President Felix Tshisekedi of Congo announced plans to form a unity government in response to escalating violence in the country’s east, where Rwandan-backed rebels have seized major cities and caused thousands of deaths. The M23 rebels, supported by Rwandan troops, have taken control of Goma and Bukavu, with fears of advancing towards Kinshasa. Accusations of Congo enlisting Hutu fighters and M23’s claims of protecting Tutsis and Rwandans in Congo have raised concerns, while Tshisekedi has vowed to strengthen the army in the face of the crisis.
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Dow, S&P 500, Nasdaq futures rise after China signals tariff restraint, bank earnings roll in
BNY CEO Robin Vince discussed the potential of a recession, highlighting the uncertainty in the current environment due to worrying leading indicators like airline price cuts reflecting decreased consumer and CEO confidence. Vince emphasized the impact of sentiment on economic stability, predicting a convergence of trends around growth and confidence, with a medium-term outlook suggesting potential economic slowdown during a 90-day period of uncertainty and action. Full Article
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