Forecasters expect parts of California and Arizona to reach all-time high temperatures. 16 Italian cities were on red alert over the searing heat. The current record for the highest temperature ever reached in Europe, 48.8 degrees Celsius, was set in Sicily in 2021. Forecasters are predicting that this week it may be exceeded.
Europe, America and Asia are all enduring scorching heatwaves, air temperatures are repeatedly breaking records and the health impacts are alarming. But is the worst yet to come? Why risky assets are proving more resilient than investors expected despite war, inflation and the threat of recession (10:10). And Europe says farewell to its symbolic small cars (16:50).
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