Skip to main content

Featured

Karachi Mall Inferno Leaves Dozens Missing and a City in Mourning

Emergency personnel search for survivors, following a massive fire that broke out in the Gul Plaza Shopping Mall in Karachi, Pakistan. A massive fire at Karachi’s Gul Plaza shopping mall has left at least 19 people dead and dozens more missing, plunging the city into shock as rescue teams continue searching through the burned structure. The blaze erupted over the weekend, rapidly engulfing the multi‑storey building that housed hundreds of small shops and stalls. Firefighters battled the flames for more than a day before gaining control, but large sections of the mall collapsed or were left dangerously unstable. Rescue workers have been combing through the debris, recovering bodies and searching for survivors as anxious families wait outside for news of loved ones. Authorities warn that the death toll may rise, with many victims still unaccounted for and several remains requiring DNA testing for identification. The incident has sparked public anger over emergency response times and r...
Post a Comment
Read more

article

Labels

Trade War Escalation Sends Markets Tumbling

                                            

The stock market faced significant turbulence today as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq slid sharply. This downturn comes in response to China's retaliatory tariffs against the United States, following President Trump's imposition of hefty duties on Chinese imports. Beijing announced an 84% tariff on U.S. goods, escalating tensions between the world's two largest economies.

Investors are grappling with the potential fallout of this trade war, which has already roiled global markets. The S&P 500 edged closer to bear market territory, while the Nasdaq and Dow futures dropped by over 2%. Oil prices also took a hit, with West Texas Intermediate falling below $55 per barrel.

As the trade conflict intensifies, market participants are closely watching for signs of resolution or further escalation. Treasury Secretary Scott Bessent expressed optimism about potential trade deals, but uncertainty remains high. The Federal Reserve's upcoming minutes and inflation data may provide additional insights into the economic impact of these tariffs.


Labels:

Comments

Post a Comment