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Fed Shockwaves Send Markets Lower as Metals Tumble

  U.S. stocks finished a volatile week in the red as the Dow, S&P 500, and Nasdaq all slipped on Friday, reflecting renewed anxiety across financial markets. The downturn followed President Trump’s decision to tap former Federal Reserve governor Kevin Warsh as his preferred choice to lead the central bank — a move that immediately stirred debate about the future path of interest rates. Warsh has historically leaned hawkish, though he has more recently echoed Trump’s calls for rate cuts. That mixed record left investors uncertain about how aggressively the Fed might act under his leadership, especially at a time when inflation pressures and uneven economic data continue to shape the outlook. The dollar strengthened on expectations of a more assertive Fed stance, adding further weight to commodities. Metals saw some of the sharpest fallout. Gold, which had surged earlier in the month, dropped sharply and broke below a key psychological threshold. Silver also suffered a steep decl...
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Aid Ship Departs Cyprus for Gaza Amid Famine Crisis

 


In a critical effort to address the dire humanitarian situation in Gaza, a ship carrying almost 200 tonnes of food has set sail from Cyprus. This pilot project aims to establish a new sea route for delivering aid to Palestinians who are on the brink of famine. The charity ship Open Arms departed from the port of Larnaca, towing a barge loaded with essential supplies including flour, rice, and protein.

The journey to Gaza typically takes around 15 hours, but the heavy tow barge may extend the trip to possibly up to 2 days. Cyprus, located just over 200 miles (320 km) northwest of Gaza, serves as a crucial departure point for this vital mission.

The situation in Gaza remains dire, with an estimated quarter of the population at risk of starvation. Despite ongoing efforts, aid agencies struggle to meet the daily needs of the people. The United Nations has previously accused Israel of obstructing aid to Gaza, exacerbating the crisis.

In addition to the aid ship from Cyprus, the U.S. military has also stepped in to provide humanitarian relief. Their vessel, the General Frank S. Besson, is en route to Gaza by sea. Furthermore, the U.S. military conducted airdrops, delivering over 27,600 meals and 25,900 bottles of water to northern Gaza.

However, the challenges persist. Crowds awaiting aid trucks at Kuwait Square in Gaza City faced Israeli gunfire, resulting in the loss of lives and injuries. United Nations Secretary-General António Guterres urgently appeals for a truce, the release of hostages, and the removal of obstacles hindering life-saving aid. The threat of an Israeli assault on Rafah looms, potentially plunging the people of Gaza into an even deeper crisis.

As the conflict continues, the toll on Gaza’s population remains devastating. Displacement, inadequate shelter, and scarcity of food and medical supplies persist. Amidst this turmoil, the aid ship’s departure from Cyprus represents a beacon of hope, striving to alleviate suffering and provide essential sustenance to those in need.


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