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Former DR Congo PM sentenced to hard labour on corruption charge newsthirst.

A former prime minister of the Democratic Republic of Congo has been sentenced to a decade’s forced labour for corruption. Augustin Matata Ponyo was found guilty of embezzling about $245m (£182m) of public funds by the Congolese Constitutional Court on Tuesday, alongside Deogratias Mutombo, the former governor of the DR Congo’s central bank. Matata’s lawyer…

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Powell may have a hard time avoiding Trump’s ‘Too Late’ label even as Fed chief does the right thing newsthirst.

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters History suggests that President Donald Trump’s new “Too Late” nickname for Federal Reserve Chair Jerome Powell has a strong…

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Germany finally has a leader. Now comes the hard part for Merz newsthirst.

Friedrich Merz, Germany’s chancellor, takes the chancellor’s seat, after swearing an oath, at the Bundestag in Berlin, Germany, on Tuesday, May 6, 2025. Krisztian Bocsi | Bloomberg | Getty Images After some dramatics, and around 10 weeks after the German election, Europe’s largest economy finally has a leader: Friedrich Merz. His ascension didn’t come easy…

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