Oil prices climbed over 3% in Asian trading on Monday (12), touching fresh intraday highs after the United States and China agreed to ease tariffs for a 90-day period, reviving hopes of a trade breakthrough.

Brent crude rose as high as $66.30 a barrel, while US West Texas Intermediate (WTI) hit $63.41.

The rally in crude was driven by a joint...

Sri Lanka marks the beginning of National Vesak Week today (10), commemorating the 2,569th ‘Sambuddha Jayanthi’ (Sambudhu Themagula).

The week-long observance, which celebrates the birth, enlightenment, and passing away of Lord Buddha, will continue until May 16.

This year’s State Vesak Festival will be held in the Nuwara Eliya District, with events...

US and China have agreed a temporary cut to the tariffs they impose on each other’s imports.

US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days.

The announcement came after both China and the US had held trade talks in Switzerland over the weekend, which Bessent had previously described...

Showers or thundershowers will occur at several places in Central, Sabaragamuwa, Uva and Southern provinces and in Ampara and Batticaloa district after 1.00 p.m. today (10), the Department of Meteorology says.

In its latest forecast, the department stated that showers may occur in Western province and in Puttalam, Galle, Matara and Rathnapura...