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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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Stock Market Stumbles as Trump Reaffirms Tariffs

                                            

The stock market took a hit on Friday as President Donald Trump reaffirmed his commitment to imposing sweeping tariffs on imports from Mexico, Canada, and China. The Dow Jones Industrial Average fell by 0.8%, the S&P 500 dropped by 0.5%, and the tech-heavy Nasdaq Composite lost 0.3%.

Investors are concerned about the potential impact of these tariffs on the economy, as they could lead to increased costs for consumers and businesses. The White House confirmed that the tariffs, which include a 25% duty on goods from Mexico and Canada and a 10% tariff on Chinese imports, will take effect on Saturday.

Despite earlier optimism driven by solid earnings from Apple and an inflation reading that matched expectations, the tariff news overshadowed these positive developments. The uncertainty surrounding the tariffs has left Federal Reserve Chair Jerome Powell in a wait-and-see mode, with the potential for tariffs to inflame inflation being a key concern.

As the market closes, investors are bracing for the impact of these tariffs and the potential for further volatility in the coming days.




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