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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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UK Police Prepare for More Far-Right Unrest After Another Night of Riots

 

 Police across the United Kingdom are gearing up for further violence this weekend following another night of rioting by far-right protesters. The latest unrest saw three officers hospitalized after a tense stand-off outside a mosque in northeast England.

The city of Sunderland has been particularly affected, with far-right demonstrators rampaging through the streets, setting cars and buildings on fire. The protests were sparked by misinformation surrounding a mass stabbing that resulted in the deaths of three young girls. False rumors about the attacker’s identity, linking him to the Muslim and immigrant communities, have fueled the anger of far-right supporters.

In response, police have increased their presence and are preparing for more than 20 protests expected over the weekend in cities including Belfast, Cardiff, Liverpool, and Manchester. Authorities are also deploying surveillance and facial recognition technology to manage the situation.

The Muslim Council of Britain has expressed concerns about the safety of Islamic places of worship, prompting many mosques to strengthen their security measures. Counter-protests are also anticipated, with organizations like Stand Up To Racism rallying against Islamophobia and the far-right.

Prime Minister Keir Starmer has announced the formation of a national policing unit to crack down on violent protesters, emphasizing that those involved in the disorder will face severe consequences.

As tensions remain high, the UK braces for a challenging weekend ahead.


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