The End of Europe's History

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The trend to larger vehicles seems odd at first. The streets of Florence were niece, for getting no wider. But ultimately, faster cars in Europe are a consequence of a fatter wallet. People tend to buy as much car as they can afford. So the arc of automotive progress is long, but bends towards dollar bigger wheels.

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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