Q&A: The U.N. report on the end of Sri Lanka’s war

A panel advising the U.N. Secretary-General on accountability for the bloody end of Sri Lanka’s war overstepped its mandate by producing an investigative report concluding there are "credible allegations" of war crimes, Sri Lanka said Thursday. Here are some questions and answers about the report and its likely impact on the Indian Ocean island nation:… Continue reading Q&A: The U.N. report on the end of Sri Lanka’s war

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U.N. panel says war crimes likely committed in Sri Lanka war

A U.N.-appointed panel has found "credible allegations" that tens of thousands of civilians were killed and war crimes were committed in the final months of Sri Lanka’s war with the Liberation Tigers of Tamil Eelam, and urged the investigation and prosecution of those responsible. "The panel found credible allegations, which if proven, indicate that a… Continue reading U.N. panel says war crimes likely committed in Sri Lanka war

Rajaratnam defence to present its case for NY jury

Now it is hedge fund manager Raj Rajaratnam’s lawyers’ turn to make their case at his insider trading trial on Monday that the government was wrong to accuse him of conspiracy and fraud. The jurors have heard five weeks of prosecution evidence, including dozens of FBI phone taps and testimony of three cooperating witnesses that… Continue reading Rajaratnam defence to present its case for NY jury

India beat Sri Lanka to win World Cup

India sparked wild celebrations among their billion supporters after beating Sri Lanka by six wickets in the World Cup final at Mumbai’s Wankhede Stadium on Saturday. After Sri Lanka captain Kumar Sangakkara won the toss and opted to bat first, Mahela Jayawardene smashed 103 not out off just 88 balls and featured in half-century stands… Continue reading India beat Sri Lanka to win World Cup

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Rugby-IRB strips Sri Lanka of full member status

The International Rugby Board has stripped Sri Lanka’s rugby union of full member status after it failed to conduct board elections in accordance with IRB bye laws. The decision followed ongoing concerns regarding the governance and management of the Sri Lanka Rugby Football Union (SLRFU) after it missed a Jan. 31 deadline for elections in… Continue reading Rugby-IRB strips Sri Lanka of full member status

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Courtroom showdown in sweeping U.S. trading probe

A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses. Jury selection in the case against the Galleon Group founder in New York starts on Tuesday.… Continue reading Courtroom showdown in sweeping U.S. trading probe

Sri Lanka shrugs off inflation fears, holds rates

Sri Lanka’s central bank on Tuesday shrugged off food inflation fears and held interest rates at six-year lows as expected, saying export earnings growth and adequate rice stocks should offset any supply shocks. Two rounds of heavy flooding that hit the staple rice crop, the first of which came right after the central bank surprised… Continue reading Sri Lanka shrugs off inflation fears, holds rates

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