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Europe braces for yet another heatwave as Greek PM warns ‘hard times are clearly not over yet’

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  Atop the Acropolis ancient hill, tourists visit the Parthenon temple during a heat wave on July 20, 2023 in Athens, Greece. The Acropolis of Athens and other archaeological sites in Greece announced reduced opening hours due to the heatwave conditions. Milos Bicanski | Getty Images News | Getty Images Europe is set for another heatwave in the coming days, pushing temperatures back toward record levels as an oppressive “heat dome” expands over the southern half of the continent. It comes shortly after the planet  registered  its hottest day since records began for the third time in just four days earlier this month. The U.S. and China also saw temperatures climb above 50 degrees Celsius (122 Fahrenheit) in recent days. The scorching heat hitting hundreds of millions of people across the globe is fueled by the climate emergency. Scientists say the recent spate of heat records reaffirms the increasing urgency to slash greenhouse gas emissions as quickly and as deeply as po...

Singapore avoids technical recession as economy grows 0.7% year-on-year in second quarter

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  Exterior of the Singapore Exchange building. Bryan van der Beek | Bloomberg | Getty Images Singapore’s economy avoided a technical recession in the second quarter, growing 0.7% year-on-year and 0.3% quarter-on-quarter,  advanced estimates  showed. Economists polled by Reuters expected to see growth of 0.3% quarter-on-quarter and 0.6% year-on-year. In the first quarter, Singapore’s economy contracted by 0.4% quarter-on-quarter on a seasonally adjusted basis and saw marginal growth of 0.4% year-on-year. The latest data comes after the Monetary Authority of Singapore, the city-state’s central bank and financial regulator, warned of an “uncertain” growth outlook earlier this month. “The near-term outlook remains uncertain with downside risks,” the  MAS said in an annual review . “Should latent vulnerabilities in the global financial system emerge in the coming months, consumer and investor confidence could take a further hit, with adverse implications for the broader e...