vienna, has been ranked as the most liveable city out of 140 cities in the world. A long-running contender to the title, Vienna has succeeded in displacing Melbourne from the top spot, ending a record seven […]