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February 26, 2025 11:09 AM
Sri Lanka’s parliament passed the maiden budget of the National Peoples Power administration with 155 members of the 225-member assembly voting in favour and 46 against. Transport Minister Bimal Rathnayake said the opposition described the fiscal plan as a Ranil budget, IMF budget and a neo-libera...
February 26, 2025 9:42 AM
British Prime Minister Keir Starmer announced that Britain will increase its defence spending to 2.5 per cent of Gross Domestic Product (GDP) by 2027. He announced while speaking at the House of Commons, that is the lower house of the parliament, yesterday. Starmer said that this increase will amoun...
February 26, 2025 9:39 AM
US President Donald Trump has directed the government to consider possible tariffs on copper. This marks the latest move by the White House to tax a wide array of imports and reshape global trade. Trump, before signing the executive order to review copper imports, said that it would have a big impac...
February 26, 2025 9:35 AM
Maha Shivaratri is being celebrated in Shiva temples across Sri Lanka notably in the Pancha Ishwaram temples. Devotees will undertake a fast and pray through the day and night and engage in spiritual practices, praying for the darkness of ignorance to be replaced by the radiance of wisdom. Shiva tem...
February 26, 2025 8:52 AM
Israel and Hamas have reached a new agreement to exchange the bodies of deceased hostages for the release of hundreds of Palestinian prisoners. The Palestinian militant group Hamas announced late yesterday that a resolution was reached during a visit to Cairo by a delegation led by top official Khal...
February 26, 2025 8:15 AM
Ukraine and the US have agreed on a framework for a broad economic deal, including the extraction of rare earth minerals. According to Ukrainian officials, who spoke on condition of anonymity, Kyiv hopes the agreement will help secure continued US military support, which Ukraine urgently needs. Th...
February 25, 2025 10:22 PM
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In South Korea, at least four construction workers were killed, including two Chinese nationals, and six others were injured when a highway overpass collapsed in Cheonan. According to the Ansan Fire Department, five of the injured are in serious condition. The highway was still under construction,...
February 25, 2025 9:39 PM
Russian President Vladimir Putin has said Russia is ready to offer the US access to rare minerals, including from Russian-held parts of Ukraine. This follows reports that the US, under President Donald Trump, is finalizing a deal with Ukraine for access to its mineral resources in exchange for sup...
February 25, 2025 9:18 PM
United Kingdom Prime Minister Keir Starmer has announced plans to increase the defence spending to 2.5 percent of GDP by 2027, with an eventual goal of reaching 3 percent in the next parliamentary term, beginning in 2029. The boost in military funding will be partially financed by reducing the for...
February 25, 2025 8:54 PM
The High Commission of India in Sri Lanka organised a discussion on INR-LKR trade settlement in Colombo on Tuesday, focusing on strengthening bilateral economic ties. The event highlighted key aspects of cross-border trade in local currencies, particularly in light of the recent liberalization of ...
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