Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

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
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    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.

    Home > Top Stories > Wildfires rage across Europe as climate alarm sounded
    Top Stories

    Wildfires rage across Europe as climate alarm sounded

    Wildfires rage across Europe as climate alarm sounded

    Published by Jessica Weisman-Pitts

    Posted on July 21, 2022

    Featured image for article about Top Stories

    By Renee Maltezou and Kate Holton

    ATHENS/LONDON (Reuters) – Emergency services battled wildfires across swathes of southern Europe amid mass evacuations on Wednesday, as warnings sounded in London after Britain’s hottest day that the fight against climate change needed to be stepped up.

    Hundreds fled in central Italy as gas tanks exploded in a forest fire near the Tuscan town of Lucca. Similar numbers fled in Greece as a blaze fuelled by gale-force winds raged in mountains north of Athens. Greek authorities said later in the day that the blaze had been tamed.

    A brutal heatwave with spikes well above 40 Celsius (104F) settled over southern Europe last week, part of a global pattern of rising temperatures, widely attributed by scientists and climatologists to human activity. It is forecast to dump searing heat on much of China into late August.

    It is also expected to expose around 100 million Americans to temperatures above 38C on Wednesday and set records in Texas, Louisiana and Arkansas.

    Power consumption is predicted to hit new peaks in Central U.S. states – adding to greenhouse gas emissions – as homes and businesses crank up air conditioners to combat a heatwave forecast to last into next week.

    While the record heat last week around parts of the Mediterranean has eased, mercury readings have begun heading up again in Portugal, Spain and Italy.

    Armando Silva, Civil Protection commander in Portugal’s northern region, said rising temperatures and strong winds would make it harder to fight the country’s largest wildfire centred on the municipality of Murça.

    It has burned 10,000-12,000 hectares (38-46 square miles) since Sunday and around 800 firefighters and six water planes have been deployed to tackle it.

    ABOVE 40C

    In Spain, where emergency crews were fighting fires in five regions, national weather service AEMET also forecast higher temperatures.

    Wildfires burned in several areas of Italy, including one that threatened to leave part of the northeastern city of Trieste without power and water, and 14 metropolitan areas including Rome, Milan and Florence were due to be put on the country’s highest heatwave alert on Thursday.

    Forecasters there said that temperatures were expected to hit 40C across a swathe of the north and centre this week.

    That mark was topped in Britain for the first time on Tuesday, shattering the country’s previous temperature record by 1.6 degrees Celsius. At least 13 people have died while swimming to cool off.

    The Chief of Science and Technology of Britain’s Met Office, Stephen Belcher, said that unless emissions were reduced, the country might experience similar heatwaves every three years.

    Treasury Minister Simon Clarke said Tuesday’s “remarkable, unprecedented” record served as “a reminder … of the importance of tackling climate change.”

    British engineers raced on Wednesday to fix train tracks that buckled in the heat after firefighters worked through the night to damp down wildfires. On Tuesday, London firefighters endured their busiest day since World War Two.

    ‘OUR GRANDCHILDREN WILL SUFFER’

    The shift in climate is leading to more wildfires and will force France and the European Union to take “structural decisions…in the years to come”, President Emmanuel Macron said on Wednesday.

    In southern Europe, far larger wildfires continued to rage.

    In Italy, emergency crews in Tuscany battled the Lucca wildfire, which forced around 500 people to evacuate as flames reached villages overnight and caused liquefied gas tanks to explode, the region’s governor, Eugenio Giani, tweeted.

    Another fire close to the border with Croatia and Slovenia forced state-owned shipbuilder Fincantieri to close down its plant in the port city of Monfalcone, which employs 3,000 people.

    As the fire crossed into Slovenia, the mayor of nearby Trieste told local TV that parts of the town could soon stop receiving power, which would shut off the water supply.

    In Greece, thick smoke darkened the sky over Mount Penteli, 27 km (16 miles) north of Athens, where close to 500 firefighters, 120 fire engines and 15 water-carrying planes managed to stem the spread of a wildfire.

    “Yesterday’s fire in the area of Penteli had all the features of a situation which was very hard to manage,” Civil Protection Minister Christos Stylianides said in a televised statement later on Wednesday.

    “Now the fire has been brought under control.”

    Greek authorities said they evacuated nine settlements and a hospital, and police helped at least 600 residents out of fire zones. Strong winds were forecast to persist in the area until Thursday.

    In France, where firefighters in the southwestern Gironde region have been battling since July 12 to contain huge forest fires, Agriculture Minister Marc Fesneau said more money needed to be invested to tackle such threats.

    In Portugal, as the Murça fire raged nearby, olive tree grower Manuel Lopes, 67, feared for his plantations and for the future of his drought-stricken region. “Our grandchildren … will suffer if this (climate change) doesn’t stop,” he said.

    (Reporting by Renee Maltezou, Angeliki Koutantou, Karolina Tagaris and Vassilis Triandafyllou in Athens; Dominique Vidalon, Mathieu Rosemain and Sudip Kar-Gupta in Paris; Kate Holton and William James in London, Emma Pinedo in Madrid and Catarina Demoney in Lisbon; Writing by John Stonestreet; Editing by Nick Macfie, Alex Richardson and Mark Heinrich)

    Related Posts
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    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

    Previous Top Stories PostMicrosoft Teams back up for most users after global outage
    Next Top Stories PostZara founder Ortega’s real estate assets worth $15.5 billion in 2021

    More from Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts