Mali court appoints Assimi Goita as interim president.

Mali’s constitutional court has named the colonel who led a military coup this week as the country’s new interim leader. The ruling, issued late on Friday, said Assimi Goita would “lead the transition process to its conclusion” and carry the title of “president of the transi…

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Nobel Laureate Amartya Sen conferred with Spain’s top award.

Indian economist and Nobel Laureate, Amartya Kumar Sen has been conferred with the ‘ 2021 Princess of Asturias Award’ by Spain in the social sciences category. Princess of Asturias Awards is annual prizes awarded by the Princess of Asturias Foundation in Spain to individual…

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Andy Jassy will become Amazon’s CEO on July 5th 2021.

Andy Jassy will officially become the CEO of Amazon on July 5th, the company announced at a shareholder meeting. Amazon announced that Jassy, who is the current CEO of Amazon Web Services (AWS), would replace Jeff Bezos as CEO of the entire company in February. Bezos will be…

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Iran bans bitcoin mining after blackouts and power shortages.

Iran’s government announced a ban on the mining of bitcoin and other cryptocurrencies, the country’s president, Hassan Rouhani, announced Wednesday 26 May 2021, as officials blame the energy-intensive process for blackouts in a number of Iranian cities. The ban is effective …

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Bloomberg Billionaires Index - May, 2021

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York. Billionaire Gau…

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Google is opening its first physical retail store.

Google is opening its first physical retail Google Store, the company announced, which will debut in New York City this summer. The new store will be located in Chelsea, as part of Google’s campus in that neighborhood (the company’s New York headquarters are already located …

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National Consumer Price Index (NCPI) based Inflation increased in April 2021.

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), increased to 5.5 per cent in April 2021 from 5.1 per cent in March 2021. This was mainly due to the statistical effect of the low base prevailed in Apri…

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Bitcoin down almost 50% from year's high.

Bitcoin fell 13% on Sunday 23 May 2021 after the world's biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50% from the year's high. Bitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous close. It h…

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The Ground-breaking Ceremony of China-Russia Nuclear Energy Cooperation Project.

On the afternoon of May 19, 2021, President Xi Jinping and Russian President Vladimir Putin witnessed the ground-breaking ceremony of a nuclear energy cooperation project, Tianwan Nuclear Power Plant and Xudapu Nuclear Power Plant. Both nuclear energy power plants costing ab…

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Renewable Energy Country Attractiveness Index (RECAI).

Since 2003, the biannual RECAI has ranked the top 40 markets based on investment in renewable energy, a key part of the energy transition. The Renewable Energy Country Attractiveness Index (RECAI) ranks the world’s top 40 markets on the attractiveness of their renewable ener…

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Port City Colombo invites local and global companies to set foot upon the gateway to South Asia.

Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the “Gateway to South Asia”, now officially becomes the country’s first service oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, Thursday (20th), adopted a powerful Bill enabling a giant step …

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Migration and Development Brief.

India was the largest recipient of remittances in 2020, as per the report, “Migration and Development Brief “ released by the World Bank. India has been the largest recipient of remittances since 2008. However, the remittance received by India in 2020 was over USD 83 billio…

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Tesla will no longer accept Bitcoin.

Tesla has suspended vehicle purchases using Bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla's announcement in March that it would accept the cryptocurrency was …

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Harley-Davidson spins out LiveWire into a standalone electric motorcycle brand.

Harley-Davidson Inc. has launched an all-electric motorcycle brand "LiveWire," the latest effort by the company to ramp up bets on the rapidly growing electric vehicle market.  The company would create a separate electric vehicle-focused division, as it aims to att…

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Jeff Bezos sells $2.5 Billion of Amazon's Shares.

Jeff Bezos sold about $2.5 billion of Amazon.com Inc. stock, his first big disposal this year after offloading more than $10 billion worth of shares in 2020. Bezos sold around 739,000 shares this week under a pre-arranged trading plan, according to U.S. Securities and Exchan…

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Ethereum co-founder becomes world's youngest crypto billionaire.

Vitalik Buterin , 27-year-old co-founder of Ethereum , became the youngest crypto billionaire in the world after the electronic currency surpassed three thousand dollars on Monday, May 3. Ethereum hit an all-time high, surpassing the $ 3,000 mark and outperforming Bitcoin…

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Prime Minister Mahinda Rajapaksa elected as Chair of ADB’s Board of Governors.

Prime Minister Mahinda Rajapaksa has been elected as Chair of the Asian Development Bank (ADB) Board of Governors for the year 2021/2022 during the 54th Annual Meeting that was held virtually this afternoon (May 05). PM Rajapaksa, as the Minister of Finance, serves as the Go…

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Colombo Stock Exchange (CSE) records 29% growth of Turnover Volumes in April.

Total Market Turnover of the Colombo Stock Exchange (CSE) demonstrated a positive growth of 29.43% in the month of April compared to the previous month. Market turnover was recorded at Rs. 53 billion while Domestic Turnover has seen a growth of 64% indicating the sustained …

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HSBC becomes the first bank to offer LiveSign in Sri Lanka.

HSBC LiveSign powered by Adobe is a cloud-based service that replaces the paper and ink signature process with a fully automated electronic signature workflow made availbale for HSBC’s corporate clients. With HSBC LiveSign customers can easily sign documents anywhere, anyti…

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Turkey adds crypto firms to terror funding regulations.

Turkey has added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation. The Official Gazette said the country’s latest expansion of rules governing cryptocurrency transactions would take immediate effect and…

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