IMF chief Kristalina Georgieva did not mince her words about emerging and heightening crisis tendencies in the global economy. She said, among other things recently, that the IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection […]

By Saman Gunatilake MBBS, MD, FRCP, FCCP, Hon FRACP Emeritus Professor of Medicine, University of Sri Jayewardenepura Consultant Neurologist One of the most quoted phrases of Karl Marx, the German philosopher and political theorist, popularly known as the ‘Father of Communism’, is “History repeats itself, first as a tragedy, second as a farce”. This quote […]

While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]

By Neville Ladduwahetty During his address to the “Economic Dialogue – IMF and Beyond”, the President “declared that Sri Lanka is at a crossroad and it was the nation’s last chance to forge ahead or fail (Daily FT, 31, 2023). Now that Sri Lanka has committed itself to the terms and conditions stipulated by the […]

Tokyo [Japan], March 21 (ANI): In the world of fast-paced diplomatic activity, Japan and South Korea have shown that they can no longer remain strange bedfellows when China is racing against time to dictate its terms in the Indo-Pacific region. For the first time after a gap of 12 years, the two countries held their […]

Washington [US], March 15 (ANI): China understands the benefits of space cooperation, but ultimately seeks to use it as a means of supporting Beijing’s larger political and diplomatic goals of making China more respected and influential, reported Channel News Asia (CNA). As the director general of China’s Manned Space Agency put it: “We hope to […]

BBC reported that China’s President Xi Jinping will travel to Moscow next week to hold talks with Russian President Vladimir Putin. The Kremlin said they would discuss a “comprehensive partnership and strategic co-operation”. The visit comes as Beijing, an ally of Russia

The Ukraine crisis appears to be strengthening the cooperation between the US and its partners in the Asia Pacific more than ever, amid fears that China is inching closer toward forcefully reuniting Taiwan with the mainland. In the recent few months, Japan has decided to double its defense spending and purchase long-range weapons from the […]

Russian success in Ukraine would align with China’s goals of reshaping global politics and power and could help facilitate China’s own rise as an economic and military leader, reported Asia Times. In the backdrop of China’s goals of reshaping global politics and power that would bolster its superpower status, Beijing might arm up Russia’s war, […]

It is welcome news for progressive opinion in the global South that some seven countries, thus far seen as having been among the poorest countries of the world, would be ‘graduating’ out of the Least Developing Country (LDC) category. Among them are; Bhutan, Bangladesh, Laos, Nepal and Angola. Hopefully, development researchers the world over would […]

United Kingdom Foreign Secretary James Cleverly, on Wednesday, said that he respects India’s judgement to have bilateral relations with Russia. “For the UK, Russia’s invasion of Ukraine is unacceptable. We’re helping to defend the UN charter, sovereignty and territorial integrity. We hope this war

New Delhi: The Russia-Ukraine war has demonstrated the need to develop “smart weapons for short, intense conflicts” and “conventional weapons” for potential longer-term wars for nations like India, Chief of Defence Staff (CDS) General Anil Chauhan said Friday. Speaking at the Raisina Dialogue 2023

CIA Chief’s cloak-and-dagger visit: By Shamindra Ferdinando Pivuthuru Hela Urumaya (PHU) leader, Udaya Gammanpila, MP, yesterday (06) said that the Wickremesinghe-Rajapaksa government and the US embassy in Colombo should come clean on CIA Director William Joseph Burns’ Colombo visit. The former Power and Energy Minister said so in response to The Island query whether the […]

Monday, 6th March, 2023 The Rajapaksa-Wickremesinghe regime has been painting itself into a corner on the political front by going all out to scuttle the local government (LG) polls. It succeeded in delaying the elections by manipulating the Treasury to deprive the Election Commission (EC) of funds, but Friday’s Supreme Court (SC) interim order has […]

U.S. Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov talked briefly Thursday at a meeting of top diplomats from the Group of 20 nations in the first high-level meeting in months between the two countries.

Washington, DC – There are no takers for China quoting the scriptures on global peace in the context of the Russia-Ukraine conflict, with the United States even warning the Asian giant of the consequences should it interfere in the conflict on the side of Russia. The visit of US President Joe Biden

The Russian Foreign Ministry said in a statement that the G20 is destabilized by the collective West and is used in an anti-Russian, purely confrontational manner. The United States, the EU and the G7 continue their attempts to isolate Russia and shift the blame for the provoked