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  U.S. stocks traded mixed on Tuesday as investors digested fresh inflation data and the kickoff of bank earnings season. The Nasdaq Composite jumped 0.8% , powered by a rally in semiconductor stocks, while the Dow Jones Industrial Average slipped 0.3% amid concerns over rising prices and uneven financial sector results. Key Drivers: Nvidia (NVDA) soared nearly 5% after announcing plans to resume AI chip sales to China, following a green light from the U.S. government. The move sparked a broader rally in chipmakers, with AMD and Micron also posting strong gains. The Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in June, signaling a slight acceleration in inflation. Core CPI, excluding food and energy, climbed 2.9% annually. Bank earnings painted a mixed picture: JPMorgan and Citigroup beat expectations, while Wells Fargo fell short, cutting its net interest income forecast. BlackRock also reported record assets under management but saw its ...
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Ottawa Prepares for Possible Evacuations from Lebanon Amid Regional Tensions

 

Introduction: As tensions escalate in the Middle East, the Canadian government is closely monitoring the situation in Lebanon. With the ongoing Israel-Hamas conflict and the potential involvement of Hezbollah, Ottawa is taking precautionary measures to ensure the safety of its citizens in the region.

The Situation:

Lebanon, a country with a significant Canadian expatriate community, has become a focal point due to its proximity to the conflict zone. The federal government estimates that there are at least 14,000 Canadians currently in Lebanon. While diplomatic efforts are underway to prevent further escalation, Ottawa is prepared for the unexpected.

Contingency Plans:

The Canadian Armed Forces have established a “task force” in Cyprus, ready to assist with evacuations if necessary. Coordinating with like-minded allies, they are strategically planning for potential evacuation operations in case the conflict intensifies. However, the government emphasizes that Canadians in Lebanon should consider leaving while commercial flights are still available.

Travel Advisory:

Last week, the government issued a travel advisory recommending that Canadians avoid all non-essential travel to Lebanon. Additionally, they are warning against travel to the southern region of the country. The situation remains fluid, and there is concern that limited commercial options may be available if conditions deteriorate.

Conclusion: As the situation unfolds, Ottawa remains vigilant and committed to ensuring the safety of its citizens. Canadians in Lebanon are advised to stay informed, follow official guidance, and consider leaving the country promptly if possible.



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