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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 Surge: Stocks Rally as Trump Delays EU Tariff Hikes

U.S. stock futures surged on Tuesday following President Donald Trump's decision to delay the implementation of 50% tariffs on European Union imports. The move, aimed at allowing time for fast-tracked negotiations, sparked optimism among investors and lifted major indices.

The Dow Jones Industrial Average futures jumped 1.3%, gaining over 550 points, while the S&P 500 futures climbed 1.6%. The Nasdaq 100 futures led the rally, soaring 1.7%. The market rebound comes after last week's losses, which were driven by concerns over escalating trade tensions.

Trump announced on Sunday that the tariff hike, originally set for June 1, would be postponed until July 9, following discussions with European Commission President Ursula von der Leyen. The EU has agreed to accelerate trade talks, easing fears of a transatlantic trade war.

Investors are now shifting their focus to key economic data releases, including reports on durable goods orders, housing, and consumer confidence. Additionally, Federal Reserve officials are expected to provide insights on interest rate policies, with markets anticipating a steady stance.

The delay in tariffs has provided a much-needed boost to market sentiment, but analysts caution that uncertainty remains. As negotiations unfold, traders will be watching closely for further developments that could impact global trade and economic stability.

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