Sri Lanka to probe U.S. charges of possible war crimes

Sri Lanka’s president will appoint a home-grown committee to probe a U.S. State Department report of possible war crimes at the end of Sri Lanka’s 25-year war against the Tamil Tigers, the government said on Monday. Sri Lanka is facing heavy Western pressure over its human rights record, which the government blames on members of… Continue reading Sri Lanka to probe U.S. charges of possible war crimes

Sri Lanka faces loss of EU trade perks over rights

Brussels has consistently warned Sri Lanka that it must meet 27 international human rights conventions to retain its Generalised System of Preference Plus trade scheme. Suspending the preferential tariffs would hit Sri Lanka’s textile industry hard and many fear big job cuts as a result. In 2008, the European Union was Sri Lanka’s largest export… Continue reading Sri Lanka faces loss of EU trade perks over rights

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India offers $100 mln to help Sri Lanka refugees

India offered Sri Lanka on Sunday $100 million to help war refugees return home and rebuild the country’s ravaged north, as New Delhi seeks to engage in the island nation’s post-war reconstruction and retain influence. Home Minister Palaniappan Chidambaram said India was willing to provide the aid package to Sri Lanka if it submitted a… Continue reading India offers $100 mln to help Sri Lanka refugees

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EXCLUSIVE – EU probe slams Sri Lanka on human rights

A European Union probe has found Sri Lanka in breach of international human rights laws, meaning the South Asian country is likely to lose concessions worth over $100 million for its top exports to Europe, EU sources said. Brussels is expected to publish on Monday the findings of its investigation into Sri Lanka launched a… Continue reading EXCLUSIVE – EU probe slams Sri Lanka on human rights

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U.S. charges billionaire Rajaratnam with record insider trading

Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever. Investigators said they used court-approved telephone wire taps for the first time in a Wall Street insider trading case, sending shivers through the hedge fund industry which… Continue reading U.S. charges billionaire Rajaratnam with record insider trading

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FACTBOX-Five political risks to watch in Sri Lanka

Sri Lankan President Mahinda Rajapaksa’s ruling coalition looks set to win polls in his native Southern Province on Saturday, seen as the last political step he wants to clear before calling an early presidential election. Following is a summary of five key risks in Sri Lanka, which won a 25-year war against the Tamil Tigers… Continue reading FACTBOX-Five political risks to watch in Sri Lanka