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Sri Lankans jump ship as a bankrupt nation struggles
Sri Lankans jump ship as a bankrupt nation struggles
by  AFP

The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line -- people scrambling for travel documents to flee their bankrupt island. This year through May, 433,000 overseas travel documents have been issued, according to the Immigration and Emigration Department.

Asian markets fall further as US data fans rate fears
Asian markets fall further as US data fans rate fears
by  AFP

Stocks tumbled again Friday in Asia after another round of strong US data reinforced expectations the Federal Reserve will resume its interest rate hikes as officials wrestle with stubbornly high inflation. The readings pointed to an economy that remained in rude health, even after 10 straight interest rate hikes, and analysts said it solidified bets on a July hike at least.

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