๐ Global News Summary – July 11, 2025
As the world moves through mid-2025, key developments in politics, climate, economy, and global affairs are shaping headlines and policy decisions worldwide.
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1. Trade Tensions Rise Again
Former U.S. President Donald Trump has reignited global trade tensions by imposing new tariffs on Canadian goods, with reports suggesting similar actions are planned against the European Union and other allies. The proposed tariffs range from 15% to 35% and are scheduled to take effect on August 1, 2025, unless new trade agreements are reached.
The move has sparked concern in Europe and Canada, both of which are preparing diplomatic and economic responses. EU diplomats have also begun drafting sanctions against Israel in response to alleged human rights violations in Gaza and the West Bank.
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2. Markets React to Uncertainty
The global financial markets are experiencing mixed reactions. U.S. stock futures declined slightly following the tariff announcements. However, cryptocurrencies and gold surged, with Bitcoin reaching around $118,000 and gold seeing a three-day rally.
Experts attribute this trend to investor caution, with many shifting their assets into safer investments. The World Bank and IMF have both lowered their economic growth forecasts for the second half of the year due to concerns about slowed global trade and consumer demand.
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3. Climate Crisis Deepens
Europe continues to suffer from extreme heatwaves. Over 2,300 deaths have been linked to scorching temperatures across countries like Spain, France, and Portugal. In Portugal, temperatures hit a record 46.6°C in late June. These events form part of what climate scientists are calling the 2025 European Heatwave Emergency.
In the oceans, a mass coral bleaching event—ongoing since 2023—has now affected 84% of the world’s reefs, making it the worst environmental event of its kind in history. Experts warn this could have lasting consequences for marine biodiversity, fisheries, and coastal economies.
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4. United Nations Calls for Stability
The UN’s migration chief warned of growing global fatigue over the war in Ukraine, as humanitarian funding and attention wane. The war continues to displace millions, straining support systems across Europe.
Meanwhile, the UN has declared 2025 the International Year of Glaciers' Preservation, calling on nations to prioritize climate resilience and water security. Glaciers are melting faster than ever, threatening water supplies for millions in South America, Asia, and Europe.
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5. Technology and Culture
In Vancouver, the 2025 League of Legends Mid-Season Invitational is drawing global attention, highlighting the booming growth of esports and digital entertainment. This year’s format features “Fearless Draft,” a new competitive mode. Winners of this event will qualify for the 2025 World Championship later this year.
On a cultural note, today is also World Population Day, a reminder of the global challenges tied to demographic shifts such as aging populations, declining birth rates, and resource distribution.
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๐งญ Conclusion
From climate change to trade disputes, today's headlines reflect a world in flux. With international cooperation being tested, the coming weeks are likely to bring more decisive developments in global economics, diplomacy, and sustainability efforts.
As the world moves through mid-2025, key developments in politics, climate, economy, and global affairs are shaping headlines and policy decisions worldwide.
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