Deep Cuts to Growth Forecasts as Global Trade War Escalates: Fitch Ratings
Fitch Ratings has sharply lowered its forecasts for world growth in response to the severe escalation in the global trade war. In a special update to its …
World
VIDEO: Trump pauses higher tariffs for 90 days because of ‘Yippy’ Reaction but slaps China with 125-pct
President Trump announced he would impose a 125% tariff on China for retaliating against the U.S., while also announcing a 90-day pause on some
Tariffs Have Mixed Fiscal Impact, Will Not Solve Underlying Challenges in US Economy, says Fitch Ratings
Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any …
IMF Warns of “Significant Risk” to Global Economy Following US Tariffs
The International Monetary Fund (IMF) has issued a stark warning regarding the potential impact of newly announced U.S. tariffs on the global economy. In a …
‘Liberation Day’ Takes US Tariff Rate Back to Level Last Seen in 1909: Fitch Ratings
US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Federal …
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 …
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 …
VIDEO: Trump addresses World Economic Forum ‘I will make largest tax cuts in History’
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 …
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, …
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 …
VIDEO: What’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 …
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% …
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 …
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 …
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
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 …
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 …
Federal Reserve Easing Cycle Will Be Mild and Slow by Historical Standards: Fitch Ratings
The US Federal Reserve monetary policy-easing cycle that is about to begin will be mild and slow compared with previous Fed rate-cutting episodes, Fitch …
United States Strengthens Partnership with Sri Lanka Through Additional USD24.5 Mn Development Agreement
The U.S. Embassy is pleased to announce an additional commitment of US $24.5 million (Rs 7.2 billion) from the American people to further our long-standing …
Sri Lankan Pharmaceutical sector eyes Vietnamese market
The Embassy of Sri Lanka in Hanoi, in collaboration with the Sri Lanka Export Development Board (EDB) organized a webinar on “Sri Lankan Pharmaceutical …