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☆ Climate change and El Niño have left parts of South America sweltering under a heat wave -- in the middle of winter
▼ + stars: | 2023-08-04 | by ( Sophie Tanno | ) edition.cnn.com time to read: +5 min

CNN —Parts of South America are sweltering under abnormally hot temperatures – despite being in the depths of winter – as the combination of human-caused climate change and the arrival of El Niño feed into extreme winter heat. “This temperature is the highest recorded in this period in all of Chile,” a spokesperson for the Meteorological Directorate of Chile told CNN. Ivan Alvarado/ReutersIn Argentina, some places reached highs of 38 degrees Celsius (100.4), according to the country’s national meteorological service. This smashed the previous record for that day of 24.6 degrees Celsius (76.3 Fahrenheit) set in 1942. For comparison, New Orleans’ average high the first week of February is also 18 degrees Celsius, and the city has never been above 28.3 degrees Celsius in the first week of February.

Persons: Maximiliano Herrera, ” Herrara, ”, Maisa Rojas, Hace, Ayer, 🥵🌎, jcHZq7vL — Organizations: CNN, Northern Locations: South America, Chile, Argentina, America, Southern

☆ Oceans temperatures soared to the highest level on record this week
▼ + stars: | 2023-08-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

But what’s clear, she said, is “that current sea surface temperatures are exceptionally and unseasonably warm” and bringing wide-ranging implications, “especially for complex ecosystems such as coral reefs.”Gregory C. Johnson, an oceanographer at NOAA, said sea surface temperatures have soared this year. Surface temperatures tend to remain high from August through to September before starting to decline, said Johnson. “There’s still room to have warmer sea surface temperatures” this year. In the Florida Keys, a marine heat wave has pushed ocean temperatures to record-breaking, “hot tub” levels, leaving multiple coral reefs now completely bleached or dead. Some scientists are concerned that the ocean temperature records set this year could mark the start of an alarming trend for ocean heat.

Persons: El Niño, Kaitlin Naughten, Copernicus, ”, Gregory C, Johnson, “ There’s, –, Samantha Burgess, “ We’ve, ” Johnson Organizations: CNN, Antarctic Survey, Oceanic, NOAA, North Atlantic, Ireland Locations: Florida, North, North Atlantic

☆ South American countries gripped by record-breaking heat — in the middle of winter
▼ + stars: | 2023-08-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

South American countries, such as Chile and Argentina, set heat records in the middle of the southern winter due to a combination of the El Niño phenomenon and climate change. An unprecedented winter heatwave is sweeping across a large chunk of South America, with temperatures forecast to exceed 40 degrees Celsius (104 Fahrenheit) in southwestern Brazil in the coming days. Scientists say the winter heat is being fueled by the climate emergency and the El Niño phenomenon. Temperatures are typically around 15 degrees Celsius in Buenos Aires at this time of year, and have not exceeded 30 degrees Celsius in winter since 2014. The southern part of the continent has suffered the worst of the winter heat in recent days, with temperatures expected to remain at abnormally high levels in early August.

Persons: Niño, Climatologist Maximiliano Herrera, " Herrera Organizations: Twitter Locations: Santiago, Chile, Argentina, South America, Brazil, Paraguay, Buenos Aires

☆ India rice export ban, explained
▼ + stars: | 2023-08-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

But for importers and loyal consumers of Indian-grown non-basmati varieties, the ban has been disruptive, including in the United States. Internationally, the ban is causing an upheaval in the market and could especially impact places that rely on Indian rice exports. “So we’re looking to have a really healthy, robust US rice crop.”The United States primarily imports specialty and fragrant rice, he said, like arborio rice used to make risotto; jasmine rice; basmati rice and other varieties. “We are completely dependent on non-basmati rice,” said Kiran Kumar Pola, director of Deccan Foods, an importer and distributor of non-basmati Indian rice that operates out of Arizona. “We at India Bazaar understand the concerns raised in light of the recent ban on Indian Non-Basmati Raw Rice,” the post reads.

Persons: We’ve, USA Rice, what’s, “, ”, Tanner Ehmke, Anupam Nath, Ehmke, Joseph Glauber, it’s, Glauber, El Niño, “ There’s, Peter Bachmann, Charles Hart, ” Rice, Rory Doyle, Kiran Kumar Pola, Sona Masoori, Kerala Matta, Rice Organizations: New, New York CNN, ” USA Rice Federation, ”, International Food Policy Research, International Food Policy Research Institute, USA Rice Federation, BMI, Bloomberg, Deccan Foods, Facebook Locations: New York, United States, USA, India, CoBank, Asia, ” India, Guwahati, Philippines, Malaysia, Vietnam, Southeast Asia, Nigeria, Ivory Coast, Senegal, West Africa, Pakistan, South Asia, California, Pace , Mississippi, Arizona, Kerala, South India, Pola, Dallas

☆ What This Year’s ‘Astonishing’ Ocean Heat Means for the Planet
▼ + stars: | 2023-08-03 | by ( Elena Shao | ) www.nytimes.com time to read: +7 min

Sea Surface Temperature Anomaly on July 31, 2023 –6°F 0° +6° +9° Atlantic Ocean Pacific Ocean Pacific Ocean Indian Ocean Sea Surface Temperature Anomaly on July 31, 2023 –6°F 0° +6° +9°What This Year’s ‘Astonishing’ Ocean Heat Means for the PlanetBrutal heat waves have baked the world this summer and they haven’t been contained to land. Note: Average sea surface temperatures for ocean areas between 60 degrees north and 60 degrees south latitude are shown. The planet’s average sea surface temperature spiked to a record high in April and the ocean has remained exceptionally warm ever since. Some have suggested that international rules aimed at reducing air pollution from maritime shipping could have inadvertently increased ocean warming. Warmer ocean temperatures also provide more fodder for tropical cyclones and atmospheric river storms.

Persons: Jan, ”, Gregory Johnson, El, Michelle L’Heureux, Zeke Hausfather, Hausfather, El Niño, von Schuckmann, Dr, Johnson Organizations: Mar, University of Maine, National Oceanic, Atmospheric Administration, Lawrence Livermore National Laboratory Locations: Atlantic, Florida, Berkeley, Tonga

☆ Winter heat wave in Chile offers 'window' to warmer world
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

SANTIAGO, Aug 3 (Reuters) - A winter heat wave bringing historically high temperatures to Chile is a "window" to an increasingly warm future, according to scientists. "Having temperatures of 37 degrees (99 degrees Fahrenheit) in the middle of southern winter is extraordinary," said Raul Cordero, a climatologist at the University of Santiago. He added that while it's often hard to establish a connection between extreme weather events and climate change, temperatures in parts of Chile have been breaking records year after year. "Winter high-temperature events do affect the spring flow rate that can be expected from melt," Jacques said. According to the latest service reports, high temperatures in the north and center of the country will last all week.

Persons: SANTIAGO, Martin Jacques, Raul Cordero, Jacques, El Nino, Jorge Vega, Natalia Ramos, Alexander Villegas Organizations: Southern, Chile's University of Concepcion, University of Santiago, Thomson Locations: Chile

Indian rice stocks, including unmilled husk varieties at state warehouses, totalled 37.6 million metric tons on Aug 1, the sources told Reuters. Stocks held as of Aug 1 include 24.6 million metric tons of rice and 13 million metric tons of the unmilled variety, the sources said. State-run warehouses must have 13.5 million metric tons of rice, including strategic reserves of 2 million metric tons for the quarter beginning July 1, according to local government rules. FCI bought 84.6 million metric tons of rice paddy from domestic farmers during the 2022-23 marketing year, yielding around 57 million metric tons of rice. Indian farmers harvested a record 135.5 million metric tons of rice in 2022-23, according to the Ministry of Agriculture & Farmers Welfare.

Persons: Rajendra, Stocks, Krishna Rao, Rao, Mayank Bhardwaj, Rajendra Jadhav, Alexander Smith Organizations: REUTERS, Reuters, Food Corporation of India, FCI, Ministry of Agriculture & Farmers Welfare, El, Rice, Association, Thomson Locations: Kakinada Anchorage, Andhra Pradesh, India, DELHI, MUMBAI, Delhi, B.V

☆ India's rice export ban to hurt millions globally. These countries will be the worst hit
▼ + stars: | 2023-08-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

20 Xinhua News Agency | Xinhua News Agency | Getty ImagesIndia's rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt. The scale of people impacted by Indian rice ban will be in millions. Other affected regionsAsia is not the only region hit by India's rice export ban, many African and Middle East nations are also vulnerable. That means up to 40% of India's rice exports are now offline, according to BMI forecasts. India's rice export ban is expected to ripple across global rice markets.

Persons: Mohanty, Samarendu Mohanty, Narendra Modi Organizations: Xinhua News Agency, Getty, Barclays, El Nino, BMI, Fitch Solutions, Workers, International Potato Center, CIP Locations: Nagaon district, India's, Assam, India, Malaysia, Asia, Singapore, Thailand, Pakistan, Vietnam, Philippines, Saharan Africa, East, North Africa, Djibouti, Liberia, Qatar, Gambia, Kuwait, Cambodia, Indonesia, Bangladesh, Nepal

☆ Great Barrier Reef stays off UNESCO ‘in danger’ list but hot El Niño summer looms
▼ + stars: | 2023-08-01 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

“A lot of climate scientists are shocked by the fact that it wasn’t put on the list,” Kimberley Reid from the ARC Centre of Excellence for Climate Extremes and Monash University told CNN. Covering nearly 133,000 square miles (345,000 square kilometers), the Great Barrier Reef is home to more than 1,500 species of fish and 411 species of hard corals. Environment minister Tanya Plibersek told reporters Tuesday she made no apology for lobbying UNESCO to keep the Great Barrier Reef off the “in danger” list. Bleaching events and global warming have done significant damage to the Great Barrier Reef. Tourists, divers and marine biologists enter and exit the waters of the Great Barrier Reef on August 10, 2022 on Hastings Reef, Australia.

Persons: El, wasn’t, Kimberley Reid, I’m, ”, Reid, Tanya Plibersek, Michael Robinson Chavez, ” Plibersek, that’s, Terry Hughes, El Niño, ” Hughes, David Booth, government’s, “ Will, Booth, Jodie Rummer, “ That’s Organizations: Australia CNN —, UNESCO World Heritage, ARC Centre, Excellence, Extremes, Monash University, CNN, “, Heritage, UNESCO, Labor, Washington Post, Coral Reef, James Cook University, Australian, of Meteorology, Oceanic Atmospheric Administration, World Meteorological Organization, UTS, Reef Society, Federal Government Locations: Brisbane, Australia, Paris, Hastings Reef

☆ Peru economy shrinks for two straight quarters, minister denies recession
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Aug 1 (Reuters) - Peru's finance minister said on Tuesday that preliminary data showed the country's economy shrank in June, marking two consecutive quarters of contraction, which is a common definition for a recession. Finance Minister Alex Contreras told reporters he expects economic growth to return in July after preliminary data showed that the economy shrank by about 1% in June. That followed official data showing that the South American country's economy contracted by 0.43% in the first quarter. Despite the data, Contreras asserted that the economy is not in recession while heaping blame on "obsessed" analysts who root against the government for any suggestion to the contrary. "The economy isn't in a recession and it hasn't entered into a recession," said Contreras, adding that economic recessions typically involve "prolonged periods" of downturn, though he did not provide a specific definition.

Persons: Alex Contreras, Contreras, hasn't, jailing, Pedro Castillo, Dina Boluarte, David Alire Garcia, Alexander Villegas, Sandra Maler Organizations: Thomson Locations: Nino

☆ India's rice planting gathers pace as monsoon rains revive
▼ + stars: | 2023-07-29 | by ( Mayank Bhardwaj | ) www.reuters.com time to read: +2 min

Higher rice planting in India, the world's second biggest producer of the grain, will ease concerns about the lower output of the staple. Farmers typically start planting rice, corn, cotton, soybeans, sugarcane and peanuts, among other crops, from June 1, when monsoon rains are expected to begin drenching India. India received 10% below normal rains in June, but in some states, the rainfall deficit was as much as 60% below average. This year, the delayed arrival of monsoon rains and lower rainfall in some southern, eastern and central states held back the planting of summer crops even as the monsoon covered the entire country nearly a week in advance. Some regions in India, including breadbasket states such as Punjab and Haryana, have received torrential rains in July, triggering floods.

Persons: Mayank Bhardwaj, Lincoln Organizations: India Meteorological Department, El, Farmers, Thomson Locations: DELHI, India, Farmers, drenching India, Punjab, Haryana

☆ Philippines seeks rice supply boost, may look to India
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +2 min

"I'm thinking about the national supply for rice," Marcos told officials in the northern province of Cagayan, where he went to assess the damage from Typhoon Doksuri. "Everybody is preparing for El Nino, all of Southeast Asia. " The Philippines, one of the world's biggest rice importers, traditionally buys the staple grain mainly from its neighbour Vietnam. India last week banned exports of non-basmati white rice - its largest rice export category - to ease domestic prices that climbed after rains caused significant crop damage. "That's why I'm getting nervous over possible spikes in (local) prices even if we import."

Persons: Marcos, Ferdinand Marcos Jr, Doksuri, Enrico Dela Cruz, Mayank Bhardwaj, William Mallard Organizations: El Nino, El, Thomson Locations: Vietnam, Philippines, MANILA, Philippine, India, El Nino, Cagayan, Southeast Asia, New Delhi, Thailand, Ukraine

☆ Turkey earthquake contributed to $43 billion in first-half insurance losses, Munich Re says
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 27 (Reuters) - A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re (MUVGn.DE) said in a report released on Thursday. The figure is slightly lower than the $47 billion in insured losses incurred in the first half of 2022, but higher than the 10-year average of $34 billion, according to Munich Re, the world's largest reinsurer. Including uninsured losses, the figure came to $110 billion in the first half of the year - also significantly above the 10-year average. The earthquake in Turkey and Syria, in which some 58,000 people were killed, was the largest contributor to insured and uninsured losses incurred in the first half of 2023 at $40 billion. A series of severe thunderstorms in the U.S. brought destructive tornadoes and hailstorms that resulted in $35 billion in insured and uninsured losses, according to Munich Re.

Persons: Rauch, Alexander Huebner, Friederike Heine, Rachel More Organizations: Munich Re, El, Thomson Locations: BERLIN, Turkey, Syria, United States, Munich, U.S

☆ Barclays says hot seas will lead to a severe hurricane season and names one stock to benefit
▼ + stars: | 2023-07-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

As oceans warm, Barclays now anticipates a worse-than-expected hurricane season — and sees one stock that could be a good investment by the shift in outlook. Despite early expectations for a mild hurricane season given the El Niño weather pattern , Barclays analyst Craig Rye said the season should now be more severe than previously anticipated in both the Atlantic and Pacific Oceans. Beyond the human and economic costs of severe hurricane seasons, however, Rye said property and casualty insurance data provider Verisk Analytics could benefit from a more severe season as a result of higher claims. VRSK YTD mountain Verisk's 2023 It's already been a strong year for Verisk stock, with shares up more than 34% since 2023 began and reaching new all-time highs twice in July. Elsewhere, Rye noted reinsurers tend to outperform in hurricane season with little impact from the actual strength of that season.

Persons: Craig Rye, Rye, Verisk's, Tracy Benguigui, It's, — CNBC's Michael Bloom Organizations: Barclays, Atlantic, Colorado State University, CSU, Cyclone Energy, Munich Re Locations: Florida, Manatee Bay , Florida, Florida , Texas, Louisiana, Rye, California, Munich, Lancashire

REUTERS/Guglielmo Mangiapane/File PhotoSummaryCompanies Breaks previous record set in July 2019, by 0.2CHeatwaves searing Europe, North America and ChinaEarth may not have been this hot in 120,000 years - studyJuly 27 (Reuters) - July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world's hottest month on record. Short of a mini-Ice Age over the next days, July 2023 will shatter records across the board," Guterres said in New York. It is statistically robust," said Piers Forster, a climate scientist at Leeds University in Britain. July is traditionally the hottest month of the year, and the EU said it did not project August would surpass the record set this month. However, scientists expect 2023 or 2024 will end up as the hottest year in the record books, surpassing 2016.

Persons: Guglielmo Mangiapane, 0.2C, António Guterres, Guterres, Karsten Haustein, Michael Mann, Haustein, Piers Forster, Friederike Otto, El Nino, “, Gloria Dickie, Ali Withers, David Stanway, Mark Heinrich, Alison Williams Organizations: REUTERS, Meteorological Organization, WMO, Germany's Leipzig University, University of Pennsylvania, Southern, Leeds University, Grantham Institute, El Nino, El, Thomson Locations: Italy, Rome, Europe, North America, China, New York, Rhodes, U.S, Leipzig, Britain, U.S ., California, France, Spain, Germany, Poland, Sicily, Florida, Australia, South Korea, Japan, India, Pakistan, London, Pacific, EU, London , Ontario, Copenhagen, Singapore

☆ This Looks Like Earth’s Warmest Month. Hotter Ones Appear to Be in Store.
▼ + stars: | 2023-07-27 | by ( Raymond Zhong | More About Raymond Zhong | ) www.nytimes.com time to read: +1 min

Weeks of scorching summer heat in North America, Europe, Asia and elsewhere are putting July on track to be Earth’s warmest month on record, the European Union climate monitor said on Thursday, the latest milestone in what is emerging as an extraordinary year for global temperatures. Last month, the planet experienced its hottest June since records began in 1850. July 6 was its hottest day. And the odds are rising that 2023 will end up displacing 2016 as the hottest year. At the moment, the eight warmest years on the books are the past eight.

Persons: ” Petteri Taalas, El Niño Organizations: World Meteorological Organization Locations: North America, Europe, Asia, European

☆ July 2023 is planet's hottest month on record, Copernicus reports
▼ + stars: | 2023-07-27 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

We have just lived through the hottest three-week-period on record – and almost certainly in more than a hundred thousand years. “These are the hottest temperatures in human history,” said Samantha Burgess, deputy director at Copernicus. Remo Casilli/ReutersThe news that July will be the hottest month comes amid a slew of alarming records that have already been broken – and then broken again – this summer. Last month was the hottest June on record by a “substantial margin,” according to Copernicus. On July 6, the global average temperature rose to 17.08 degrees Celsius (62.74 Fahrenheit), according to Copernicus data, beating the previous temperature record of 16.8 degrees Celsius (62.24 Fahrenheit) set in August 2016.

Persons: Copernicus, ”, Samantha Burgess, Ronda Churchill, Carlo Buontempo, it’s, Burgess, El, Remo Casilli, we’ve, Fethi Belaid, Kim Cobb, ” Petteri Taalas Organizations: CNN, World Meteorological Organization, Visitor, Popolo, Getty, Brown University, WMO Locations: , California, AFP, Asia, US, China, Europe, Rome, Melloula, Tunisia

☆ July is set to be the hottest month on record
▼ + stars: | 2023-07-27 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

Photo: Christoph Reichwein/dpaJuly is set to be the hottest month on record. The first three weeks of July have been the hottest three-week period on record, according to a joint statement published by the Copernicus Climate Change Service and the World Meteorological Organization. This month's record-breaking heat surpasses July 2019, the previous hottest month, and comes on the heels of June setting the record for the hottest June ever. Anthropogenic emissions are ultimately the main driver of these rising temperatures," Carlo Buontempo, director of the Copernicus Climate Change Service, said in a statement published alongside the announcement. This month has included heat waves that have baked much of North America, Asia and Europe, and wildfires that are ravaging Canada and Greece, Copernicus and the WMO said.

Persons: Christoph Reichwein, Copernicus, It's, Carlo Buontempo, El, Taalas Organizations: World Meteorological Organization, United, El, WMO, El Nino Locations: Greece, Gennadi, Rhodes, Corfu, North America, Asia, Europe, Canada

☆ Record Heat Hits the Northeast
▼ + stars: | 2023-07-27 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

As dangerous heat spread to the most populous region in the U.S. today, spiking temperatures and a blanket of oppressive humidity prompted heat warnings in New England and the Mid-Atlantic states. July is on track to be the Earth’s hottest month on record. The sweltering weather has already made work dangerous for many people. Leisure time is also under pressure as camps have canceled outdoor activities and vacation plans are scrapped. After this summer’s heat wave ebbs, even hotter temperatures could lie ahead.

Organizations: New York Times, National Weather Service, Census Locations: U.S, New England

☆ Climate change role in July heatwaves 'overwhelming', scientists say
▼ + stars: | 2023-07-25 | by ( David Stanway | ) www.reuters.com time to read: +3 min

REUTERS/Guglielmo... Read moreSINGAPORE, July 25 (Reuters) - Human-induced climate change has played an "absolutely overwhelming" role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by scientists published on Tuesday. Without human-induced climate change, the events this month would have been "extremely rare", according to a study by World Weather Attribution, a global team of scientists that examines the role played by climate change in extreme weather. "European and North American temperatures would have been virtually impossible without the effects of climate change," said Izidine Pinto of the Royal Netherlands Meteorological Institute, one of the study's authors, during a briefing with journalists. They also drove up the North American heatwave by 2C and the one in China by 1C. "The events we have looked at are not rare in today's climate," said Friederike Otto, a scientist with the Grantham Institute for Climate Change in London, speaking at the briefing.

Persons: Roberto Klarich, Guglielmo, Izidine Pinto, El Nino, Friederike Otto, It's, David Stanway, Miral Organizations: REUTERS, Read, Royal Netherlands Meteorological Institute, Grantham Institute, Thomson Locations: Canada, Italy, Rome, SINGAPORE, North America, Europe, China, United States, Rhodes, London

☆ Heat waves in US and Europe would have been ‘virtually impossible’ without climate change, new report finds
▼ + stars: | 2023-07-25 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The “heat hell” searing parts of the United States and southern Europe would have been “virtually impossible” without climate change, while climate change made China’s heat wave at least 50 times more likely, according to a rapid attribution analysis from the World Weather Attribution initiative. They found that “the role of climate change is absolutely overwhelming,” said Friederike Otto, a senior lecturer in climate science at the Grantham Institute for Climate Change and the Environment at Imperial College London. The scientists found that climate change not only drastically increased the likelihood of these heat waves happening, but it is also making them hotter. Planet-heating pollution made Europe’s heat wave 2.5 degrees Celsius hotter, the North American heat wave 2 degrees Celsius hotter and China’s heatwave 1 degree Celsius hotter, according to the report. More than 61,000 people died of heat-related deaths during Europe’s record-breaking heat wave last year, according to a recent study.

Persons: Greg Baker, ”, Friederike Otto, Otto, Lefty Damian, ” Otto, Richard Allan Organizations: CNN, Northern Hemisphere, WWA, Getty, Grantham Institute, Climate, Environment, Imperial College London, Anadolu Agency, University of Reading Locations: United States, Europe, Death, Phoenix, China, Spain, Italy, Beijing, AFP, Mexico, Southern Europe, Greece's Rhodes, Greece

☆ IMF edges 2023 global economic growth forecast higher, sees persistent challenges
▼ + stars: | 2023-07-25 | by ( Andrea Shalal | ) www.reuters.com time to read: +7 min

REUTERS/Ken Cedeno/File PhotoWASHINGTON, July 25 (Reuters) - The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening the medium-term outlook. The 2023-2024 growth forecast remains weak by historical standards, well below the annual average of 3.8% seen in 2000-2019, largely due to weaker manufacturing in advanced economies, and it could stay at that level for years. This was also related to the aging of the global population, especially in countries like China, Germany and Japan, he said. The impact of higher interest rates was especially evident in poorer countries, driving debt costs higher and limiting room for priority investments. It left its forecast for growth in China, the world's second-largest economy, unchanged at 5.2% in 2023 and 4.5% in 2024.

Persons: Pierre, Olivier Gourinchas, Ken Cedeno, we're, Gourinchas, Andrea Shalal, Andrea Ricci Organizations: Research Department IMF, International Monetary Fund, REUTERS, WASHINGTON, Monetary Fund, IMF, Reuters, Health, El, U.S . Federal Reserve, Bank of England, Thomson Locations: Washington , U.S, China, Germany, Japan, United States, Ukraine

☆ Ocean temperatures around South Florida hit hot-tub levels
▼ + stars: | 2023-07-25 | by ( Maria Cardona | ) www.reuters.com time to read: +2 min

[1/2] Citizen scientist from Mote Laboratories replants corals on Florida's Keys vulnerable reefs, in Key West, Florida, U.S., July 13, 2023. REUTERS/Maria Alejandra Cardona/File PhotoKEY LARGO, Florida, July 25 (Reuters) - The surface ocean temperature in and around the Florida Keys soared to typical hot tub levels this week, amid recent warnings from global weather monitors about the dangerous impact of warming waters on ecosystems and extreme weather events. The WMO and NOAA say temperatures like those in South Florida can be deadly for marine life and threaten ocean ecosystems. He's also been seeing more dead fish in waters around Key Largo. Reporting by Maria Alejandro Cardona in Key Largo and Brad Brooks in Lubbock, Texas; editing by Donna BrysonOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Alejandra Cardona, Dustin Hansel, He's, Hansel, Maria Alejandro Cardona, Brad Brooks, Donna Bryson Organizations: Citizen, Mote Laboratories, REUTERS, National Oceanic, Atmospheric Administration, NOAA, National Data, United Nations, World Meteorological Organization, El Nino, WMO, Key Largo, Reuters, Thomson Locations: Key West , Florida, U.S, LARGO , Florida, Florida, Manatee, United States, South Florida, Key, Lubbock , Texas

The extreme heat is prompting violent typhoons in Asia and flash floods in the United States. But to the pragmatist, extreme heat is the new normal. The good news: Investors are spending big on climate projects. Global warming helps make periods of extreme heat more frequent, longer and more intense, and it will continue getting worse unless humans essentially stop adding carbon dioxide to the atmosphere, scientists say. “There’s been huge, huge progress” in developing green technologies and bringing down their costs, said Bella Tonkonogy, the U.S. director of Climate Policy Initiative whose funders include the Bloomberg Foundation and the German government.

Persons: it’s, El Niño, Carl, Friedrich Schleussner, ” “, ”, DealBook, “ There’s, Bella Tonkonogy Organizations: Analytics, Global, Venture, Initiative, Biden, Bloomberg Foundation Locations: Asia, United States, Berlin, U.S

Four dealers confirmed that export contracts of around 2 million metric tons of rice, worth $1 billion, are at the risk of being cancelled. Before the export ban, India used to sell around 500,000 tons of non-basmati white rice every month, Gupta said. Now, prices are likely to drop, and the traders are likely to suffer losses, said a New-Delhi-based dealer with a global trade house. Traders say while global prices will go up because of India's export ban, local rates are likely to drop. Top buyers of Indian non-basmati rice include Benin, Senegal, Ivory Coast, Togo, Guinea, Bangladesh and Nepal.

Persons: Nitin Gupta, Gupta, B.V, Krishna Rao, Rao, Rice, Rajendra Jadhav, Mayank Bhardwaj, Sharon Singleton Organizations: Traders, Olam Agri India Ltd, Reuters, Rice, Association, El, Thomson Locations: MUMBAI, India, Mumbai, Delhi, Benin, Senegal, Ivory Coast, Togo, Guinea, Bangladesh, Nepal, Asia

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