The leader of the rebels in eastern Congo, including the M23 group, rejects international sanctions and a planned minerals deal with the U.S., vowing to continue fighting against Congolese forces to secure the future of their country. Despite efforts for a ceasefire, the rebels have seized key cities and towns, cutting off Congolese army positions and aiming to address the root causes of the conflict, rooted in ethnic tensions and discrimination. The rebel leader emphasizes the need for dialogue with Congo’s government, rejecting peace talks without their involvement and asserting their independence from external forces, including alleged Rwandan support.
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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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