AFP

Europe counts cost of heatwave as French fires come under control

Europe counted the cost of a record heatwave on Wednesday as French firefighters brought twin blazes near Bordeaux under control and climate change protesters pointed to the sizzling weather as a wake up call for the continent. 

Temperatures of more than 40 degrees Celsius (100 degrees Fahrenheit) over previous days have spelled misery for millions and shattered heat records, focusing attention on the impact of global warming.

Cooler air swept in Wednesday, bringing relief to people from Portugal to Britain, but thousands of firefighters continued to tackle mass fires that have broken out in multiple countries in recent days after months of drought-like conditions.

“Our assessment is generally positive. The situation improved overnight,” French fire service spokesman Arnaud Mendousse told AFP from the southwestern Gironde region where two huge blazes have engulfed 20,600 hectares (50,900 acres) of tinder-dry forest since last week.

The infernos had barely expanded overnight, with lower temperatures and the construction of a 300-metre wide fire break helping stem the spread of the flames.

President Emmanuel Macron was set to visit later on Wednesday to speak to emergency services members and some of the 37,000 people who have been evacuated in the popular Atlantic Ocean region that is teaming with tourists in the summer months.

Two firefighters were severely injured overnight, government spokesman Olivier Veran told reporters.

Separate blazes in the Monts d’Arree area of northwestern Brittany continued to rage on Wednesday, with aircraft dropping water from above.

Greek planes and helicopters were also in action against a wildfire that has forced hundreds of people to flee mountainside suburbs north of Athens. 

Greece had been spared the scorching heatwave experienced in western Europe, but the flames fanned by high winds were threatening the suburbs of Penteli, Pallini, Anthousa and Gerakas, home to tens of thousands of people.

“The civil protection authority was late in alerting us,” a Pallini resident who lost his car and shed to the flames told ERT television. “The fire was scorching our backs, we left in the nick of time. Had we stayed another 30 seconds it would have burned us.” 

Firefighters have also been pressed into action in Portugal, Spain and Italy in recent weeks to tackle wild fires. 

– Heat records –

The heatwave saw a host of local records set in France and a new all-time record for Britain where the national weather service clocked 40.3C in eastern England, surpassing the previous high set in 2019.

Grassland fires erupted on Tuesday on the edge of London, with one forcing the evacuation of 14 people as farm buildings, houses and garages were consumed by the flames.

Sixteen firefighters were injured around the capital with two taken to hospital, the London Fire Brigade said.

“Yesterday was the busiest day for the fire service in London since the Second World War,” the city’s mayor Sadiq Khan told Sky News on Wednesday, urging the public to remain vigilant despite temperatures now falling.

Khan also accused Conservative leadership candidates vying to succeed Prime Minister Boris Johnson of ignoring “the elephant in the room” of climate change.

Climate demonstrators triggered a lengthy tailback on Britain’s busiest motorway encircling London on Wednesday as they sought to highlight the need for greater action to reduce greenhouse gases which are responsible for global heating.

Members of the group Just Stop Oil climbed gantries over the M25 arterial motorway, causing police to intervene and vehicles to back up for several miles (kilometres) in one direction.

“This is the moment when climate inaction is truly revealed in all its murderous glory for everyone to see: as an elite-driven death project that will extinguish all life if we let it,” the activist group said in a statement.

burs-adp/jh/bp

Climate deniers sow weather-map heatwave misinfo

Climate-change deniers have a viral way of spreading misinformation on social media during a heatwave: by publishing weather maps out of context to imply forecasters are exaggerating global heating.

During the two recent heatwaves in Europe, users in various countries and languages misleadingly juxtaposed weather maps, suggesting the colours had been changed to red by media or authorities seeking to create panic. 

AFP Fact Check has debunked several versions of the claim, which have surfaced in languages including English, German, Spanish, French, Hungarian and Polish.

“LEFT – Old school weather forecast. Happy and sunshiny. Right – New style weather forecast. Designed to look like fear and destruction. It’s called summer,” read a text with one pair of UK weather maps shared on Twitter during this week’s British heatwave.

The two side-by-side maps under the post showed hot weather over Britain. The left one was light green with sun symbols, the right-hand one dark red.

UK Met Office weatherman Aidan McGivern branded it a “ridiculous comparison,” in his own Twitter thread.

He said the colour scheme had been redesigned last year to make the contrasts more visible to those who were colour blind.

“The new temperature colour scale does go darker (red) when it gets hotter (especially >38.7 C, the UK record),” he said. “It also goes darker (blue) when it gets colder.”

He added that the right-hand image was from a “one-off” Met Office tweet dating from 2016 – not from the current heatwave.

– Coloured red? – 

One post shared in Spanish and Catalan during this week’s heatwave said: “Now they have to colour the map as if we were in hell itself.”

The two side-by-side maps under the post showed hot weather over Spain. One was white with sun symbols, the other dark red.

A digital investigation by AFP revealed they were two different types of map, from different sources – not, as the post claimed, from a single forecaster that had manipulated its colour scheme. 

In English and German, numerous similar claims circulated during hot weather in May and June.

One Facebook post showed side-by-side maps showed similar temperatures over Sweden. One was green and dated 1986, the other orange and dated 2022. 

A digital investigation revealed that the years on the maps were incorrect and they were from different news organisations that use different colour codes. 

Thousands of social media users shared the same image in French, claiming it was evidence of a “global warming scam.” 

Posts in Germany in June showed two maps from the news show Tagesschau, claiming it had changed their colour from green in 2009 to red in 2019 to hype the climate threat.

Tagesschau explained that the red map was a temperature forecast, and even in 2009 such maps had used red. The green one was a general weather forecast with different colour scheme and variables.

– Climate change is real –

Climate scientists overwhelmingly agree that carbon emissions from humans burning fossil fuels are heating the planet, raising the risk and severity of heatwaves and other extreme weather events.

With temperatures topping 40 C, the heatwave in Britain this week prompted comparisons with the summer of 1976, when the temperature peaked at 35.9 C.

“Of course there have been heatwaves in the past, but the big difference with 1976 is what the rest of the world looked like,” said Friederike Otto, senior lecturer at Imperial College London’s Grantham Institute for Climate Change.

“In ’76 there was a heatwave in (Britain), in 2022 there are heatwaves everywhere in the world and so there have been in 2021, ’20, ’19,” she told reporters on Monday.

Nostalgia for 1976 — sometimes accompanied by misleading map-sharing — irritated some users on social media. 

“Folk keep sharing the fake f**king image showing ‘WEATHER in my day’ bla bla bla,” wrote one user, identified as Talent Stockport, on July 17.

“Its misleading” (sic), the post continued. “Your spreading miss information which could actually put peoples lives in danger, and its the same type of people too. The people who are unable to process basic facts.” 

The fact-check investigations cited in this story can be found in different languages at factcheck.afp.com.

European stocks, euro drop awaiting Russia gas move, ECB

European stocks and the euro retreated Wednesday as the EU took precautionary measures in the face of reduced Russian gas supplies.

Traders were also looking ahead to a key ECB meeting Thursday.

European assets headed south despite sizeable gains in Asia and Tuesday’s surge on Wall Street.

US stocks rebounded strongly Tuesday as companies’ earnings soothed concerns about the impact on their bottom lines from soaring inflation and rising interest rates.

While several firms — such as Apple and Johnson & Johnson — have indicated they have concerns about the outlook, there is a feeling that the sell-off across markets could be reaching a bottom.

And some commentators have suggested the second half could see a healthy rally, despite official data continuing to show inflation rising strongly worldwide.

UK annual inflation hit a new 40-year high at 9.4 percent in June on surging motor fuel and food prices.

The same month, inflation in South Africa soared to its highest level in 13 years at 7.4 percent.

Against a backdrop of decades-high inflation also in the eurozone, all eyes were on the European Central Bank, which is Thursday widely expected to announce its first rate hike in more than a decade.

Officials have their work cut out for them as they must also try not to drive a stake through the eurozone economy, which has also been hammered by an energy crisis.

Talk of a half-point hike — instead of the quarter-point lift most expect — has boosted the euro against the dollar since last week falling below parity for the first time in 20 years.

The European single currency had risen earlier Wednesday, helped also by a Bloomberg News article saying Russia’s Gazprom would resume deliveries through the Nord Stream 1 pipeline Thursday, albeit at reduced capacity.

Moscow shut down deliveries to Germany for technical reasons last week, but there had been fears it would keep the taps off in retaliation for European sanctions over its invasion of Ukraine.

Taking no chances, the European Commission on Wednesday urged EU countries to reduce their demand for natural gas by 15 percent over the coming winter months to overcome Russia’s energy supply “blackmail”.

In a statement, the EU’s executive arm also asked member states to give it special powers to force through needed demand cuts if Russia cuts the Europe’s gas lifeline.

“Russia is blackmailing us. Russia is using energy as a weapon and therefore, in any event, whether it’s a partial major cut off of Russian gas or total cut off… Europe needs to be ready,” Commission president Ursula von der Leyen told reporters.

– Key figures at around 1100 GMT –

London – FTSE 100: DOWN 0.3 percent at 7,274.05 points

Frankfurt – DAX: DOWN 0.5 percent at 13,249.05

Paris – CAC 40: DOWN 0.4 percent at 6,178.59

EURO STOXX 50: DOWN 0.4 percent at 3,571.50

Tokyo – Nikkei 225: UP 2.7 percent at 27,680.26 (close)

Hong Kong – Hang Seng Index: UP 1.1 percent at 20,890.22 (close)

Shanghai – Composite: UP 0.8 percent at 3,304.72 (close)

New York – Dow: UP 2.4 percent at 31,827.05 (close)

Euro/dollar: DOWN at $1.0180 from $1.0226 Tuesday

Pound/dollar: DOWN at $1.1966 from $1.2002 

Euro/pound: DOWN at 85.09 pence from 85.19 pence

Dollar/yen: DOWN at 138.20 yen from 138.21 yen

West Texas Intermediate: DOWN 1.7 percent at $102.50 per barrel

Brent North Sea crude: DOWN 1.4 percent at $105.80 per barrel

Human food waste 'threat' to polar bears: report

The invasion of a remote Russian village by dozens of ravenous polar bears three years ago captured headlines around the world, with images of groups of animals gorging on rubbish in an open garbage dump. 

Scientists and conservationists warned Wednesday that it was just one of a growing number of incidents showing the threat food waste poses to the at-risk animals. 

Polar bears are acutely threatened by climate change, with the Arctic region warming about three times faster than the global average, meaning there is less sea ice that the animals rely on to hunt for food.  

“We’ve been seeing this slow and steady increase in negative human polar bear interactions, fuelled largely by loss of sea ice pushing more bears onshore for longer periods and in more places,” said Geoff York, Senior Director of Conservation at Polar Bears International. 

In the new analysis, researchers looked at how discarded food, particularly in garbage dumps, is drawing polar bears towards human communities and into danger. 

“We know from the brown and black bear world in Europe and North America that dumps are a huge problem for bears. Human food is a huge problem for bears,” said York, who co-authored the report in the conservation journal Oryx. 

“It’s likely to get worse if it’s not addressed.”

– Eating plastic –

The report draws together a number of case studies in recent years and calls for greater awareness of the risks and better waste management in Arctic communities. 

These include isolated incidents where one or two bears approached villages or encampments — sometimes being shot after attacking local people — and much larger congregations. 

In Kaktovik, Alaska, the protected beach dumping site for the remnants of bowhead whales, which the Inupiat community has traditionally hunted, attracts as many as 90 polar bears from up to 160 kilometres (a hundred miles) each autumn.  

The authors said the dramatic scenes in the Russian village of Belushya Guba in 2019, where more than 50 bears were drawn to an open dump on a bad ice year, were an extreme example of what can happen when sites are left unsecured.

Polar bears have evolved to eat a high fat diet, so that the weight they put on in the spring when they hunt ice seal pups will last them much of the rest of the year. 

But with ice melting earlier in this crucial period, York said bears are now sometimes returning to shore without having put on enough weight and even those that do return well fed are staying on land for longer.  

In this case an accessible rubbish dump can present a “bonanza of calories”, he said, although dramatically less nourishing than their normal diet. 

“What they don’t know is they’re also ingesting plastics, they’re ingesting toxic materials that are also in the landfill,” said York. 

He added that there was also a disease risk from garbage like cat food as well as proximity to humans and other animals at the dumps. 

– Uncertain future –

York said communities in the Arctic region were faced with steep costs for dealing with household waste, because the frozen and rocky ground offers limited options for landfill. 

Dumping or low temperature burning are often used, but he said high temperature burning could be a better, if imperfect, approach. 

Meanwhile some communities have formed patrols to chase bears from landfill sites before they get a taste for human food. 

Other ideas the authors put forward include education around the issue, and the use of non-lethal deterrents like air horns and electric fences.   

Given the significant threat posed to polar bears by climate change, is it worth bothering about the risks from food waste? 

“I say yes, because every bear matters, especially as we’re starting to see declining populations,” he said. 

“We have solutions. So let’s do what we can while we can and make sure they have the best ride possible as they’re heading into this uncertain future.”

Firefighters battle wildfire in Athens suburbs

Greek planes and helicopters on Wednesday stepped up their battle against a wildfire raging for a second day that has forced hundreds of people to flee mountainside suburbs north of Athens.  

Nearly 500 firefighters, 120 vehicles, nine planes and 10 helicopters supported by army units sought to prevent the flames from causing further damage in the suburbs of Penteli, Pallini, Anthousa and Gerakas, home to tens of thousands of people.

Greece has been so far spared a scorching heatwave that saw deadly wildfires destroy vast tracts of land in France, Portugal and Spain, but has instead faced gale-force winds.

Experts blame climate change for extreme weather events and warn that worse is yet to come.

Thirty people, including three firefighters, required medical attention for burns and breathing difficulty, the Greek fire department said.

Several buildings have sustained varying degrees of damage, AFP images showed.

“The sky was red… we left without taking anything with us,” a Pallini resident who lost his car and shed to the flames told ERT television.

“The civil protection authority was late in alerting us. The fire was scorching our backs, we left in the nick of time. Had we stayed another 30 seconds it would have burned us,” he added.

The house next door was completely gutted, the man said.

– ‘Two active fronts’ –

Authorities warned residents to stay indoors and keep their windows shut. 

With winds racing at over 100 kilometres (62 miles) per hour, smoke from the fire billowed as far as the island of Crete, hundreds of kilometres to the south, satellite imagery showed.

Residents say fires have struck the area three times in the last three decades.

Greek media reported that an 80-year-old man in Anthousa shot himself dead in despair over the fire, which broke out on Tuesday afternoon.

The wildfires around Mount Penteli north of Athens were fanned overnight by strong winds that constantly changed direction.

“There are two active fronts,” civil protection official Vassilis Kokkalis told Athens 98.4 radio. “The winds are so strong that the planes are prevented from making targeted water drops,” he added.

The fire was threatening businesses on a major Athens highway, he added.

“It’s a fire that will be a cause for concern for several days,” Kokkalis said.

Residents in several areas, a paediatric hospital and the national observatory at Athens were evacuated as a precautionary measure.

– ‘Insane’ –

The police said some 600 people had been moved to safety overnight.

“It was insane, we did not know where to flee,” an elderly resident of Anthousa told ERT.

“Embers were falling from the sky, I’ve never seen anything like it,” he said.

Greece has set up a crisis cell and firefighters battled 117 wildfires in the country in the last 24 hours.

Another 87 firefighters were battling a blaze in the Peloponnese, a southern peninsula.

Athens has asked European countries to send firefighters. A squad from Romania was assisting in Wednesday’s fire.

A heatwave and wildfires last year destroyed 103,000 hectares (255,000 acres) and claimed three lives in Greece.

The country’s worst fire disaster in 2018 in the coastal suburb of Mati, claiming 102 lives, was just a few kilometres from the area affected by Wednesday’s blaze.

French fires coming under control as heat drops

Firefighters battling twin fires in southwest France said Wednesday the blazes were being brought under control thanks to improved weather conditions, but had not been stopped completely. 

“Our assessment is generally positive. The situation improved overnight,” local fire service spokesman Arnaud Mendousse said, saying that only 300 more hectares (740 acres) had burned since Tuesday evening. 

French President Emmanuel Macron is due to visit the fire-hit Gironde region where a total of 20,600 hectares (50,900 acres) of forest have gone up in flames since last week and 37,000 people have been evacuated.

Temperatures have dropped from above 40 degrees Celsius (104 degrees Fahrenheit) on Tuesday to the mid-20s on Wednesday.

“We’ve been able to really work on our defences against the fire,” local government official Fabienne Buccio told reporters Tuesday evening. “We managed to improve, advance and create significant fire breaks.”

“Cooler weather” had helped, she said, though the area was not expecting significant rainfall that would help extinguish the flames.

The pine forests along the Atlantic coast were bone-dry after months of drought-like conditions that have affected the entire country.

The biggest blaze is in a thinly populated area south of Bordeaux near the village of Landiras, which is being treated by police as suspected arson.

A 39-year-old local man arrested on Monday was released overnight after investigators concluded “the evidence and statements collected exonerated him.”

He had been arrested but not charged in 2014 over a separate forest fire, the local prosecutor’s office said in a statement.

A second blaze has ripped through a popular ocean-front tourist area behind the Dune du Pilat, Europe’s biggest sand dune, near the Bay of Arcachon.

It is thought to have been caused by a van that caught fire last week.

Macron is expected to meet members of the emergency services, local officials and volunteers as he tours the area Wednesday alongside Interior Minister Gerald Darmanin.

Russian fire pounds Ukraine, as Putin announces 'progress' on grain exports

Russian shelling pounded eastern and southern Ukraine as President Vladimir Putin said Moscow would only ease the path for Black Sea exports of Ukrainian grain if the West lifts sanctions on Russia’s shipments.

Russian strikes hit the eastern city of Kramatorsk on Tuesday, killing one person, local authorities said.

AFP journalists said a four-story residential building had been hit in the city in the Donbas region. One man with a bloodied head lay on the ground, before being taken away by the emergency services.

“He was just walking by and was hit,” said one woman, who declined to give her name, visibly shaken after the bombardment.

Russia’s invasion of Ukraine in February has killed thousands and displaced millions, but also hampered shipments from one of the world’s biggest exporters of wheat and other grain, sparking fears of global food shortages.

Putin, in Tehran for talks with his Turkish counterpart Recep Tayyip Erdogan, on Tuesday said “progress” had been made in discussions towards exporting grain from Ukraine.

After talks with both Erdogan and Iran’s president, Putin told reporters that any deal hinged on the West’s willingness to yield some ground.

“We will facilitate the export of Ukrainian grain, but we are proceeding from the fact that all restrictions related to possible deliveries for the export of Russian grain will be lifted,” he said.

NATO member Turkey has been using its good relations with both the Kremlin and Kyiv to try and broker an agreement on a safe way to deliver the grain.

– ‘Victory before winter’ –

On Wednesday, Russian and Ukrainian delegations are due to meet in Istanbul alongside Turkish and UN representatives, with hopes rising for an announced accord.

The EU’s foreign policy chief Josep Borrell warned this week that the grain impasse was “an issue of life and death for many human beings”.

And a document consulted by AFP Tuesday showed that the European Commission is proposing to unblock assets at Russian banks linked to trade in food and fertiliser.

Along the Black Sea coast, Kyiv said that a barrage of seven cruise missiles had wounded at least six people, including a child, in the southern coastal region of Odessa.

The Russian defence ministry claimed that strikes on Odessa had destroyed a stockpile of Western-supplied weapons.

Russian Defence Minister Sergei Shoigu ordered troops earlier this week to prioritise the destruction of long-range artillery supplied by the United States and Ukraine’s other Western allies.

Observers credit the weapons with altering battlefield dynamics, giving Ukraine the capacity to hit Russian arms depots and command posts deep inside territory controlled by Moscow.

Ukrainian Defence Minister Oleksiy Reznikov, during a visit to the United States, urged the West to drastically step up its supply of precision rocket systems, calling them a “game-changer”.

In Washington, National Security Council spokesman John Kirby said the United States believes that Russia is moving ahead with plans to annex more Ukrainian territory. 

“Russia is beginning to roll out a version of what you could call an annexation playbook, very similar to the one we saw in 2014,” when it invaded and annexed Crimea, Kirby said.

Zelensky’s chief of staff Andriy Yermak underlined in an interview published Tuesday that Ukraine had to win its war with Russia before winter, telling Ukrainian weekly Novoye Vremya that if Moscow has time to regroup, it will be “more difficult”.

– Suspected treason –

On the diplomatic front, Russia’s close ally Syria announced Wednesday it was severing ties with Ukraine, according to an unidentified foreign ministry official, cited by state news agency SANA.

Kyiv had already announced it was cutting ties with Syria late last month, after Damascus recognised the Russian-backed breakaway republics of Donetsk and Lugansk in eastern Ukraine.

Ukrainian lawmakers on Tuesday endorsed the president’s decision to sack the country’s top prosecutor and security chief, backing Ukraine’s largest political shake-up since Russia invaded.

Several Ukrainian deputies said lawmakers at the parliamentary session in Kyiv had overwhelmingly backed President Volodymyr Zelensky’s shock call to remove the senior officials.

“Parliament voted to dismiss Iryna Venediktova as prosecutor general,” said David Arakhamia, a lawmaker affiliated with Zelensky.

Other deputies said the plea to remove security chief Ivan Bakanov had secured the required 226 votes.

Zelensky late Sunday said he was suspending the senior law enforcement officials — and that 650 cases of suspected treason were under investigation.

He replaced Bakanov on Monday and described the shake-up in the security services as an “audit”, saying 28 security officials were facing dismissal.

The governor of Mykolaiv, a southern region under constant Russian rocket fire, meanwhile on Tuesday promised a $100 reward for anyone who could help to identify people who have been collaborating with Russia by providing it with the locations of Ukrainian troops or coordinates of potential targets. 

burs-sst-ah-sr/dva

African cheetahs to be spotted soon in India thanks to Namibia deal

India and Namibia signed a deal Wednesday to bring cheetahs into the South Asian country, with the first batch of eight wild cats set to arrive next month, officials said.

India has been working to relocate the animals since 2020, when the Supreme Court announced that African cheetahs could be introduced in a “carefully chosen location” on an experimental basis.

India in the past had Asiatic cheetahs, but the species was officially declared extinct within the country by 1952.

The deal inked Wednesday will see Namibia’s African cheetahs flown in next month to a wildlife sanctuary in the central state of Madhya Pradesh for captive breeding — a move expected to coincide with India’s 75th Independence Day celebrations. 

“Completing 75 glorious years of Independence with restoring the fastest terrestrial flagship species, the cheetah, in India, will rekindle the ecological dynamics of the landscape,” India’s environment minister Bhupender Yadav tweeted.

“Cheetah reintroduction would also greatly enhance local community livelihoods through eco-tourism prospects in the long term.”

Signed in New Delhi with Namibia’s deputy prime minister Netumbo Nandi-Ndaitwah, the deal will also see the two countries collaborate in areas of climate change, waste and wildlife management. 

The Kuno-Palpur National Park in Madhya Pradesh state was selected as the new home for the cheetahs because of its abundant prey base and grasslands which were found suitable for the felines.

“The main goal of cheetah reintroduction project is to establish viable cheetah metapopulation in India that allows the cheetah to perform its functional role as a top predator,” the environment ministry said in a statement.

The cheetah is the only large carnivore believed to have gone extinct in India, primarily due to hunting for its distinctive, spotted pelts and habitat loss.

Maharaja Ramanuj Pratap Singh Deo is widely believed to have killed the last three recorded cheetahs in India in the late 1940s. 

India is also planning to ship in some cheetahs from South Africa but a formal pact has yet to be signed.

Considered vulnerable under the IUCN Red List of Threatened Species, the cheetah has a declining population of less than 7,000 — found primarily in African savannas.

Stock markets rally on tech bounce, earnings hope

Equities piled higher Wednesday following a surge on Wall Street, as investors grow hopeful in the ongoing earnings season, while sentiment was also boosted by news that Russian gas flows to Europe will not be cut off.

Markets also reacted positively to a report saying China will fine ride-hailing giant Didi $1 billion but bring an end to its year-long probe, reinforcing optimism that a long-running tech crackdown is nearing an end.

After a hefty drop Monday, all three main indexes on Wall Street posted solid gains Tuesday as companies’ earnings soothed concerns about the impact on their bottom lines from soaring inflation and rising interest rates.

Analysts said that with many investors having priced in a weak reporting season, above-forecast readings were giving a lift to stocks.

While several firms — such as Apple and Johnson & Johnson — have indicated they have concerns about the outlook, there is a feeling that the sell-off across markets could be reaching a bottom.

And some commentators have suggested the second half could see a healthy rally.

“Stocks have been beaten down,” said Kristina Hooper, a strategist at Invesco. 

“That doesn’t mean we won’t see more downside for some stock markets around the world, especially given that earnings expectations are likely to be adjusted downward. But I believe we are far closer to the bottom than the top.”

A surge in tech giants helped the Nasdaq jump more than three percent while the Dow and S&P 500 climbed more than two percent.

And the positive vibes flowed through to Asia, where Hong Kong was among the best performers thanks to big advances in the city’s tech titans, including Alibaba and Tencent.

Traders there were given a much-needed lift by a Wall Street Journal report saying Beijing is expected to hit Didi Global with the billion dollar fine before bringing the curtain down on a long-running investigation.

The firm will then be able to restart its key apps and add customers again, while also being allowed to resume its stalled Hong Kong listing.

The report was music to the ears of investors who have been battered by a regulation clampdown on the tech industry and a range of other sectors including private education. The Hong Kong tech index rose more than two percent Tuesday.

– Europe gas relief –

Elsewhere, Tokyo, Shanghai, Sydney, Seoul, Singapore, Mumbai, Taipei, Bangkok, Jakarta and Wellington also rallied.

London rose as data showed UK inflation hit a new 40-year high of 9.4 percent in June, putting further pressure on the Bank of England to ramp up borrowing costs.

Paris and Frankfurt were also up in early trade.

All eyes are now on the European Central Bank’s policy decision Thursday, where it is expected to announce its first rate hike in more than a decade as it looks to rein in soaring inflation.

Officials have their work cut out for them as they must also try not to drive a stake through the eurozone economy, which has also been hammered by an energy crisis.

Talk of a half-point hike — instead of the quarter-point lift most expect — has lifted the euro against the dollar, having fallen to parity last week for the first time in 20 years.

The currency was also helped by a Bloomberg News article saying Russia’s Gazprom would resume deliveries through the Nord Stream 1 pipeline Thursday, albeit at reduced capacity.

Moscow shut down deliveries to Germany for technical reasons last week, but there had been fears it would keep the taps off in retaliation for European sanctions over its invasion of Ukraine.

CMC Markets analyst Michael Hewson said: “This is certainly welcome news if true, given that earlier in the day European Commission officials were making the assumption the pipeline would not restart.”

But he added: “They would probably be wise to continue on this basis given the predilection for Moscow to weaponise gas flows as they already have been doing.”

While the mood among traders is positive, observers remained cautious.

“Recession fears certainly haven’t gone away and the rebound in equities over the past week could as much reflect a recovery from oversold levels and extreme levels of pessimism,” said SPI Asset Management’s Stephen Innes.

– Key figures at around 0810 GMT –

Tokyo – Nikkei 225: UP 2.7 percent at 27,680.26 (close)

Hong Kong – Hang Seng Index: UP 1.1 percent at 20,890.22 (close)

Shanghai – Composite: UP 0.8 percent at 3,304.72 (close)

London – FTSE 100: UP 0.4 percent at 7,327.75

Euro/dollar: UP at $1.0232 from $1.0226 on Monday

Pound/dollar: UP at $1.2004 from $1.2002 

Euro/pound: UP at 85.22 pence from 85.19 pence

Dollar/yen: DOWN at 138.19 yen from 138.21 yen

West Texas Intermediate: DOWN 1.8 percent at $102.40 per barrel

Brent North Sea crude: DOWN 1.4 percent at $105.89 per barrel

New York – Dow: UP 2.4 percent at 31,827.05 (close)

Hundreds evacuated as blaze engulfs Athens suburbs

Hundreds of people were evacuated early Wednesday as firefighters deployed planes and helicopters to fight a surging wildfire in mountainside suburbs north of Athens for a second day.

Nearly 500 firefighters, 120 vehicles, three planes and four helicopters swung into action from dawn to battle the flames from spreading to the suburbs of Penteli, Pallini, Anthousa and Gerakas, which is home to some 29,000 people.

No injuries were immediately reported but at least 10 homes are believed to have sustained varying degrees of damage, state TV ERT said.

“The sky was red…we left without taking anything with us,” a Pallini resident who lost his car and shed to the flames told ERT. 

The house next door was completely gutted.

“The civil protection authority was late in alerting us. The fire was scorching our backs, we left in the nick of time. Had we stayed another 30 seconds it would have burned us,” he said.

Greek media reported that an 80-year-old man in Anthousa had fatally shot himself in despair over the fire, which broke out on Tuesday afternoon.

Greece has so far been spared the scorching temperatures that have contributed to deadly wildfires in France, Portugal and Spain, destroying vast tracts of land, but has faced gale-force winds this week.

The wildfires on the foot of Mount Penteli north of Athens were fanned overnight by strong winds that constantly changed direction.

“There are two active fronts…the winds are so strong that the planes are prevented from making targeted water drops,” senior civil protection official Vassilis Kokkalis told Athens 98.4 radio.

He added that the fire was threatening businesses on a major Athens highway.

“It’s a fire that will be a cause for concern for several days because of rekindlings,” Kokkalis said.

Residents in several areas, a paediatric hospital and the national observatory at Athens were evacuated as a precautionary measure.

The police said some 600 people had been moved to safety overnight.

“It was insane, we did not know where to flee,” an elderly resident of Anthousa told ERT.

“Embers were falling from the sky, I’ve never seen anything like it,” he said.

Traffic was suspended on parts of a ring road around Athens, the company that manages it said on Twitter.

Greece has set up a crisis cell and firefighters battled 117 wildfires in the country in the last 24 hours.

Another 87 firefighters were battling a blaze in the Peloponnese, a southern peninsula.

Athens has asked European countries to send firefighters. A heatwave and wildfires last year destroyed 103,000 hectares (255,000 acres) and claimed three lives.

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