Skip to main content

Featured

Greece’s Asylum Freeze Sparks Global Outcry Amid Crete Migrant Surge

In a move that has ignited fierce backlash from human rights organizations and the United Nations, Greece has passed legislation temporarily halting asylum applications from migrants arriving by sea from North Africa. The three-month suspension, approved by parliament with 177 votes in favor and 74 against, allows for expedited repatriation without prior identification. Prime Minister Kyriakos Mitsotakis defended the measure as a “difficult but necessary decision” in response to a sharp rise in irregular arrivals, particularly from Libya to the island of Crete. Over 7,000 migrants have reached Crete and nearby Gavdos this year, straining local resources and prompting concerns from the tourism industry. Rights groups, including the International Rescue Committee, have condemned the ban as illegal and inhumane, warning it violates international and European law. The UNHCR echoed these concerns, emphasizing that the right to seek asylum is a fundamental human right regardless of how or wh...
Post a Comment
Read more

article

Labels

Market Jitters: Stocks Slide as Trump Revives Tariff Threats

Wall Street faced renewed uncertainty as Dow Jones, S&P 500, and Nasdaq futures dipped following President Trump's latest tariff threats. Investors reacted cautiously to his remarks about imposing unilateral levies on trading partners, a move that could disrupt global trade dynamics.  

The Dow Jones Industrial Average edged down to 42,865.77, slipping 1.10 points from its previous close. The S&P 500 dropped 16.57 points, settling at 6,022.24, while the Nasdaq Composite fell 99.11 points to 19,615.88.  

Trump reiterated his stance on trade negotiations, stating that letters outlining tariff rates would be sent to trading partners within weeks. This announcement comes as the Federal Reserve prepares for its upcoming policy meeting, where officials will assess inflation trends and potential interest rate adjustments.  

Meanwhile, Boeing shares took a hit after reports of a deadly plane crash in India, adding to market volatility. Investors are also eyeing upcoming wholesale inflation data, which could provide further insight into economic conditions.  

With geopolitical tensions and trade uncertainties mounting, market participants remain on edge, awaiting further clarity on U.S. trade policy and its broader economic impact.

Labels:

Comments

Post a Comment