World News

The International Monetary Fund has agreed to provide Sri Lanka with a $2.9 billion support package over four years, aimed at helping the country recover from its severe economic crisis. The arrangement is contingent on creditor approvals and will focus on restoring financial stability and economic growth potential.

A masked gunman triggered smoke grenades and fired 33 bullets during rush-hour subway train, injuring at least 10 people. Authorities investigating Frank R. James and examining his social media posts for potential connection to the violent incident.

Asian stocks declined on Tuesday, with MSCI's Asia-Pacific index falling 1.97%, driven by concerns over the Ukraine war, potential U.S. interest rate hikes, and China's rising COVID-19 cases. Chinese stocks showed pronounced weakness, reflecting broader market uncertainty and economic challenges.

The UN Food and Agriculture Organization reports that the war in Ukraine could severely impact food security in Africa, Asia, and the Middle East. Ukraine and Russia, responsible for one-third of global grain exports, face agricultural disruptions that may escalate worldwide food insecurity and drive up already high international food prices.

China has pledged $31 million in humanitarian aid to Afghanistan, focusing on economic revival, pandemic response, and addressing malnutrition. The aid package was announced by Foreign Minister Wang Yi during a regional diplomatic meeting, emphasizing collaborative efforts to rebuild Afghan society. [100 words]

Indonesia's economy rebounds strongly with 7.07% growth in Q2, marking its best performance in 17 years. However, the recovery is threatened by increasing COVID-19 cases, potentially impacting future economic progress and stability.

Facebook has declared the Taliban a terrorist organization and will ban content supporting the group. Despite restrictions, Taliban members reportedly continue using WhatsApp for communication. The company says it is monitoring accounts and will take action against those linked to the organization.

The World Bank has lowered Malaysia's GDP growth projection to 4.5% in 2021, down from the previous 6%, citing concerns about COVID-19 resurgence, healthcare system strain, and economic disruptions caused by repeated lockdowns and business closures.

Singapore and Vietnam are moving forward to strengthen their digital economy collaboration. Foreign Affairs Minister Vivian Balakrishnan met with Vietnamese counterpart Bui Thanh Son to discuss joint initiatives and facilitate bilateral economic engagement in the digital sector.

The FAO Food Price Index reached 127.1 points in May, marking the 12th consecutive month of increases. Prices have risen 4.8% compared to April 2021 and nearly 40% since May 2020, reflecting significant global food market volatility and potential economic challenges for consumers worldwide.