Good morning. We’re covering rising violence in Pakistan and a blow to Adani Enterprises. |
 | | Peshawar has been a hotbed of conflict for most of the past 40 years.Arshad Arbab/EPA, via Shutterstock |
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‘Terrorism has returned’ in Pakistan |
The devastating attack on a mosque in a heavily guarded neighborhood added to evidence that the Pakistani Taliban are regaining strength from safe havens in Afghanistan. In 2014, the group carried out a massacre at a school in Peshawar, a provincial capital near the border. That energized a Pakistani military offensive, which sent most of its fighters and other militants out of the region. Since 2015, the city has been relatively calm. |
Now, the Taliban are back in power in Afghanistan. They have covertly supported the Pakistani Taliban for years — a regional expert told The Times that the group’s leadership is based in Afghanistan — and have refused to help Pakistan rein them in. As negotiations stalled, the Pakistani Taliban regrouped and have begun flooding back into Pakistan’s northwest. |
Quotable: “It seems that suicide bombing and terrorism has returned,” a rickshaw driver in Peshawar said. |
What’s next: The attack came during a time of economic and political upheaval in Pakistan, which has consumed the country’s leaders. Few think they are equipped to respond right now. |
 | | Gautam Adani is still seeing his personal fortune shrink as the sell-off continues.M. Scott Brauer for The New York Times |
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Adani scraps its offering |
Adani Enterprises, the flagship of the Indian conglomerate Adani Group, called off its $2.5 billion share sale yesterday. It cited “market volatility” as it struggles to overcome a plunge in its value set off by fraud allegations last week. |
That’s a flip: On Tuesday, the sale closed after a nail-biting process. It was fully subscribed by investors, including state-led institutions like Abu Dhabi’s International Holding Company and funds controlled by the State Bank of India. |
But yesterday shares in Adani Enterprises fell sharply, pushing its price well below the range it offered to investors in the sale. Other Adani Group companies have also dropped in value. Shareholders in these companies have seen more than $90 billion in market value wiped out. |
Background: Hindenburg Research, a U.S.-based short seller, has accused the group of running “a brazen stock manipulation and accounting fraud scheme” in part through offshore tax shelters. |
 | | Russia and Ukraine are each believed to be preparing for larger offensives as warmer spring temperatures arrive.Lynsey Addario for The New York Times |
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Bakhmut, a city in eastern Ukraine, is a center for heavy fighting. As Russia tries to gain its first significant victory in months, it’s pouring troops into the eastern city in a bloody campaign to break Ukraine’s resistance and target its supply lines. |
Russian deaths in recent fighting in Bakhmut have increased, according to Ukrainian sources. And many Ukrainian soldiers have also died in the battle. That represents a change in approach — Ukraine once had qualms about engaging directly in a drawn-out fight for a city. |
Russia: Moscow’s fighters — many of them recruited from prisons by the Wagner private military group — have often fought on foot, an expert said, which contributed to the heavy losses. |
Ukraine: Kyiv has mostly relied on the national guard and other forces to hold its main defensive line. Better-trained infantry units rushed in if those fighters were attacked or retreated. |
 | | Authorities had feared it would take weeks to scour hundreds of miles of an Australian desert highway.Australian Department of Fire and Emergency Services |
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 | | Tom Brady is widely considered to be the greatest player in N.F.L. history.Damon Winter/The New York Times |
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 | | These impeccable greens, in the northern reaches of Hong Kong, have become an unlikely battleground.Billy H.C. Kwok for The New York Times |
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The dispute is dividing the city’s elites. Beijing is pushing Hong Kong to close its wealth gap, and business leaders are often aligned with the Communist Party. But many are also members of the club, which charges a $2 million entry fee, and fiercely protective of the city’s capitalist wealth. |
Why is Asia still wearing masks? |
East Asia is just starting to unravel its pandemic mask restrictions. South Korea dropped its indoor mandate on Monday. Taiwan is planning to jettison its mandate, and Japan is set to loosen its widely followed masking recommendations. |
But even as governments ease rules, people in East Asia are likely to keep their masks up. Notably, health officials still recommend masks, at least for now, and masks signal good etiquette and respect for others’ well-being. Two years of restrictions have also deepened a habit that predates Covid. Air pollution is a factor, especially in China and South Korea. |
On a superficial level, masks can ease societal pressures, and they have relieved many South Koreans of the pressure to maintain a level of facial beauty. In Japan, some even call masks “kao pantsu,” or “face pants,” suggesting that unmasking would be akin to unpantsing in public. |
One teacher in Yokohama said that her students mask “just like they reflexively bow their heads when seeing an elder. Without a mask on, they feel something is missing.” |
 | | David Malosh for The New York Times |
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Eve Ensler, the creator of “The Vagina Monologues,” confronts racism and violence in “Reckoning,” a raw, free-associative collection. |
That’s it for today’s briefing. See you next time. — Amelia |
Daniel E. Slotnik contributed to this briefing. |
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