Fidelity Marks Up X Holdings by 32.37%, Despite Valuation Still 72% Below Musk's Purchase Price
Fidelity increases valuation of Elon Musk's X by 32.37%, but still undervalues it by 72% compared to Musk's 2022 purchase price
Starfolk
Norway has temporarily shut down its embassy in South Sudan, following in the footsteps of Germany, due to the rapidly deteriorating security situation in the conflict-torn African nation. The decision comes as tensions between President Salva Kiir and Vice President Riek Machar continue to escalate, sparking fears of an imminent civil war.
The Norwegian Foreign Ministry announced the closure of its embassy in Juba on Wednesday, citing the worsening security situation as the primary reason. The ministry also advised Norwegian nationals to avoid traveling to South Sudan and urged those already in the country to leave. In the interim, Norway's embassy in Nairobi will oversee diplomatic affairs related to South Sudan.
The crisis in South Sudan stems from the failure of a power-sharing agreement between President Kiir and Vice President Machar. The situation has deteriorated significantly, with clashes between government forces and Nuer militia groups intensifying. The United States has begun evacuating non-essential personnel, while the United Nations has issued warnings about the country's stability.
Diplomatic representatives from various countries, including Canada, the Netherlands, Norway, the UK, the US, and the EU, have stepped in to mediate between Kiir and Machar in an effort to prevent further escalation. Nicholas Haysom, head of the United Nations Mission in South Sudan (UNMISS), described the situation as "dire" and emphasized that meaningful peace negotiations would only be possible if Kiir and Machar prioritized the interests of their people over their own political ambitions.
South Sudan, which gained independence in 2011, has faced instability for years. The current crisis has sparked widespread clashes, particularly along its border with Ethiopia, where Vice President Machar's supporters are engaged in fighting. The international community is increasingly concerned about the potential for another civil war in the region.
The shutdown of the Norwegian embassy in Juba is a significant development, as it highlights the gravity of the situation in South Sudan. The move is likely to put additional pressure on the country's leaders to resolve their differences and work towards a peaceful resolution to the crisis.
As the situation in South Sudan continues to unfold, the international community will be watching closely to see if diplomatic efforts can help prevent a full-blown civil war. The stakes are high, and the consequences of inaction could be devastating for the people of South Sudan and the broader region.
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