• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on July 1, 2025

    Featured image for article about Headlines

    By Ingrid Melander and Emma Pinedo

    PARIS/MADRID (Reuters) -More than a thousand schools were closed in France on Tuesday and the top floor of the Eiffel Tower was shut to tourists as a severe heatwave continued to grip Europe, triggering health alerts across the region.

    The Mediterranean Sea was up to 6 degrees Celsius warmer than usual for the time of year, hitting a record of as much as 30 C (86 F) in Spain's Balearic Sea as a heat dome trapped hot air above Europe, the country's Aemet weather forecaster said.

    Europe is the world's fastest-warming continent, heating up at twice the global average, according to the EU's Copernicus Climate Change Service, making extreme heatwaves occur earlier in the year, and persist into later months.

    In France, the heat was set to peak on Tuesday, reaching 40-41 C in some areas and 36-39 C in most others, weather forecaster Meteo France said. Sixteen departments will be on the highest level of alert from noon, with 68 on the second highest.

    Some 1,350 schools will be fully or partially closed due to the heat, up significantly from around 200 on Monday, the Education Ministry said. The top floor of the Eiffel Tower will be closed on Tuesday and Wednesday, with visitors advised to drink plenty of water.

    The extreme heat also raised the risk of field fires as farmers in France, the European Union's biggest grain producer, start harvesting this year's crop.

    Some farmers were working through the night to avoid harvesting during peak temperatures in the afternoon. In the Indre region of central France, which has seen a spate of field fires since late June, authorities banned field work between 2 p.m. and 6 p.m.

    HEALTH ALERTS

    The intense heat could harm biodiversity, some experts said.

    "In the past we have seen impacts like mass mortalities of invertebrate species, die-offs of seagrass beds and disease outbreaks in mussel farms. It's likely that we'll see similar impacts from this event," said scientist Kathryn Smith of the Marine Biological Association of the United Kingdom.

    Health alerts have been issued across Europe, with residents and tourists alike seeking ways to keep cool.

    Extreme heat kills up to 480,000 people annually around the world, according to Swiss Re, which notes this exceeds the combined toll from floods, earthquakes and hurricanes.

    In a retirement home in Grimbergen, Belgium, residents passed a ball to each other in a paddling pool.

    "To me it's a great activity," said Marie-Jeanne Olbrechts, one of the residents.

    The DGG association for geriatric care in Germany said most regions of the country were not adequately prepared for a heatwave.

    "If they were, they could prevent tens of thousands of deaths in the future," said Clemens Becker, author of a study conducted on behalf of the DGG.

    Scientists say greenhouse gas emissions from burning fossil fuels are a key cause of climate change, with deforestation and industrial practices being other contributing factors. Last year was the planet's hottest on record.

    (Additional reporting by Kate Abnett, Gus Trompiz, Rachel More; Editing by Bernadette Baum)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe