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Sri Lanka offers 30% haircut to bond holders: central bank
Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds. The treatment of dollar-denominated Sri Lanka Development Bonds (SLDB) will be "comparable to external creditors", the bank said in a statement.
Most markets rise as traders weigh central bank rate plans
Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation. His comments came after European Central Bank chief Christine Lagarde said eurozone borrowing costs would continue to rise.
After long wait, Virgin Galactic begins commercial spaceflights
Virgin Galactic is set Thursday to finally begin commercial spaceflights, a major milestone for the company founded in 2004 by British billionaire Richard Branson.
Hollywood braced for 'double strike' as actors' deadline looms
Hollywood's summer of discontent could dramatically escalate this weekend, with actors ready to join writers in a massive "double strike" that would bring nearly all US film and television productions to a halt. While the writers' strike has already dramatically reduced the number of movies and shows in production, an actors' walkout would shutter almost everything.
'Godfather of AI' urges governments to face dangers
Geoffrey Hinton, one of the so-called "godfathers" of artificial intelligence, urged governments on Wednesday to step in and make sure that machines do not take control of society. "The wealth isn't going to go to the people doing the work, it is going to go into making the rich richer and not the poorer and that's a very bad society," he added.
Diageo ditches Diddy over brand neglect and racism claim
Drinks giant Diageo on Wednesday said it had ended its relationship with Sean "Diddy" Combs after the US rapper accused it of neglecting their business agreement and racism. On Wednesday, a Diageo spokesperson said: "Mr Combs' bad-faith actions have clearly breached his contracts and left us no choice but to move to dismiss his baseless complaint and end our business relationship.
Israel enlists drones, AI and big data to farm for the future
As climate change and global population growth pose ever greater challenges for agriculture, Israeli technology offers a wealth of inventions and advanced tools to help farmers adapt. One of the biggest challenges facing agriculture, according to Friedman, is a lack of people willing to work in the field.
Swiss want moratorium on deep-sea mining
Switzerland, a global commodities trading hub, decided Wednesday to push for a moratorium on commercial exploitation of the international seabed area, which has enormous mineral resources. Switzerland is a stronghold for commodity trading.
Norway angers climate activists with fossil fuel projects
Norway's government gave the green light Wednesday to 19 oil and gas projects worth more than 200 billion kroner ($18.6 billion), a decision that outraged climate activists. "This is 200 billion kroner invested to reinforce the climate crisis and destroy our joint future," said Halvard Haga Raavand from Greenpeace.
AFP
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