Read the latest news from regional and global sources, presenting different voices and perspectives.
You Won't Be Disappointed': Trump Warns Seven Nations Of Tariffs Up To 30% Unless Deal Is Made By August 1
International Business Times - United Kingdom
·
July 10, 2025
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...
Proactive UK
·
July 10, 2025
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
Hespress
·
July 10, 2025
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
Lanka News Web
·
July 6, 2025
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
Times Aerospace
·
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
Lanka Business Online
·
July 10, 2025
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
Aviation Business News
·
July 8, 2025
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
Lanka News Web
·
July 10, 2025
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?
Daily FT
·
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
Daily FT
·
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
Daily FT
·
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
Daily FT
·
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
Dawn
·
July 9, 2025
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
ShareCast
·
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
The Economic Times
·
July 10, 2025
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
The Economic Times
·
July 6, 2025
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
Latestly
·
July 6, 2025
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
Textile Focus
·
July 8, 2025
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
Globes
·
July 10, 2025
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
Textile Focus
·
July 6, 2025
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...