Washington: President Biden has announced a ban on projects that increase the country’s fuel production, as fuel prices in the United States have reached record levels. Three oil refining contracts between Alaska and the Gulf of Mexico have been cancelled. The American Petroleum Institute is outraged by Biden’s decision. On the one hand, the Biden […]
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Colombo: – Ranil Wickremesinghe has been sworn in as Prime Minister of Sri Lanka amid a severe economic and political crisis. The 73-year-old Wickremesinghe has once again taken over as the Prime Minister of Sri Lanka and faces the challenge of stabilising the country in a crisis. Given the dire situation in Sri Lanka, some […]
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Dubai: The Fuel Ministers of Saudi and the United Arab Emirates (UAE) warned that the Global fuel-related capacity is nearing its end. More investments are required in this sector to increase the capacity.’ At the same time, the Fuel Minister of UAE threatened that the fuel rates would increase by 200% to 300% given the […]
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Beijing/Washington: While the entire world’s focus is on the Russia-Ukraine war, there is tension brewing near Taiwan. On Tuesday, a US naval destroyer seems to have provoked China by sailing through the Taiwan Strait. The US State Department has decided to remove Taiwan from being a part of China from its website. Infuriated by this, […]
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Brussels: President Volodymyr Zelensky had demanded $7 billion a month from the International Monetary Fund (IMF) to run the government in Ukraine. It has been revealed that the United States will bear one-third of the cost, while the European Union will bear the rest. The Union has proposed to issue debt bonds worth $15 billion […]
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Colombo: Sri Lankan Prime Minister Mahinda Rajapaksa has resigned amid growing public discontent over the country’s unprecedented economic crisis. Prime Minister Mahinda Rajapaksa has tendered his resignation to Sri Lankan President Gotabaya Rajapaksa, saying he was ready to resign if his resignation was to resolve the financial crisis. Violence erupted in several cities, including the […]
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New Delhi: A possibility of the Indian Prime Minister’s visit to the European countries Germany, France and Denmark proving to be stormy, given the Ukraine conflict was being predicted. India had jolted the western countries by refusing to denounce the Russian attack on Ukraine and buying fuel from Russia. The concern that this would have […]
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Washington: CIA Chief William Burns claimed that the intense reaction emanating from the western countries over the Russian attack on Ukraine had made Chinese President Xi Jinping and the ruling communist regime in China extremely restless. Burns said that President Xi Jinping and the ruling communist regime are closely monitoring the developments in the Ukraine […]
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Beijing/Taipei/London: 18 Chinese Fighter jets and bombers intruded into the Taiwanese airspace on Saturday. This year, this is the second significant intrusion by the Chinese airplanes into Taiwanese airspace. The Chinese confidence has increased manifold following the US refusal to supply weapons and defence systems to Taiwan. The effects are apparent in the Taiwanese airspace. […]
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London: Japan and United Kingdom have agreed on a comprehensive defence cooperation agreement as a countermeasure to China’s increasingly assertive actions in Asia and the Indo-Pacific region. This is the first time Japan has signed a reciprocal access agreement with a European country. Previously Japan had signed similar defence cooperation agreements with the United States […]
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