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Congo hits back as Botswana blames president for crisis

Bloomberg The Democratic Republic of Congo reacted angrily to Botswana’s claim that President Joseph Kabila’s decision to remain in power is stoking instability in the vast central African nation. Congo’s communications minister dismissed as “nonsense” the comments from Botswana, which represented the most strident criticism yet of Kabila by an African government. It comes as militia violence flares in Congo’s ...

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Construction is holding back American economy

The question of whether to prioritize jobs or economic efficiency is always difficult. Nowhere is this more of a dilemma than in the construction industry. In a world of rapid technological disruption, construction is a rock of solidity to which many blue-collar workers can cling. The industry still employs about 7 million workers in the US. The job doesn’t change ...

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Markets face new key-person risk

Riots, drought, social instability: Emerging markets are never easy. Now investors face a potentially bigger test—they must decide whether President Xi Jinping’s determination to remain in power in China is a risk-on or risk-off moment for the whole asset class. The Communist Party is set to repeal presidential term limits this month in a step that would allow the 64-year-old ...

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