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Europe Scorched by Record Heatwave: France and Italy Take Emergency Measures

As a blistering heatwave tightens its grip on Europe, countries are scrambling to protect citizens from soaring temperatures and mounting health risks. France has shuttered over 1,350 schools  and closed the top floor of the Eiffel Tower as temperatures surged past 40°C (104°F)  in several regions. Sixteen French departments are now under the highest heat alert, with authorities urging people to stay hydrated and indoors during peak hours. Meanwhile, Italy has imposed restrictions on outdoor work , particularly in agriculture and construction, during the hottest parts of the day. Cities like Rome, Milan, and Venice are under red alerts, with hospitals reporting a spike in heat-related illnesses. The Mediterranean Sea has also hit record highs, with waters in Spain’s Balearic Sea reaching 30°C , up to 6 degrees above average. Scientists warn that Europe—already warming at twice the global average —is facing increasingly frequent and intense heatwaves due to climate change. New ...
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Bank of Canada Holds Interest Rate Steady Amidst Economic Slowdown

 


The Bank of Canada has announced that it will maintain its benchmark interest rate at 5% as the economy shows signs of slowing down. This marks the fourth consecutive hold by the bank, and the decision was widely expected by economists. The central bank’s inflation target sits in the middle of a range, and the Consumer Price Index rose to 3.4% in December 2023. The bank has been signalling recently that it thinks it may be nearing the end of its hiking cycle, after raising its trendsetting rate 10 times since early 2022 to slow down runaway inflation.


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