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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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Wall Street Rallies as S&P 500 Eyes Fifth Consecutive Gain

The stock market continued its upward momentum on Friday, with the S&P 500 setting up for its fifth straight win as investors embraced optimism over easing U.S.-China trade tensions.  

Dow Jones Industrial Average futures climbed 0.3%, while Nasdaq 100 futures edged up 0.2%, signaling a positive end to the trading week. The rally comes after a strong week for equities, driven by renewed confidence in riskier assets despite lingering concerns over tariff-related price hikes.  

Investors are closely watching the University of Michigan's consumer sentiment survey, which could provide further insight into how Americans are responding to inflation and trade policies. Meanwhile, global markets remain cautious, with Japan's economy contracting more than expected, adding uncertainty to the broader economic outlook.  

As Wall Street looks to close the week on a high note, market participants remain vigilant for further developments in trade negotiations and economic indicators that could shape the trajectory of stocks in the coming weeks.

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