In a significant move within the tech industry, IonQ, a leader in quantum computing, has announced the acquisition of Oxford Ionics, a UK-based quantum startup, for $1.075 billion. The deal comprises approximately $1.065 billion in IonQ stock and $10 million in cash, subject to customary closing adjustments. This acquisition positions IonQ as a formidable player […]
Colombo, Sri Lanka – August 2025 – The Commercial Bank of Ceylon PLC (ComBank) has reported a remarkable 101% year-on-year increase in profit, reaching Rs. 15.9 billion for the quarter ending June 2025. This impressive performance underscores the bank’s strong financial position and the effectiveness of its strategic initiatives. The significant growth in profits reflects […]
In a strategic move to bolster its infrastructure sector, the Sri Lankan government has secured a $500 million loan from China’s Exim Bank, denominated in Chinese yuan. This significant financing is aimed at supporting critical infrastructure projects across the country, ranging from transportation and energy to urban development and sustainable initiatives. The decision to borrow […]
