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Market Turmoil: S&P 500 Enters Correction Amid Escalating Trade War

                                                                 The stock market faced a sharp downturn on Thursday, with the S&P 500 officially entering correction territory. The index fell 1.4%, marking a 10% decline from its recent high. The Dow Jones Industrial Average dropped 1.3%, while the tech-heavy Nasdaq plummeted nearly 2%. This market turbulence comes as trade tensions escalate. The European Union's retaliatory tariffs on U.S. goods, including a 50% tax on American whiskey, prompted the U.S. administration to threaten a 200% tariff on European wines and spirits. These developments have left investors on edge, fearing the economic repercussions of a prolonged trade war. Adding to the uncertainty, debates over a stop-gap spending bill to prevent a government shutdown have further ...
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Tragedy Strikes: Israeli Air Strike Claims Lives at Gaza Aid Center

 

In a devastating incident, eight Palestinians lost their lives during an Israeli air strike on a training college near Gaza City. Witnesses report that the college was being used to distribute aid to displaced families. The strike targeted part of an industrial college run by the U.N. Palestinian refugee agency UNRWA. The situation remains tense as Israeli tanks continue to advance into the southern city of Rafah.

The victims included individuals who were seeking aid, filling water, or receiving coupons. A Reuters photographer captured the aftermath, with bodies wrapped in blankets awaiting removal from the rubble. The injured, thankfully, are in stable condition. Israel’s ongoing war in the Hamas-administered enclave has intensified, focusing on areas yet to be seized: Rafah and the region surrounding Deir al-Balah.

As the conflict persists, civilians bear the brunt of violence. Families in the Mawasi displaced persons’ camp have been forced to flee, seeking safety in Khan Younis. The Israeli military claims to have targeted weapons stores and tunnel shafts while engaging in fierce fighting with Hamas-led fighters. Meanwhile, the armed wings of Hamas and the Islamic Jihad movement continue their attacks on Israeli forces.

This tragic event underscores the urgent need for peace and humanitarian assistance in the region. The toll on innocent lives cannot be ignored, and the international community must work towards a lasting resolution to prevent further loss and suffering.

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