European heatwave threatens output across labor-intensive sectors (opens in new tab)

Extreme heat across Europe is disrupting work, infrastructure and health systems, creating economic risks for businesses and governments. France recorded its hottest day on record, with a national average temperature of 30.0C; Spain logged its hottest June days on record; and the UK recorded its hottest June temperature, 36.7C in Somerset. Allianz Trade described extreme heat as a structural economic risk for Europe, citing an ageing population, dense cities, buildings not designed for extrem...