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French Tech Giant Capgemini to Sell US Subsidiary Amidst Controversy Over ICE Work
Capgemini, a French technology giant, announced it would sell its US subsidiary, Capgemini Government Solutions, following increased scrutiny over its work with Immigration and Customs Enforcement (ICE). The decision came after the company faced pressure from French lawmakers regarding a contract its subsidiary held with ICE, amid growing international criticism of the agency's methods.
The controversy surrounding Capgemini's involvement with ICE intensified following the deaths of two US citizens, Renee Nicole Good on January 7th and Alex Pretti on January 24th, in separate incidents involving federal agents in Minneapolis. These incidents sparked protests across the United States and led to increased scrutiny of ICE's practices, according to BBC Business.
The death of Alex Pretti, in particular, appeared to galvanize public sentiment against the federal government's tactics, even reaching into conservative circles that had previously defended the crackdown, according to the New York Times. The NY Times reported that Pretti's death resonated with independent voters, leading to increased support for abolishing ICE.
The scrutiny of ICE also extended to its characterization of Good and Pretti as terrorists, labels that quickly fell apart as more information about each case became public, according to the New York Times.
Meanwhile, in other economic news, gold and silver prices experienced a significant plunge after reaching record highs in January. According to BBC Business, spot gold prices fell more than 9 to 4,403 (3,222) an ounce, while silver slumped by 15 to less than 72 an ounce in Asia trade on Monday. The price drop followed a rally fueled by central banks adding bullion to their reserves and investors seeking safe haven assets due to financial and geopolitical uncertainties. Markets were also concerned about the independence of the US Federal Reserve, but precious metals plummeted on Friday after President Donald Trump named finance industry figure Kevin Warsh as his choice to be its next.
In other news, a study by the Geneva Academy of International Humanitarian Law and Human Rights found that international law meant to limit the effects of war is at breaking point. The study, covering 23 conflicts over the last 18 months, concluded that more than 100,000 civilians have been killed, with torture and rape committed with near impunity, according to The Guardian.
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