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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Cyclone Chido Devastates Mayotte: Death Toll Rises

 

Cyclone Chido, one of the most powerful storms to hit the region in nearly a century, has caused widespread destruction in the French territory of Mayotte. The cyclone, which brought winds exceeding 220 kph (136 mph), has resulted in a devastating death toll, with current estimates ranging from several hundred to potentially thousands.

The French Interior Ministry confirmed at least 11 deaths, but officials warn that this number is expected to rise significantly as rescue efforts continue. The cyclone has also left hundreds injured and caused extensive damage to infrastructure, including the main hospital and airport.

Mayotte, already one of France's poorest territories, has been severely impacted, with entire neighborhoods flattened and many residents left without shelter. The French government has mobilized rescue teams and supplies from nearby territories to assist in the recovery efforts.

As the world watches, the full extent of the damage and loss of life caused by Cyclone Chido continues to unfold. The international community has expressed solidarity and offered support to the people of Mayotte during this difficult time.







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