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Elvis Barukcic | Afp | Getty ImagesSpain's Deoleo, the world's largest olive oil producer, says one of the most challenging moments in the industry's history appears to be drawing to a close, with "liquid gold" prices expected to nearly halve from an all-time high over the coming months. Extra virgin olive oil prices in Spain's Andalusia stood at 6 euros ($6.33) per kilogram as of Nov. 6, according to Expana, an agricultural and food-focused market intelligence firm. Spain accounts for more than 40% of the world's olive oil production, making it a global reference for prices. A person holds a bottle of olive oil on June 21, 2024, in Barcelona, Catalonia, Spain. Deoleo said olive oil prices should fall to around 5 euros per liter, a steep drop from highs of 9 to 10 euros, which had become the norm in Spanish supermarkets this year.
Persons: Elvis Barukcic, Miguel Ángel Guzmán, Guzmán, Carbonell, Deoleo, Kyle Holland, Expana's Holland Organizations: Afp, Getty, CNBC, Europa Press, Anadolu Locations: Bosnian, Herzegovinian, Ljubuski, Capljina, Europe, Spain, Greece, Tunisia, Spain's Andalusia, Barcelona, Catalonia, Turkey, Menemen Plain, Izmir, Turkiye
By contrast, Vice President Kamala Harris's tax plan is expected to increase tax revenues by $1.7 trillion over 10 years, but at a cost of negative 2% to long-run GDP and 786,000 jobs. The Wharton School of the University of Pennsylvania estimates that, including her spending proposals, the primary deficits would increase by $1.2 trillion, and accounting for adverse economic feedback effects, primary deficits increase to $2 trillion. Higher deficits and higher debts, just with different paths to get there. One candidate proposes cutting taxes to improve economic activity but increase deficits, and the other proposes raising taxes and increasing spending by even more and growing deficits. If the deficit keeps increasing faster than our economy grows, so will the debt, inflation, and interest rates.
Persons: We'll, Donald Trump's, Kamala Harris's, Harris, Kamala Harris, Bernie Sanders, Treasuries Organizations: Tax Foundation, Wharton School, University of Pennsylvania, Medicare, Green New Deal, TLT, Treasury Bond ETF, CNBC, NBC UNIVERSAL Locations: United States, Europe
NBC News spoke with a dozen trans people and their families across nine states about their hopes and concerns leading into Election Day. The agenda on his website says he would declare that any clinician who provides transgender care to minors would be terminated from Medicare and Medicaid. Advocates have hailed the Biden-Harris administration as the most pro-LGBTQ in history and have said a potential Harris administration would go even further in protecting gay and trans people. “I look at people that were trans in Trump’s first administration, I said, ‘So, did anything bad happen? She said she ultimately isn’t worried about a second Trump administration.
Persons: Donald Trump, Kamala Harris ’, Harris, Trump, they’ll, Gina Roberts, Roberts, Richard Grenell, ” Gina roberts, wasn’t, ” Roberts, , I’ve, Biden, Ron DeSantis, Emaline, they're, she’s, , Katie Jenifer, Maddie, Jenifer, ” Jenifer, , TC, Christina Nicholson TC Caldwell, ” Caldwell Organizations: Republican, Republican National Convention, NBC, Democratic, Trump, Biden, Rights, Corrections Department, NBC News, The Washington Post, Kaiser Family Foundation, Valley Center Parks, Recreation, Fire Protection, Democrats, Republican Gov, Cloverdale, U.S, White, Pride, TC Caldwell, Orchids Society, The Locations: U.S, Francisco’s, California, New Mexico, Orlando , Florida, Missoula , Montana, Cloverdale, TransVisible Montana, Israel, Gaza, Montana, Austin , Texas, Texas, New Zealand, North Carolina, Germany, Spain, Amsterdam, Malta, Europe, Selma , Alabama, Black
London CNN —Baby Boomers may be expected to live longer than their predecessors, but a recent study has found that they are more likely to suffer from worse health than previous generations. It covered several generations, including the Greatest Generation (born before 1925) and Baby Boomers (born between 1946 and 1959), according to the study. Younger post-war cohorts, like Generation X, are also at risk of worse health than the generation preceding them, Gimeno said. “Generation X were more likely to be obese, have diabetes, and be in poor mental health than Baby Boomers in their 40s,” said Gimeno. The analysis of 135,000 people living in England suggested that although they’re living longer, their lives weren’t necessarily healthier.
Persons: , Laura Gimeno, Boomers, Gimeno, X Organizations: London CNN, University of Oxford and University College London, UCL, Boomers, CNN, Gerontology, Baby Boomers Locations: United States, England, Europe
UK leads resurgence in European office investment
  + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +5 min
Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International
Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany
Greek authorities on Tuesday issued an evacuation alert for the seaside town of Nea Makri in eastern Attica, as firefighters continued to battle a massive blaze burning through the Athens suburbs. Hundreds of European firefighters, backed by fire engines and waterbombing aircraft, have sought to contain the country's worst wildfire this year. The fire began on Sunday roughly 20 miles from Athens, according to Sky News. Strong winds and scorching temperatures have created tinderbox conditions in the southern European country. Authorities in Greece, which experienced Europe's largest wildfire ever recorded last year, have ordered the evacuation of several towns in the north-eastern suburbs of the capital in recent days.
Organizations: Sky News, Authorities Locations: Nea Makri, Attica, Athens, Greece
They had much the same experience on Tuesday as they recaptured their gold medal in dominant fashion. Here are five takeaways as Team USA leaves Bercy Arena in western Paris with another gold medal. The Olympic team gold medal was Biles’ eighth at a Games, more than any other American in history. At 27 years old, with her first gold in these Paris Olympics, Biles is now the oldest American woman ever to win gymnastics gold. The Italian gymnastics team and Team USA celebrated together, sharing a sweet moment hugging one another.
Persons: , Team USA’s, Simone Biles, She’s, Biles, Aly Raisman, medaled, Rebeca Andrade, Brazil’s, Team USA Lee, Abbie Parr, Suni Lee, Lee, ” Biles, ” Lee, we’ve, , ” Jordan Chiles, Chiles, Chiles –, Lee –, Kyle Terada, Jade Carey, ” Chiles, It’s, it’s, Vladimir Putin, Organizations: Bercy, Paris CNN, Team, Sunday, USA, Olympic, Paris Olympics, Team USA, Tokyo, Sports, Reuters, Russian Olympic Committee, Kremlin, Games Locations: Paris, American, Tokyo, Italy, Brazil, Italian, USA, Russia, Ukraine, Russian
CNN —Anti-tourism protests have been sweeping across Europe this summer, with demonstrations taking place in the Netherlands, Greece, and of course, Spain. When anti-tourism protesters started to fire water pistols at visitors in the Barcelona city center on July 6, a moment that gained international attention, Ramirez said he could “feel the resentment” in the air. Frankly, I think it worked,” Ramirez said, reflecting on the ability of the protests to dissuade tourists from visiting the city. Jaime Reina/AFP/Getty ImagesIt’s not just housing issues that have generated a backlash against tourists, Ramirez said, adding that the disrespectful behavior of some has also played a part. Bad tourist behavior has been a problem across other parts of Europe too, including Barcelona, Mallorca, Magaluf and Benidorm, Ramirez said.
Persons: Carlos Ramirez, Ramirez, , It’s, Jaume Collboni, Andrey Rudakov, ” Ramirez, Antje Martins, Eduardo Santander, Martins, , € 2.4million, Marco Bertorello, Luigi Brugnaro, Susanna Polloni, ” Polloni, Collboni, , , Jaime Reina, Bacchus, ” Sebastian Zenker, Zenker Organizations: CNN, Primavera Sound, skyrocketing, , Bloomberg, Barcelona’s City, University of Queensland, , European Travel Commission, Getty, Solidarity Network for Housing, Palma de Mallorca, AFP, Copenhagen Business School Locations: Europe, Netherlands, Greece, Spain, Spanish, Barcelona, Mallorca, Southern Europe, Canary, Magaluf, Barcelona’s, Antje, “ Barcelona, , AFP, Venice, , Sagrada Familia, Palma de, Florence, Italy, Benidorm
A worker, called 'torchers', works in a charcoal production during scorching heat exceeding 40 degrees Celsius in Diyarbakir, Turkiye on July 18, 2024. The world registered its hottest day on record for the second time in just two days, according to the latest data compiled by the European Union's climate monitor. C3S, which has been tracking the daily global mean temperature since 1940, said Sunday's record had already shown "we are now in truly uncharted territory." The EU's climate monitor has warned that new temperature records are inevitable as the planet keeps warming. The fresh all-time high comes as excessive heat has gripped large parts of the U.S., Russia and southern Europe in recent days.
Locations: Diyarbakir, Turkiye, U.S, Russia, Europe
The planet saw its hottest day on record
  + stars: | 2024-07-23 | by ( Angela Fritz | ) edition.cnn.com   time to read: +3 min
CNN —Sunday was the hottest day in recorded history, according to preliminary data from a climate tracking agency monitoring temperatures since the mid-1900s. It’s the second consecutive year average global temperatures have crashed through shocking climate records and will not be the last, as planet-warming fossil fuel pollution drives temperatures to shocking new highs. July 21 clocked in at 17.09 degrees Celsius, or 62.76 Fahrenheit, and was the hottest day on Earth since at least 1940, according to the preliminary data from the European Union’s Copernicus Climate Change Service. Around a hundred cities across the US are experiencing their hottest start to summer on record, and swaths of southern Europe have been grappling with triple-digit temperatures. Global climate records are typically broken by tiny fractions of a degree, as was the case with this one: Sunday’s temperature was just 0.01 degrees Celsius above 2023’s record.
Persons: Sunday’s, , Carlo Buontempo, Copernicus, ” Buontempo, El Organizations: CNN Locations: Europe, Antarctica
Athens CNN —The Acropolis in Greece shut for hours, record-breaking ocean temperatures off Croatia and plans to feed zoo animals popsicles in Italy — southern Europe is baking under a “hellishly hot” heat wave. If you don’t come prepared, you’re going to sweat.”Tourists leave the Acropolis hill in Athens, on July 17, 2024. The site was shut at 12 p.m. for five hours to keep visitors out of the heat. Nikolas Kokovlis/NurPhoto/Getty ImagesThe heat has come largely from hot air blowing in from Africa, which meteorologists forecast will continue through Sunday. The brutal heat wave hitting southern Europe has so far spared Paris, which is set to host the Olympics later this month.
Persons: , Toby Dunlap, Nikolas Kokovlis, Carmen Díaz, , Patrizia Valerio, goer Mattia Rossi, ” Rossi Organizations: Athens CNN, Culture Ministry, Cross, Tourists, Aris Oikonomou, Getty Locations: Athens, Greece, Croatia, Italy, Europe, Pennsylvania, AFP, Africa, Basilicata, Palermo, Sicily, Verona, Rome, Madrid, Varese, Balkans, Dubrovnik, Serbia, Albania, Neighboring, Macedonia, Montenegro, Romania, Turkey, Paris
CNN —Officials in southern Italy have broken up an alleged racket selling fake olive oil, confiscating 42 tons of the extra virgin variety worth almost $1 million. Authorities confiscated 71 tons of what was referred to as an “oily substance” in plastic tanks, as well as 623 liters of chlorophyll, a component of extra virgin olive oil that was being added to oil of a lesser value. The investigation started in September with the arrest of 11 people in Italy and Spain and the confiscation of 12 barrels containing 260,000 liters of adulterated, or non-virgin or extra olive oil. Incidents of falsified extra virgin olive oil have increased in recent years, due to both the popularity of the Mediterranean diet and the effects of climate change, which has greatly reduced production in southern Europe due to devastating droughts, according to the International Olive Council. In January, officials carried out raids at 50 restaurants in Rome and found seed oil being passed off as extra virgin olive oil.
Organizations: CNN, Carabinieri, Authorities, International Olive Council Locations: Italy, Puglia, Spain, Europe, Rome
Then came the heat wave. But it is also a lifeline against increasingly brutal heat, the deadliest type of extreme weather. It allows people to live in places where temperatures push close to the limits of survivability and where extreme heat persists even at night. And many electrical grids are being pushed to a breaking point due to increasingly frequent extreme weather and soaring demand for cooling. Heat can affect vital organs and cause heat exhaustion, heat stroke and even death.
Persons: Ida, , Jen Brady, Michael Webber, Webber, Brian Stone Jr, Hurricane Ida, Leah Millis, ” Webber, ” Stone, Stone, Kate Gallego, ” Gallego, it’s, Mario Tama, Central’s Brady, , Ian, Organizations: CNN, Climate Central, Climate, University of Texas, Georgia Institute of Technology, , Service, Authorities, Arizona Public Service, Babcock Locations: Louisiana, New Orleans, Austin, California, Pacific Northwest, Europe, Albania, Bosnia, Croatia, Montenegro, New Orleans , Louisiana, Hurricane, Atlanta, Detroit, Phoenix, Phoenix , Arizona, Florida
A church in Anafiotika neighborhood, a part of the old historical neighborhood called Plaka, in Athens, Greece on March 16th, 2024. Greece has controversially introduced a six-day working week for some businesses in a bid to boost productivity and employment in the southern European country. The regulation, which came into force on July 1, bucks a global trend of companies exploring a shorter working week. The change means a traditional 40-hour workweek could be extended to 48 hours per week for some businesses. Food service and tourism workers are not included in the six-day working week initiative.
Persons: Kyriakos Mitsotakis Organizations: Labor, CNBC Locations: Anafiotika, Athens, Greece, London
CNN —Growing up in Texas, Mary Beth Walsh thought she was accustomed to high temperatures. Her hometown of Dallas, which is currently being blasted by unrelenting heat, frequently experiences heat waves. “I always joke around that I have such a high heat tolerance; I bring my sweatshirt with me to class in August (in the US),” she said. Hiking in high temperatures has been a common thread linking recent deaths in the country. Amer Ghazzal/ShutterstockExtreme heat is one consequence of climate change impacting tourist hot spots across Europe.
Persons: Mary Beth Walsh, , , Michael Mosley, we’ve, ” Roo Clark, Stefanos Sidiropoulos, Sidiropoulos, acclimatize, Guglielmo Mangiapane, ” Eduardo Santander, , Amer Ghazzal, Clark, ” Clark, Andrea Ammon, ECDC, Hilary Swift, ” Rebecca Carter, Carter Organizations: CNN, Dallas, , ” Authorities, Tourism Council, Reuters, European Travel Commission, ETC, Santander, European Centre for Disease Prevention, Authorities, Bloomberg, Getty, World Resources Institute Locations: Texas, Athens, Europe, Greece, British, Suffolk, England, Skyros, Canada, Hellas, Italy, Rome, Perugia, Palermo, Rhodes, Czech Republic, Bulgaria, Denmark, Portugal, Spain, Spain’s Seville
Discounted Russian gas is hitting European markets, the Center for European Policy Analysis said. AdvertisementRussia has unleashed discounted gas onto European markets, working to keep countries hooked on its energy supply, the Center for European Policy Analysis said. Although the Ukrainian route has continued supplying Western markets through the war, its January expiration would likely be enough to risk a Gazprom bankruptcy. Slovakia, Hungary, and Austria are among examples CEPA cited as customers for Russian gas. AdvertisementAlready, Southern European traders are profiting by buying cheap Russian gas pumped through a Turkish pipeline and then selling it at a premium in Western European markets, she suggested.
Persons: , It's, Aura Sabadus, CEPA, Sabadus Organizations: Center for, Kremlin, Service, Ukraine —, Moscow, Gazprom Locations: Ukraine, Russia, Ukrainian, Eastern, Slovakia, Hungary, Austria, Gazprom's, Southern, Turkish, Poland
CNN —You’ve heard of houses on sale in southern Europe for the price of a cup of coffee. It’s located on the shores of Lake Vänern, not only Sweden’s largest lake but also the biggest in Scandinavia and the entire EU, at around 10 times the size of Lake Constance. It’s also home to two UNESCO-rated sites: the Platåbergens Geopark and Lake Vänern Archipelago and Mount Kinnekulle Biosphere. Cheap houses on the horizonHällekis, on Lake Vänern, is a village of just 800 inhabitants near the main town. Götene kommunThe Götene fire sale doesn’t end with these 30 plots.
Persons: CNN — You’ve, It’s, Götene, Johan Månsson, , ” We’re, ” Månsson, it’s, Månsson, we’ve, We’re, it’s ”, we’d, , “ We’ve, ” There’s Organizations: CNN, UNESCO, UNESCO geopark, Visa Locations: Europe, Stockholm, Sweden, Lake Vänern, Scandinavia, EU, Lake Constance, Russia, Vänern Archipelago, Kinnekulle, Archipelago, , Götene, Italy
Does off-season travel exist anymore?
  + stars: | 2024-06-20 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +8 min
Then, you can plot a graph to see which months are higher and lower than that total to determine when the peak season is. “In Thailand, low season typically spans from April to September with April and May being really hot,” says Ponti. “During this low season the tourist volumes each month constitute more than 7% of the annual total. Angelos Tzortzinis/dpa/picture alliance/Getty ImagesArguably the biggest single factor affecting what we know as “peak season” travel is weather. “For me, the challenge is about finding the joy in those low seasons, finding those nuggets of gold.”
Persons: , Olivier Ponti, Ponti, Angelos Tzortzinis, Ged Brown, Mikey Sadowski, there’s, we’re, Sadowski, David Silverman, it’s, ForwardKeys ’ Ponti, Ann Woodward, , Woodward, , I’ve, , Brown, haven’t, ” Brown Organizations: CNN, United Nations, European Travel Commission, Intrepid, Travelers Locations: Italy, Hong Kong, Amsterdam, Japan, Canary, Spain, Thailand, Hawaii, Maldives, , , Athens, Greece, Europe, Denmark, Sweden, Nepal, Mexico, New York
Israel-Hamas war: Why Hezbollah is threatening Cyprus
  + stars: | 2024-06-20 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +9 min
While experts say war between Israel and Hezbollah remains unlikely, the very mention of Cyprus adds a new dimension to the Israel-Hamas conflict in Gaza. Stavros Ioannides/PIO/ReutersWhat has Cyprus’ role been in the Gaza war? Cyprus has been keen to dispel any suggestions that it is implicated in the Gaza war, noting its humanitarian efforts that helped bring some aid into Gaza. It would mean that an EU country is, for the first time, directly involved in an expanded Gaza war. “The US also does not want to find itself in another Middle East quagmire, especially with presidential elections looming.”
Persons: Hassan Nasrallah, , Nikos Christodoulides, ” Peter Stano, Abdallah Bou Habib, Constantinos Kombos, Lebanon’s, Israel, , Eli Cohen, Stavros Ioannides, PIO, Christodoulides, Yiannis Kourtoglou, ” Mohammad Ali Shabani, Amwaj.media, ” Lina Khatib, ” Khatib, Biden Organizations: CNN, Lebanese, European Union, EU, United Nations, Lebanon’s, Cypriot, Israel, The, NATO, Israel Defense Forces, IDF, Reuters, Spanish, North Africa, Chatham House Locations: Cyprus, Israel, “ Cyprus, Iran, Lebanon, EU, Greece, Gaza, East, Europe, European, Delaware, Republic of Cyprus, Turkish, Turkish Republic of Northern Cyprus, Turkey, The Republic of Cyprus, Nicosia, Tel Aviv, Larnaca, , UAE, Russian, Syria, London, Haifa,
An island in the Eastern Mediterranean located on a geopolitical fault line between the Middle East and southern Europe, Cyprus is geographically much closer to the conflicts in the Middle East than it is to European power centers. The island has previously been caught in the crossfire of regional conflicts, a reminder of its proximity to the volatile Middle East. It would mean that an EU country is, for the first time, directly involved in an expanded Gaza war. “It is normal for both Israel and Hezbollah to have military plans in place for handling a potential escalation. “The US also does not want to find itself in another Middle East quagmire, especially with presidential elections looming.”
Persons: Hassan Nasrallah, , Nikos Christodoulides, Israel, Constantinos Kombos, Eli Cohen, Stavros Ioannides, PIO, Christodoulides, , Yiannis Kourtoglou, ” Mohammad Ali Shabani, Amwaj.media, ” Lina Khatib, ” Khatib, Biden Organizations: CNN, Lebanese, Union, Israel, The, NATO, Israel Defense Forces, IDF, Cypriot, Reuters, Spanish, European Union, North Africa, Chatham House Locations: Cyprus, Israel, “ Cyprus, Iran, Lebanon, Gaza, East, Europe, European, Delaware, Republic of Cyprus, Turkish, Turkish Republic of Northern Cyprus, Greece, Turkey, The Republic of Cyprus, Nicosia, Tel Aviv, Larnaca, , EU, UAE, Russian, Syria, London, Haifa,
After the multi-Grammy-winning superstar announced the European leg of The Eras Tour in mid-2023, they started saving, knowing that they had to "travel for Taylor." Corrie (left), KJ (center), and Callie (right) traveled from Gibraltar to Edinburgh to see The Eras Tour. AdvertisementThey estimated that the total cost for their weeklong trip, accommodation, and Eras Tour tickets was just over $2,500 each. Taylor Swift kicked off her 15-stop UK tour at Murrayfield Stadium in Edinburgh, Scotland on June 7, 2024. AdvertisementAs KJ had said at the start of the day, seeing The Eras Tour isn't "just about the show and the music.
Persons: , Callie, Corrie, Taylor Swift, Swift, Taylor, Eve Crosbie, I'm, marveling, concertgoer, Amira, she's, Leah, Simone, Gareth Cattermole, Expedia, Daniel Finch, haven't, It's, Wilde Aparthotel, Ava, Wilde, Marc Crothall, Mimi's, Mariola, We've, Pie, Erin, KJ Organizations: Service, Business, Murrayfield, Edinburgh, Barclays, QuestionPro, Edinburgh's, Management, Associated Press, Blockbuster, Expedia Brands, Scottish Tourism Alliance, NFL, Swift's Murrayfield, Sky Locations: Edinburgh, Gibraltar, Europe, Liverpool, Cardiff, London, Italy, Minneapolis, Scotland, Paris, England, North America, South America, Australia, Southeast Asia, Leith
It was spring, and I wanted to do something spontaneous, so I asked her to cut my long hair. I had moved to Kosovo, where every decision had to be approved by my husband. My husband doesn't care what I do with my hair as long as I keep it out of his food. To this day, I regret not going, but I trust that my husband understands his culture better than I do. Adjusting hasn't always been easy, but after three years, I have grown to accept and feel comfortable in this culture.
Persons: me, , wouldn't Organizations: Service, Hollywood Locations: America, Kosovo, Europe
How long a person lives mostly comes down to their genes, life circumstances, and things we can't predict, van Raalte said. AdvertisementHowever, van Raalte said, there are certain things you can do to maximize your chances of living to 100. Don't smokeNot smoking is the only lifestyle factor proven to help you live longer, van Raalte said. Exercise"You need to do some kind of exercise," van Raalte said. Keep your mind activeAs well as staying physically fit, an active mind is also important for longevity, van Raalte said.
Persons: , Alyson van Raalte, Max Planck, It's, van Raalte, Heidi Tissenbaum, Gerontologist, Rose Anne Kenny Organizations: Service, Max, for Demographic Research, Business, US Centers for Disease Control, Brigade, Getty Images Research Locations: Germany, Costa Rica, Okinawa, Japan, Asia, Western Europe, Europe
Here It Comes: Another Hot Summer in Europe
  + stars: | 2024-05-24 | by ( Ceylan Yeğinsu | ) www.nytimes.com   time to read: +1 min
Europe, the world’s fastest-warming continent, is headed for another scorching summer, meteorologists warn. And travelers, once again, are heading to the hot spots. Last year, large parts of southern Europe experienced prolonged periods of extreme heat with temperatures reaching 118 degrees and lasting up to two weeks or more. The sweltering conditions upended vacations throughout the summer season as visitors collapsed from heat exhaustion at crowded tourist sites, and wildfires led to evacuations in Greece, Italy and Spain. “Our computer models are in good agreement that it’s going to be another unusually hot summer, especially during late July through August,” said Todd Crawford, vice president of meteorology at Atmospheric G2, a weather and climate intelligence firm based in Manchester, N.H.
Persons: , Todd Crawford Organizations: World Meteorological Organization, Service Locations: Europe, Greece, Italy, Spain, Manchester, N.H, Croatia
This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.
Persons: , They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France
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