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Tragic Loss: First Openly Gay Muslim Imam Killed in South Africa

In a tragic incident that has sent shockwaves through communities worldwide, Muhsin Hendricks, the first openly gay Muslim imam, was fatally shot in South Africa. The incident occurred on Saturday in the city of Gqeberha, where Hendricks was ambushed by two men in a pick-up truck. The attackers, whose faces were covered, fired multiple shots through the side window of Hendricks' car. Hendricks was renowned for his advocacy for LGBTQ+ inclusion within Islam. He founded a mosque in Cape Town that welcomed gay Muslims and worked tirelessly through his Al-Ghurbaab Foundation to support and mentor individuals struggling to reconcile their faith with their sexual orientation. His efforts made him a prominent figure internationally, and he was a speaker at the International Lesbian, Gay, Bisexual, Trans and Intersex Association’s conference in South Africa last year. The motive for the killing has not been established, but many believe it was an assassination due to Hendricks' progres...

Bond Investors Prepare for Fed Interest Rate Cuts

 

Bond investors are anticipating a change in the Federal Reserve’s interest rate policy, with expectations of multiple rate cuts this year and the first since the start of the COVID-19 pandemic in 2020. 

Portfolio managers have increased bets on long-duration U.S. Treasuries ahead of the meeting, reflecting expectations that yields on those securities will decline as the U.S. central bank moves toward cutting rates. 

As the economy slows, longer-duration bonds tend to outperform other assets. The Fed is widely expected to hold interest rates steady at the end of its two-day policy meeting on Wednesday, with some investors seeing a possibility that it could ramp up its dovish tone after it was perceived to have pivoted from a tightening policy outlook at its meeting last month.


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