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Portugal and the U.S. fall victim to intense wildfire conditions

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Extreme fire conditions have spread across the globe with the U.S. scorched and dozens injured in Portugal

Dozens have been injured as a wildfire tears through Portugal leaving 12 firefighters and 17 civilians in medical care.

3,000 firefighters have now been deployed to tackle the inferno as temperatures throughout the country reach 43 degrees Celsius.

The European Union has activated its air fleet assistance programme allowing member nations to share their resources.

Spain has been one of the first countries to lend a hand, mobilising two firefighting planes.

96 per cent of Portugal is considered as being in ‘extreme’ or ‘severe’ drought and the sweltering heat wave currently hanging over the nation is only expected to worsen.

The government has declared a heightened state of alert which will remain in place until at least Friday.

Wildfires throughout the U.S.

It’s been an explosive few months when it comes to wildfires in the U.S., but it’s tipped to get a whole lot worse as summer approaches.

Landscapes are being described by experts as ‘tinderboxes’ – so dry that a single spark could lead to catastrophe.

The Pacific north-west, north California, Texas, Hawaii and Alaska are all forecast to be among those hardest hit by fire conditions.

Four key factors are at play here – drought, dried fuels, windy or warm weather and ignitions.

The climate crisis is also making matters worse and leading to more intense conditions.

Over the first six months of this year alone, we’ve seen a controlled burn in New Mexico escape its containment and escalate into a wildfire in Alaska, a lightning storm led to the destruction of 2 million acres, and this is just to name a few.

When compared with the previous 10-year average, 220 per cent more land has been lost as a result of fires.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Leaders

Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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Leaders

Trump promises to slap unprecedented tariffs on foreign allies

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Former President Donald Trump has promised to slap unprecedented Tariffs on foreign allies, including the European Union, if he wins the 2024 presidential election.

Trump pledged to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S.

While he had already said he wanted to cut the corporate tax rate to 15%, he had not previously tied that lower rate to keeping manufacturing inside the country. #featured #trending

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