Sri Lanka has exited debt default, official says; Fitch upgrades rating to CCC+

In a post on X, Siriwardana emphasized the importance of avoiding past policy errors influenced by rigid ideologies, unfounded beliefs, or misleading narratives, which often lead to unrealistic and unsustainable decisions. Sri Lanka’s Secretary to the Treasury, Mahinda Siriwardana, announced on Saturday that the country has officially emerged from sovereign default. In a post on […]

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South Korean team develops ‘Iron Man’ robot that helps paraplegics walk

The Exoskeleton Laboratory team at the Korea Advanced Institute of Science and Technology (KAIST) said their goal is to create a robot that seamlessly integrates into the daily lives of individuals with disabilities. South Korean researchers have developed a lightweight wearable robot that can walk up to paraplegic users and lock itself onto them, enabling […]

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Netanyahu cancels Poland visit over arrest fears

Netanyahu has canceled his visit to Poland after receiving warnings that he could be arrested if he visits the country. Poland’s Deputy Foreign Minister Ladislaus Bartoszewski made the announcement in an interview with the country’s Rzeczpospolita newspaper. Auschwitz, the concentration camp where Nazi Germany imprisoned Jews from Poland and neighboring countries during World War II, […]

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Dhaka’s letter to Delhi to return Sheikh Hasina

The Ministry of External Affairs has sent a letter to India to return former Prime Minister Sheikh Hasina, who was ousted in a student uprising. The country’s Foreign Ministry spokesperson Randhir Jaiswal confirmed this information on Monday (December 23). It said that India has received a formal letter from the interim government of Bangladesh led […]

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Wife of deposed Syrian leader Bashar al-Assad applies for divorce: Reports

Asma al-Assad, the London-born wife of deposed Syrian leader Bashar al-Assad, has reportedly sought divorce, reportedly expressing “dissatisfaction” with the couple’s life in Moscow. (FILES) Syrian President Bashar al-Assad and his wife Asma arrive for a dinner at the Petit Palais, after attending Paris’ Union for the Mediterranean founding summit on July 13, 2008 in […]

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China has provided information, documents in probe of cut Baltic Sea cables

China has provided information and documents to a joint investigation into two severed Baltic Sea undersea cables, and has invited Germany, Sweden, Finland and Denmark to participate in the probe, the foreign ministry said on Monday. Chinese foreign ministry spokesperson Mao Ning made the remarks at a news briefing when asked about a Financial Times […]

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Mongolia’s Sovereign Wealth Fund Renamed “Chinggis Fund”

During its irregular session on December 20, 2024, the Government of Mongolia made a decision to adopt a Resolution on Taking Several Measures on Mongolia’s Sovereign Wealth Fund. Through the Resolution, the Government instructed Minister of Mongolia and Chairman of the Cabinet Secretariat of Government Uchral Nyam-Osor and Minister of Finance Javkhlan Bold to distribute […]

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Is crypto keeping Tajikistan’s Rogun Dam project afloat?

Despite a preponderance of data on the high-level of financial and environmental risks, the World Bank has opted to become a major financial backer of the Rogun hydropower dam project in Tajikistan, approving an initial $350 million grant to help finish the first phase of construction. Following up on the World Bank’s decision, the Asian […]

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Central Bank of Sri Lanka penalises Indian Bank

The Central Bank of Sri Lanka – Financial Intelligence Unit has penalised state-owned Indian Bank for failing to conform to the provisions of the Financial Transactions Reporting Act, No.6 of 2006 (FTRA) of Sri Lanka. It has imposed a monetary penalty of Sri Lankan rupees (LKR) two million, which is approximately Rs 5.8 lakh, Indian Bank informed the stock exchange […]

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Russia appoints a Consular General to the Maldives for the first time

Russia has appointed a Consular General to the Maldives for the first time. Aleksei M. Idamkin who was appointed Consular General of Russia to the Maldives presented the Consular Commission Letter to Foreign Minister Abdulla Khaleel during a ceremony held at the Foreign Ministry on Monday. Following the presentation of the letter, Foreign Minister and […]

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