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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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Mixed Signals in the Stock Market Amid Earnings Reports

 

U.S. stock futures showed mixed results on Thursday, with the S&P 500 and Nasdaq futures inching up, while the Dow Jones Industrial Average slipped as earnings reports continued to flood in.

Investors are closely watching the latest earnings reports from major banks and retailers, which have shown a mix of strong performances and some disappointments. The S&P 500 futures rose by 0.1%, and Nasdaq futures gained roughly 0.3%, while Dow Jones futures fell by 0.2% due to a decline in UnitedHealth stock.

The market is still benefiting from a recent easing in consumer inflation, which has led to increased bets that the Federal Reserve may lower interest rates before July. This optimism was further supported by strong earnings from Bank of America and Morgan Stanley, although UnitedHealth's revenue fell short of estimates.

As the market awaits more earnings reports and economic data, including the December retail sales report and jobless claims update, investors remain cautiously optimistic about the potential for rate cuts and continued economic growth.




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