Argentina’s Senate passes ‘millionaire’s tax’.

Argentina’s Senate passes ‘millionaire’s tax’. Argentina’s Senate has approved a wealth tax to help the government fund for current pandemic measures, including purchasing health supplies and offering economic relief to struggling businesses. The one-time levy, passed late on…

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Sri Lankan entrepreneur shaping digital landscape in Bhutan; opens university, Silicon Valley equivalent.

Sri Lankan entrepreneur shaping digital landscape in Bhutan; opens university, Silicon Valley equivalent. Sesiri Pathirane is a tech investor and entrepreneur who has been highly instrumental in - with blessings of the Government and cooperation from Private sector investors…

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Sanjaya Mohottala assumes duties as new BOI Chairman.

Sanjaya Mohottala assumes duties as new BOI Chairman. Sanjaya Mohottala assumed duties today (09) as the 21st Chairman of the Board of Investment, the apex Investment Promotion Agency of the Government of Sri Lanka. Having previously served as DG BOI from March 2020, under hi…

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Capital City Holdings secures 10MW wind power plant deal in Trincomalee.

Capital City Holdings secures 10MW wind power plant deal in Trincomalee. The Cabinet of Ministers has approved the proposal presented by the Minister of Energy to award the contract for the construction of 10MW wind power plant for the Trincomalee Grid Substation to Capital …

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Stock market turnover tops Rs.5.2bn. ASPI crosses 6,600 mark.

Stock market turnover tops Rs.5.2bn. ASPI crosses 6,600 mark. The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) crossed the 6,600 point mark today (09 December 2020). The ASPI surged 41.09 points ( or 0.63%) to close at 6,605.09. The day’s trading…

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England returning to Sri Lanka for 2-test cricket tour.

England returning to Sri Lanka for 2-test cricket tour. England will return to Sri Lanka for a rearranged two-test cricket tour in January, 10 months after leaving the Asian country as the coronavirus pandemic began to take hold. England’s players will isolate for three days …

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Bangladesh, Bhutan sign Preferential Trade Agreement (PTA).

Bangladesh, Bhutan sign Preferential Trade Agreement (PTA). Bangladesh and Bhutan on Sunday 06 December 2020 signed the first ever preferential trade agreement (PTA) to boost bilateral trade. Bangladesh's Commerce Minister Tipu Munshi and Bhutanese Economic Affairs Minist…

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Lloyd Austin: Biden picks ex-general as defence secretary.

Lloyd Austin: Biden picks ex-general as defence secretary. US President-elect Joe Biden has chosen retired General Lloyd Austin as his defence secretary. If approved, the 67-year-old who retired in 2016 would become the first African-American to lead the Pentagon. Four-star Ge…

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World Athletes of the Year 2020.

World Athletes of the Year 2020. Swedish pole vaulter Mondo Duplantis and Venezuelan triple jumper Yulimar Rojas are the 2020 Male and Female World Athletes of the Year. They are their countries’ first recipients of the prestigious athletics award announced during the virtua…

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China successfully activates nuclear-powered ‘artificial sun’.

China successfully activates nuclear-powered ‘artificial sun’. China has successfully activated its so-called “artificial sun,” a nuclear fusion reactor that could fuel its energy ambitions for years to come — if they can make it more sustainable. China’s Atomic Energy Author…

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China successfully launches new Earth observation satellite.

China successfully launches new Earth observation satellite. China on December 6, 2020 successfully launched a new Earth observation satellite which can take high-resolution pictures of ground objects across the globe. The satellite was launched from the Xichang Satellite Lau…

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The Climate Change Performance Index 2021.

The Climate Change Performance Index 2021. The Climate Change Performance Index is collectively developed by Germanwatch, NewClimate Institute and Climate Action Network (CAN) International. The index, developed based on objective emission indicators, renewable energy, and en…

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Indian-origin health expert to lead The WHO Foundation as first CEO.

Indian-origin health expert to lead The WHO Foundation as first CEO. India-origin global health expert Anil Soni has been appointed as the first Chief Executive Officer of the newly established The World Health Organisation Foundation. The WHO Foundation will work alongside …

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Fitch Downgrades Bank of Ceylon to ‘CCC’ on Sovereign Downgrade.

Fitch Downgrades Bank of Ceylon to ‘CCC’ on Sovereign Downgrade. Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'CCC', from 'B-'. The ratings do not carry an Outlook because of the…

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China removes TripAdvisor, 104 other apps from stores under cleansing campaign.

China removes TripAdvisor, 104 other apps from stores under cleansing campaign. China has removed 105 apps including that of U.S. travel firm TripAdvisor Inc from app stores in the country, under a new campaign to cleanse stores of apps it deems spread content related to por…

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Bob Dylan sells entire song catalog to Universal Music.

Bob Dylan sells entire song catalog to Universal Music. Bob Dylan has sold his entire catalog of more than 600 songs spanning six decades to Universal Music Group’s music publishing arm, the company said on Monday 07 December 2020. The deal includes Dylan’s iconic 1960s count…

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New Election Commission to take office on 10th December 2020.

New Election Commission to take office on 10th December 2020. The newly appointed members of the Elections Commission of Sri Lanka are due to assume duties tomorrow (December 10, 2020). Its new members, including the Chairperson, has been appointed by President Gotabaya Rajap…

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Nepal and China have jointly announced revised height of Mount Everest.

Nepal and China have jointly announced revised height of Mount Everest. After working for a year on processing data regarding the measurement of the world's highest peak, Nepal and China have jointly announced revised height of the Mount Everest on Tuesday 08  December 2…

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Singapore to host World Economic Forum in May 2021.

Singapore to host World Economic Forum in May 2021. Singapore will host the World Economic Forum's (WEF) annual meeting next May 2021,  This Special Annual Meeting 2021 will be a venue to see top political, business and academic leaders gather to discuss pressing global i…

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International Day of Commemoration and Dignity of the Victims of the Crime of Genocide and of the Prevention of this Crime - 09 December 2020.

International Day of Commemoration and Dignity of the Victims of the Crime of Genocide and of the Prevention of this Crime - 09 December 2020. Each year on December 9th, the International Day of Commemoration and Dignity of the Victims of the Crime of Genocide and of the Pre…

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International Anti-corruption Day - 09 December 2020.

International Anti-Corruption Day - 09 December 2020. Every year on December 9th, International Anti-corruption Day raises public awareness for anti-corruption. It also encourages the public to work on innovative solutions aimed at winning the battle against corruption. On 31…

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Sergio Perez wins Sakhir Grand Prix 2020.

Sergio Perez wins Sakhir Grand Prix 2020. Sergio Perez (Mexico-Racing Point-BWT Mercedes), won the 2020 Sakhir Grand Prix at the Bahrain International Circuit in Sakhir, Bahrain. Esteban Ocon (Renault-France) secured the second position, followed by and Lance Stroll (Racing …

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Gwalior, Orchha in Madhya Pradesh of India in UNESCO world heritage cities list.

Gwalior, Orchha in Madhya Pradesh of India in UNESCO world heritage cities list. The historical fort cities of Gwalior and Orchha in Madhya Pradesh have been included in the list of UNESCO's world heritage cities under its urban landscape city programme. The United Nation…

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100 MW solar power plant in Siyambalanduwa.

100 MW solar power plant in Siyambalanduwa. The necessary preliminary steps have been taken to implement the Siyambalanduwa solar power plant such as studying the feasibilities, securing the lands and environmental evaluations, the state information office stated. The assista…

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Sri Lanka’s largest wind power plant joins national grid.

Sri Lanka’s largest wind power plant joins national grid. Sri Lanka’s first state-owned wind-powered electricity generating plant was declared open in Mannar this morning (December 08 2020). Located in Mannar ‘Thambapavani’ is the largest wind power plant complex in the count…

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Sports Illustrated's 'Sportsperson of the Year' - 2020.

Sports Illustrated's 'Sportsperson of the Year' - 2020. Rather than a single recipient, Sports Illustrated awarded its 2020 Sportsperson of the Year honor to five individuals who exemplify the modern 'Activist Athlete':  Lakers star LeBron James,  Tennis ch…

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06th BRICS Youth Summit - Russia.

06th BRICS Youth Summit - Russia. From 29 November to 03 December 2020, the City of Ulyanovsk (Russia) was hosted the 6th BRICS Youth Summit which is hosted by the Federal Agency of Youth Affairs of Russia and the Government of the Ulyanovsk Region and co-organized by the la…

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Climate change threatens 'most Alps glaciers'.

Climate change threatens 'most Alps Glaciers'. Up to 92% of glaciers in the Alps could be lost by the end of the century due to climate change, say researchers. The mountain range's 4,000 glaciers include popular skiing resorts such as Zermatt in Switzerland and T…

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Father of Fiber Optics Narinder Singh Kapany passes away.

Father of Fiber Optics Narinder Singh Kapany passes away. Narinder Singh Kapany, also known as the father of fiber optics, passed away. He was 94.Born in Punjab’s Moga, Kapany, who had been living in the US, was called the ‘father of fiber optics’ and had more than 100 paten…

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New Chairman appointed to Export Development Board (EBD).

New Chairman appointed to Export Development Board (EBD). Managing Director of Lanka Fishing Flies (Pvt) Ltd, Suresh de Mel has been appointed as the new Chairman of Export Development Board (EBD). He was preceded in office by Prabhash Subasinghe who recently stepped down as …

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