Makana 360 Daily Insights:
📌 Trump cancels signing of a landmark bipartisan bill aimed at lowering housing costs
Donald Trump cancelled the planned signing of a major bipartisan housing bill just hours before the ceremony, saying he would not approve it until Congress passes strict voter ID legislation. The bill is designed to reduce housing costs and expand supply through more than 40 measures, including easing homebuilding rules and limiting institutional purchases of single-family homes. The move surprised lawmakers from both parties, although some Republicans still expect Trump to sign it later. Unless it is vetoed or delayed in Congress, the bill could become law within ten days.
📌 Extreme heat is melting records across Europe, with more expected Thursday
Europe is facing an intense heatwave that is breaking national records and placing heavy pressure on public services and infrastructure. France recorded its hottest day since records began, while the UK and Spain set new June temperature records. The UK issued rare red extreme heat warnings, with temperatures forecast to reach 39°C. In France, at least 40 people drowned while trying to escape the heat, while the conditions also strained electricity grids and caused power outages in northwestern France and parts of Italy, including Florence and Pescara.
📌 Israel says the IDF is staying in southern Lebanon, undermining Iran peace talks
Israel’s defence minister Israel Katz said Israeli troops will remain in southern Lebanon, complicating US-Iran peace talks that link a permanent deal to ending the Lebanon conflict. Iran insists Israel must stop operations and withdraw, while Israel says there is no US demand for withdrawal and prefers a phased handover to the Lebanese army. Despite a US-mediated Israel-Hezbollah ceasefire, Israeli strikes continued near Nabatieh, while US Secretary of State Marco Rubio toured Gulf states to reassure allies concerned that sanctions relief and possible funds for Iran could strengthen Tehran.
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