Cruel summer: Heatwaves rage across the world

<p>Europe, America and Asia are all enduring scorching heatwaves, air temperatures are repeatedly <a href="https://www.economist.com/graphic-detail/2023/07/07/global-temperatures-have-broken-records-three-times-in-a-week?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">breaking records</a> and the health impacts are alarming. But is the worst yet to come? Why <a href="https://www.economist.com/finance-and-economics/2023/07/04/can-anything-pop-the-everything-bubble?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">risky assets</a> are proving more resilient than investors expected despite war, inflation and the threat of recession (10:10). And Europe says farewell to its symbolic <a href="https://www.economist.com/europe/2023/06/21/a-farewell-to-small-cars-the-industrial-icons-that-put-europe-on-wheels?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">small cars</a> (16:50).</p><br><p>For full access to print, digital and audio editions of <em>The Economist</em>, try a free 30-day digital subscription by going to <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a></p><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>