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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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Bank of Canada Maintains Interest Rate Amid Economic Uncertainty

The Bank of Canada has decided to hold its key interest rate at 2.75%, citing "unusual uncertainty" in the economic landscape. This marks the second consecutive rate pause, as policymakers assess the impact of ongoing trade tensions and inflationary pressures.

Governor Tiff Macklem emphasized that while the Canadian economy remains soft but not sharply weaker, recent inflation data has shown unexpected firmness. The central bank is particularly focused on the effects of U.S. tariffs, which continue to create volatility in trade and business investment.

Despite speculation about a potential rate cut, the Bank of Canada opted for stability, noting that further adjustments may be considered if economic conditions deteriorate. The decision reflects a cautious approach as officials navigate an unpredictable financial environment.

With inflation and trade uncertainties shaping the outlook, the Bank of Canada remains committed to monitoring economic trends before making any significant policy shifts. The next rate announcement is expected in July, offering further insights into the central bank’s strategy moving forward.

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