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The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -0.7% in May 2025, compared to -2.0% in April 2025, according to the latest data released by the Department of Census and Statistics. MORE..

30 May 2025 (5:09 PM)

A federal appeals court on Thursday allowed President Donald Trump to continue collecting tariffs under an emergency powers law, for now, as his administration appeals an order striking down the bulk of his signature set of economic policies. MORE..

30 May 2025 (8:42 AM)

The U.S. plan for Gaza, seen by Reuters on Friday, proposes a 60-day ceasefire and the release of 28 Israeli hostages - alive and dead - in the first week, in exchange for the release of 1,236 Palestinian prisoners and the remains of 180 dead Palestinians. MORE..

30 May 2025 (9:49 PM)