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Egg prices on the rise again

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Egg prices in the local market have been increased despite the festive season being just around the corner.

Although the price of an white egg was around Rs. 40 – 42 in the last week of November, it rose to Rs. 44 – 46 last week before increasing again to Rs. 55 – 60.

The price of a white egg and brown egg at the Narahenpita Economic Centre is priced at Rs. 50 and Rs. 52 respectively.

It is speculated that the prices will continue to spike, resulting in the price hike of bakery and confectionary products.

Experts in the field allege that Trade Minister – Nalin Fernando’s short sighted decisions are to be blamed for his.

The minister had recently halted egg imports from India, stating that the local egg industry has been stabilized.

However, experts say that the minister had initially imported eggs when the demand was low and had left the local market to depend entirely on the local market when the demand was at its peak, to secure another future chance to import eggs from India.

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16 bn. Apple, Facebook, Google passwords exposed

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A staggering 16 billion passwords to Apple, Facebook, Google, and various US government services have been leaked online, triggering global security alerts in what experts are calling the most significant data breach in history.

The mammoth security breach has forced Google to urge billions of users to change their passwords immediately.

At the same time, the FBI has issued warnings to Americans about opening suspicious links in SMS messages.

Cybersecurity experts at Cybernews, who investigated the breach, discovered a whopping 30 exposed datasets containing between tens of millions and over 3.5 billion records each.

Perhaps most alarmingly, researchers confirmed that nearly all these exposed datasets contain previously unreported information, making this an entirely fresh security crisis.

“This is not just a leak – it’s a blueprint for mass exploitation,” the researchers said via Forbes this week.

(news.com.au)

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New chairman appointed to CSE

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Dimuthu Abeyesekera has been appointed as the new Chairman of the Colombo Stock Exchange (CSE).

The CSE announced that Mr. Abeyesekera brings over 35 years of experience in the capital markets and has served on the CSE Board for the past six years.

He currently serves as the Director/CEO of Asha Securities Ltd, which is affiliated with Phillip Capital Singapore, a specialized financial services organization managing assets worth over US$ 35 billion with a network of offices around the world.

Abeysekera also currently serves as the Director at Asha Financial Services Ltd, a specialised margin Trading Company in Colombo.

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Air India to cut 15% of widebody operated international flights

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Air India will be cutting down international flights on widebody aircraft that mostly connect long haul and ultra long haul destinations by 15%, the airline said late on Wednesday (June 18, 2025) evening.

The decision was taken to mitigate the impact of the compounding circumstances resulting from DGCA-ordered enhanced surveillance for Boeing 787 aircraft, geopolitical tensions in West Asua, night curfew in the airspaces of many countries in Europe and East Asia, and “the necessary cautious approach being taken by the engineering staff and Air India pilots”.

“The move will ensure stability of our operations, better efficiency and minimise inconvenience to passengers,” Air India said in a statement. A large chunk of widebody aircraft are utilised for flights to the US, Canada, Europe and Australia, and in some cases shorter international routes as well.

The cuts will be implemented between now and June 20 and will continue thereafter until at least mid-July. The move will also help the airline to have reserve aircraft availability to take care of any unplanned disruptions.

The airline has seen 83 flight cancellations on its Boeing 777 and Boeing 787 aircraft since the crash in Ahmedabad on June 12, which was the first time that a Boeing 787 Dreamliner was involved in an accident anywhere in the world.

There’s growing paranoia about air travel, government should strengthen air safety on ground, rebuild public trust, Congress leader says

The airline offered its apology to passengers for the inconvenience. Passengers will be able to reschedule at no extra cost, or seek full refund.

On top of the surveillance order by the DGCA for Boeing 787s, where 26 of the 33 aircraft so far have been inspected, the airline has also decided to undertake enhanced safety checks on its Boeing 777 fleet.

(The Hindu)

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