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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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Markets Rebound Amid Fed Chair's Optimism, But Weekly Losses Persis

                                            

U.S. stocks ended the week on a mixed note, with a late rally on Friday following comments from Federal Reserve Chair Jerome Powell. Powell's assertion that the economy remains "in a good place" provided a boost to investor sentiment, helping major indices recover from early declines. However, the week as a whole saw significant losses, driven by ongoing concerns over trade policies and economic uncertainty.

The S&P 500, Nasdaq, and Dow Jones Industrial Average all posted their third consecutive week of declines, marking the longest losing streak since mid-2024. Despite Friday's gains, the S&P 500 recorded its largest weekly drop since September, reflecting broader market volatility.

Powell's remarks emphasized a cautious approach to monetary policy, signaling that the Federal Reserve is not in a rush to cut interest rates. This tempered optimism was met with lingering unease over trade tensions and their potential impact on economic growth.


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