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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 Soars as U.S.-China Tariff Truce Sparks Investor Optimism

In a dramatic turnaround, the Dow Jones Industrial Average surged more than 1,100 points on Monday following a 90-day tariff truce between the United States and China. The agreement, which significantly reduces reciprocal tariffs, has provided relief to investors concerned about prolonged trade tensions.

The S&P 500 climbed nearly 3.3%, while the Nasdaq Composite led gains with a 4.3% jump. The rollback of tariffs—cutting U.S. duties on Chinese imports from 145% to 30% and China's tariffs on U.S. goods from 125% to 10%—was more aggressive than expected, fueling optimism across Wall Street.

Tech stocks saw a notable rebound, with Nvidia, Amazon, Apple, and Tesla all posting strong gains. Meanwhile, commodities rallied, with oil prices climbing and the U.S. dollar strengthening against major currencies.

The tariff pause comes at a crucial time, allowing businesses to stabilize supply chains and prepare for upcoming economic reports, including the Consumer Price Index (CPI) and Producer Price Index (PPI) later this week. While the agreement is temporary, investors are hopeful that further negotiations will lead to a more permanent resolution.

Markets will continue to react as details unfold, but for now, the tariff truce has injected a fresh wave of confidence into global financial markets.

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