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    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.
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    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.

    Top Stories

    Posted By Uma Rajagopal

    Posted on July 4, 2024

    Featured image for article about Top Stories

    Russia swelters in heat wave, Moscow breaks 1917 record for early July

    MOSCOW (Reuters) – Russians were braving some of the hottest weather seen in more than a century on Thursday with Moscow breaking a 1917 record and cities across the world’s biggest country sizzling in temperatures well above 35 degrees Celsius (95 Fahrenheit).

    In Moscow, where temperatures can fall to minus 40 degrees Celsius in the legendary Russian winter, the mercury rose to 32.7 degrees Celsius on July 3, breaking the 1917 record for that day by half a degree, the FOBOS weather centre said.

    Records were broken from Russia’s Pacific coast and the wilds of Siberia to the European parts of Russia, FOBOS said.

    The hot weather triggered soaring demand for air conditioners and fans, while Muscovites guzzled record amounts of ice creams and downed cold beverages. Water was handed out to passengers in the metro and on many trains.

    Moscow Mayor Sergei Sobyanin urged the residents of the Moscow metropolitan area, which has a population of well above 20 million, to take precautions and avoid going outside at the hottest times of the day.

    During the day, the air temperature will exceed the climatic norm and rise above 30 degrees again,” Sobyanin said.

    He said thunderstorms were forecast for Friday and there was a possibility of hail.

    (This story has been corrected to rectify the name of weather centre to FOBOS, not FOBUS, in paragraphs 2 and 3)

    (Writing by Guy Faulconbridge; Editing by Anil D’Silva)

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