The U.K. has its first change in government in 14 years after the Labour Party won a landslide victory early Friday in a general election that saw the Conservative Party suffer its biggest defeat ever.

Money is rushing into Chinese government bonds, sending their prices soaring and yields plunging to record lows as investors hunt for a safer alternative to the country’s ravaged real estate market and volatile stocks.

Weekly Economic Review

By RoHana Jith

By Aryan Maha

“In the grand strategy of empire, more often than not, the real threat to stability comes not from external enemies but from the internal vulnerabilities that prolonged conflict can expose and exacerbate.

By. Edward N. Luttwak”

Labour are heading towards a landslide victory, winning previously safe Tory seats across the country. Their gains are largely on the back of a dramatic decline of 21 points in Conservative support.

Hot on the heels of the successful conclusion of bilateral debt restructuring, Japan has taken up the position that any new yen loan will be considered for Sri Lanka depending on the successful implementation of the projects suspended due to the economic crisis and subsequent confidence building, a top source said.

Akurana, July 5 (Daily Mirror) - The Kandy-Matale main road (A9) has been temporarily closed due to a fire at a bakery and restaurant in Akurana, Police said.

The U.K.’s opposition Labour Party is on course to win a huge parliamentary majority in the country’s general election, unseating the incumbent Conservatives after 14 years.

Last week, the government very proudly signed a debt restructuring agreement with the Paris Club and India and China which gives the country some breathing space to pay up its loans.

A fundamental rights petition has been filed in the Supreme Court seeking an order to prevent the Election Commission from conducting the Presidential Election until the Court decides on the incumbent President's tenure.

A crowd crush at a religious gathering in northern India killed more than a hundred people Tuesday, mostly women, in one of the deadliest such incidents the country has seen in recent years.

Sri Lanka’s world-famous Ministry of Crab is opening in Singapore on Jul 3 to a welcome carpet rolled out by seafood-loving foodies.

The Excise Department has successfully collected Rs. 105 billion in revenue so far this year, marking a significant increase of Rs. 17 billion compared to the same period last year.

The Minister of Power and Energy, Kanchana Wijesekera, stated that Lanka IOC will be launching a 100 Octane premium petrol to the market from today (02).

Foreign Minister Yoko Kamikawa on Tuesday praised Sri Lanka's recent efforts to address its economic crisis and debt restructuring, following the South Asian country's agreement with creditor nations, according to the Japanese government.

The National Medicines Regulatory Authority (NMRA) has introduced a new pricing mechanism aimed at determining the maximum retail price (MRP) for specific dosages and strengths of medicines.

The Cabinet of Ministers on Monday approved obtaining $ 100 million loan from the Asian Development Bank (ADB) to support institutional and structural reforms within the Ceylon Electricity Board (CEB) and Ceylon Electricity Company.

Sri Lanka is is to launch 100 Octane premium petrol, known as XP100 rating fuel, which helps enhance the performance of vehicles, particularly high-end luxury cars and bikes.

A group of Indian nationals suspected to be involved in cyber crimes was arrested and equipment used by them was seized during a raid on a house at Halloluwa in Kandy by the Kandy Crime Investigations Unit last night.

If the government does not understand their situation and ignores the trade union action, they will have to extend their actions to the schools. In that case, the government will be responsible for disrupting the education of schoolchildren, Ceylon Teachers' Union (CTU) General Secretary Joseph Stalin said.