The IT industry is set for one of its strongest years since the mid-1990s, with AI driving a projected 10% global IT spending increase in 2026, surpassing $6 trillion. AI-focused data centers, generative AI systems, and AI-enabled software, cloud, and devices are fueling this growth, with major tech companies leading investments. While analysts caution the surge may not be indefinitely sustainable, integrating AI is increasingly essential for business competitiveness and prod

Japan is preparing to host a Japan–Central Asia Summit in Tokyo on December 19–20, with plans for bilateral talks between Prime Minister Sanae Takaichi and Central Asian leaders. LDP Vice President Taro Aso highlighted the summit’s importance, noting that other major powers have recently strengthened their ties with the region. A similar summit planned for last year was canceled due to emergency megaquake warnings in Japan.

Sri Lanka’s stock market fell 3.04% as Cyclone Ditwah triggered heavy selling, though construction stocks rose on expectations of rebuilding demand. Analysts say investors are cautious and the downward trend is likely to continue. Across Asia, markets moved mixed, with Japan declining, Pakistan rising, and India slipping due to cyclone impacts and trade uncertainties.

Iran’s Currency Slumps to Record as Sanctions Tighten Economy

Putin and Modi Discuss Energy Ties and Peace Efforts Amid Sanctions Pressures

Prada Completes Acquisition of Versace in a transformative luxury deal

Putin arrived in New Delhi to strengthen Russia-India ties, with Modi hosting him for talks on defense, energy and skilled-labor cooperation. The visit comes amid U.S. pressure over India’s Russian oil purchases and ongoing Ukraine war tensions, testing New Delhi’s diplomatic balance. Both sides aim to boost trade, address defense delivery delays and reaffirm strategic partnership despite global geopolitical challenges.

Taiwan Blocks RedNote App Over Fraud and Data Security Concerns

Sri Lanka is confronting one of the most catastrophic disasters in its modern history as the death toll from Cyclone Ditwah rises to 479, with more than 350 people still missing.

Afghan Allies in Pakistan Urge U.S. to Resume Evacuations Amid Expulsion Fears

Sri Lanka, Indonesia, Thailand, and Malaysia are facing devastating floods that have killed more than 1,100 people and displaced millions, prompting large-scale military rescue operations. Indonesia and Sri Lanka are the worst affected, with blocked roads, damaged infrastructure, and missing persons complicating relief efforts. Authorities across the region warn that climate-driven extreme weather is intensifying these disasters, while schools, homes, and public services rema

Hong Kong Breach Tragedy: Mass Tribute as Fire at Wang Fuk Court Raises Questions Over Safety Oversight

Cyclone Ditwa rapidly intensified over unusually warm Bay of Bengal waters, bringing record rainfall, floods, and landslides across Sri Lanka. Weak drainage systems, unplanned land use, and gaps in emergency preparedness greatly worsened the impact. The disaster highlights Sri Lanka’s urgent need for stronger climate-resilient infrastructure, early-warning systems, and sustainable land management.

Sri Lanka is grieving with over a hundred lives lost, dozens still missing, and thousands of families displaced after Cyclone Ditwah, the country is experiencing one of the darkest moments in its recent history. Yet the government’s response — especially the reaction of Prime Minister Harini Amarasuriya has sparked intense public outrage.

Sri Lanka’s Kandy district has been hit by severe landslides triggered by continuous heavy rainfall, leaving several areas buried under earth and debris. Rescue teams are still searching for missing residents as unstable, rain-soaked slopes pose a high risk of additional collapses. Authorities warn that worsening weather conditions could further complicate relief efforts across the central province.

Sri Lanka’s merchandise exports remained nearly unchanged in October 2025, reflecting a marginal 0.02% rise despite declines in major industries like apparel and tea. Strong growth in coconut-based products was not enough to offset reduced export earnings from petroleum, rubber, boats, and spices. The slowdown in key markets such as the United States and India further highlights the challenges facing the country’s export sector.

Community Watch Groups Emerge as Immigration Enforcement Sparks U.S. City Tensions

Vietnam Hit by Deadly Floods and Landslides as Heavy Rainfall Ravages Several Provinces

Nation on Alert: Cyclone Ditwah Leaves Trail of Destruction Across Sri Lanka

The UK government continues to borrow to cover the gap between spending and tax revenue, with October 2025 borrowing reaching £17.4 billion. National debt now stands at around £2.6 trillion, roughly equal to the country’s annual GDP, and rising interest payments—£8.4 billion in October—limit spending on public services. While borrowing supports investment and economic growth, policymakers aim to reduce debt relative to GDP over the next five years.