The unlocking of the International Monetary Fund’s US$2.9 billion (IMF) Extended Fund Facility (EFF) for Sri Lanka is now being granted with the approval of the executive board leading to the opening access to multilateral agencies assistance of around US$ 7 billion, IMF and finance ministry sources confirmed.

Xi Jinping's 3 day visit to Russia and his meetings with Mr. Putin. China presents the trip as an effort to start peace talks between Russia and Ukraine based on its proposals.

Sri Lankans could receive a welcoming surprise at the pump in a matter of days or weeks as the global oil hit a 15-month low last week on concerns about a banking sector crisis in the United States that may spill over into other parts of the world.

The BMW XM plug-in-hybrid has what it takes to compete with performance SUVs like the Lamborghini Urus.

The International Criminal Court said Friday that it has issued an arrest warrant for Russian President Vladimir Putin for war crimes, accusing him of personal responsibility for the abductions of children from Ukraine.

A series of record airplane orders is turning India into the aerospace industry's hottest growth market. Air India is on a buying spree, likely to be followed by IndiGo, and it will make Airbus and Boeing even richer.

SVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn't disclose the risks that future interest rate increases would have on its business.

The unmarried couple who had abandoned a 13-day-old infant in the toilet of the Batticaloa-bound Meenagaya express train today sought court’s permission for the care and full custody of their child after insisting that they will be legally married for the child’s well-being.

Credit Suisse said Wednesday it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank just hours after the central bank offered up a loan to keep the beleaguered bank afloat and reassure investors.