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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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Market Caution as House Passes Trump’s Tax-Cut Bill

U.S. stock futures remained subdued in premarket trading following the House of Representatives' narrow passage of President Donald Trump’s tax-cut bill. The legislation, which now moves to the Senate, is expected to add approximately $3.8 trillion to the national debt over the next decade. 

Investors are closely monitoring the bill’s potential impact on financial markets, with concerns over rising Treasury yields and mounting U.S. debt weighing on sentiment. The S&P 500, Dow Jones, and Nasdaq futures showed little movement, reflecting uncertainty about the bill’s long-term economic implications. 

Additionally, market participants are awaiting key economic data releases, including weekly jobless claims and the preliminary Purchasing Managers’ Index (PMI), which could provide further insight into the state of the U.S. economy. 

As Wall Street braces for potential volatility, analysts suggest that the bill’s passage could signal stability in legislative proceedings but may also introduce new fiscal challenges.

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