World shatters heat record for the second time in just two days

World shatters heat record for the second time in just two days


A worker, called ‘torchers’, works in a charcoal production during scorching heat exceeding 40 degrees Celsius in Diyarbakir, Turkiye on July 18, 2024.

Anadolu | Anadolu | Getty Images

The world registered its hottest day on record for the second time in just two days, according to the latest data compiled by the European Union’s climate monitor.

The EU’s Copernicus Climate Change Service (C3S) said on Wednesday that the global average surface temperature climbed to 17.15 degrees Celsius (62.87 degrees Fahrenheit) on Monday — eclipsing the previous record of 17.09 degrees Celsius, which had been set on Sunday.

C3S, which has been tracking the daily global mean temperature since 1940, said Sunday’s record had already shown “we are now in truly uncharted territory.”

The EU’s climate monitor has warned that new temperature records are inevitable as the planet keeps warming.

Scientists have repeatedly called for urgent and rapid reductions in greenhouse gas emissions to stop global average temperatures rising.

The fresh all-time high comes as excessive heat has gripped large parts of the U.S., Russia and southern Europe in recent days.

Tourists queue under a shade at the Palacio Real amid heatwave conditions in Madrid on July 23, 2024.

Oscar Del Pozo | Afp | Getty Images

“Sunday’s reign as the hottest day ever recorded on planet earth lasted until…Monday,” Bill McKibben, an environmental activist, said via social media.

Extreme heat is made much more likely by the climate crisis, the chief driver of which is the burning of fossil fuels.



Source

Private credit cracks open door for Wall Street banks’ comeback: ‘The tug of war is just starting’
World

Private credit cracks open door for Wall Street banks’ comeback: ‘The tug of war is just starting’

Wall Street, Manhattan, New York. Andrey Denisyuk | Moment | Getty Images Wall Street banks may finally be getting a long-awaited opening to claw back market share from private credit lenders. After a decade in which private credit lenders grew rapidly and took over a large share of financing for leveraged buyouts, signs of strain […]

Read More
Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a ‘present’
World

Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a ‘present’

Dwayne Schnell | 500px Plus | Getty Images Oil prices fell on Friday after President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, signaling a tentative easing of tensions in the critical shipping chokepoint. International benchmark Brent crude […]

Read More
China industrial profits surge 15% to start year, but oil price shock threatens outlook
World

China industrial profits surge 15% to start year, but oil price shock threatens outlook

An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from […]

Read More