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You Won't Be Disappointed': Trump Warns Seven Nations Of Tariffs Up To 30% Unless Deal Is Made By August 1

You Won't Be Disappointed': Trump Warns Seven Nations Of Tariffs Up To 30% Unless Deal Is Made By August 1

President Donald Trump has intensified his trade agenda, announcing tariff letters sent to seven nations—Sri Lanka, Algeria, Iraq, Libya, Philippines, Moldova, and Brunei—promising levies up to 30 per cent starting 1 August unless trade deals are...

FTSE 100 Live: London stocks surge to record high as miners...

FTSE 100 Live: London stocks surge to record high as miners...

FTSE 100 rises 101 points to 8,967 New all-time high for index Miners rebound, wider optimism for markets 10.05am: FTSE surge continues The gain for the Footsie is above 100 points now, up 1.1%. Miners are continuing to drive the gains, Anglo...

Trump slaps 30% tariff on Algeria amid trade crackdown on seven other countries

Trump slaps 30% tariff on Algeria amid trade crackdown on seven other countries

US President Donald Trump announced new tariffs on eight countries, Brazil, Sri Lanka, Algeria, Brunei, Iraq, Libya, Moldova, and the Philippines, via Truth Social on Wednesday. These tariffs, replacing a 10% baseline rate set during a 90-day...

Sri Lanka-India Power Link Moves Ahead with Key Grid Connectivity Plans

Sri Lanka-India Power Link Moves Ahead with Key Grid Connectivity Plans

By: Staff Writer July 06, Colombo (LNW): Sri Lanka’s long-standing ambition to link its power grid with India has entered a decisive stage, as the much-deliberated electricity interconnection project gains momentum. The move is expected to bolster...

Emirates expands its Premium Economy offering on services to Male and

Services on the enhanced aircraft, feature newly configured and refreshed cabins throughout, including its Premium Economy offering. Emirates will also deploy its retrofitted four-class Boeing 777 on flights EK650/651 operating between Dubai and...

Reduction in tariff from 44-pct to 30-pct is a constructive & important first step: Ceylon Chamber

Reduction in tariff from 44-pct to 30-pct is a constructive & important first step: Ceylon Chamber

Author LBO Posted on July 10, 2025 | Commodity, Economy, Lead Story The Ceylon Chamber of Commerce views the reduction in the tariff rate from 44% to 30% a constructive and important first step by the Government toward bringing Sri Lanka’s tariff...

Lufthansa Cargo strengthens regional logistics with Beirut service

Lufthansa Cargo strengthens regional logistics with Beirut service

Lufthansa Cargo has expanded its Middle East footprint with the launch of a new A321 freighter service to Beirut. The aircraft touched down at Beirut–Rafic Hariri International Airport for the first time on July 4 and will now operate a weekly...

Court orders destruction of illegally imported cosmetics

Court orders destruction of illegally imported cosmetics

July 10, Colombo (LNW): A Sri Lankan court has ordered the destruction of a large cache of unauthorised cosmetic products, following the discovery of an unregulated stockpile stored at a private residence in Wellampitiya. Valued at over Rs. 1...

Is Sri Lanka ready for the long road to sustained recovery?

Is Sri Lanka ready for the long road to sustained recovery?

Transitioning from stabilisation to long-term growth requires a bold, forward-looking agenda to promote growth enhancing structural reforms Introduction In my article “Is Sri Lanka’s recovery sustainable?” published in the Daily FT on 18 January...

Lenovo powers into AI decade: Transforms everyday tech in Sri Lanka

Lenovo powers into AI decade: Transforms everyday tech in Sri Lanka

From left: Lenovo India Director and Category Head Ashish Sikka, Director – Consumer Business Dinesh Nair, and General Manager – Overseas, Consumer, Commercial and Tablets Naveen Kejriwal With over two decades of presence in Sri Lanka, Lenovo is...

Bootstrapped Sri Lankan start-up Connect Ville enters event tech space

Bootstrapped Sri Lankan start-up Connect Ville enters event tech space

Founder Dumidu Thabrew With disruptive technology, eyes seed round A new contender has officially entered the event technology arena. Connect Ville, a bootstrapped Sri Lankan start-up, has launched its innovative event management and lifestyle...

To save its famed tea, Sri Lanka must look to the soil

To save its famed tea, Sri Lanka must look to the soil

Embracing regenerative agriculture is not merely a feel-good idea or a corporate social responsibility initiative; it is a smart and necessary economic strategy. At its core, it directly confronts the industry’s most pressing financial challenges....

Tariff reform

Tariff reform

NATIONAL security rests on strong defence and a strong economy. In May, our armed forces delivered on defence. It is now time to serve the citizens and fix the economy. Tariff reform announced in Budget 2025-26 is an important step, but is highly...

London pre-open: Stocks seen up on solid US cues

London pre-open: Stocks seen up on solid US cues

The FTSE 100 was called to open around 35 points higher. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: "So, the tariff-reveal letters kept coming in yesterday - in alphabetical order - and they didn’t look enchanting, to say the...

IT services is not great any more: Samir Arora

IT services is not great any more: Samir Arora

Samir Arora, Founder, Helios Capital, points out that the IT and large consumer sectors are currently experiencing slow earnings growth, needing to increase from 3-5% to 8-10% to boost the market. He anticipates that large banks will recover to...

Indian firms looking to expand abroad have good chance in Sri Lanka: ITC chief

Indian firms looking to expand abroad have good chance in Sri Lanka: ITC chief

Indian companies looking to expand abroad have a good chance in Sri Lanka due to the island nation's proximity, ITC Group Chief Executive Sanjiv Puri said. "I can tell you that Indian companies are particularly coming to Sri Lanka because there...

World News | Indian Firms Looking to Expand Abroad Have Good Chance in Sri Lanka: ITC Chief

World News | Indian Firms Looking to Expand Abroad Have Good Chance in Sri Lanka: ITC Chief

Colombo, Jul 6 (PTI) Indian companies looking to expand abroad have a good chance in Sri Lanka due to the island nation's proximity, ITC Group Chief Executive Sanjiv Puri said. “I can tell you that Indian companies are particularly coming to Sri...

16th Intex: A Resounding Success for the Textile & Apparel Industry of Bangladesh

16th Intex: A Resounding Success for the Textile & Apparel Industry of Bangladesh

The 16th edition of Intex was held from 25 to 27 June 2025 at the International Convention City Bashundhara (ICCB), Dhaka, Bangladesh concluded on a high note, marking yet another successful chapter in South Asia’s premier international textile...

Intel Kiryat Gat expansion frozen for foreseeable future

Intel Kiryat Gat expansion frozen for foreseeable future

About a year ago, Intel told the contractors building its new manufacturing plant in Kiryat Gat (Fab 38) that it was freezing construction expansion and focusing on building the first and original part of the plant. This meant that of the two...

COTTON USA™ and JAAF Sri Lanka Host Roundtable to Strengthen U.S. Cotton–Sri Lanka Textile Ties

COTTON USA™ and JAAF Sri Lanka Host Roundtable to Strengthen U.S. Cotton–Sri Lanka Textile Ties

Cotton Council International (CCI), in partnership with the Joint Apparel Association Forum Sri Lanka (JAAFSL), hosted a high-level industry roundtable in Colombo to explore the role of U.S. cotton in advancing Sri Lanka’s textile and apparel...

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