UPDATED: This is breaking news it will be updated. This is non financial news, but is a tragedy and for (selfish) people solely focused on finance can move oil (Egypt controls the Suez canal).
Witnesses and medics say that 40 are dead after a Soccer match. Sources are now stating that over 73 people died. The death toll is rapidly increasing as more information becomes available.
At the 2021 SALT New York conference, which was held earlier this week, one of the panels on the main stage discussed the best macro shifts coming out of the pandemic and investing in value amid distress. The panel featured: Todd Lemkin, the chief investment officer of Canyon Partners; Peter Wallach, the managing director and Read More
The incident appears to have occurred as fans rushed the field after the game was over.
Among the dead were security officers. Most of the victims reportedly died from suffocation or head injuries.
The incident was the worst in decades for a sports event in Egypt.
There was a large absence of police forces, which exacerbated the violence and death toll.
Sources: AP and Al Jazeera