Soldiers and Shiite Muslims clashed in Abuja, Nigeria’s capital, resulting in the deaths of six people, including one security force and five members of the Islamic Movement of Nigeria during a demonstration in solidarity with Palestinians on International Quds Day. The group, representing 5% of Nigeria’s Muslims and inspired by Iran’s Islamic Revolution, has a history of violent protests and was banned in 2019 following alleged extremist ties. The police claim the group was armed, while rights groups criticize the military’s use of lethal force and call for a thorough investigation.
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US semiconductor maker Wolfspeed to file for bankruptcy
Wolfspeed, a North Carolina semiconductor manufacturer for electric vehicles, has reached a bankruptcy agreement to reduce its $6.5 billion debt by over two-thirds, effectively wiping out existing shareholders. The company plans to formally file for bankruptcy soon and aims to emerge by the end of 2025, while navigating challenges from rising interest rates and changing government policies. Need More Context? 🔎
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