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Markets in Turmoil: Global Stocks and Oil Slide Amid Tariff Shock

Global financial markets faced a sharp downturn following the announcement of sweeping tariffs by U.S. President Donald Trump. The tariffs, which include a baseline 10% levy on imports from all countries and significantly higher rates on key trading partners, have sparked fears of a global trade war. Asian markets were among the first to react, with Japan's Nikkei index dropping nearly 3%, while Hong Kong's Hang Seng index fell 1.5%. European markets followed suit, with major indices like the UK's FTSE 100 and France's CAC 40 experiencing notable declines. U.S. stock futures also tumbled, signaling potential losses when markets open. The oil market was not spared, as crude prices plunged amid concerns over reduced global demand. Investors flocked to safe-haven assets like gold, which reached record highs. The tariffs, aimed at addressing trade imbalances, have drawn criticism from global leaders and economists, who warn of inflationary pressures and potential economic s...
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Trump Loses Appeal in E. Jean Carroll Sex Abuse Case

In a significant legal development, former President Donald Trump has lost his appeal to overturn a jury verdict that found him liable for sexually abusing and defaming former magazine columnist E. Jean Carroll. The ruling by the Second U.S. Circuit Court of Appeals comes just a day after Trump hinted at seeking retribution against Carroll on his Truth Social account.

The jury in the May 2023 civil case awarded Carroll $5 million in damages after finding Trump liable for sexual abuse and defamatory remarks made in 2022. Trump's legal team argued that the judge should not have allowed testimony from two other women who accused Trump of sexual misconduct, nor should the infamous Access Hollywood tape have been included as evidence. However, the appeals court upheld the original verdict, stating that the evidence demonstrated a "repeated, idiosyncratic pattern of conduct".

Carroll's attorney, Roberta Kaplan, expressed satisfaction with the court's decision, emphasizing the importance of holding powerful individuals accountable for their actions. Trump, who has consistently denied the allegations, is also appealing a second trial verdict from January, which awarded Carroll an additional $83 million in damages.

This ruling marks another chapter in the ongoing legal battles faced by Trump, as he continues to navigate the repercussions of his actions during and after his presidency.

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