The transition to Sri Lanka’s unique digital ID (SL-UDI) for its citizens will strategically incorporate existing investments including software modules, biometric devices and infrastructure already deployed for the Electronic National Identity Card e-NIC project, allowing for a cost-efficient rollout, government officials explained in an update. Digital Economy Ministry officials note that the SL-UDI will be
Given its complicated relation with India, China is seeking to leverage other countries in South Asia to increase its soft power in the region and offer an alternative to India’s traditional influence. Most of China’s investments in this region have revolved around green infrastructure and heavy industry and have directly impacted the region’s climate resilience
Poland’s ORLEN Group (WSE: PKN) reported a sharp improvement in second-quarter 2025 results, nearly doubling its LIFO-based EBITDA year-on-year to PLN 9.2 billion, while net profit came in at PLN 1.8 billion. The state-backed energy major said it has now fully eliminated Russian crude oil from its supply chain, while accelerating investment in renewables and
New Delhi: Asia is shifting its considerable savings pool to local investments and it’s building financial resilience, an HSBC report said on Thursday, adding that India and China are leading the way in this mega trend. The macro environment for Asian equities is changing, fast. The USD is weaker, and there has been discussion in
Many South African investors who prefer conservative money market investments find themselves in financial limbo when interest rates drop – as has already happened twice this year. These investors – many of them retirees – are seeing their purchasing power erode while their “safe” investments fail to provide the income they need to maintain their
David M. Hart is a senior fellow for climate and energy at the Council on Foreign Relations. More From Our Experts For decades, the United States was the world’s largest investor in energy research, development, and demonstration (RD&D). China overtook the United States to take the top spot in 2021. The United States has nonetheless
Spire Inc. SR benefits from investments in strengthening and extending its operations, allowing it to fulfill rising demand from an increasing consumer base. The company’s use of technology enhances operational efficiency, reduces costs and improves service quality. However, this Zacks Rank #3 (Hold) company faces risks related to its dependence on suppliers’ performance and stringent
Amid budget constraints, leaders face a choice: cut blindly or invest with precision in the programs that matter most. getty I’m noticing a quiet shift underway in the C-suite. In the face of economic uncertainty and accelerating disruption from AI, many leaders are pulling back budgets – and also reexamining long-held assumptions about people investment.
India’s outbound investments jumped by 67.74% on year to $ 41.6 billion in the last financial year with companies in technology, pharma, automobile, hospitality and energy leading the charge, according to a report by EY. The number of overseas investment transactions have also grown by 15% on year. Another trend that is visible in the
Norway’s sovereign wealth fund, the world’s largest, has divested from several Israeli companies and ended contracts with asset managers overseeing its Israeli portfolio. The move follows an urgent review after revelations of investments linked to Israel’s military, amid the ongoing war in Gaza. Fund CEO Nicolai Tangen cited “extraordinary circumstances” and a worsening humanitarian crisis.