Black Thursday

Sri Lanka has borrowed heavily from China for infrastructure, some of which ended up as white elephants. (Image for representation: Reuters) Sri Lanka's foreign reserves had dropped to just $1.5 billion at the end of November.AFP Last Updated:January 09, 2022, 23:58 ISTFOLLOW US ON:Cash-strapped Sri Lanka sought to reschedule its…

We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Read More

Synopsis While the bombing of Paytm’s initial public offering on Friday may appear as the obvious catalyst for the sudden risk-off sentiment among retail investors, Monday’s fall appears to also have been triggered by a culmination of factors.Getty ImagesMUMBAI: For the skeptics on Dalal Street, the writing on the wall…

The crypto community is locked in debate over: Is Bitcoin in a bull or bear market? The debate will rage on until either a new high or new low is made. The current price action is bearish, which gives the impression that sellers are in charge. The news cycle, and…

“Decentralized finance is the future. Cryptocurrency helps people live in a community without the traditional middleman expenses. It provides equal opportunities for everyone.” – Ider-Od, co-founder of IHC. Mongolia is a landlocked developing country, sandwiched between two giant neighbors – China and Russia, located in the center of the Asian…

There he goes again. Mitch McConnell, the Senate minority leader and the GOP’s nihilist in chief, has a characteristically cynical plan for the debt ceiling. The Senate minority leader has insisted that he and his party will not lift a finger to raise the debt limit as the deadline to…

KUALA LUMPUR: With Malaysia expected to achieve herd immunity by end-October this year and move from the Covid-19 pandemic to the endemic phase, the next step is resetting Malaysia in the new normal. Newly-minted Prime Minister Datuk Seri Ismail Sabri Yaakob(pix) and Opposition leaders have pledged to find a “common…

Looking to such specialized nervous systems as a model for artificial intelligence may prove just as valuable, if not more so, than studying the human brain. Consider the brains of those ants in your pantry. Each has some 250,000 neurons. Larger insects have closer to 1 million. In my research…

In politics, the rule is treated as immutable, like the law of gravity that Isaac Newton supposedly conceived while sitting under an apple tree in 1666. The political equivalent is the dictum that the party that controls the White House is doomed to lose congressional seats in every off-year election.…

The market rally that began in April 2020 has been largely secular. The strong yet pleasant tide has helped almost every ship to sail without any hiccups. But now the tides are changing! Market veteran Atul Suri says that we are headed into the second phase of the bull market,…