Category: World
Flood-hit Sri Lanka receives help from several countries
May 24, 2016 (LBO) – Sri Lanka has received a helping hand from several friendly countries to support the disaster affected people in the country. The Foreign Ministry has established a task force to coordinate emergency relief assistance from Diplomatic Missions in Colombo and Sri Lankan Missions overseas, with the relevant Ministries and Agencies in […]
Crisis-hit Venezuela near collapse, says new oil deal with China
May 17, 2016 (LBO) – Venezuela says it has reached a deal with China to improve loan terms as falling oil prices have driven the oil-exporting country into economic crisis and collapsed its currency. Venezuelan Economy Vice-President Miguel Perez told Reuters that all conditions, including loan time frames, investment amounts and non-financial aspects, had been […]
Samantha Power meets former President Chandrika Kumaratunga
U.S. Permanent Representative to the United Nations Ambassador Samantha Power met with former Sri Lankan President Chandrika Bandaranaike Kumaratunga, currently Chairperson of Sri Lanka’s Office of National Unity Reconciliation (ONUR), and Mano Tittawella, Secretary-General for Coordinating Reconciliation Mechanisms, on May 11, 2016, at the Sri Lankan Mission to the United Nations in New York. Ambassador […]
Sri Lankan community in France to receive solutions for consular issues
Embassy of Sri Lanka in Paris successfully concluded the first ever consular forum conducted by the Department of Immigration and Emigration in Paris with a view to address issues faced by the Sri Lankan Community in France pertaining to issuance of passports, registration of birth, citizenship certificates and issuance of dual citizenship certificates. On an […]
South Korea introduces new points system to recruit workers from Sri Lanka
May 10, 2016 (LBO) – The Human Resources Development Services of Korea has introduced a new point based system to recruit workers from Sri Lanka and other countries, The Korean Embassy said. Current system allows only passers of Korean language examination (EPS-TOPIK) constitute valid roster, which has not contained various elements of the person, for […]
London swears in first Muslim Mayor
May 09, 2016 (LBO) – The United Kingdoms Labour party candidate Sadiq Khan was sworn in as London’s first Muslim mayor last weekend. Having won 1,310,143 votes, Khan received the largest personal mandate of any politician in UK history. New mayor Khan said he will “put London first” as he looked to move on from the […]
Clinton, Trump lead in New York primaries
Apr 20, 2016 (LBO) – Democratic presidential candidate Hillary Clinton won New York’s Democratic primary reasserting her position over rival Bernie Sanders in the fight for the presidential nomination. In the Republican contest, Donald Trump defeated Ohio Governor John Kasich and Texas Senator Ted Cruz by a wide margin. Sanders had surged over the past […]
IMF: Global growth has been too slow for too long
Are troubles ahead for the global economy? The IMF thinks so. Apr 12, 2016 (LBO) – IMF projects a global growth of a modest 3.2 percent in 2016, broadly in line with last year, but 20 basis points below the January 2016 forecast. The lender attributed its global economic outlook cut, for the second time […]
Goldman Sachs pays USD5 bln to settle role in financial crisis
Apr 12, 2016 (LBO) – Top investment bank Goldman Sachs will pay 5.06 billion dollars to settle allegations that it sold packages of questionable mortgages to investors during the period leading up to the financial crisis. Between 2005 and 2007, Goldman Sachs discovered problems with the mortgages it was selling to investors but didn’t tell […]
‘s PM, first casualty of Panama Papers
Apr 06, 2016 (LBO) – Iceland’s Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday, the first casualty of the leaked Panama papers. The Panama Papers showed that his wife owned an offshore company with claims on Iceland’s banks, which is an undeclared conflict of interest, according to media reports. More than 11.5 million documents, leaked […]
Sanders wins three more states, eyes turn to New York
Mar 28, 2016 (LBO) – Bernie Sanders who won Democratic presidential primaries in Alaska, Washington and Hawaii over the weekend, said he maintained hope of chipping away at the lead of fellow democratic candidate Hillary Clinton, with eyes on the New York primary on April 19. “Momentum is with us,” Sanders said on CNN’S State […]
Top Lankan team heading for Brussels on decisive fishery ban talks
Mar 18, 2016 (LBO) – A top team including officials from the Prime Ministerial Task Force is scheduled to depart for Brussels on 30 March for decisive talks on the EU Fishery ban, Seafood Exporters Association said. Chairman of Seafood Exporters Association Prabhash Subasinghe said this meeting is almost expected to be the final and […]