Egypt’s Mursi Asks Military to Withdraw Ultimatum

July 3 (Bloomberg) -- Egyptian President Mohamed Mursi is seen delivering a televised speech last night in which he calls on the military to withdraw an ultimatum that he resolve the political crisis gripping the country or have the army impose its own plan, signaling he will stay on in the face of mass protests seeking his ouster. (This report is in Arabic with English translation. Source: Bloomberg)
China Parade a Welcome Distraction from Market Turmoil
41:56 - A holiday in China gave investors respite from the market that’s been at the center of recent global volatility. As fighter jets streaked through the skies of Beijing and tanks rolled through Tiananmen Square to commemorate the end of World War II, Chinese President Xi Jinping told the world that the nation was committed to peace and announced the biggest cuts to the army in almost two decades.
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