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more ...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…
more ...Alliance sets sights on minerals needed for global shift to green energy
The U.S. government’s representative to the Minerals Security Partnership, an alliance of mostly Western countries that aims to speed the development of energy mineral supply chains, said last month that…
more ...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…
more ...Economic turmoil in Bolivia fuels distrust in government and its claim of a ‘failed coup’
LA PAZ — Signs reading “I’m buying dollars” line the doors of Víctor Vargas’ shoe shop in the heart of Bolivia’s biggest city, a desperate attempt to keep his family business…
more ...Meta risks fines over ‘pay for privacy’ model breaking EU rules
Brussels, Belgium — The EU accused Facebook owner Meta on Monday of breaching the bloc’s digital rules, paving the way for potential fines worth billions of euros. The charges against the…
more ...Russian satellite breaks up, forces space station astronauts to shelter
WASHINGTON — A defunct Russian satellite has broken up into more than 100 pieces of debris in orbit, forcing astronauts on the International Space Station to take shelter for about an…
more ...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…
more ...Indonesia aims to build cutting-edge spaceport but faces obstacles
Jakarta, Indonesia — Indonesia aims to launch 19 satellites into low-Earth orbit next year, part of an ambitious plan to move the country into the forefront of the world’s growing space…
more ...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…
more ...Zimbabwe fights higher drug abuse cases, especially among youth
HARARE, ZIMBABWE — Officials in Zimbabwe, which is facing a growing problem of substance abuse — especially among unemployed youth, say arrests have surged in 2024, with close to 2,400 people…
more ...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…
more ...China wants EU to remove tariffs on EVs by July 4 as talks resume
BEIJING — Beijing wants the EU to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China’s state-controlled Global Times reported, after both sides agreed to hold new trade…
more ...Why Vietnam drought may spike global espresso prices
Gia Lai Province — Vietnam’s coffee growers have been hit hard by the worst drought in nearly a decade this year, and that could mean a morning espresso is about to…
more ...Apple’s App Store rules breach EU tech rules, EU regulators say
AMSTERDAM — Apple’s App Store rules breach EU tech rules because they prevent app developers from steering consumers to alternative offers, EU antitrust regulators said on Monday, a charge that could…
more ...Study: Luxury sales flatten amid creativity crisis, price hikes
MILAN — The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus…
more ...Germany assures China that doors still open to discuss EU surcharges
Shanghai, China — The German vice-chancellor assured China on Saturday that the “doors” remained “open” to discuss EU surcharges on Chinese electric vehicles, without reassuring Beijing which promised to “firmly defend”…
more ...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,…
more ...China, France launch satellite to better understand universe
Xichang, China — A French-Chinese satellite blasted off Saturday on a hunt for the mightiest explosions in the universe, in a notable example of cooperation between a Western power and the…
more ...Kazakhstan needs to overhaul labor, poverty statistics, experts say
ALMATY, KAZAKHSTAN — Economic analysts in Kazakhstan say the government is using a formulation for setting the poverty line that fails to capture the number of people living below a humane…
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