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Myanmar Earthquake: Death Toll Climbs to 3,145 Amid Ongoing Rescue Efforts

The devastating earthquake that struck Myanmar nearly a week ago has claimed at least 3,145 lives, with search and rescue teams continuing to recover bodies from the rubble. The 7.7 magnitude quake, which had its epicenter near Mandalay, Myanmar's second-largest city, caused widespread destruction, including collapsed buildings, damaged roads, and destroyed bridges.  Humanitarian aid groups are working tirelessly to provide survivors with medical care and shelter, as thousands remain homeless and vulnerable to disease outbreaks. The United Nations estimates that over 17 million people have been affected by the disaster, with more than 9 million severely impacted.  In response to the crisis, Myanmar's military government has declared a temporary ceasefire to facilitate relief efforts. However, ongoing challenges, including communication blackouts and difficult-to-reach areas, have hindered the full assessment of the disaster's impact.  The coming days will be critical in d...
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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 stagnation. The European Union and other affected nations have vowed to respond with countermeasures, further heightening tensions.

As markets brace for continued volatility, the long-term impact of these tariffs on global trade and economic stability remains uncertain.

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