ISTANBUL
Here’s a rundown of all the news you need to start your Thursday, including the shooting of two US National Guard members in Washington, DC, a fire that broke out at a high-rise complex in Hong Kong claiming at least 44 lives, and Guinea-Bissau’s military deposing the country’s president and closing all land, sea and air borders, saying it had uncovered a plot to “destabilize” the nation.
Two members of the US National Guard were shot in the nation’s capital, Washington, DC, on the eve of the Thanksgiving holiday.
"This heinous assault was an act of evil and act of hatred and an act of terror. It was a crime against our entire nation. It was a crime against humanity," President Donald Trump said in a video message from the state of Florida, where he is spending the holiday.
Trump said the suspect entered the US from Afghanistan in 2021 during former President Joe Biden’s term, vowing "to ensure that the animal who perpetrated this atrocity pays the steepest possible price."
"I can report tonight that, based on the best available information, the Department of Homeland Security is confident that the suspect in custody is a foreigner who entered our country from Afghanistan, a hellhole on earth. He was flown in by the Biden administration in September 2021," he said.
US media, citing law enforcement sources, reported that the suspect has been identified as Rahmanullah Lakanwal, a 29-year-old Afghan national, who is now in custody.
A fire that broke at an eight-building residential complex in Hong Kong’s Tai Po district has claimed 44 lives, while 279 people remain unaccounted for.
The number of casualties continues to rise, according to a report by the South China Morning Post (SCMP).
The fire broke out around noon Wednesday in the complex, which consists of more than 1,900 apartments, and spread rapidly due to bamboo scaffolding installed on the exterior for renovation work.
Guinea-Bissau’s military deposed President Umaro Sissoco Embalo and closed the country’s land, sea and air borders, saying it had uncovered a plot to “destabilize” the nation.
A group of military officers identifying themselves as the "High Military Command for the Restoration of National Security and Public Order" read a statement at the armed forces headquarters that was broadcast on state television TGB.
The officers said they “assumed full powers of the state.”
The military said it was responding to the discovery of a plot to “destabilize” Guinea-Bissau involving an “operational scheme” by national politicians, a “well-known drug baron,” nationals and foreigners, as well as attempts to manipulate election results.
NEWS IN BRIEF
BUSINESS & ECONOMY
US stocks closed higher midweek as expectations for a rate cut at the Federal Reserve’s December meeting continued to build.
The Dow Jones Industrial Average rose 0.67%, or 314.67 points, to close at 47,427.12.
The Nasdaq increased 0.82%, or 189.10 points, to 23,214.69, while the S&P 500 added 0.69%, or 46.73 points, to 6,812.61.
The International Monetary Fund (IMF) said Germany faces a persistently challenging medium-term growth outlook unless bolder reforms are implemented at home and at the EU level.
"Following several years of large economic shocks and negative growth, Germany’s landmark reform of its fiscal rule earlier this year has set the stage for an economic recovery, driven by a gradual acceleration of domestic investment and consumption," the fund said in a statement.
However, it was emphasized in the statement that medium-term prospects remain limited due to rapid population aging and weak productivity growth, and therefore, it is important to use existing fiscal space wisely to increase the economy's long-term production capacity.
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