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Chad’s President Idriss Déby Dies After Soldier Clash With Rebels

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Idriss Déby, who ruled with an iron fist for three decades and had just secured his sixth term in office, was considered by the West a linchpin in the fight against Islamist extremism in central Africa.

President Idriss Déby of Chad died of wounds sustained in clashes between insurgents and government soldiers, the country’s armed forces said on Tuesday, one day after he had claimed victory in his re-election campaign.

According to the New York Times, It was reported that a spokesman appeared on state television to inform the nation that Mr. Déby, who became feared by his own people over three decades of iron-fisted rule in Chad, was dead.

Mr. Déby had enjoyed the support of France and the United States because his military forces were seen as key to battling Islamist extremism in the central Sahel region. His contribution to the fight against groups like Boko Haram in neighboring Nigeria was viewed as critical in the broader effort to combat terrorism. He, therefore, received robust Western support despite accusations of human rights violations and crackdowns on the opposition during his rule.

There were many questions surrounding Mr. Déby’s death, including how exactly he was killed and what he was doing visiting an area where conflict was raging, if indeed he was.

The late president’s son, Mahamat Idriss Déby, will take over as the head of a new transitional military council that will rule for 18 months before new elections are held, the spokesman said. The government and national assembly were suspended, borders closed and a two-week mourning period announced.

The news was relayed to the country by a man who was identified as a spokesman for a transitional military council, Gen. Azem Bermandoa.

“​The president of the republic, head of state, supreme chief of the army, Idriss Déby Itno, just drew his last breath while defending the nation’s integrity on the battlefield,” the spokesman, surrounded by soldiers and wearing a red beret and army fatigues, said in the broadcast.

On the same day as the presidential election, April 11, rebels crossed the northern border from Libya. Mr. Déby, 68, had been on the front lines in the north of the central African country, directing the fight against the rebel incursion, according to his campaign director, Mahamat Zen Bada.

Those rebels, from a group called the Front for Change and Concord in Chad, moved southward in several columns and claimed to have “liberated” a province of the country last week.

They reportedly beat a retreat to the north on Monday night, after reports of heavy losses on both rebel and government sides. But for the roughly 1.5 million residents of Ndjamena, the capital, solid information was hard to come by, with rumors spreading furiously.

Late into the night, gunshots rang out across the capital, though it was unclear why. Some residents theorized that the military had been celebrating victory after the rebels had fallen back.

Mr. Déby had been scheduled to give a victory speech on Monday to celebrate winning his sixth term in office, but his campaign director said that he had instead visited Chadian soldiers battling insurgents advancing on Ndjamena.

“The candidate would have liked to have been here to celebrate,” Mr. Zen Bada, the campaign director, had said, according to local news reports. “But right now, he is alongside our valiant defense and security forces to fight the terrorists threatening our territory.”

Over the three decades, since Mr. Déby seized power, he faced a number of challenges to his rule. Rebels reached the capital in 2006 and 2008. The president’s forces fought them off, with the “discreet” support of France, according to academics focused on Chad.

But in 2019, when Chad asked the French force in the Sahel for help in dealing with another incursion, Paris was less discreet about the support and obliged by launching a series of airstrikes on the rebels.

Jean-Yves Le Drian, the French foreign minister, told Parliament at the time, “France intervened militarily to prevent a coup d’état.”

Mr. Déby was re-elected largely on the promise of restoring peace and security to a country gripped by years of violence instigated by insurgent groups. Tensions rose in the days before the latest elections, but officials had urged calm.

On Monday, security forces and armored vehicles were posted to Ndjamena’s streets, prompting residents of the capital to fill up their tanks with gas, pick up their children early from school and hunker down at home. Chad’s communications minister had called for calm and wrote on Twitter on Monday that the presence of the security personnel had been “misinterpreted.”

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Real Madrid Breaks Financial Records, Posts €1 Billion Revenue Amid Stadium Overhaul

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Real Madrid's Portuguese forward Cristia

Real Madrid has announced record-breaking revenue exceeding €1 billion for the 2023/24 fiscal year.

The club’s latest financial report reveals a €1.073 billion ($1.16 billion) in revenue, a substantial 27% increase from the previous year.

This impressive growth comes despite the ongoing overhaul of the Santiago Bernabéu, which has temporarily limited its full operational capacity.

The revenue surge highlights the club’s ability to generate substantial income through various channels, including marketing and stadium operations.

Real Madrid’s success is not confined to the pitch; it has achieved significant commercial milestones.

The 2023/24 season saw the club secure its sixth UEFA Champions League title in a decade, alongside domestic triumphs in La Liga and the Super Cup.

Also, Real Madrid’s basketball team also enjoyed a stellar season, clinching the Spanish league title, King’s Cup, and Spanish Super Cup, while reaching the Euroleague finals.

Despite a decline in broadcasting revenues from La Liga, the club’s financial performance has been buoyed by increased marketing and sponsorship deals.

Notably, Real Madrid secured a new shirt sleeve sponsorship with HP, contributing to a substantial rise in marketing revenues.

The club’s EBITDA soared to €144 million ($156 million), a 71% increase from the previous year, reflecting its robust financial health and operational efficiency.

The ongoing renovation of the Santiago Bernabéu Stadium, with a total investment of €1.163 billion ($1.262 billion), is set to further enhance the club’s revenue streams.

The final phase of the renovation, including VIP areas and event spaces, is expected to be completed by the 2024/25 financial year.

This development will likely drive additional revenue growth, reinforcing Real Madrid’s financial strength.

The club’s net worth stands at €574 million ($623 million), with a modest net debt of just €8 million ($8.6 million) as of June 30, 2024.

The financial results highlight Real Madrid’s resilience and strategic acumen, particularly in managing significant investments and leveraging commercial opportunities.

“Achieving over €1 billion in revenue is a groundbreaking accomplishment for Real Madrid,” said a club spokesperson.

“Despite the challenges posed by the stadium renovation, we have successfully driven growth through innovative marketing strategies and commercial partnerships. Our focus remains on building a stronger future both on and off the field.”

As the club prepares for the 2024/25 season, the anticipated arrival of Kylian Mbappé on a free transfer is expected to further boost commercial prospects and enhance the club’s marketability.

The combination of sporting success, strategic investments, and a renovated stadium positions Real Madrid for continued financial and on-field success.

Real Madrid’s achievement reflects broader trends in football finance, where top clubs are increasingly leveraging commercial opportunities to achieve unprecedented revenue milestones.

The club’s performance sets a new benchmark for financial success in the sport and underscores its enduring global appeal.

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Singapore Tops Passport Power Rankings, Overtakes European Rivals

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Singapore has reclaimed its position as the holder of the world’s most powerful passport, surpassing European countries such as France, Germany, Italy, and Spain.

According to the Henley Passport Index, Singaporean citizens can now enjoy visa-free access to 195 destinations globally, placing the city-state at the top of the rankings.

The Henley Passport Index, which uses data from the International Air Transport Association, evaluates 199 passports and their access to 227 destinations.

The latest update sees Singapore leapfrogging previous leaders, with the European quartet and Japan now sharing second place.

In third place are Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden, whose passport holders have visa-free access to 191 destinations.

This is the first time seven nations have occupied this spot together.

Juerg Steffen, CEO of Henley & Partners, emphasized the significance of passport strength in today’s globalized world.

“The ability to travel visa-free is more than convenience; it’s a powerful economic tool driving growth, fostering international cooperation, and attracting foreign investment.”

While Singapore rises, the United States continues its decline, now ranking eighth, a drop from its former position at the top alongside the UK a decade ago. The UK, meanwhile, has slipped to fourth place.

At the bottom of the list, Afghanistan remains the weakest passport, offering visa-free entry to just 26 destinations.

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Netflix’s Premium Plan Sees 40% Price Hike Amidst Nigerian Inflation

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Netflix

Netflix has increased its subscription prices in Nigeria with the Premium Plan seeing a 40% hike from ₦5,000 to ₦7,000 per month.

According to the updated pricing on Netflix’s website, the Standard Plan, popular for its HD quality and multi-screen options, now costs ₦5,500, up from ₦4,000—a 37.5% rise.

Meanwhile, the Basic Plan increased by 21% to ₦3,500, and the Mobile Plan saw a dramatic 83% jump from ₦1,200 to ₦2,200.

In April, Netflix adjusted its Premium Plan from ₦4,400 to ₦5,000 and its Standard Plan from ₦3,600 to ₦4,000. The Basic Plan remained unchanged at ₦2,900 during that period.

The company stated these changes were part of a broader strategy to enhance revenue and support its expanding content offerings.

This latest hike comes amid soaring inflation in Nigeria, which has significantly impacted the cost of living.

As food and essential goods prices rise, many Nigerians find entertainment subscriptions increasingly unaffordable.

Netflix’s price adjustments are not limited to Nigeria; similar increases have occurred in major markets like the United States, United Kingdom, and France.

In October 2023, both the Basic and Premium plans experienced hikes in these countries as part of Netflix’s global pricing strategy.

The frequent price hikes have sparked concern among Nigerian subscribers who already face economic challenges. Many are reevaluating their subscriptions as home entertainment costs continue to climb.

As Netflix continues to adjust its pricing to sustain growth and content expansion, Nigerian consumers are left weighing the value of their streaming subscriptions against other financial priorities.

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