• Drought and heat drive European electricity prices to all-time highs

    Drought and heat have pushed European benchmark electricity prices to all-time highs on August 2, 2022. As a result, countries are relying even more on Russian gas to meet increased power demand instead of storing it for the coming winter season, as recently agreed in Brussels.

  • Massive fireball over Puerto Rico

    An asteroid up to 5 m (16.4 feet) in diameter exploded over Puerto Rico at 03:28 UTC on July 28, 2022, creating a spectacular display seen across the entire island.

  • More than 1 000 heat-related deaths reported in Spain and Portugal

    The second heatwave to hit Europe since mid-June 2022 has claimed more than 1 000 lives over the past 8 days, with most of them in Portugal. Numerous high temperature records have been broken and more are expected to fall over the next few days. This is the second heatwave to hit Europe since mid-June.

  • Worldwide wheat prices jump 6.6% in a single day

    Wheat prices jumped 6.6% worldwide in a single day with a decisive turnaround under the pressure of the resumption of dialogue between the US and China which seems interested in buying foreign wheat and corn, which marked an increase of 4.6%.