Rivers across Europe are drying up in a continent-wide heatwave which has seen south-east England endure its longest dry spell in nearly 50 years.
Water levels on the Rhine, which serves as a major shipping lane and is vital to the German economy, have plummeted to the point that trade on some sections is at risk of being halted.
Parts of the River Po, Italy’s longest waterway, have completely disappeared, leaving the riverbed exposed. A Second World War bomb was found embedded in the mud in the river's worst drought in 70 years.
The River Doubs on the Swiss-French border has dried up amid a record drought which has seen its famed waterfall reduced to a trickle.
London's Thames River is also running low due to record-breaking temperatures and months of little rainfall. The source of the waterway has dried up, moving 8 kilometres downstream from its official starting point.
Thames Water, which serves 15 million customers in the capital and the Thames Valley, has warned it may need to impose restrictions unless rain comes soon. So far, it has resisted pressure to issue a ban on hosepipes, instead saying households should “use water wisely”.
The company said demand was at its highest in more than 25 years.
“At times the demand can outstrip our capacity to treat water and hence we have been promoting the need to use water wisely to ensure we can maintain supplies for all,” Thames Water said in a statement on Monday.
“Our reservoirs have fallen below average for this time of year. This is due to the fact that nine out of the last 11 months have been drier than average, with underground aquifers and flows in the rivers, which we rely on for water, also lower than expected for this time of year.”
Forecasters have said Britain is in for an “unusually dry” August and England's south-east is in the grips of its longest dry spell in nearly 50 years.
Much of Europe is also on the brink of disruption to everyday life due to the heatwave.
“Amid a long spell of dry weather, water levels of the River Rhine have fallen far below average this summer,” Salomon Fiedler, an economist at Berenberg Bank, warned last week.
The Rhine rises in the Swiss Alps and runs along the border with Liechtenstein, Austria and Germany before defining the Franco-German boundary and running into western Germany.
July brought record-breaking temperatures to the UK, surpassing 40°C in some spots.
As a new heatwave looms, the UK’s Met Office has issued a four-day amber warning for extreme temperatures in parts of England and Wales.
Meteorologists have predicted temperatures could reach 35°C in some areas between Thursday and Sunday.
The Met Office said the searing heat poses risks to the health of vulnerable and elderly people, while the wider population could also be affected.
Delays to travel are possible and there is an increased risk of water accidents and fires as more people visit coasts and beauty spots, the Met Office added.
The UK Health Security Agency has already issued an amber alert covering southern and central England from noon on Tuesday until 6pm on Saturday, with experts advising people to look out for those who are older or with existing health conditions, as well as young children.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
LIKELY TEAMS
South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.
India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
Apple product price list
iPad Pro
11" - $799 (64GB)
12.9" - $999 (64GB)
MacBook Air
$1,199
Mac Mini
$799
Company%C2%A0profile
%3Cp%3ECompany%3A%20Zywa%3Cbr%3EStarted%3A%202021%3Cbr%3EFounders%3A%20Nuha%20Hashem%20and%20Alok%20Kumar%3Cbr%3EBased%3A%20UAE%3Cbr%3EIndustry%3A%20FinTech%3Cbr%3EFunding%20size%3A%20%243m%3Cbr%3ECompany%20valuation%3A%20%2430m%3C%2Fp%3E%0A
More from Neighbourhood Watch:
BRIEF SCORES
England 228-7, 50 overs
N Sciver 51; J Goswami 3-23
India 219, 48.4 overs
P Raut 86, H Kaur 51; A Shrubsole 6-46
England won by nine runs
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre