COLOMBO: Sri Lanka’s economy was among the fastest growing in Asia, but it was vulnerable to sudden external shocks due to high levels of foreign commercial borrowings, the IMF said Wednesday.
LONDON: OPEC’s oil production rose in July from June, a Reuters survey found, as a fragile recovery in Libyan supply outweighed fighting in Iraq and reduced output from Angola.
Mobily continues to provide its extraordinary offer to the new subscribers of Wajid that provides discounts and privileges to all family members.
MUMBAI: The world’s largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.
NEW YORK: Twitter shares surged in morning trade after the messaging platform eased investor concerns with a quarterly report showing strong user growth and robust revenues.
NEW YORK: US crude stocks fell more than forecast last week, while gasoline and distillate inventories rose less than expected, the Energy Information Administration reported.
LONDON: British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness, the Bank of England announced.
LONDON: British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January
MUNICH: Osram AG, the world’s second-biggest lighting company, will cut an additional 7,800 jobs to safeguard earnings amid a faster-than-expected decline in sales of traditional bulbs.
Airlines can now offer their ultra tech-savvy passengers the chance to board their flight with a mere flick of their wrist and scan of their smartwatch.
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