It's possible to attribute direct events, just to say, but not always immediately. One of them is El Nino, which is a weather pattern that the world has just entered. So we can't attribute what's going on now to that entirely either. And of course, heatwaves like this are very uncomfortable while they last.
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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