Sri Lanka to save $5bn from bilateral debt deal  

Colombo, Sri Lanka — Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday. The island nation defaulted on its foreign borrowings in 2022 during an unprecedented economic crisis …

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US manufacturing contraction deepens in June

Washington — U.S. manufacturing activity edged lower in June, deepening a recent slump on continued weak demand, according to industry survey data published Monday. The Institute for Supply Management’s (ISM) manufacturing index came in at 48.5% last month, down 0.2 percentage points from May. The June data came in below market …

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Afghan farmers grow poppies despite Taliban’s ban

Washington — Opium poppy cultivation in Afghanistan was down sharply last year, according to the United Nations and private sources, but the plants are being grown in most provinces despite a ban imposed by the Taliban. Some areas grow more than others. According to sources inside Afghanistan and on Taliban-run social …

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 A source of nutrients and anxiety: Egypt cuts back on longtime bread subsidies

After more than three decades, Egypt has increased the fixed price of subsidized bread from 0.05 Egyptian pounds ($0.0010) a loaf to 0.20 Egyptian pounds ($0.0042). With record levels of inflation already straining the Egyptian people — the majority of whom rely upon the discounted dietary staple — Cairo-based photojournalist Hamada Elrasam turns his lens on …

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Chinese hackers have stepped up attacks on Taiwanese organizations, cybersecurity firm says

Hong Kong — A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as government, education, technology and diplomacy, according to cybersecurity intelligence company Recorded Future.  In recent years, relations between China and Taiwan, a self-governed island across the Taiwan Strait that …

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2 dead in Kenya youth protests

Nairobi, Kenya — A 21-year-old man died after being hit by a tear gas canister during protests in Kenya this week, a human rights official and the victim’s relative said Saturday, in the second fatality in connection with the youth-led demonstrations.  Led largely by Gen-Z Kenyans who have livestreamed the demonstrations …

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