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ATLANTIC CITY - A development company has its sights set on Atlantic City's Bader Field for a flashy new multi-million dollar project that local leadership believes could be a shot in the arm to its economy. Bader Field, once the site of one of the nation's first airports, has been deserted since 2006. Atlantic City Mayor called the plot of land "our last asset" and said local leadership needs to manage the property responsibly to "get a win-win-win for the taxpayers."The latest proposal from DEEM Enterprises has the Small and others excited: a $2.7M project that features hundreds of condos, surrounding a Motorsports facility and a technology hub.

With Russia’s invasion of Ukraine underway, Western nations are now hitting back with tougher economic sanctions.

European Commission President Ursula von der Leyen said Thursday that the European Union would introduce “massive and targeted” sanctions against Russia after President Vladimir Putin ordered a wide-ranging military attack on Ukraine.

COLOMBO (News 1st); The global digital platform (GDP) prepared by the National Science Foundation for Sri Lankan expatriates and emigrants in the world was launched on Monday (21) at the BMICH.The National Science Foundation (NSF) embarked upon constructing an instrument with technical support from the SLASSCOM to harness this potential, and a state-of-the-art global digital platform with the requisite capabilities and features to mobilise the expatriates for national development has now been developed.More than 950 Sri Lankans around the world are currently connected to this network.The GDP of the NSF will facilitate effective harnessing, mobilising, and channeling intellectual assets at home and abroad ― the most precious and treasured resource in a knowledge economy –– for development.This will enable Sri Lanka to address and resolve high-priority national needs and concerns while making the most of the opportunities and natural resources available in order to transform Sri Lanka into a developed nation.A Memorandum of Understanding (MOU) was also signed between the National Science Foundation (NSF) and the Sri Lanka Association of Software and Service Companies (SLASSCOM) for a broader purpose, including enhancing higher education and its capacity building, enhancing educational collaboration and research collaboration.

COLOMBO (News 1st): It is important to introduce ethics for social media usage, Shehan Semasinghe, the State Minister of Samurdhi, Household Economy, Micro Finance, Self Employment, and Business Development said. He pointed out that social media is being used to circulate misinformation.“Certain people have taken the lead in tarnishing Sri Lanka’s reputation with regard to Human Rights, every time the Geneva Human Rights Council session is there. This is because they cannot stand the revival of a collapsed economy,” State Minister Semasinghe emphasized.Thereby, he highlighted the need to introduce social media ethics, since the use of social media for personal gains may negatively impact the country on the diplomatic front.He shared these remarks at an event held in Anuradhapura.

The Lincoln Memorial is seen on President's Day in Washington, DC. President's Day was first observed in 1796 in recognition of George Washington's birthday.

Trudeau invokes Emergencies Act for 1st time to aid convoy blockade response Kenney referenced the Critical Infrastructure Defence Act, legislation that allows law enforcement to arrest and fine anyone impeding what is deemed critical economic infrastructure, including railways and highways.He said the legislation gives the province sanctions “that are quite similar to the court injunction obtained by Ontario” to break up a blockade on the Ambassador Bridge in Windsor, Ont., over the weekend.Kenney said he is concerned invoking the Emergencies Act could have the potential to make things worse at the Coutts blockade.“I think at this point, for the federal government to reach in over top of us, without offering anything in particular, would frankly be unhelpful,” Kenney said.“I think we need to find ways to effectively enforce without escalating the situation.” RCMP arrest 13 people, seize weapons and ammunition near Coutts border blockade Kenney’s comments come after several arrests were made and more than a dozen long guns, handguns, ammunition and body armour were seized at the blockade. The premier described the group as a “militant cell” and said it’s why there has been “a relatively light touch on enforcement.”It’s the first time the Emergencies Act has been enacted in Canada, which Trudeau said would have a time and geographic limitation to areas impacted by the blockades and where law enforcement deems the expanded powers are needed.According to Trudeau, the expanded powers will give police more tools for enforcement and allow the RCMP to enforce municipal bylaws and provincial offences where it’s necessary.“The potential for violent acts I think remains.

Seoul (News 1st); Former Sri Lankan President Maithripala Sirisena has called on the world to pledge to not be warmongers and war criminals but peacemakers and sacrifice in whatever way required to benefit humanity forever with bestowed peace.Sirisena was speaking at the World Summit 2022 (Summit for Peace on the Korean Peninsula) in Seoul, South Korea.World Summit 2022 (Summit for Peace on the Korean Peninsula) gathered world leaders and a worldwide virtual audience around topics related to peaceful reconciliation on the Korean Peninsula.It featured keynote speakers from around the world on a range of topics related to the peaceful reconciliation of the Korean Peninsula. Many speakers are from the 157 countries that have diplomatic ties with both North and South Korea.“The experiences in the unification of Germany and Vietnam show how two contrasting political ideologies could positively merge.

COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.

As protesters remain at the Ambassador Bridge, the blockade disrupting the busiest border crossing between Canada and the U.S. is taking a toll on economies on both sides.

U.S. President Joe Biden speaks at Germanna Community College in Culpeper, Virginia, on Feb. 10, 2022.

₹9.57 lakh crore for the economy was far sharper than ₹2.12 lakh crore in GDP growth that was lost in 2008-09 global financial crises, yet the government was able to contain consumer price inflation (CPI) to within 6.2% as opposed to CPI ballooning to 9.1% during the global financial crisis.

FILE - Workers unload shipments of food at Union Market in Washington, DC, on Feb. 9, 2022.

(Office of Gov. Tom Wolf)  ((Office of Gov. Tom Wolf) )HARRISBURG, Pa. - Gov.

The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron COVID-19 variant. Absence due to illness also rose to a record high, with one in 10 employees off sick.

A 'Now Hiring' sign outside a Wendy's fast food restaurant in Seymour, Indiana, U.S., on Monday, Dec. 6, 2021.

ANI "it is difficult to give numbers. I don't have any forecast with me right now but in my personal capacity I can say that if economic growth momentum continues at this pace then within 6 to 9 months India will recover job losses which occurred due to pandemic."

COLOMBO (News 1st); In a shocking revelation, Sri Lanka’s current Finance Minister and dual US-Sri Lankan citizen Basil Rajapakse, speaking to a local Sunday newspaper (‘The Sunday Divayina’) admitted that during the height of the civil war, Sri Lanka purchased weapons from North Korea using money sourced from the Black Market.He also noted in his interview that Sri Lanka secured black market dollars to pay for fuel during the same period.The Finance Minister said that when the war was going on Sri Lanka needed dollars to pay for the fuel shipments and he along with other officials would visit the ‘Pettah’ Business District in Colombo, where he spoke with traders to secure dollars in the black market.“We used to call upon Pettah traders..

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Economic Survey 2021-22 in Lok Sabha on the first day of the Budget Session of Parliament. India's Gross Domestic Product (GDP) is expected to expand by 9.2 per cent in the current financial year, according to the Economic Survey 2021-22.

FILE - President Joe Biden delivers remarks on ending the war in Afghanistan, on Aug. 31, 2021, in front of the Cross Hall of the White House.

WASHINGTON (AP) - The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession.The nation’s gross domestic product — its total output of goods and services — expanded 5.7% in 2021.

WASHINGTON (AP) - Fewer Americans applied for unemployment benefits last week following three straight increases amid a surge in cases of the omicron variant of COVID-19.Jobless claims fell by 30,000 to 260,000 last week, the Labor Department reported Thursday, fewer than the 265,000 analysts were expecting.The four-week average of claims, which compensates for weekly volatility, rose by 15,000 to 247,000, the highest in two months.Altogether, nearly 1.7 million people were collecting jobless aid the week that ended Jan. 15, a nominal increase of 51,000 from the previous week.A recent surge in COVID-19 cases has set back what had been a strong comeback from last year’s short but devastating coronavirus recession.

WASHINGTON (AP) - Will mortgage rates go up? How about car loans? Credit cards?How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more?With the Federal Reserve signaling Wednesday that it will begin raising its benchmark interest rate as soon as March — and probably a few additional times this year — consumers and businesses will eventually feel it.The Fed’s thinking is that with America’s job market essentially back to normal and inflation surging well beyond the central bank’s annual 2% target, now is the time to raise its benchmark rate from near zero.The Fed had slashed its key rate after the pandemic recession erupted two years ago. The idea was to support the economy by encouraging borrowing and spending. But now, by making loans gradually costlier, the Fed hopes to stem the surging price increases that have been squeezing consumers and businesses.Here are some questions on what this could mean for consumers and businesses.Probably, but it's hard to say.

WASHINGTON - At President Biden's direction, the Pentagon is putting about 8,500 U.S.-based troops on heightened alert for potential deployment to Europe amid rising fears of a possible Russian military move on Ukraine.Pentagon press secretary John Kirby said Monday no final decisions had been made on deployments, which he said would happen only if the NATO alliance decides to activate a rapid-response force "or if other situations develop" in connection with tensions over Russia's military buildup along Ukraine's borders."What this is about is reassurance to our NATO allies," Kirby said, adding that no troops are intended for deployment to Ukraine itself.Kirby said Defense Secretary Lloyd Austin recommended to Biden that up to 8,500 troops be ordered to prepare for potential deployment to Europe in light of signs that Russian President Vladimir Putin is not de-escalating his military pressure on Ukraine. Kirby said he was not prepared to identify the U.S.-based units because they were still being notified."We’ve always said we would reinforce our allies on the eastern flank, and those conversations and discussions have certainly been part of what our national security officials have been discussing with their counterparts now for several weeks," said White House press secretary Jen Psaki.FILE - Pentagon Press Secretary John Kirby.

world economy that continues to be wracked by supply chain chaos, worker absenteeism and faltering assembly lines.

In this photo illustration, a person files an application for unemployment benefits on April 16, 2020, in Arlington, Virginia. (Photo by OLIVIER DOULIERY/AFP via Getty Images) The Federal Reserve might reconsider plans to ease its massive support for the economy if claims stay above 250,000 as the Fed's March policy meeting approaches, Contingent said.While the fast-moving omicron variant may cause less severe disease on average, COVID-19 deaths in the U.S. are climbing and modelers forecast 50,000 to 300,000 more Americans could die by the time the wave subsides in mid-March.The seven-day rolling average for daily new COVID-19 deaths in the U.S.

COLOMBO (News 1st); India’s External Affairs Minister Dr. S.

COLOMBO (News 1st); What would you do if you were the President today?, was the question posed to Sri Lanka’s Former Prime Minister Ranil Wickremesinghe on Wednesday (12).Wickremesinghe is the Leader of the United National Party, the oldest political party in Sri Lanka, and the only MP in parliament from the UNP.“I am not the President. But, I know what should be done at this time,” said Wickremesinghe during the 10 Questions programs with News 1st.According to Wickremesinghe, Sri Lanka’s economy was stable in 2019 despite the Easter Attacks, and it was a matter of moving forward.He said suspending the imports of raw material to save reserves is a wrong move, adding SWAP agreements with other countries will not be successful.Wickremesinghe said the Trincomalee Oil Tanks could have been developed and Sri Lanka could have supplied fuel to the whole of South India.He said the Light rail transit (LRT), LNG programs, Central Expressway, MCC, and related programs could have boosted the reserves.“I would not anger India, China, Japan, USA, Europe, all at once,” pointed out Wickremesinghe.

In case our readers are unaware, pre-open economy Sri Lanka was a time where the general public had to stay in long queues to buy essential items ranging from rice to kerosene.When the News 1st team visited urban hotspots of the commercial capital of the island nation our cameras captured certain sights prevalent during the closed economy.Due to the dire consequence of the gas crisis, bullock carts carrying kerosene barrels were seen in Central Colombo’s Maligawatte area, a sight that took the residents down the memory lane.Our reporters said that this is now a common sight in many parts of Colombo City.An elderly lady speaking to News 1st said that it is a pity to see the fate of the country as she reminisced her times standing in queue to buy rice and bread during the 1970s.Although the two leading gas companies in Sri Lanka have said that ample gas stocks will be distributed to the market, the queues do not seem to end.Some people who are heavily impacted by the gas shortage have now opted to use firewood.In general, it was reported that gas queues were seen across the island today (11) as well.

An estimated 30 per cent of Alberta truck drivers are not fully immunized against COVID-19, and industry advocates say losing a soon-to-expire border exemption could harm the economy. Dan Grummett reports.

COLOMBO (News 1st); Chinese Foreign Minister Wang Yi arrived in Sri Lanka on Saturday (8) on 2-day visit to mark the 65th anniversary of Diplomatic Ties between the twi countries.During his visit, the Chinese Foreign Minister will meet with the country’s top leadership.His visit marks the 65th anniversary of diplomatic ties between the two nations and the 70th anniversary of theLanka-China Rubber Rice Pact. Signed in 1952, the Rubber-Rice Pact was a trade agreement between Lanka andChina under which Colombo supplied rubber to Beijing in exchange for rice, leading to the establishment ofdiplomatic relations and expansion of trade between the two nations.Profile:Wang Yi, a native of Beijing, was born in October 1953.

Nicola Sturgeon has thanked health and care workers for "an absolutely magnificent job" in her New Year message to Scots.

COLOMBO (News 1st); Sri Lanka’s Central Bank data show that Rs. 202 billion had been printed on Wednesday (29).It’s the first time since it had printed money since the 14th of October 2021.This brings the total money printed so far this year up to Rs.

COLOMBO (News 1st); The Samagi Jana Balawegaya has commenced a pilot program to donate Smart Boards and computers to the school system in Sri Lanka, on Friday (24) as one of the milestones in the journey towards a digital economy through information technology.The project launched based on a concept of the Leader of the Opposition, Sajith Premadasa, is being implemented targeting public schools. The Opposition Leader, Sajith Premadasa speaking on the occasion stated that in the context of the digital revolution being active worldwide as an important part of the fourth Industrial Revolution, only 22.

COLOMBO (News 1st); The Central Bank of Sri Lanka says that it is currently taking measures to ensure that, by the end of 2021, official reserves will remain above USD 3 billion. In a release, the CBSL states that the Sri Lankan economy showed resilience throughout 2021 despite the headwinds of the economic impact of COVID-19 and challenges posed by adverse developments in the external sector.

supply chain issues and the effects of inflation have increasingly plagued the U.S. While the -33 readings in 2020 and today are the worst since the Great Recession, they are far from the lowest on record, -72 in October 2008.Line graph.

Football matches and public events in Lanarkshire and across Scotland will be limited to a maximum of 500 spectators until mid-January and hospitality venues will have to reintroduce distancing and table-only service under new measures to combat coronavirus.

NEW YORK - Candy canes may be harder to come by this holiday season, possibly the result of declining peppermint production in the U.S. and the global supply chain facing a multitude of problems.Economy Candy, which claims to be New York City's oldest retail candy shop, said it has faced a shortage of "all candy and chocolate products in recent months, including candy canes.""We only received half of our candy cane order for the holiday season and sold out almost immediately (we currently have zero in stock)," Mitchell Cohen, the owner of Economy Candy, told FOX Television Stations in an email.Economy Candy, which opened in 1937, sells over 2,000 varieties of candies, chocolates, dried fruits and nuts.

₹3,72,970 crore in excise duty since 2019-20 to the current period.

COLOMBO (News 1st); Sri Lanka’s economy is heading towards a disastrous situation, warned Leader of the National People’s Power, Anura Kumara Dissanayake on Monday (20) at the Party’s Convention titled ‘A promise of recovery for a shattered nation’.“There is a shortage of goods, forcing the prices to increase, while shipments of essential goods are also stuck in port,” he said.Dissanayake said the burning question among all is whether Sri Lanka can meet is debt obligation given the current economic crisis.He said the National People’s Power is ready to take over and lead the country to direct its rebuilding efforts for the betterment of the people.

Boris Johnson has been left rudderless on his Brexit policy after his chief negotiator walked out of cabinet pouring scorn on the Prime Minister’s covid restrictions and tax policies.

People come to pay their respects before the statues of late North Korean leaders Kim Il Sung and Kim Jong Il to mark the ten year anniversary of the death of Kim Jong Il, the father of current leader Kim Jong Un, on Mansu hill in Pyongyang on Decemb SEOUL, South Korea (AP) - North Korea on Friday commemorated the 10th anniversary of former leader Kim Jong Il’s death with calls for greater public loyalty toward his son and current leader Kim Jong Un, who is struggling to navigate the country out of deepening pandemic-related hardships.In his 10 years at the helm of North Korea since his father’s death, Kim Jong Un, 37, has secured the same absolute power enjoyed by Kim Jong Il and Kim Il Sung, the current leader’s grandfather and state

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WASHINGTON - The Senate approved legislation Tuesday to lift the nation's debt limit by $2.5 trillion under a deal struck between party leaders, defusing a volatile issue until after next year's midterm elections while saddling majority Democrats with a tough vote.The 50-49 party line vote came just one day shy of a deadline set by Treasury Secretary Janet Yellen, who warned last month that she was running out of maneuvering room to avoid the nation’s first-ever default.

Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland announced Monday that the Bank of Canada and federal government had renewed its inflation targeting mandate for five years, with the central bank keeping its inflation target at two per cent. However, Freeland added that If needed, the bank would allow inflation to sit closer to either end of its one to three per cent target range for short periods in relation to fluctuations in the labour market and global economy.

WASHINGTON - Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate in 39 years.The Labor Department also reported Friday that prices rose 0.8% from October to November — a substantial increase, though slightly less than 0.9% increase from September to October.Inflation has been inflicting a heavy burden on consumers, especially lower-income households and particularly for everyday necessities.

BEIJING :