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New York goes Left

Daily FT

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November 15, 2025

Zohran Mamdani’s historic victory and what it means for global cities

New York goes Left

Zohran Mamdani

NEW York City has made history. With his decisive win over former governor Andrew Cuomo and Republican Curtis Sliwa, Assembly member Zohran Mamdani has become the city’s first Muslim, first South-Asian-origin, and most openly progressive mayor in modern times. His victory, celebrated Tuesday night at the Brooklyn Paramount Theater, marks a symbolic turning point for America’s largest metropolis and for progressive urban governance worldwide.

Mamdani’s rise began with a surprise win in the Democratic primary in June 2025, when he defeated Cuomo, a veteran American politician , under New York’s ranked-choice voting system—a contest many likened to Alexandria Ocasio-Cortez’s insurgent 2018 run. His coalition of younger renters, immigrant families, transit-reliant workers, and climate-conscious voters upended the city’s political establishment. By Election Day, polls had him ahead by mid-teens; the final tally confirmed a comfortable margin of victory. Major networks called the race shortly after 10 p.m., prompting jubilation as Mamdani told supporters, “The future is in our hands.” The moment marked a generational realignment in New York politics.

At the heart of Mamdani’s platform lies the conviction that affordability defines livability. His plan advocates fare-free city buses, rent freezes, accelerated public-housing repairs, publicly managed groceries in underserved neighborhoods, universal childcare, and higher taxes on top-income brackets and vacant luxury properties.

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ComBank takes lending to new levels in mission-focused 2025

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time to read

4 mins

February 27, 2026

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Portugal seeks new era in ties with Sri Lanka

PORTUGUESE State and Foreign Affairs Minister Paulo Rangel called for a “new era” in relations between Sri Lanka and Portugal, identifying renewable energy, tourism, infrastructure, and digital development as key pillars for deeper engagement.

time to read

1 mins

February 27, 2026

Daily FT

Shangri-La Hambantota achieves Halal-friendly certification

Milestone aims at strengthening inclusive hospitality across Sri Lanka

time to read

2 mins

February 27, 2026

Daily FT

Bank of Ceylon records Rs. 120.8 b PBT in 2025

Reports PAT at Rs. 76 b

time to read

5 mins

February 27, 2026

Daily FT

Daily FT

A Foucault’s pendulum swings over speaking truth to power in SL today

IF the 20th century French philosopher Michel Foucault had been a modern Sri Lankan politician, he might have skipped a schooling at Sorbonne, and tried his hand at stand-up - simply in order to essay his theses on power.

time to read

10 mins

February 27, 2026

Daily FT

First-of-its-kind Sri Lanka fund aims for $ 100 m globally

ACP Asset Management and its investment manager ACP Corum on Wednesday announced the launch of its Sri Lanka Opportunity Fund, the first and only European-regulated Undertakings for Collective Investment in Transferable Securities (UCITS) fund dedicated to Sri Lankan assets.

time to read

2 mins

February 27, 2026

Daily FT

HNB supports Lanka's recovery with record advances growth, strengthened balance sheet

Group's total tax contribution at Rs. 48.4 b in 2025

time to read

4 mins

February 27, 2026

Daily FT

Seylan Bank posts record PAT of Rs. 12.1 b in 2025

Reports PBT of Rs. 19.6 b up by 22.3%; PAT up 20.5% Total assets up 18% to Rs. 921 b

time to read

3 mins

February 27, 2026

Daily FT

People's Bank achieves historic Rs. 40.2 b profit

Group assets surge to surpass record

time to read

2 mins

February 27, 2026

Daily FT

Daily FT

SriLankan Airlines bringing India closer to Sri Lanka

SRILANKAN Airlines has unveiled strategic initiatives aimed at enhancing connectivity between India and Sri Lanka while further strengthening the time-honoured bond between the two nations at a special press conference in Delhi, India, alongside SATTE 2026, South Asia’s leading travel and tourism exhibition.

time to read

2 mins

February 27, 2026

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