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Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
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Mpox Emerges as Global Health Crisis: Africa Declares Emergency

 

In a concerning development, the World Health Organization (WHO) has declared mpox a public health emergency of international concern for the second time. This decision comes on the heels of a similar continental emergency declaration by African health officials. The virus, known for causing painful, pus-filled lesions and severe illness, first gained global attention in 2022. Although case counts cooled down after widespread vaccination efforts, this year presents a more grim situation.

Across 18 African nations, thousands of infections have been reported, with a highly-transmissible variant spreading beyond the borders of the Democratic Republic of Congo (DRC). Even vulnerable newborns are falling ill in overcrowded hospitals. The lack of necessary vaccines and therapeutics in hotspots exacerbates the crisis. Year-to-date, Africa has seen over 15,000 mpox cases and nearly 500 deaths, representing a 160% increase compared to 2023.

Toronto, too, faces a resurgence of mpox cases. Officials urgently advise at-risk residents to get vaccinated. Africa’s Centers for Disease Control and Prevention (Africa CDC) estimates a need for 10 million mpox vaccine doses, but the continent has procured only 200,000 doses so far. Coordinated international efforts are crucial to halt these outbreaks and save lives.

Stay informed, stay vigilant, and prioritize vaccination to combat this global health crisis.


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