Canada's wildfires could continue into fall, says government
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, accordin...
European stock markets closed lower on Friday as heightened tensions in the Middle East rattled investors, overshadowing optimism from improving US-China trade relations.
The pan-European Stoxx Europe 600 index dropped 0.89% to finish at 544.94 points. Germany’s DAX 40 fell 1.07% to 23,516.23, France’s CAC 40 declined 1.04% to 7,684.68, and Italy’s FTSE MIB 30 tumbled 1.28% to 39,438.75. In the UK, the FTSE 100 slipped 0.39%, ending the session at 8,850.63.
Investor sentiment deteriorated sharply after Israel launched a large-scale military strike on Iran, raising fears of a broader regional conflict. The attack, which killed dozens including top Iranian commanders and nuclear scientists, prompted Iran to request an emergency UN Security Council meeting and pledge severe retaliation.
The euro also lost ground amid the uncertainty, declining 0.181% against the US dollar to trade around 1.156 as of 7.20 p.m. local time (1620GMT).
While markets had been buoyed earlier in the week by signs of progress in US-China trade talks, the sudden spike in geopolitical tensions shifted investor focus toward safe-haven assets and away from equities.
“Geopolitical shocks like this tend to spike volatility and reduce risk appetite,” said one analyst. “Even positive news like easing trade friction takes a backseat when investors are concerned about military escalation and energy market disruption.”
Market participants will be closely monitoring developments over the weekend for further clues on how the conflict may evolve and its potential impact on global markets.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
U.S. President Donald Trump said on Monday he expected Russian President Vladimir Putin to release more than 1,000 Ukrainian prisoners soon, after a trilateral meeting was set up with Ukrainian leader Volodymyr Zelenskyy.
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of the brain’s inner workings.
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval.
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decades, signaling a shift toward more market-friendly policies to address the nation's economic struggles.
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