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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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Netanyahu Announces Hostage Release Deal Amid Ongoing Conflict


In a significant development, Israeli Prime Minister Benjamin Netanyahu has announced that a deal has been reached to release Israeli hostages held by Hamas in Gaza. This agreement comes after intense negotiations and is expected to bring relief to many families who have been waiting for the safe return of their loved ones.

The deal, which is set to be implemented in phases, will see the release of 33 Israeli hostages, including women, children, and men over 50, in the first six-week phase. In exchange, Israel will release Palestinian women and children under 19 detained in Israeli jails. The total number of Palestinians released could range between 990 and 1,650, depending on the number of hostages freed.

The ceasefire agreement, which accompanies the hostage release deal, aims to halt the fighting that has devastated Gaza, killed over 46,000 people, and displaced most of the enclave's population. Despite the agreement, Israeli airstrikes continued in Gaza, causing further casualties.

Netanyahu's announcement has been met with mixed reactions. While many see it as a necessary step towards peace, hardliners in Netanyahu's coalition have opposed the deal, viewing it as a capitulation to Hamas. National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich have threatened to resign if the deal is approved.

The Israeli cabinet is expected to give final approval to the deal, with the first hostages set to be released on Sunday. This development marks a crucial moment in the ongoing conflict and could potentially ease hostilities in the region.


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