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IMF upgrades UK growth forecast as fears over impact of Iran war diminish

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July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7 The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared. In a July update of its World Economic Outlook, which was finalised before the latest outbreak of hostilities in the Middle East, the Washington-based organisation projected UK gross domestic product to grow by 1% this year – up 0.2 percentage points from its April forecast. Continue reading...

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Super Typhoon Bavi: dozens of Hong Kong flights cancelled as storm nears Taiwan

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Dozens of outbound flights from Hong Kong to Taiwan, mainland China and Japan originally scheduled for later this week have been cancelled due to Super Typhoon Bavi, with some local carriers offering special arrangements for affected passengers. A South China Morning Post check found that more than 40 flights – operated by Cathay Pacific Airways, HK Express, Hong Kong Airlines and Greater Bay Airlines – had been cancelled and 10 delayed to Sunday. The affected routes span destinations ranging...

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How Europe’s rush for Chinese air conditioners exposes the gap in Brussels’ trade policy

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A heatwave is driving unprecedented demand for Chinese air conditioners in Europe, just as Brussels seeks to narrow its record trade deficit with China through new restrictions. Observers said this exposed a glaring contradiction between public demand and political rhetoric, adding that the European Union was shifting blame for the trade deficit instead of addressing its own structural shortcomings. The record-breaking heatwave has disrupted transit infrastructure, triggered droughts and led to...

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Junk Firms Seize on Drought in Buyout Debt to Slash Loan Costs

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Bloomberg's Aaron Weinman joins Katie Greifeld on "Bloomberg Real Yield. " The energy-drink maker Celsius, the sneaker firm Skechers and other junk-rated companies are seizing on hot credit markets to secure better terms from lenders, sharply reducing the extra yield their loans offer compared to benchmark borrowing costs. (Source: Bloomberg)

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French rivers dry up amid prolonged heatwaves

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Here in France prolonged heatwaves are having devastating repercussions for the country's rivers. 16% of France's waterways had dried up last June, compared to 6% in June 2025. With these recurring heatwaves, the drought is taking hold with exceptional severity and arriving far too early. In some regions, emergency measures are being taken to save the fish in our rivers.

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Lions dead, zebras on the run as floodwaters devastate zoo in southern China

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A zoo in Guangxi Zhang autonomous region has lost more than 100 animals in the flooding that is affecting southern China, with the zookeeper calling for help from the public on social media. According to an official notice on Wednesday, two zebras, 30 peacocks, two ostriches, nine deer and multiple parrots were among the animals lost when some of the cages at the Guigang Zoo were damaged. “To ensure public safety and that of those animals, we implore the public to provide tips to assist in...

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When will Hong Kong’s retail leasing market see a turnaround?

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Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South Horizons...

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#Venezuela: La Guaira's mass #graves take in unclaimed bodies

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With #Venezuela continuing its search for #victims of the twin #earthquakes that hit the country on June 24, people have started burying the #dead. Mass #graves are being dug up to take in those identified bodies who remain unclaimed. France 24's Maxime Pluvinet went to one of them in #LaGuaira, one of the most affected areas.

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Clips of flooded Hong Kong rivers, streets go viral online after heavy rain

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Videos of flash-flooded rivers and overflowing pavements went viral on social media on Wednesday as residents in parts of Hong Kong grappled with more than 70 mm of rainfall in 24 hours. The intensity of the floods prompted some users online to claim a picture of the extreme was outdated or even AI-generated, only to be proved wrong when a clip was shared by another person. “I actually live in the village houses right above that spot, so I wanted to post the video I took this morning to prove...