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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...
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Market Uncertainty: Fed Policy Takes Center Stage Amid Middle East Tensions

The U.S. stock market is facing a period of uncertainty as investors weigh the Federal Reserve's upcoming interest rate decision against escalating geopolitical tensions in the Middle East. Futures on the Dow Jones Industrial Average remained flat, while the S&P 500 and Nasdaq 100 saw modest gains of 0.1% and 0.2%, respectively.  

Concerns over potential U.S. involvement in the Israel-Iran conflict have kept markets on edge. President Trump’s recent statements and meetings with his national security team have fueled speculation that the U.S. may take action, prompting Iran to prepare retaliatory measures.  

Meanwhile, oil prices have fluctuated, with Brent crude rising above $76 per barrel and West Texas Intermediate trading just above $75. Investors are closely watching the Federal Reserve’s policy announcement, expected later today, for insights into potential rate cuts and economic stability. Fed Chair Jerome Powell’s press conference will be pivotal in shaping market sentiment moving forward.  

With geopolitical risks and economic policy decisions colliding, traders are bracing for volatility in the days ahead.

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