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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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Turkey's Political Turmoil: Protests and Arrests Spark International Debate

Turkey has been gripped by widespread protests following the arrest of Istanbul Mayor Ekrem Imamoglu, a prominent political rival to President Recep Tayyip Erdogan. Authorities have detained nearly 1,900 individuals participating in demonstrations across the country. Imamoglu, accused of corruption and other charges, was jailed pending trial, a move critics argue is politically motivated to eliminate a potential electoral threat to Erdogan.

The protests, described as the largest anti-government demonstrations in a decade, have drawn attention from rights groups and Western leaders, who have expressed concerns about democratic backsliding in Turkey. Despite calls for peaceful protests, clashes between demonstrators and police have escalated, with reports of excessive force being used to disperse crowds.

Justice Minister Yilmaz Tunc defended the judiciary's decision, citing the gravity of the allegations against Imamoglu. Meanwhile, Erdogan dismissed the protests as a "show" and warned of legal consequences for participants.

The situation has sparked international criticism, with rights groups urging Turkey to investigate the use of force and allow peaceful demonstrations. As tensions rise, the political landscape in Turkey remains uncertain, with the opposition calling for continued protests and rallies.

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