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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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US Stock Market Surges on Tech Giants’ Robust Earnings

 

The US stock market experienced a significant upswing today, propelled by the impressive earnings reports from tech behemoths Alphabet and Microsoft. The positive financial disclosures have sparked renewed optimism among investors, leading to a notable jump in US futures.

  • Tech Rally: The robust earnings from Alphabet and Microsoft have reignited confidence in a potential rally led by Big Tech companies.
  • Inflation Watch: Despite the upbeat mood, investors remain cautious as they await the personal consumption expenditures price index, which could influence Federal Reserve policies.
  • Market Dynamics: The market’s buoyancy is also reflected in individual stock movements, with shares of Snap soaring in premarket trading, indicating a successful overhaul of its digital ad business.

This surge in the stock market underscores the pivotal role that major tech companies play in shaping market sentiment and the broader economic landscape. Investors continue to monitor key economic indicators and corporate earnings to gauge the market’s direction in the coming days.






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