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Oil prices gained more than 3% on Friday, after comments by U.S. President Donald Trump and Iran s foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz. MORE..

16 May 2026 (8:59 AM)

The Ministry of Finance, Planning and Economic Development of Sri Lanka has officially announced the implementation of a temporary 50% surcharge on applicable Customs Import Duty for specified imported goods. MORE..

16 May 2026 (11:55 AM)

Prime Minister Dr. Harini Amarasuriya has stated that the government has managed the energy crisis in a way that does not cause hardship to the public, unlike in some other countries, by bearing the associated costs without placing a burden on the people and by implementing a sustainable management process. MORE..

15 May 2026 (8:37 PM)

Chinese President Xi Jinping will pay a state visit to the United States in autumn this year at the invitation of U.S. President Donald Trump, Chinese top diplomat Wang Yi said on Friday. MORE..

15 May 2026 (10:35 PM)

U.S. President Donald Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during their talks in Beijing that Tehran must reopen the Strait of Hormuz. MORE..

15 May 2026 (7:44 PM)

Israel and Lebanon agreed to a 45-day extension of a ceasefire that has tamped down the conflict between Israel and Iran-backed Hezbollah in southern Lebanon, as two days of talks facilitated by Washington concluded on Friday with an agreement to hold further meetings in the coming weeks. MORE..

16 May 2026 (8:33 AM)