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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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TSX Futures Dip Amid Tariff Jitters as U.S. Deadline Approaches

Canadian stock futures edged lower Friday morning as investors braced for potential fallout from the looming July 9 U.S. tariff deadline. Futures on the S&P/TSX index slipped 0.3% in premarket trading, reflecting growing unease over trade negotiations and global economic uncertainty.

With U.S. markets closed for Independence Day, trading volumes were thin, but sentiment remained cautious. President Donald Trump confirmed that formal letters outlining new tariff rates would be sent to trading partners starting today, signaling the end of a 90-day pause on higher import duties.

Canada, still in talks with the U.S., is aiming to finalize a trade agreement by July 21. Meanwhile, the Greater Toronto Area saw a third consecutive monthly rise in home sales, though prices continued to decline.

Commodity markets were mixed: gold prices inched higher as a safe-haven play, while oil and copper retreated slightly on tariff concerns.

As the deadline nears, markets are expected to remain volatile, with investors closely watching for any signs of progress—or escalation—in global trade talks.

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