FT News Briefing Sudanese refugees pour into Chad
Apr 26, 2023
Tens of thousands of Sudanese refugees are fleeing to Chad, creating a pressing humanitarian crisis complicated by local instability and food shortages. Meanwhile, Google’s advertising revenue shows signs of recovery, revealing resilience in the tech sector. Financial worries loom as First Republic Bank faces a sharp drop in shares due to significant withdrawals. On a brighter note, General Motors is pivoting towards electric vehicles with a major partnership to produce EV batteries, indicating a strategic shift in the automotive landscape.
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Tech Sector Rebound
- Google's Q1 2023 ad revenue rebounded, exceeding expectations after two disappointing quarters.
- This positive trend follows similar success in Microsoft's cloud division, suggesting a potential tech sector recovery.
Sudanese Refugee Crisis
- About 20,000 Sudanese refugees have fled to Chad due to ongoing conflict.
- Chad, facing political instability and resource scarcity, relies on aid groups to support these refugees.
Chad-Sudan Connection
- One of the key actors in the Sudanese conflict, General Dagallo (Hemeti), has Chadian origins.
- This historical interconnectedness facilitates movement across the border, as seen during the Darfur crisis two decades ago.