Category: World
World Growth Forecasts Cut Sharply as US Starts Global Trade War: Fitch Ratings
The new US administration has started a global trade war that will reduce US and world growth, push up US inflation and delay Federal Reserve rate cuts, Fitch Ratings believes. We have cut both our US 2025 growth forecast to 1.7% from 2.1% in the December 2024 Global Economic Outlook (GEO) and our 2026 forecast to 1.5% […]
SL Students’ Growing Interest in Healthcare & STEM Fields Across Top Study Destinations
ApplyBoard, a leading international student mobility technology platform, has released its latest report. This in-depth analysis of international student search trends across Canada, the US, and the UK offers valuable insights into how Sri Lankan students are strategically aligning their study choices with high-growth global sectors, particularly healthcare, engineering, and STEM fields. Key Insights on […]
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Watch as Donald Trump gives remarks at the World Economic Forum. A key topic he spoked about is major tax cuts. The President also talked about trade and tariffs.
BRICS Expands: Nine Nations to Join as Partner States from Jan 2025; More Expected Soon
Russia confirmed on Monday (December 23) that nine nations have agreed to join BRICS as partner states, with their status becoming official on January 1, 2025, as reported by foreign media. A report from TASS, citing Kremlin aide Yury Ushakov, revealed that a total of thirteen nations were invited to join the newly established category […]
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 […]