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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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Market Surge Amid Trump's Remarks and Earnings Reports

                                          

The S&P 500 achieved a record closing high on Thursday, rising by 0.5% to 6,118.71, marking its first all-time closing high of 2025. This surge was driven by President Donald Trump's comments at the World Economic Forum in Davos, where he called for lower oil prices and interest rates. Trump's remarks have sparked optimism among investors, who are also closely watching corporate earnings reports.

Meanwhile, the Toronto Stock Exchange's S&P/TSX composite index continued its upward trend, rising for the eighth consecutive session. The index climbed 0.24% to reach 25,371.53, its highest level since December 13, 2024. The energy and consumer staples sectors were the top performers, while metal mining shares saw a decline.

Investors remain focused on upcoming earnings reports from major companies, which could provide further insights into market trends and economic health.



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