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Mediterranean destinations on Tuesday to stay indoors during the hottest hours as the second heat wave in as many weeks hits the region and Greece, Spain and Switzerland battled wildfires. In Italy, Red Cross teams checked on the elderly by phone while in Portugal they took to social media to warn people not to leave pets or children in parked cars.

Everyone knows thatFabrizio Campelli is whipping Deutsche Bank into some semi-frothy hiring behaviour this year; fewer are aware that a German Landesbank is lurking on the sidelines.  

Bonds rallied for a second day as traders bet global central banks are nearing the end of an aggressive streak of rate increases.

By Julia Harte and Charlie Devereux

Reuters said that governments across the globe are looking at ways to mitigate the dangers of growing AI technology which has the potential to change the global economy and international security landscapes. The hype around AI and its regulation grew after the advent of generative AI technology like OpenAI's ChatGPT and Google Bard.

Europeans are facing a new economic reality, one they haven’t experienced in decades. They are becoming poorer. Life on a continent long envied by outsiders for its art de vivre is rapidly losing its shine as Europeans see their purchasing power melt away.

From North America to Europe and Asia, people gulped water and sought shelter from the sweltering heat, with the mercury expected to reach new highs in several places in the next few days. Europe, the globe's fastest-warming continent, was bracing for its hottest-ever temperature this week on Italy's islands of Sicily and Sardinia, where a high of 48 degrees Celsius (118 degrees Fahrenheit) is predicted, according to the European Space Agency.

southern Europe began a brutally hot week on Monday with temperatures expected to top 40 C — or 104 F — on a continent already overburdened by tourists. The health ministry issued 10 recommendations to protect elderly people, the sick and pets from the heat, urging people to stay indoors during the hottest hours, drink at least 1.5 liters (nearly half a gallon) of water a day and refrain from strenuous exercise at peak daylight times. The culprit was a high-pressure anticyclone dubbed Cerberus, the multi-headed dog that guards gates to the underworld in Greek mythology.

Investing.com — European stock markets retreated Monday after the release of underwhelming Chinese growth data, while the second-quarter earnings season gets underway in earnest.

steel imports of India in June '23 as compared to June 22...," it said. In June 2022, China constituted 26.1% of India's steel imports, while Vietnam's share was 1%.

global warming. Asia, Europe, and the United States are grappling with record-breaking temperatures, fueling wildfires and posing a severe threat to the affected regions. In Europe, Italy is bracing itself for an unprecedented heatwave, described as one of the most intense in history.

By Crispian Balmer

Morgan Stanley PE Asia has acquired a controlling stake in ClearMedi Healthcare, a Delhi-headquartered chain of oncology hospitals and radiation therapy centres, in a deal valued at about $35 million (Rs 285 crore). Italy's KOS Group, which has been a strategic investor, exited ClearMedi by selling its stake to the PE firm and the promoters of the healthcare provider, people briefed on the transactions told ET.

Climate change and its effects are no surprise to humankind, these extreme conditions might spell doom for civilisation.  In the latest turn of events, a rapidly developing El Nino threatens Earth's climate activity.  In northern India, relentless monsoon rains have reportedly killed at least 90 people, following burning heat. Major flooding and landslides are common during India's monsoons, but experts say climate change is increasing their frequency and severity. A man died as torrential rains lashed northern Japan on Sunday, a week after seven people were killed in similar weather in the country's southwest.

On the Spanish island of La Parma, meanwhile, at least 4,000 people had to be evacuated as a forest fire burned out of control, authorities said. Spain, Italy and Greece have been experiencing scorching temperatures for several days already, damaging agriculture and leaving tourists scurrying for shade. But a new anticyclone dubbed Charon, who in Greek mythology was the ferryman of the dead, pushed into the region from north Africa on Sunday and could lift temperatures above 45 Celsius (113 Fahrenheit) in parts of Italy early this week.

By Kevin Buckland

China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data. At 4.84 lakh metric tonne (LMT), India's overall steel import registered a 5.9 per cent increase on a month-on-month (m-o-m) basis and 7.6 per cent over June 2022, the Ministry of Steel said. «Share of China, Japan, Vietnam, Saudi Arabia, Russia, Nepal and the USA increased in total steel imports of India in June '23 as compared to June 22,» it said. In June 2022, the import from China was 26.1 per cent and Vietnam was 1 per cent. However, in June 2023, the import from China contributed 37.1 per cent and Vietnam's share was 4.8 per cent in India's steel import basket. The development assumes significance as India has set an ambitious target to increase its steel making capacity to 300 million tonnes and Indian players eyeing for a significant share in the global steel markets.

US predicts that the country is set to witness an “extremely hot and dangerous weekend". The prediction indicates that the heat could remain concentrated on the West Coast this weekend, things could get hotter in the South by early next week. The US weather agency noted that Phoenix is likely to record its hottest week on record, based on the 7-day temperature average.

Wimbledon 2023 Championships are expected to be filled with excitement as organizers have reported an extraordinary level of fan interest in witnessing a potentially historic event. Ons Jabeur, a talented 28-year-old tennis player from Tunisia, is vying to become the first African or Arab female to secure a Grand Slam victory. All eyes will be on her as she competes in the women's final on Centre Court this Saturday. Wimbledon 2023 has seen a surge in fan attendance this year, with the highest turnout in the first five days since before the pandemic. Sally Bolton, CEO of the All England Club, expressed the remarkable public demand to join Wimbledon in 2023. International guests, including tennis fans from the USA, Germany, and Italy, have returned in significant numbers. Wimbledon aims to be inclusive by offering on-the-day ticket sales, including Centre Court tickets and grounds passes, to accommodate a wide range of attendees. In good news for tennis fans, you can not only secure your spot for Wimbledon 2024 but also take advantage of last-minute ticket opportunities for Wimbledon 2023.

Europe and Japan, in the latest example of the threat from global warming. Italy faces weekend predictions of historic highs with the health ministry issuing a red alert for 16 cities including Rome, Bologna and Florence. The meteo centre warned Italians to prepare for «the most intense heatwave of the summer and also one of the most intense of all time».

New Delhi: Union minister Jitendra Singh on Saturday said that the successful launch of Chandrayaan-3 will boost space startups and space entrepreneurs. Addressing the G20 Young Entrepreneurs Alliance Summit, the minister said that the Indian Space Research Organization (ISRO) had made history in November last year by launching successfully India’s maiden private Vikram-suborbital (VKS) rocket.