Polls closed in Sri Lanka's first election since the economic collapse, and the counting of votes is underway. Millions of voters cast their votes to select a leader who will face the task of bolstering the country's fragile economic recovery following its worst financial crisis in decades.

Sri Lanka Presidential Election: Wickremesinghe vs Dissanayake vs Premadasa

Germany’s iconic carmaker Mercedes-Benz has recently lowered its earnings forecast for 2024, citing a downturn in its Chinese market. This raises critical questions about the future of Germany’s automotive competitiveness. Is Mercedes still seen as an aspirational brand in an era where consumer preferences are rapidly shifting toward affordability and sustainability?

Mercedes lowers 2024 sales forecast

In the aftermath of the tragic death of a 26-year-old EY employee, Deloitte has taken decisive action, forming a three-member external committee to review its employee practices, policies, and processes.

Deloitte acts after EY employee's death

Germany is experiencing a dramatic decline in electric vehicle sales... This is now raising concerns as the European Union faces pressures to reconsider its ambitious net zero vehicle targets.

Economic uncertainty hits European EV market

In a significant development, Qualcomm has approached Intel regarding a potential takeover, a move that could reshape the semiconductor landscape. This potential merger, which would mark one of the largest technology consolidations in history, is raising eyebrows about its implications for consumers.

Qualcomm eyes Intel: Game-changing merger?

Political unrest in Bangladesh has led to significant disruptions in its textile industry, with estimates suggesting that 700 to 1,000 small and medium-sized garment and textile units have shut down amid the turmoil. This turmoil comes as a stark contrast to the industry’s resilience during the pandemic, when Bangladesh outperformed India in garment exports, capitalizing on global demand.

Bangladesh unrest boosts India’s textile sector

Morgan Stanley has downgraded its earnings estimate for ASML, citing weakness in the memory chip market and concerns over demand from Intel and Chinese chipmakers. ASML's share price has already dropped by 30 percent during July and august.

Downgrade sparks concerns over future prospects

PM Modi arrives in the US, to participate in President Biden-hosted Quad Leaders' summit and to address an event at the United Nations General Assembly.

Modi-Biden hold bilateral talks: Delaware: Several key agreements likely to be signed

Wall Street closed with a mixed performance on Friday, buoyed by the Dow Jones industrial average reaching a record high. The broader S&P 500 and the NASDAQ fell after the Federal Reserve’s significant half-point interest rate cut. In Europe, markets closed lower amid mixed reactions to recent central bank rate decisions.

Risks & opportunities in global markets

China’s youth is facing an issue— Unemployment rates have surged to alarming levels...especially among recent graduates. With the job market becoming increasingly competitive, many young people are left wondering about their future prospects.

Chinese companies urged to hire fresh graduates

A New Zealand pilot, kidnapped in Indonesia’s Papua region over a year ago, has been released. Phillip Mark Mehrtens, 38, who worked for Susi Air, was abducted from a remote airport in February 2023. He was finally freed on Saturday.

New Zealand pilot Philip Mehrtens freed by Papua rebels

With the acquisition of Bahrain's Aluminium smelter, Saudi Arabia is moving closer to its goal of making mining and metals the "third pillar" of its economy. The state-controlled Saudi mining company, known as Maaden, announced a series of deals this week involving Aluminium Bahrain B.S.C., or Alba.

Saudi eyes Alba control to boost metals plan

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