Netherlands unveils 'world's-largest' canal lock.

Dutch King Willen-Alexander recently opened what authorities say is the world's largest canal lock.  The 500-meter (1,640-feet) long and 70-meter wide sluice replaces a smaller, nearly 100-year-old one at Ijmuiden, a small port city connecting the North Sea Canal to the …

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Apple retained the title as world’s valuable brand in Brand Finance 2022.

Apple has retained its position as the most valuable brand in 2022 as well, according to the Brand Finance 2022 Global 500 report.  The brand valuation of Apple was recorded at $. 355.1 billion in 2022, which is an increase of 35% from last year. This is the highest brand va…

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World’s largest star sapphire cluster found in Sri Lanka registered in the Guinness Book of World Records.

The star sapphire cluster weighing over 500 kilograms which was found in the Ratnapura area last year got approval and was registered in the Guinness Book of World Records as the world’s largest star sapphire cluster. The cluster got registered in the Guinness Book after it …

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Poet Maya Angelou becomes the first black woman to appear on US coin.

The US Treasury has minted coins featuring poet Maya Angelou – the first black woman ever featured on the US 25-cent coin known as a quarter. Angelou, a poet and activist, was the first black woman to write and perform a poem at a presidential inauguration. In 2010, she was…

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Pierre-Olivier Gourinchas appointed as next IMF’s Chief Economist.

French-born economist Pierre-Olivier Gourinchas has been named as the next chief economist of the International Monetary Fund (IMF).  He will succeed Gita Gopinath, the first woman to serve as the Fund’s chief economist.  He will take over as first deputy managing director of…

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Bitcoin hits longest losing streak since 2018 as Key Sell-Off Level Approaches.

Bitcoin is currently experiencing its worst price slump in nearly four years, having lost nearly 40 per cent of its value in just two months. The cryptocurrency fell in price for seven days in a row over the last week, CoinDesk noted, marking the longest losing streak since …

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Sri Lanka, India ink agreement to jointly develop Trinco oil tank farm.

The agreement to jointly develop the Trincomalee oil tank farm with India has been signed this evening (06), according to Energy Ministry sources. Sri Lanka’s Treasury Secretary, the Commissioner General of Lands, the Ceylon Petroleum Corporation (CPC), Lanka ICO and the sub…

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Google acquires Israeli cybersecurity company Siemplify for $. 500m.

Google has acquired another Israeli company, threat detection firm Siemplify, for a reported $500 million, nine years after its $1 billion purchase of navigation app Waze. The purchase will mark Google’s fourth acquisition of an Israeli company and its first in the cybersec…

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CSE’s ASPI surpasses 13,000 points for the first time.

The Colombo Stock Exchange (CSE) set a new record today (January 05) as the All Share Price Index (ASPI) surpassed 13,000 points for the first time in history. The ASPI closed at 13,076.91 points at the end of trading today, marking an increase of 2.16 % (276.37 points) from…

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Apple becomes first firm to hit $3 trillion market value.

US technology giant Apple has become the first company to hit a stock market valuation of $3 trillion (£2.2 trillion). The firm’s share price has risen by around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007. However, its valu…

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86.7 km long Bibile-Chenkaladi road vested with the public.

The Bibile-Chenkaladi Road, stretching over 86.7 kilometers on the A5 Road, was vested with the public on December 28, under the patronage of Highways Minister Johnston Fernando. This stretch of road is part of the Badulla-Chenkaladi Road Improvement Project (BCRIP). The BCRI…

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World economy to top $100 trillion in 2022 for first time.

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed. British consultancy Cebr predicted China will become the …

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Kumar Mangalam Birla receives Global Entrepreneur of the Year Award.

Aditya Birla Group’s chairman, Kumar Mangalam Birla has received the Global Entrepreneur of the Year Award- Business Transformation from The Indus Entrepreneurs (TiE) based out of Silicon Valley.  Birla is the first Indian Industrialist to receive the award for global entrep…

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Elon Musk named Time's 2021 'Person of the Year'.

Chief Executive Officer Elon Musk was named Time magazine's "Person of the Year" for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew. Musk i…

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Dubai becomes 1st ever govt to implement 100% paperless strategy.

In a major step towards sustainability, Dubai crown prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum on Saturday announced that Dubai has implemented the 100% paperless strategy. Pointing at savings of 1.3 billion Dirham ($350 million) and 14 million man hours, the p…

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New chairman appointed to Board of Investment.

Raja Edirisooriya has been appointed as the new chairman of the Board of Investment of Sri Lanka (BOI). The appointment came two weeks after the BOI chairman along with several other top officials including the members of the Board of Directors and the Director-General tende…

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World Talent Ranking Report - 2021

International Institute for Management Development (IMD) World Competitive Centre published its “World Talent Ranking Report”.  In the report, Europe has dominated the ranking in 2021. Switzerland leads the top 10 economies in the IMD 2021 World Talent Ranking 2021, showing …

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World’s largest natural corundum Blue Sapphire found in Sri Lanka.

The largest single natural corundum as a single crystal (Blue Sapphire) in the world has been found in Sri Lanka. With a weight of around 310 kilograms (1.550,000 carats), it has been named as the “Queen of Asia”. The National Gem and Jewellery Authority says that the gemston…

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South Africa Plans Regulations for Cryptocurrencies.

South Africa’s financial regulator is planning to unveil a regulatory framework covering cryptocurrencies early next year to help protect vulnerable members of the society from highly risky assets. The rules, designed in concert with peers like the prudential authority and t…

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Forbes’ 2021 List of World’s 100 Most Powerful Women.

Forbes’ 18th annual list of power women includes 40 CEOs, 19 world leaders, an immunologist and, for the first time in more than a decade, a new number one. In 2021, the state of female power around the world looks a bit different than it did just one or two years ago. Women…

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