North America, Europe and Asia were struggling with record-breaking temperatures and warnings from authorities to stay out of the sun, amid killer heatwaves, the latest reminder of the world’s dangerously warming climate.
The record-breaking temperatures come after researchers from the National Oceanography Centre in England said that Nasa satellite imagery showed "frightening" changes in the world's seas.
The centre's report last week said that climate change was having a potentially devastating impact on marine life and, in many areas, changing the colour of the ocean from blue to a greenish colour, a phenomenon thought by experts to be linked to a rise in the number of phytoplankton, microscopic life that help the oceans store carbon from the atmosphere.
Earlier this month the world saw its hottest day, with the global average temperature passing 17 celsius, according to the US National Centres for Environmental Prediction. On Saturday, Europe may have reached its hottest temperature, at 54 celsius in Sardinia and Sicily.
The European Space Agency said the searing heat on the two islands was "potentially the hottest temperatures ever recorded in Europe".
A powerful heatwave stretching from California to Texas was expected to peak, according to the US National Weather Service, which warned of an "extremely hot and dangerous weekend".
Arizona's state capital Phoenix recorded 16 straight days above 43 degrees Celsius, en route to an expected 46 Celsius.
Death Valley danger
California's Death Valley, one of the hottest places on Earth, is also set to register new peaks on Sunday, with the mercury possibly rising to 54C.
Authorities have been sounding the alarm, advising people to avoid outdoor activities in the daytime and to be wary of dehydration.
At a construction site outside Houston, Texas, a 28-year-old worker, who gave his name only as Juan, helped complete a wall in the blazing heat.
"Just when I take a drink of water, I get dizzy, I want to vomit because of the heat," he told AFP.
The Las Vegas weather service warned that assuming high temperatures naturally come with the area's desert climate was "a DANGEROUS mindset! This heatwave is NOT typical desert heat".
Southern California is fighting numerous wildfires, including one in Riverside County that has burnt more than 7,500 acres (3,000 hectares) and prompted evacuation orders.
Further north, the Canadian government reported that wildfires had burnt a record-breaking 10 million hectares this year, with more damage expected as the summer drags on.
In Europe, Italy faces weekend predictions of historic highs with the health ministry issuing a red alert for 16 cities including Rome, Bologna and Florence.
The weather centre warned Italians to prepare for "the most intense heatwave of the summer and also one of the most intense of all time".
The thermometer is likely to hit 40C in Rome by Monday and 43C on Tuesday, smashing the record of 40.5C set in August 2007.
The Acropolis in Athens, one of Greece's top tourist attractions, will close during the hottest hours on Sunday, for the third day running.
Extreme weather events rise
In France, high temperatures and resulting drought are posing a threat to the farming industry, earning Agriculture Minister Marc Fesneau criticism from climatologists for having brushed aside conditions as "normal enough for summer".
This June was the second-hottest on record in France, according to the national weather agency, and several areas of the country have been under a heatwave alert since Tuesday.
There is little reprieve ahead for Spain, whose meteorological agency warned that a new heatwave on Monday through Wednesday will bring temperatures above 40C to the Canary Islands and the southern Andalusia region.
As torrential rains lashed northern Japan on Sunday, a man was found dead in a flooded car, a week after seven people were killed in similar weather in the country's south-west.
Parts of eastern Japan are expected to reach 38-39C on Sunday and Monday, with the meteorological agency warning temperatures could hit previous records.
In South Korea, rescuers on Sunday battled to reach people trapped in a flooded tunnel, after heavy rains for the last four days triggered floods and landslides that killed at least 33 people and left 10 missing.
The country is at the peak of its summer monsoon season, with more rain forecast through Wednesday.
In northern India, relentless monsoon rains have reportedly killed at least 90 people, following burning heat.
Major flooding and landslides are common during India's monsoons, but experts say climate change is increasing their frequency and severity.
China on Sunday issued several temperature alerts, warning thermometers could reach 40-45C in the partly desert region of Xinjiang, and 39C in southern Guangxi region.
Morocco was slated for above-average temperatures this weekend with highs of 47C in some provinces – more typical of August than July – sparking concerns for water shortages, the meteorological service said.
In Iraq, where scorching summers are common, 37-year-old Wissam Abed usually cools off from Baghdad's brutal summer by swimming in the Tigris river.
But as rivers dry up, so does the age-old pastime.
With temperatures near 50C and wind whipping through the city like a hairdryer, Mr Abed stood in the middle of the river, but the water only comes up to his waist.
"Year after year, the water situation gets worse," he told AFP.
While it can be difficult to attribute a particular weather event to climate change, scientists insist that global warming – linked to dependence on fossil fuels – is behind the multiplication and intensification of heatwaves.
The EU's climate monitoring service said the world saw its hottest June on record last month.
WHAT FANS WILL LOVE ABOUT RUSSIA
FANS WILL LOVE
Uber is ridiculously cheap and, as Diego Saez discovered, mush safer. A 45-minute taxi from Pulova airport to Saint Petersburg’s Nevsky Prospect can cost as little as 500 roubles (Dh30).
FANS WILL LOATHE
Uber policy in Russia is that they can start the fare as soon as they arrive at the pick-up point — and oftentimes they start it even before arriving, or worse never arrive yet charge you anyway.
FANS WILL LOVE
It’s amazing how active Russians are on social media and your accounts will surge should you post while in the country. Throw in a few Cyrillic hashtags and watch your account numbers rocket.
FANS WILL LOATHE
With cold soups, bland dumplings and dried fish, Russian cuisine is not to everybody’s tastebuds. Fortunately, there are plenty Georgian restaurants to choose from, which are both excellent and economical.
FANS WILL LOVE
The World Cup will take place during St Petersburg's White Nights Festival, which means perpetual daylight in a city that genuinely never sleeps. (Think toddlers walking the streets with their grandmothers at 4am.)
FANS WILL LOATHE
The walk from Krestovsky Ostrov metro station to Saint Petersburg Arena on a rainy day makes you wonder why some of the $1.7 billion was not spent on a weather-protected walkway.
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
The biog
Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Day 2, stumps
Pakistan 482
Australia 30/0 (13 ov)
Australia trail by 452 runs with 10 wickets remaining in the innings