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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports
Central Europe sizzles as heat records are smashed in Swi...
AP- PTI · 2026-06-28 · via Business News Today: Latest Business News, Finance News
Hotter Europe: A woman applies suncream to another woman's back on the first day of BST Hyde Park as an amber extreme heat warning remains in place over southeast England amid an ongoing heatwave, in London, Britain, June 27, 2026.

Hotter Europe: A woman applies suncream to another woman's back on the first day of BST Hyde Park as an amber extreme heat warning remains in place over southeast England amid an ongoing heatwave, in London, Britain, June 27, 2026. | Photo Credit: JACK TAYLOR

Temperatures soared to record highs from Switzerland to the Czech Republic and Denmark on Saturday, as a heat wave that baked western European countries this week moved to central and eastern parts of the continent.

Unusually high temperatures were recorded even in the Nordic countries not known for sweltering summers. Denmark's Meteorological Institute reported a record 37 degrees Celsius (98.6 degrees Fahrenheit) in Odum north of Aarhus — the warmest day since records there began in 1874.

In Switzerland, a record 38.8 C (101.8 F) was set in the city of Basel.

Germany's famous Autobahn was overwhelmed, too, as temperatures were expected to hit 40 C (104 F). In two places outside Berlin, the concrete of the A2 burst due to the high temperatures and the highway had to be closed. Other highway damage was reported across the country, according to the German daily Bild.

Train operator Deutsche Bahn and other rail companies advised against all nonessential train travel this weekend.

“Germany's transportation infrastructure is being severely affected by the record-breaking heat this weekend,” Deutsche Bahn said in a statement.

The Czech Republic also saw its hottest day on record, with 40.8 C (105.4 F) in the northern town of Doksany. Forecasters said it may still rise.

Residents evacuated from German nursing home

A display in Berlin's Mitte district shows a temperature of 41 degrees Celsius (106 degrees Fahrenheit) during the ongoing heatwave in Berlin, Germany, June 27, 2026.

A display in Berlin's Mitte district shows a temperature of 41 degrees Celsius (106 degrees Fahrenheit) during the ongoing heatwave in Berlin, Germany, June 27, 2026. | Photo Credit: AXEL SCHMIDT

In the western German city of Dormagen, dozens of residents of a nursing home were evacuated for medical care due to dangerous heat conditions in the building.

The local fire department reported that temperatures inside the home had reached 35 C (95 F). Air conditioning is not widespread in Germany and many countries in Europe because the continent is largely unused to such oppressive heat.

A resident at the home died overnight, but it was not yet clear whether the heat was the cause, a city spokesperson told German news agency dpa.

Hospitals under intense pressure in France

A person sunbathes next to the Trocadero Fountains by the Eiffel Tower during high temperatures amid a heatwave in Paris, France, June 27, 2026.

A person sunbathes next to the Trocadero Fountains by the Eiffel Tower during high temperatures amid a heatwave in Paris, France, June 27, 2026. | Photo Credit: TOM NICHOLSON

In France, multiple towns in the east of the country saw their highest-ever temperatures Saturday, with some above 40 C (104 F) even though the worst of the heat wave was starting to pass in some regions.

Paris and 36 other regions, stretching from the centre to the east and northeast, remained in the extreme-heat red zone on Saturday, down from a peak on Thursday of 72 regions that were under such warnings.

The capital continued to see unrelenting pressure on its hospitals, with a second consecutive day of nearly 3,000 people seeking care in public hospital emergency rooms, about a third more than normal.

The Paris public hospital authority, AP-HP, said it activated its emergency response plan across all 38 hospitals to cope. Phone calls to its medical dispatch centres were up nearly 80 per cent compared with the same period in 2025, it said.

Concerns that hospitals could be overwhelmed prompted the postponement of the Paris Pride march for LGBTQ+ rights on Saturday, and a three-day music festival was cancelled.

The temperatures this week have been higher than those during a historic 2003 heat wave that was blamed for 15,000 heat-related deaths, many of them older people. The AP-HP's director, Nicolas Revel, said he doesn't expect as many deaths this time, at least in Paris hospitals, in part because treatment for overheating has since improved.

During another exceptionally hot summer last year, more than 5,700 deaths were attributed to heat, according to France's public health authority.

“I think we'll be situated, clearly, between 2025 and without necessarily reaching the catastrophic level of 2003. But we have to expect that there will still be many deaths,” he said.

UK temperatures easing after 3 record heat days

Country music fans gather on the first day of BST Hyde Park as an amber extreme heat warning remains in place over southeast England amid an ongoing heatwave, in London, Britain, June 27, 2026.

Country music fans gather on the first day of BST Hyde Park as an amber extreme heat warning remains in place over southeast England amid an ongoing heatwave, in London, Britain, June 27, 2026. | Photo Credit: JACK TAYLOR

In the UK, sweltering conditions are expected to gradually ease this weekend though an amber warning — one step down from red — remained in place until Saturday night.

Britons struggled to cope this week as the record June temperature was smashed three days in a row. Friday was confirmed as the country's hottest June day on record, with a provisional temperature of 37.3 C (99 F) recorded in eastern England.

It was more than 1 C hotter than the long-standing record for June heat in the UK, set in the summer of 1976.

On Saturday, police said the bodies of a 22-year-old man and a 15-year-old boy were recovered from a lake and a river. The deaths bring the total number of UK heat-related fatalities this week to four.

Authorities in the UK have warned people to take extra care when swimming in unsupervised areas following the deaths of around 40 people in France over the past week.

Tourists wilting in Rome as red heat alert remains active

People cool off under a water mist near the Colosseum as Italy’s Civil Protection deploys measures to help residents and tourists cope with a heatwave, in Rome, Italy, June 26, 2026.

People cool off under a water mist near the Colosseum as Italy’s Civil Protection deploys measures to help residents and tourists cope with a heatwave, in Rome, Italy, June 26, 2026. | Photo Credit: REMO CASILLI

In Italy's capital, which remains under a red heat alert, tourists tried to cool off seeking shade near buildings and dunking their heads under public fountains. Street vendors were doing a brisk business selling bottled water, hats and sun umbrellas.

Some turned to Italian classics for relief.

“Gelato, pasta, because it's tradition, but also fresh fruit, and ice cold drinks, that's the best for this temperature,” said Isabella Dold, a tourist from Kempten, Germany.

On Saturday, Italy's health ministry said 18 cities — including the most popular tourism hubs like Venice, Florence, Bologna and Milan — were on red alert due to danger posed by the high temperatures.

Record heat focuses attention on climate change

The guards without their bearskin hats walk during the heatwave at Amalienborg Palace in inner Copenhagen, Denmark Friday, June 26, 2026.

The guards without their bearskin hats walk during the heatwave at Amalienborg Palace in inner Copenhagen, Denmark Friday, June 26, 2026. | Photo Credit: Mads Claus Rasmussen

A new study from the World Weather Attribution, a Europe-based collaboration of scientists, reported Friday that the record-breaking heat and humidity in Europe this week would not have been possible without climate change.

The rapid study found that the heat would have been virtually impossible just five decades ago, and is 200 times more likely today than it would have been 20 years ago.

Andre Correa do Lago, the president of the UN climate talks known as COP30, said the heat wave has "helped strengthen the perception of urgency of fighting climate change.”

“The fact that we are living with this amazing heat in London is a strong argument, we need to agree, that we have to take action as soon as possible,” do Lago told The Associated Press.

Published on June 28, 2026