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February 4, 2025

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El Salvador has agreed to house violent US criminals and receive deportees of any nationality, in an unprecedented deal that has alarmed critics and rights groups.

US Secretary of State Marco Rubio announced the agreement on Monday after meeting with Salvadoran President Nayib Bukele, as he visits several Central American countries to drive forward the Trump administration’s agenda on migration.

“In an act of extraordinary friendship to our country … (El Salvador) has agreed to the most unprecedented and extraordinary migratory agreement anywhere in the world,” Rubio told reporters.

The country will continue accepting Salvadoran deportees who illegally entered the US, he said. It will also “accept for deportation any illegal alien in the United States who is a criminal from any nationality, be they MS-13 or Tren de Aragua and house them in his jails,” he said – referring to two notorious transnational gangs with members from El Salvador and Venezuela.

In addition, Bukele “has offered to house in his jails dangerous American criminals in custody in our country, including those of US citizenship and legal residents,” Rubio said,

Bukele confirmed the agreement on X, saying in a post, “We are willing to take in only convicted criminals (including convicted U.S. citizens) into our mega-prison (CECOT) in exchange for a fee.”

“The fee would be relatively low for the U.S. but significant for us, making our entire prison system sustainable,” he added.

Ahead of the announcement, critics had warned that such a plan could be part of democratic backsliding.

“The US is essentially proposing to send people to a country that is not the country of origin nor is it necessarily the country that they passed through,” said Mneesha Gellman, an international politics scholar and professor at Emerson College.

One of the most striking aspects of the deal is that Salvadorean law doesn’t differentiate between alleged gang members and people found guilty of a crime. Under the draconian state of emergency that has ruled the Central American country since 2022, authorities can detain anyone simply on the suspicion of being members of a gang.

Bukele has boasted a high incarceration rate as a recipe for security – El Salvador now boasts the highest such rate in the world – but human rights organizations such as Amnesty International believe many of the over 80,000 people jailed under the state of emergency are innocent.

This is a developing story.

This post appeared first on cnn.com

A rebel group that claimed to have captured the city of Goma in the eastern Democratic Republic of Congo last week has called for an immediate humanitarian ceasefire, after fighting with the Congolese military has left hundreds of people dead.

In a statement on Monday, the rebel coalition, Alliance Fleuve Congo (AFC) – which includes the M23 armed group – said it had declared the truce, starting Tuesday, “in response to the humanitarian crisis caused by the Kinshasa regime,” referring to DR Congo’s government.

The DRC and much of the international community have accused neighboring Rwanda of backing the M23 rebels.

It is unclear if the Congolese army will agree to the ceasefire. Previous interventions, including truce agreements, failed to cease hostilities.

“Have you seen the Rwandans do what they say? It (the ceasefire announcement by the rebels) is a communication for international consumption and to put the international community to sleep on its feet,” he said.

United Nations experts also estimate that up to 3,000-4,000 Rwandan soldiers are supervising and supporting M23 fighters in the east of the DRC, outnumbering the rebel group’s forces in the country.

Last week, DRC leader Felix Tshisekedi vowed “a vigorous and coordinated response” against M23, describing the group as Rwanda’s “puppet.”

Fighting erupted last week as the rebels advanced into Goma, the capital of DRC’s North Kivu province.

More than a dozen foreign peacekeepers, as well as the military governor of North Kivu, were killed trying to fend off the rebels, and thousands of locals were displaced.

According to the UN’s latest figures, at least 900 bodies have been recovered from the streets of Goma, and around 2,880 injuries have been recorded since the end of January. A report by the UN’s Office for the Coordination of Humanitarian Affairs (OCHA) said many healthcare facilities are overcrowded and in urgent need of medicine and equipment.

The rebel alliance emphasized it has “no intention of capturing Bukavu or other areas,” referring to the capital city of the neighboring South Kivu province, where many displaced people from Goma had fled.

“However, we reiterate our commitment to protecting and defending the civilian population and our positions,” it said.

Rebel leader Corneille Nangaa also told Rwandan media last week that his group’s objective was “to go to Kinshasa.”

“We are going to fight until we get to Kinshasa. We have come to Goma to stay; we are not going to withdraw. We are going to move forward from Goma to Bukavu … up to Kinshasa,” he said.

This post appeared first on cnn.com

In the US, just 19% of all venture capital (VC) investment partners — the people who write the cheques investing in entrepreneurs — are women; in Europe, a 2023 report found that number to be 16%. That has a knock-on effect: women are more likely than men to invest in women-led enterprises, and US companies with only female founders saw just 2% of all VC investment in 2022.

According to the European Investment Bank, female-founded companies deliver twice as much revenue per dollar invested, despite receiving less than half the investment capital of their male peers. Research has also consistently found that female investors are more interested in social impact businesses, which can benefit society more widely.

In a bid to address the gender gap, Amanda Pullinger founded Global Female Investors Management in 2024 with fellow finance industry veteran Vanessa Yuan. One of its core services is the Global Female Investors Network, a 2,000-strong community of women who manage money, whether it’s hedge funds, traditional funds or VC funds.

After spending 25 years in finance, including over a decade as the CEO of 100 Women ​in Finance, a global non-profit professional association with over 30,000 registered ​members, Pullinger was ready for something different. Her mission has always been to address the under-representation of women in finance, but in the investment sector it was lacking more than any other.

This interview has been lightly edited for clarity.

Amanda Pullinger (AP): I’d say the biggest challenge remains the fact that there are so few women in leadership roles. I’m a big believer in visibility. I grew up in the UK, and I was the first in my family to go to university. I went to Oxford because of a woman who was visible to me in a leadership role: Margaret Thatcher (the first British female prime minister). Like me, she was the first in her family to go to university, she went to Oxford. So I said to myself, “Well, she’s like me. If she can do it, I can do it.”

While that sounds trite, most women want to be able to see a pathway into leadership. What’s the perception that you have of an investor? It’s very often a White man, because that’s who we see on television or on panels at conferences. The reality is there are women in those roles, but we need them to be more visible.

AP: By introducing women to their peers. That’s why networks are so important. That network is important in sharing experiences because we can’t possibly know everything.

The second step is to really get men on side. In my career, men have been massive advocates for me. Women don’t rush to do those panel discussions and be visible, but men can be helpful in saying, “I think it would be great for you to represent the organization,” and really push women into those roles and say, “Look, if you’re not comfortable, I’ll get you a communications coach. We’ll get you through some of the challenges that you may feel.” Men are such a critical part of getting to the solution. That’s why for me, sometimes when there’s discussion about DEI (Diversity, equity, and inclusion), I worry that men are excluded from that conversation.

AP: I’m a believer in meritocracy. I didn’t come from privilege: I made my own way, very much with the help of men in my career, but I made my own way. But here’s my big question to those who say, “Well, the world’s equal, and there are equal opportunities, so surely it should just be giving a job to the best person” — my challenge would be, how sure are you that you are giving access to the best person?

I hear in the finance industry all the time from companies saying, “We don’t get any women applying for investment roles.” And I’m sitting here thinking, ‘I’ve got 2,000 members in our database who are female risk-takers.’ You are saying they’re not applying; there’s something missing here. I’m all about getting the best: but without some kind of action where you gain access to a broader range of people, you are potentially missing out on the best talent.

It’s the same with female fund owners. I’m not saying they’re always the best, but if they’re excluded for all sorts of systemic reasons from the process, again, I’d ask allocators: how do you know you’re picking the best fund? It’s very much around creating access and opportunity, and then things can fall where they fall. But without that access and opportunity, I don’t think the world is getting the best talent.

AP: What’s really fascinating is we are now in a place in the world where I believe, globally, there are more women going through universities, proportional to men. But actually, the big issue I find with most professional women who are well-educated is that we’ve all been told that if we work hard and we perform, we’ll be noticed, we’ll be promoted, we’ll be acknowledged. That works while you are in full-time education because full-time education is about working hard, doing a test and getting a result. The reality is when you come into the business world, it’s about relationships.

So the advice I give to women is to spend a little bit less time focused on hunkering down doing the work, and do what the guys do: build relationships, take the time for yourself, get yourself on conference panels, put your hand up, be vocal. All those things, to some extent, take away from this notion that it’s all about hard work — of course it’s about hard work, but women have got to learn that it’s also about relationships. We’ve never been taught that, and it’s something that I say all the time to women.

AP: I wish when I was younger, someone had said to me, “Do not give up maths at 16.” I should have done maths at A-level (a pre-university school qualification in England, Wales and Northern Ireland), I was perfectly capable of doing it. So I think first of all, it’s about giving women the fundamental skill set and confidence in numbers. The second is, I wish that more young women knew the impact you can have in the world by becoming a capital allocator or an investment professional.

If you want to create change in the world, managing money is one of the best ways to do it, because you can guide where that money goes, and that money can have an impact. This is not just a greedy industry, it’s a place where you truly can make a difference in the world. That’s something I wish more young women knew.

This post appeared first on cnn.com

Quantum computing (QC) stands at the forefront of technological innovation, promising to revolutionize industries ranging from cryptography to drug discovery. As this field evolves, investors are increasingly eyeing quantum computing stocks as potential high-reward opportunities. However, it’s essential to approach this nascent sector with a balanced perspective, recognizing both its vast potential and inherent risks.

The Allure of Quantum Computing Investments

Quantum computers operate on principles fundamentally different from classical computers, utilizing quantum bits or “qubits” that can exist in multiple states simultaneously. This capability allows them to solve complex problems more efficiently than traditional computers. The potential applications are vast, including:

  • Cryptography: Developing unbreakable encryption methods.
  • Pharmaceuticals: Accelerating drug discovery through advanced molecular modeling.
  • Materials Science: Designing new materials with unique properties.

Given these prospects, the QC market is projected to grow significantly. Global Quantum Intelligence forecasts a market size ranging from $15 billion to $20 billion between 2025 and 2030, with substantial investments anticipated in cybersecurity to counteract future quantum threats to encryption. 

Current Market Players

Several companies have emerged as key players in the QC sector:

  • IonQ: Specializes in trapped-ion quantum computing technology.
  • Rigetti Computing: Focuses on superconducting qubit technology.
  • D-Wave Quantum: Known for its quantum annealing computers.

These companies have garnered attention from investors, leading to significant stock volatility. For instance, IonQ and Rigetti Computing experienced substantial gains in late 2024, driven by heightened interest in quantum technologies. 

Challenges and Risks

Despite the excitement, QC remains in its early stages, and several challenges persist:

  • Technological Maturity: Practical, large-scale quantum computers are still under development. Nvidia CEO Jensen Huang has suggested that meaningful commercialization of quantum technology could take 15 or more years.  
  • Market Volatility: Quantum computing stocks have exhibited significant volatility. For example, companies like IonQ and Rigetti Computing have seen their stock prices fluctuate dramatically, reflecting the market’s uncertainty about the sector’s future.  
  • Investment Risk: The nascent nature of the industry means that investing in quantum computing stocks carries higher risk compared to more established sectors. Equity dilution and the lack of immediate revenue streams are concerns for investors.  

Investment Considerations

For those considering investments in QC:

  1. Long-Term Horizon: Recognize that quantum computing is a long-term play. Meaningful returns may take years, if not decades, to materialize.
  2. Diversification: Given the uncertainties, it’s prudent to diversify investments across multiple sectors and companies to mitigate risk.
  3. Stay Informed: Continuously monitor advancements in quantum technologies and company developments to make informed decisions.
  4. Risk Assessment: Evaluate your risk tolerance carefully. Quantum computing investments are speculative and may not be suitable for all investors.

Conclusion

QC holds transformative potential, and investing in this frontier technology can be enticing. However, it’s crucial to approach such investments with caution, acknowledging the current limitations and uncertainties. A well-informed and measured strategy will be essential for those looking to navigate the complexities of the quantum computing investment landscape.

The post Quantum Computing Investments: Opportunities & Risks appeared first on FinanceBrokerage.