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BREAKING EW TODAY Egypt is set to deliver Israel’s latest Philadelphi corridor proposal to Hamas after Israel submitted a revised plan on Thursday as efforts to secure a ceasefire deal to halt the fighting in Gaza continue, a diplomat and an Israeli source familiar with the talks said.

1. **Global Markets Plunge**: Stocks worldwide tumble as concerns over rising interest rates and geopolitical tensions escalate. 2. **Historic Heat Wave**: Record-breaking temperatures hit several major cities, prompting urgent calls for climate action and emergency response measures.

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