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Keywords: Climate
Business confidence in Germany strengthened more than economists had anticipated in July, signaling a gradual improvement in corporate sentiment despite continued geopolitical uncertainty and broader global economic challenges. Fresh data released by the Ifo Institute showed that its closely watched......
Massive wildfires have forced hundreds of thousands of people to evacuate their homes across France and Spain, as firefighters struggle to contain rapidly spreading flames amid extreme heat, dry conditions and strong winds. Some of the most severe fires have been reported in southwestern France and......
French energy company TotalEnergies has announced plans to appeal a landmark court decision ordering it to align its business strategy with climate change objectives. The company said on Monday that it would challenge the ruling issued by a Paris court, which found that TotalEnergies could be held responsible......
More than 400 tourists and beachgoers were evacuated by sea on Sunday after a wildfire broke out near the coastal town of Peschici in Italy’s southern Puglia region, authorities said. The Italian Coast Guard carried out the evacuation operation after land routes became difficult to use due to......
Spanish firefighters are battling a fast-spreading wildfire near the coastal city of Valencia, where at least 15,000 people have been evacuated as authorities struggle to bring the blaze under control. The fire, affecting areas in eastern Spain, has created a major emergency situation, with officials......
Firefighters in France are working to contain wildfires threatening areas around Bordeaux, as authorities continue evacuating residents amid a severe summer heatwave and worsening drought conditions. The fires affecting southwestern France have forced local authorities to move increasing numbers of......
A potentially severe El Niño weather event could cause economic losses of between $10 billion and $20 billion across affected African countries and intensify migration pressures, according to the climate chief of the African Development Bank (AfDB). Speaking to Reuters, the bank’s top climate......
A severe and record-breaking heatwave across Spain has sparked massive wildfires that have already consumed over 20,000 hectares and advanced dangerously close to the capital, Madrid. Authorities have designated the blazes as among the most perilous in the region's modern history, prompting a state......
Wall Street banking giant JPMorgan has issued a stark warning that the convergence of an intensifying El Nino climate phenomenon and soaring energy costs could drive global inflation up by approximately 0.3 percentage points by 2027, with emerging markets bearing the heaviest toll. According to a comprehensive......