Monday SITREP: Global Ratings

New President in Gabon, 30+ Killed in Russian Missile Strike in Ukraine and Israel Hits Gaza's Last Hospital.

Happy Monday.

๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon Coup Leader Wins Presidency

General Brice Oligui Nguema has won Gabon's presidential election with an overwhelming 90.4% of votes, solidifying his grip on power nearly two years after overthrowing his cousin Ali Bongo. Campaigning on promises to reduce youth unemployment through economic diversification beyond oil dependency, Nguema has pledged to grow GDP by 7% annually while adding domestic value to the country's natural resources. Despite his promises to attract foreign investment, Nguema has taken steps to increase state control over the economy, including using preemptive rights to block the sale of Assala Energy and taking controlling stakes in timber operations. Investors remain concerned about Gabon's widening budget deficit, which the IMF expects to reach 6.5% of GDP this year with public debt climbing to 80% of GDP. More - Bloomberg

๐Ÿ‡บ๐Ÿ‡ฆ Russian Missile Strike Kills Dozens

At least 34 people, including two children, were killed and over a hundred wounded when Russian ballistic missiles struck the northeastern Ukrainian city of Sumy during Palm Sunday celebrations. The attack occurred around 10:15am as people gathered in the city center, with Ukrainian President Volodymyr Zelenskyy calling for a global response and emphasizing that "Russian strikes deserve nothing but condemnation." The assault took place as the US, under President Trump, has intensified ceasefire efforts, with Trump's special envoy to Ukraine condemning the strike as crossing "any line of decency." European leaders including French President Macron, Germany's incoming Chancellor Merz, and British Prime Minister Starmer have strongly condemned the attack, with Macron stating "Everyone knows it is Russia alone that wants this war." More - Aljazeera

๐Ÿ‡ต๐Ÿ‡ธ Israel Strikes Last Functional Gaza City Hospital

An Israeli air strike has destroyed critical sections of al Ahli Arab Hospital, the last fully functioning hospital in Gaza City, targeting what the Israel Defense Forces claimed was a "command and control center used by Hamas." The strike demolished the intensive care and surgery departments, forcing evacuation of patients with only 20 minutes' warning, during which one child with a previous head injury died. The Episcopal Diocese of Jerusalem, which runs the hospital, expressed outrage at the bombing "on the morning of Palm Sunday and the beginning of Holy Week," while WHO Director-General Dr. Tedros Adhanom Ghebreyesus emphasized that "hospitals are protected under international humanitarian law" as the facility was rendered out of service. More - BBC

๐Ÿšข US Reliance on China

The Financial Times has a good explainer of which Chinese-made goods the US is most dependent on. Full Article - FT

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