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Economy

June 25, 2024 4:32 PM

Sri Lanka to sign debt restructuring agreements with India and Japan

Sri Lanka is set to sign agreements to restructure its bilateral debt with India and Japan on Wednesday. This news was confirmed by Foreign Minister M.U.M. Ali Sabry, who mentioned that President Ranil Wickremesinghe had updated the Cabinet about the...

June 25, 2024 4:28 PM

PM Modi may visit Russia in July: Russian state media

Prime Minister Narendra Modi is expected to visit Russia in July, according to reports from Russian state news agency RIA on Tuesday. The potential visit would mark PM Modi's first trip to Russia since 2019 and his first since the outbreak of the Rus...

June 25, 2024 3:20 PM

Global Markets – European stocks fall as Nvidia slump hits tech sector

European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down U.S. tech companies on Monday, in a sign of nervousness about the artificial intelligence boom. Stock markets remained close to record highs, however, as investors shif...

June 25, 2024 12:03 PM

5G spectrum auction begins, government aims to raise more than Rs 96,000 crore

The auction for 5G spectrum to telecom service providers commenced on Tuesday. The Indian government is selling airwaves worth more than Rs 96,000 crore. The Department of Telecommunications (DoT) is auctioning frequencies in the 800 MHz, 900 MHz, 1...

June 25, 2024 11:45 AM

Indian stock market opens higher; Bank Nifty at all-time high

Indian benchmark indices opened higher on Tuesday, with the Sensex starting at 77,507.32, up 166.24 points, and the Nifty rising by 41.55 points to reach 23,579.40. Among the Nifty companies, 44 stocks gained while 5 declined in early trade. The Ban...

June 25, 2024 8:47 AM

Canada also considering imposing tariffs on Chinese-made EVs after US and EU

Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said that the country is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public's opinion about the idea, Al Jazeerea reported. Fr...

June 24, 2024 6:06 PM

Cyber attack compromised Indonesia data centre, ransom sought

A cyber attacker compromised Indonesia's national data centre, disrupting immigration checks at airports, and asked for an $8 million ransom, the country's communications minister said on Monday. The attack disrupted several government services, mos...

June 24, 2024 5:01 PM

Apple charged with breaching EU tech rules, faces another probe

European Union antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers. The Euro...

June 24, 2024 3:02 PM

Indian passenger vehicle industry anticipated to grow moderately by 3-5% in FY25

The Indian passenger vehicle (PV) industry is poised for moderate growth in the fiscal year 2025, with sales volumes expected to expand by 3-5%, according to a recent report by CareEdge. This forecast follows a 7.4% increase in FY24, marking a notice...

June 24, 2024 2:44 PM

EU adopts new sanctions against Russia, including LNG

European Union countries adopted a 14th package of sanctions on Russia that aims to close some circumvention loopholes and hits Russia's gas exports for the first time, EU foreign affairs ministers said in a statement on Monday. Western powers impos...

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