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How market expectations have changed this year
  + stars: | 2023-07-24 | by ( Krystal Hur | ) edition.cnn.com   time to read: +7 min
As the economy and market continue to hum along, some investors’ expectations for what’s to come are shifting. Before the Bell: What were your market expectations at the start of this year, and how have they changed? Lori Van Dusen: When you look at what’s happened in the market on the surface, I think everybody knows it’s been a really good market, especially in the US, but it’s also been a very concentrated market around these seven stocks. And I think that’s why the market is broadening, and generally market participants are more constructive and taking their wins in technology and rotating. I think they’re fundamentally great companies, but I don’t think that their leadership will continue.
Persons: Tesla, , Bell, Lori Van Dusen, it’s, we’ve, I’ve, Don’t, don’t, you’re, You’ve, Nathaniel Meyersohn, CNN’s Caolán Magee Organizations: CNN Business, Bell, CNN, Dow Jones Industrial, Nasdaq, Nvidia, Apple, Microsoft, Fed, LVW Advisors, Economic, Institute, National Restaurant Association, Workers Locations: Las Vegas, States, Europe, Rome, Greece
Tourists flee Greek island Rhodes wildfire, thousands evacuated
  + stars: | 2023-07-23 | by ( ) www.cnbc.com   time to read: +2 min
A wildfire which has raged on the Greek island of Rhodes for six days forced thousands of tourists and island residents to shelter in schools and indoor stadiums on Sunday after they were evacuated from coastal villages and resorts. Many fled their hotels when huge flames reached the seaside villages of Kiotari, Gennadi, Pefki, Lindos, Lardos and Kalathos. "We have between 4,000 and 5,000 people now accommodated at different structures," Thanasis Virinis, a vice mayor of Rhodes told Mega television on Sunday, calling for donations of essentials such as mattresses and bedclothes. Climate change means heatwaves will become more frequent, an advisor to the World Meteorological Organization (WMO) said on Saturday. The fire has scorched swathes of forest and several buildings since breaking out in a mountainous area on Tuesday.
Persons: Rhodes, Ioannis Artopoios Organizations: Coastguard, Mega, Reuters, World Meteorological Organization, Firefighters Locations: Rhodes, Kiotari, Lindos, Greece, Southern Europe
ATHENS, July 23 (Reuters) - Following are some facts about the Greek island of Rhodes, facing wildfires that caused thousands of residents and tourists to evacuate this weekend. With a population of about 125,000 people, Rhodes is the ninth largest island in the eastern Mediterranean Sea. Lying to the southeast of the Greek mainland, it is one of the country's most popular islands for tourists, known for its sun-drenched beaches and historic sites. The old medieval town of Rhodes is home to a citadel, one of the finest examples of Gothic defensive architecture, and a well-preserved castle, the Palace of the Grand Master. In the southeast of the island, the small fishing village of Lindos attracts tourists with its hilltop medieval fortress and ancient acropolis.
Persons: Rhodes, Saint John, Angeliki, Frances Kerry Organizations: Knights, Crusaders, UNESCO, Thomson Locations: ATHENS, Rhodes, Lindos
ATHENS, July 23 (Reuters) - A wildfire raging on the Greek island of Rhodes forced thousands of tourists and island residents to shelter in schools and indoor stadiums on Sunday after they were evacuated from coastal villages and resorts. One government official told Reuters 19,000 people had been moved away from their homes and hotels, 3,000 of them by boat. Large groups gathered in the streets under a red sky waiting to be taken to safety. "We have between 4,000 and 5,000 people now accommodated at different structures," Thanasis Virinis, a vice mayor of Rhodes told Mega television on Sunday, calling for donations of essentials such as mattresses and bedclothes. "Customers currently in Rhodes will return on their intended flight home", it sad in a statement.
Persons: Amy Leyden, Leyden, Rhodes, Ioannis Artopoios, Jet2, TUI, Renee Maltezou, Elizabeth Piper, Frank Jack Daniel, Frances Kerry Organizations: Correndon, Reuters, Sky News, Volunteers, Mega, Firefighters, World Meteorological Organization, Thomson Locations: ATHENS, Rhodes, TUI, Greece, Kiotari, Lindos, Southern Europe
CNN —A heat wave baking Greece is likely to become the longest the country has ever recorded, experts say, as the country battles wildfires and restricts access to its popular tourist sites. He told CNN that the streak could go beyond those days, but at the moment “it’s hard to predict.”The longest continuous heatwave that Greece has faced was 12 days long, back in July 1987, Lagouvardos said. The country also experienced record-breaking heat, with capital Rome hitting a new high temperature of 41 degrees Celsius on Tuesday. Scientists are warning that the extreme weather may only be a preview of what’s to come as the planet warms. “The weather extremes will continue to become more intense and our weather patterns could change in ways we yet can’t predict,” said Peter Stott, a science fellow in climate attribution at the UK Met Office told CNN.
Persons: National Observatory of Athens Kostas Lagouvardos, Lagouvardos, Socrates Baltagiannis, , Peter Stott Organizations: CNN, Staff, Research, National Observatory of, Reuters, Getty, Rome, UK Met Office Locations: Greece, National Observatory of Athens, Athens, Rhodes, Europe, Veneto, Balkans
The suffocating heat in Athens has forced its top attraction, the Acropolis, to close to tourists in the afternoons for the second time this month, with plans to open up in the cooler hours of the evening. But a strike by workers at that site and others, over dangerous working conditions, will likely keep it closed in the afternoons while the extreme temperatures endure. Greece is suffering through its second heat wave in as many weeks, and temperatures are expected to reach 111 degrees Fahrenheit, or 44 Celsius, in Athens on Sunday. Workers say the heat poses a potential risk to them and to visitors, and they stopped working at noon on Thursday and Friday and plan to continue doing so until at least Sunday. The Acropolis is perched on a rocky outcrop high above Athens.
Persons: Ioannis Mavrikopoulos Organizations: Sunday, Workers Locations: Athens, Greece
“This can be attributed to travelers seeking out less crowded destinations, and milder temperatures,” the association said. This summer’s extreme temperatures follow blistering heat last year. Meanwhile, online searches for northern European destinations increased by 3 percentage points to hit 10%. Southern Europe still popular with BritsDespite rocketing temperatures, countries in southern Europe are still the go-to spots for many vacationers. Spain, Greece and Turkey are still “by far the most popular [destinations],” he said, which hasn’t “changed at all.”— Barbie Latza Nadeau and Chris Liakos contributed reporting.
Persons: Angelos Tzortzinis, Olivier Ponti, , , Johan Lundgren, Giuseppe Napolitano, Thomas Cook, Sean Tipton, hasn’t “, ” — Barbie Latza Nadeau, Chris Liakos Organizations: London CNN —, European Travel Commission, Tourism Council, Tourists, CNN, European Space Agency, ESA, British, Med Locations: London CNN — Spain, Italy, Europe, Brussels, Spain, France, Croatia, Greece, Czech Republic, Bulgaria, Ireland, Denmark, Athens, United Kingdom, Rome, Nicosia, Cyprus, Catania, Sicily, Southern Europe, Turkey
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. 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. Scientists say the recent spate of heat records reaffirms the increasing urgency to slash greenhouse gas emissions as quickly and as deeply as possible. A heat dome occurs when a high-pressure circulation in the atmosphere acts likes a lid or a cap, trapping hot air in place and creating vast areas of sweltering heat.
Persons: heatwaves Organizations: European Centre Locations: Athens, Greece, Europe, U.S, China, Spain, Sardinia, Sicily, Italy
[1/5] A person walks at the yard of a burnt house following a wildfire in Mandra, Greece, July 21. REUTERS/Louiza VradiATHENS, July 21 (Reuters) - Greece struggled to contain a wildfire west of Athens that burnt forestland for a fifth day on Friday as another heatwave hit the country. Two other blazes in forests on the island of Rhodes and in the Lakonia district in southern Greece were tamed on Friday. The risk of wildfires in the coming days will remain high and further heat is forecast following on from a previous heatwave. Reporting by Lefteris Papadimas and Fedja Grulovic; Editing by Angeliki Koutantou and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Vassilis Kikilias, Lefteris Papadimas, Angeliki Koutantou, Barbara Lewis Organizations: REUTERS, Firefighters, Reuters, Culture Ministry, Thomson Locations: Mandra, Greece, Louiza, ATHENS, Athens, Cyprus, France, Israel, Italy, Rhodes, Lakonia
CNN —As swaths of southern Europe continue to swelter under a deadly heat wave, for many outdoor workers, it’s turning into a brutal endurance test. “When it comes to protecting the health of outdoor workers during extreme heat events, there are really just three fundamental pieces — water, shade and rest,” Dahl told CNN last week. Yet some experts say many countries are far from prepared for dealing with extreme heat. Extreme heat also reveals a deep divide in the labor market, between those forced to be outside and those able to retreat to air-conditioned offices, the report added. Many workers in the global supply chain will be highly vulnerable to climate change impacts like heat, Parsons said.
Persons: Marina Calderone, Simona Granati, , Stelios Misinas, , Laurie Parsons, Kristina Dahl, ” Dahl, Parsons Organizations: CNN, Acropolis, Reuters, Royal Holloway, University of London, , Union of Concerned, European Trade Union Institute, European Union, Nature Medicine Locations: Europe, Rome, Naples, Italy, Greece, Athens, Saronida, Italian, Lodi, Royal
NO CANCELLATIONS YETDemand for travel has soared again this summer as tourists leave behind years of pandemic restrictions, and travel companies say the heat hasn't caused many cancellations - yet. Stories of tourists being airlifted off Italian beaches or ferried away in ambulances from Athens' Acropolis have flooded European media in recent weeks. Italy's Environment Ministry warned in a report this year that foreign tourists would in future travel more in the spring and autumn and choose cooler destinations. Greek authorities closed Athens' ancient Acropolis during the hottest part of the day on Friday to protect tourists. In Spain, high vacation demand is expected in coastal destinations in the north of the country and on Spanish tourist islands, where summer temperatures tend to be cooler, according to a report from national tourism association Exceltur.
Persons: Miguel Sanz, Anita Elshoy, Elshoy, Sean Tipton, Sanz, Dalphna Niebuhr, Daniel Otero, Rebeca Vazquez, Renee Maltezou, Elisa Anzolin, Angelo Amante, Corina Rodriguez, Catherine Evans Organizations: Travel Commission, EUROPE Tourists, Reuters, Ministry, Thomson Locations: ROME, Europe, Czech Republic, Denmark, Ireland, Bulgaria, Norway, Rome, Sicily, Athens, EUROPE, American, Greece, Mykonos, Spain, Bilbao, Italy, Madrid
In Italy, which has been particularly hard hit, temperatures in many cities are expected to soar above 40 degrees Celsius (104 Fahrenheit). In Spain, temperatures in the cities of Seville, Cordoba and Granada have reached 40 degrees Celsius. Even the normally cooler region of Navarra in the north of the country is experiencing up to 40 degrees Celsius. Firefighters have controlled the fire and it’s not yet clear if the region’s high temperatures played any role. While in the US, California’s Death Valley reached nearly 52 degrees Celsius (125.6) on Sunday.
Persons: Gregorio Borgia, Tiziana Fabi, Andres Gutierrez, EIRIF Handout, Catania, Niño, ” Christopher Hewitt Organizations: CNN, European Space Agency, ESA, Getty, La Palma, Anadolu Agency, Reuters, Firefighters, World Meteorological, WMO Locations: Europe, Italy, Spain, Greece, North Africa, Rome, Florence, Popolo, AFP, Athens, Seville, Cordoba, Granada, Navarra, La, Spain’s Canary, La Palma, Canary Islands, Tijarafe, Tenerife, Peloponnese, Catania, Sicily, China
ROME, July 16 (Reuters) - Italy issued hot weather red alerts for 16 cities on Sunday, with meteorologists warning that temperatures will hit record highs across southern Europe in the coming days. Spain, Italy and Greece have been experiencing scorching temperatures for several days already, damaging agriculture and leaving tourists scurrying for shade. "We need to prepare for a severe heat storm that, day after day, will blanket the whole country," Italian weather news service Meteo.it warned on Sunday. Italy's Health Minister Orazio Schillaci said authorities were keeping a close eye on Rome and urged people to take care. Europe's highest recorded temperature of 48.8C (119.8F), registered in Sicily two years ago, could be exceeded in the coming days, notably on the Italian island of Sardinia, meteorologists have said.
Persons: Charon, Meteo.it, Orazio Schillaci, Il, Crispian Balmer, Graham Keeley, David Goodman Organizations: Italy's, Thomson Locations: Italy, Europe, Spanish, La Parma, Spain, Greece, Africa, Acropolis, Rome, Florence, Palermo, Sicily, Bari, Seville, Sardinia, Barcelona
CNN —Italian authorities have issued an “extreme” health risk for 15 cities including Rome and Florence this weekend as a heatwave that is baking Europe threatens to bring record temperatures. The ESA warned that Europe’s heatwave has only just begun with Spain, France, Germany and Poland also expected to see extreme weather, just as the continent welcomes an influx of tourists. In the south, temperatures in the cities of Seville, Cordoba and Granada have reached 40 degrees Celsius, or 104 degrees Fahrenheit. Meanwhile, even the normally mild region of Navarra in the north is seeing up to 40 degrees Celsius. Heat is one of the deadliest natural hazards – more than 61,000 people died in Europe’s searing summer heat wave last year.
Persons: , Remo Casilli, Guglielmo Mangiapne, it’s, Organizations: CNN, European Space Agency, ESA, Roman, Piazza del Popolo, Reuters, Local, Italian Meteorological Society Locations: Rome, Florence, Europe, Sicily, Sardinia, , Spain, France, Germany, Poland, Piazza, Reuters Greece, Athens, Italy, Seville, Cordoba, Granada, Mallorca, Navarra
ATHENS, July 14 (Reuters) - Greece will shut the ancient Acropolis for a few hours on Friday to protect visitors to one of the world's most famous archaeological sites from a heatwave enveloping Athens and other countries in southern Europe. The Acropolis Hill, home to the Parthenon temple that is visited by millions of tourists every year, will be closed from noon to 5 p.m. (0900 GMT-1400 GMT) on Friday, authorities said. Greece’s meteorological service forecast temperatures peaking at 41 Celsius (105.8 Fahrenheit) in Athens by midday, but the mercury on the Acropolis Hill that overlooks the Greek capital is usually higher due to its altitude and lack of shade. Hellenic Red Cross workers handed out bottles of water to tourists forming long queues, and fanning themselves under the shade of olive trees before the Acropolis entrance, before the famed monument was temporarily closed. Reporting by Deborah Kyvrikosaios and Angeliki KoutantouOur Standards: The Thomson Reuters Trust Principles.
Persons: Deborah Kyvrikosaios Organizations: Red Cross, Thomson Locations: ATHENS, Greece, Acropolis, Athens, Europe, Southern Europe
CNN —A blistering and deadly heat wave is sweeping Europe, potentially bringing record-breaking temperatures. Parts of Spain, France, Greece, Croatia and Italy are all facing intense heat, with temperatures rising above 40 degrees Celsius (104 Fahrenheit). Heat is one of the deadliest natural hazards – more than 61,000 people died in Europe’s searing summer heat wave last year. Sardinia and Sicily are expected to be close to the current European temperature record of 48.8 degrees Celsius (nearly 120 Fahrenheit), according to the ESA. Temperatures were expected to stay around 40 degrees Celsius (104 Fahrenheit) across the region into next week.
Persons: , Antonio Masiello, Florence –, Alessandro Miani, SIMA, Italy “, rvoje Organizations: CNN, European Space Agency, ESA, Italian Meteorological Society, Piazza del Popolo, Italian Health Ministry, Italian Society of Environmental Medicine, RAI, Greek Culture Ministry, Police, Canadair, Reuters Locations: Europe, Spain, France, Greece, Croatia, Italy, Sardinia, Sicily, Rome, Lodi, Athens, Grebastica, Sbenik, Sibenik
Heatwave forces Athens to close Acropolis, wildfires hit Croatia
  + stars: | 2023-07-14 | by ( ) www.cnbc.com   time to read: +1 min
Italian meteorologists are calling the next phase of the heatwave "Charon" - a reference to the ferryman of the souls of the dead in Greek mythology. The European Space Agency (ESA), whose satellites monitor land and sea temperatures, has warned that Italy, Spain, France, Germany and Poland are all facing extreme conditions. Joan Ballester, a professor at the Barcelona Institute for Global Health, said France had learned lessons from a deadly 2003 heatwave that countries such as Italy, Greece, Spain and Portugal could follow. "There are measures that are relatively cheap, like for example, coordinating public entities also doing a census of vulnerable populations," Ballester, a co-author of this week's study, said. "But there are much more expensive measures, like for example, the redesign of cities to improve housing conditions," he told Reuters.
Persons: Joan Ballester Organizations: heatwave, European Space Agency, ESA, Barcelona Institute, Global Health, Reuters Locations: Greece, Acropolis, Europe, Italy, Spain, France, Germany, Poland, Sicily, Portugal
The European Space Agency (ESA), whose satellites monitor land and sea temperatures, has warned that Italy, Spain, France, Germany and Poland are all facing extreme conditions. Temperatures next week could break Europe's current record - 48.8 Celsius recorded in Sicily in August 2021. [1/5]A woman cools off near a fan at a caf?, during a heatwave across Italy, in Rome, Italy, July 14, 2023. ACROPOLIS NOT NOWIn Athens, with temperatures peaking above 40 Celsius, authorities closed the Acropolis Hill, home to the Parthenon temple that is visited by millions of tourists every year, from noon to 5 p.m. (0900 GMT-1400 GMT). Others were brought down from the Acropolis Hill in golf carts and transferred to wheelchairs.
Persons: BURNS, Joan Ballester, Guglielmo Mangiapane, Angel Abad, Abad, Deborah Kyvrikosaios, Angeliki, Stamos Prousalis, Antonio Bronic, Malgorzata, Horaci Garcia, Guillermo Martinez Catherine Macdonald, Rachel Norstrant, Rich McKay, Keith Weir, Gavin Jones, Frank Jack Daniel Our Organizations: Phoenix, European Space Agency, ESA, Barcelona Institute, Global Health, caf, REUTERS, Reuters, Madrid's La, Thomson Locations: ATHENS, PHOENIX, Greece, Acropolis, Europe, Italy, Spain, France, Germany, Poland, Sicily, El, United States, Phoenix, Arizona, Portugal, Rome, ACROPOLIS, Athens, Croatia, Madrid's La Paz
ATHENS/ROME, July 13 (Reuters) - Southern Europe sweltered under a fierce heatwave on Thursday, with a warning that temperatures could hit record highs for the continent next week. Health authorities issued a top, red alert warning for 10 Italian cities for the next two days, including Rome, Florence, Bologna and Perugia. Weather forecasts and official records are based on the air temperature which is significantly lower than the land surface reading. The record European temperature of 48.8C was registered in Sicily in August 2021 and could be exceeded next week, according to the European Space Agency. "With this solitude and this heat emergency, we see an explosive mix," he told a press conference.
Persons: Europe's sweltering, Luca Lombroso, Marco Impagliazzo, It's, Michele Kambas, Pietro Lombardi, Emma Pinedo, Keith Weir, Crispian Balmer, Emelia Organizations: Italian Meteorological Society, Health, Agency's Sentinel, European Space Agency, Catholic, Thomson Locations: ATHENS, ROME, Southern Europe, Islands, Italy, Cyprus, Greece, Athens, Europe's, Lodi, Rome, Florence, Bologna, Perugia, Spain, Extremadura, Sicily
Ancient Greek altar unearthed at archaeological site in Sicily
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +1 min
[1/3] An ancient Greek altar for family worship dating back at least 2,000 years is pictured after it was found in the Sicilian archaeological site of Segesta, Italy, June 29, 2023. Flavio Leone Sisilab CoopCulture Sicilia/Handout via REUTERSROME, June 30 (Reuters) - An ancient Greek altar for family worship dating back more than 2,000 years has been found in the archaeological site of Segesta on the Italian island of Sicily, local authorities said on Friday. It had been buried for centuries by a few centimetres of earth and vegetation in the area of ​​the Southern Acropolis at the Segesta site, which is in the western part of the island. "The Segesta site never ceases to amaze us," said Sicily's regional culture minister Francesco Paolo Scarpinato. Segesta, renowned for its 5th-century-BC temple, was an ancient Greek city nestled between mountains.
Persons: Flavio Leone Sisilab CoopCulture, Francesco Paolo Scarpinato, Segesta, Federica Urso, Gavin Jones, Gareth Jones Organizations: REUTERS, Southern Acropolis, Thomson Locations: Segesta, Italy, Flavio Leone Sisilab CoopCulture Sicilia, Handout, REUTERS ROME, Sicily, , Southern
He told CNN Chief International Anchor Christiane Amanpour that the federal indictment of his successor Donald Trump is evidence the rule of law still reigns – for now – in the United States. “Our existing democratic institutions are creaky, and we’re going to have to reform them.”The full interview with Obama airs at 10 p.m. In 2016, shortly after Trump had been elected his successor, Obama hailed the enduring power of American democracy from the ancient birthplace of the system. While in Greece, Obama also met with participants from the Obama Foundation Leaders program. Obama said in the interview that no democracy could thrive with high levels of social or economic inequality.
Persons: Barack Obama, “ Obama, Christiane Amanpour, Donald Trump, Obama, ” Obama, Amanpour, , Trump, Athena, , Narendra Modi, Modi, Xi, Biden, He’s Organizations: CNN, Democratic, Republican Party, Trump, Capitol, Indian, White, Obama Locations: United States, Athens, Greece, American, California, India, Africa, Asia, Europe
Usually breaking in a pair of flats or sandals meant getting raw blisters on the back of my ankles, even after religiously applying blister stick. So thank you to the algorithm gods that kept serving up pretty images of the Allbirds Tree Breezers flats in my social feeds. Can you really pop out the wool or Tencel insoles and throw the shoes in the washing machine? Allbirds Tree Breezer Point Shoe $110 at AllbirdsI brought both pairs to Greece and wore them to dress up my business casual outfits and for evening dinners out. Comfortable flats?
Persons: I’ve, insoles, they’ve, Allbirds, they’re, she’d Organizations: bros, Acropolis Locations: New York, San Francisco, Athens, Allbirds, Greece, London, Brooklyn
The UK announces $12 entry fee for travelers
  + stars: | 2023-06-10 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +4 min
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —The United States has been charging visitors for electronic travel authorization since 2009, and now the United Kingdom and the European Union are rolling out entry fees, too. Also in our latest CNN Travel roundup, we bring you a double-decker plane seat and bunk beds in the sky. UK to charge travelers for entryVisa waiver schemes have been around for a while.
Persons: it’s, Bunk, all’s, we’ve, James Beard, CNN There’s Organizations: CNN, European Union, CNN Travel, United, ETA, Edinburgh, Eiffel, Coliseum, Acropolis, , CNN CNN Travel, Aircraft, Lufthansa, . Law, Tourists, North Carolina Zoo Locations: United States, United Kingdom, Europe, London, Kingdom, Qatar, Germany, Air, Pacific, Philadelphia, Korea
"What I imagined at 18 is a long way away from what I'm living at 28," the physics student said. "I don't know how we cannot be called a lost generation. "Pension income is a fiscal problem," said Vlassis Missios, an economist at the Greek Centre of Planning and Economic Research. For many young Greeks, finding suitable work is tough. "Even if they can't win the votes of the young people, they don't want to have them as opponents.
The Kunsthistorisches Museum in Vienna has a tiny collection of marbles - just two fragments from the Parthenon's northern frieze. But Greece hopes that with each agreement to return pieces to Athens there will be growing "positive momentum" in talks on returning pieces being kept elsewhere. "I am very hopeful that the talks can move on very quickly and the marbles will be on display in Athens." Dendias said the talks were important in the context of discussions about bigger collections, particularly that the British Museum in London. "The regional government of Sicily in 2022 and Pope Francis in 2023 returned to Greece part of the Parthenon sculptures so this will be the third one and this for us is of huge, huge importance," Dendias said.
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