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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...
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Wall Street Nervous Ahead of US Inflation Report

 

Shares in Asian markets dipped today as investors anxiously await a crucial U.S. inflation report due on Friday. The report’s findings could significantly impact interest rates and global markets.

Key Points:

  • Focus on Inflation: The U.S. Federal Reserve closely monitors the Personal Consumption Expenditures (PCE) index, a key measure of inflation. Recent mixed data has left investors in a wait-and-see mode, wondering when the central bank might adjust interest rates.

  • Chinese Property Market: Efforts to revive China’s property sector have fallen short. Despite Beijing’s measures to cut down-payment ratios and mortgage interest rates, the market remains sluggish. Dozens of property developers defaulted on debts, affecting the entire Chinese economy.

  • Wall Street’s Reaction: Wall Street is cautious, with the Hang Seng down 2% and the Shanghai composite index slipping 0.6%. Investors worldwide are closely monitoring the inflation report’s impact.



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