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Daily Record
11-07-2025
- Climate
- Daily Record
Fire alert in Portugal holiday hotspots
A number of districts in Portugal are currently on 'high alert' due to the heightened risk of wildfires, with the warning set to remain in place until the weekend Several areas across Portugal have been placed on the highest level of alert for wildfires, according to updates from the Portuguese Institute for Sea and Atmosphere (IPMA) on Thursday, July 10. It comes just weeks after the country recorded its hottest temperature ever. The wildfire warning emphasised that residents in various areas in the North, Centre and Algarve regions should also be especially cautious as these areas will continue to be on high and medium alerts all weekend. Currently, Bragança, Guarda and Viseu, are the only areas on the maximum alert level, a significant climbdown from July 10 when over 20 municipalities faced the highest risk of wildfires. Bragança, increasingly popular with tourists, boasts a renowned medieval castle and is near the expansive Montesinho Natural Park. Guarda, the loftiest city in Portugal, offers breathtaking views. Viseu, known for its charming cobbled streets, serves as a gateway to the Dao wine region. Castelo Branco is recognised as part of UNESCO's Creative Cities Network. While the current warnings are anticipated to be downgraded over the weekend, by mid-July nearly half of Portugal is expected to be under the highest alert level. The IPMA categorises wildfire risks into five levels: low, moderate, high, very high, and highest. Earlier this week, the UK Foreign Office issued a warning about the dangers of wildfires in Portugal, as reported by the Mirror. The advisory cautioned: "There is an increased risk of wildfires from April to October when the weather is hot and dry. "Wildfires can start anywhere in Portugal. Wildfires are highly dangerous and unpredictable. The Portuguese authorities may evacuate areas and close roads for safety reasons." With the risk level raised, even accidental fires could result in severe fines or imprisonment for those responsible. This ban extends to casual bonfires, barbecues, fire stoves, fumigation, and any use of rockets or balloons with live fuses. The Mirror highlighted that visitors heading to areas prone to wildfires in Portugal should: Follow the advice of the Portuguese authorities Dial 112 to alert emergency services if you spot a fire Get acquainted with local safety measures and emergency procedures Check the fire risk index for your location Portugal typically experiences heightened wildfire activity from April to October due to its hot, dry summer climate. Although there haven't been any major fires reported this year, the first half of the year saw over 3,000 fire incidents, resulting in more than 8,000 hectares of land being scorched. In late June, mainland Portugal experienced a record-breaking temperature of 46.6C, as reported by Euro News. The country's Directorate-General for Health has also noted 284 deaths during the current heatwave.
Mint
07-07-2025
- Business
- Mint
Best paper stocks to buy today, 7 July, recommended by NeoTrader's Raja Venkatraman
India's paper industry is navigating a pivotal moment, shaped by evolving trade dynamics and domestic policy shifts. As Q4FY25 results roll in, the sector reflects a mixed financial performance, but optimism is building on the back of government efforts to reduce import dependency, especially from China. Despite margin compression for some players, the sector remains fundamentally strong, supported by rising demand from the packaging, e-commerce, and education sectors. The Indian government has intensified efforts to protect domestic paper manufacturers from a surge in low-cost imports, particularly from China. Also Read: Marico has growth in place. Now, profit margin needs to improve. India imported over 2.05 million tonnes of paper and paperboard in 2024-25, a 33% jump from China alone, valued at nearly ₹15,000 crore. The Indian Paper Manufacturers Association (IPMA) has urged the government to ban inferior-grade imports and include paper in the exclusion list of the Asean-India FTA. The government is set to implement quality control orders (QCOs) to restrict substandard imports, especially from China and Asean nations. Anti-dumping duties and tariff hikes are being considered to level the playing field for domestic producers. These measures are expected to reduce India's reliance on Chinese imports, which currently account for 27% of total paper imports. The policy shift is already reflecting in stock performance, with several paper stocks rallying 10-35% in anticipation of improved domestic competitiveness. Outlook: Structural tailwinds and investment potential The convergence of policy support and rising demand offers a promising outlook for the sector: Capacity expansion: Companies such as JK Paper and Tamil Nadu Newsprint are investing in capacity upgrades to meet growing domestic demand. Sustainability focus: With increasing emphasis on eco-friendly packaging, paper manufacturers are well-positioned to benefit from the global shift away from plastics. Stock market sentiment: Investors are eyeing paper stocks as potential beneficiaries of import substitution and government protectionism. Also Read: Made in India semiconductor chips are in focus. Watch out for these 5 stocks Looking at the above factors, I have selected some candidates from this sector that are showing potential to revive in the next few months. Here are three paper stocks to buy or sell as recommended by NeoTrader's Raja Venkatraman for today: WSTCSTPAPR (Cmp 563.15) Buy above ₹565 and on dips near ₹533 with a stop below ₹520 for a rise towards ₹615 - 635. Why it's recommended: A strong surge is seen on Friday in this counter, coupled with steady buying interest that emerged at every decline, has pushed the prices ahead. Ahead of the results, the prices have pushed beyond the median line, which spells well for the counter. The paper sector is witnessing steady buying interest that is driving the trends upward. The RSI is continuing to push for more upside and can be considered as a continuation of the positive signs of resumption. Key metrics: P/E: 12.63 | 52-week high: ₹382.15 | Volume: 690.87K Technical analysis: Support at ₹490, resistance at ₹640. Risk factors: Rising input costs, increasing competition from imports, and a shift towards digital media raise issues. Buy: Above ₹565 and dips to ₹533. Target price: ₹615-635 in 1 month. Stop loss: ₹520. JKPAPER (Cmp 406.30) Buy above ₹407 and on dips near ₹380 with a stop below ₹365 for a rise towards ₹450-470. Why it's recommended: Stocks from the paper space have attracted attention, doing well in recent months. This counter has managed to hold on to key support zones around 380, and the prices quickly revived above the near-term support zone to head strongly higher in the latter half of the week. We can observe that there are sizeable volumes building up, suggesting that the prices could now travel to the next resistance zone around 450. The demand at lower levels and a nice long body bullish candle does suggest more upside in the coming sessions. Key metrics: P/E: 17.55 | 52-week high: ₹599 | Volume: 7.73M Technical analysis: Support at ₹350, resistance at ₹500. Risk factors: Rising input costs, increasing competition from imports, and a shift towards digital media raise issues. Buy: CMP and dips to ₹24. Target price: ₹28.50-30 in 1 month. Stop loss: ₹23. PDMJEPAPER (Cmp 121.42) Buy CMP and dips to ₹113, stop ₹111, target ₹134-140. Why it's recommended: PDMJEPAPER is showing some steady progress, and the periodic higher high/higher low formation indicates that the trends are firmly hinting at some potential upside in the coming days. The Cup and Handle formation seen since the last few weeks, as per Ichimoku TS & KS lines, is hinting at a possible upward drift. Key metrics: P/E: 12.05 | 52-week high: ₹232.15 | Volume: 413.61K Technical analysis: Support at ₹100, resistance at ₹140. Risk factors: Rising input costs, increasing competition from imports, and a shift towards digital media raise issues. Buy: CMP and dips to ₹113. Target price: ₹134-140 in 1 month. Stop loss: ₹111. Conclusion While Q4FY25 earnings were mixed, the Indian paper sector is poised for a structural re-rating. Government initiatives to curb Chinese imports, coupled with rising domestic demand and sustainability trends, could catalyze a new growth cycle. For investors and policymakers alike, paper stocks may soon turn from a cyclical play into a strategic asset class. Also Read: Falling imports can get MDF firms out of woods, but it will be slow grind Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
New York Post
02-07-2025
- New York Post
One of Europe's most popular tourist destinations shutters temporarily — here's why
Wind, rain and snow won't stop tourists from gallivanting across Europe, but heat just might. Temperatures across the continent are soaring as the region has been suffering from a record-breaking heat wave, with some of the highest readings clocking in at around 115°F near Mora, Portugal, according to the country's weather agency IPMA. 4 On July 1, temperatures in Rome climbed as high as 40C, or 104F. Getty Images Intense sun and abnormally high temperatures over the past several days have caused environmental damage, fatalities and standstills. Italy has seen a 15-20% uptick in hospital admissions as a result of symptoms related to excessive heat, and several people in the country have died of heatstroke. Though the tourism industry makes up a 'vital 10%' of the European Union's total GDP, per EU Parliament 2025 reports, several popular landmarks, monuments and destinations have been closed as a result of unmanageable summer heat. One such locale was Paris' iconic Eiffel Tower, which closed on July 1 and July 2 for 'the comfort and safety of visitors and staff,' according to its website, since temperature highs reached 104 degrees on Tuesday. 4 City sanitation staff even showed up at the landmark on July 1 and helped cool people down with a refreshing spritz. YOAN VALAT/EPA/Shutterstock While the shuttering of the famous stop's iconic summit was a sore spot for many tourists, decks on the first and second floors of the tower remained open for ticketholders. Other visitors simply weren't fussed, and took a short trek across the Seine river to the Trocadéro to take in the view while cooling off with a dip in the massive fountain. 4 This summer spells record-high temperatures for many European countries, with France among them. Government agencies logged last month as the second hottest June in the country's recorded history. AFP via Getty Images 4 The national weather agency placed France under the highest red alert, and closed over a thousand schools over temperature concerns. AFP via Getty Images Though victims of the heatwave were able to seek respite in pools, fountains and mountain lakes in some regions, others weren't so fortunate. The Mediterranean is experiencing its own marine heat wave, and when coupled with the general heat dome stretching across the rest of the continent — beachgoers in Spain, Greece and southern France are simply out of luck. 'With water surface temperatures from 26-30 °C [78-86 °F], it is difficult for our nights to be refreshing,' Rámon Pascual, a representative for the Spanish weather service in Barcelona, told The Associated Press. Locals of many popular European travel destinations have voiced concerns about 'overtourism' in recent years, and alarmed activists have begun staging protests — including one especially prominent one back in April that seized global headlines, where Barcelona demonstrators shot water pistols at tourist-packed buses and attractions. Given how resource scarcity has been exacerbated by tourist presence during difficult infrastructural periods like the current heatwave, and annually recurring temperature increases, it seems more instability and uncertainty are to come.
Euronews
02-07-2025
- Climate
- Euronews
June heatwave pushes Europe into record-breaking territory
As Europe bakes in its first major heatwave of the year, temperature records are being broken across the continent. During June, countries experienced temperatures more typical of July and August, with records broken from the Arctic Circle to the Mediterranean. The Portuguese weather service (IPMA) reported 46.6 °C in Mora on 29 June - the hottest ever recorded in mainland Portugal during June. Norway's Banak station reached 32.5°C, the highest temperature ever recorded within the European Arctic for the month. The extreme heat has brought health warnings, school closures and restrictions on outdoor work. The European Centre for Medium-Range Weather Forecasts (ECMWF) has said that for the continent as a whole, this month is likely to rank among the top five warmest Junes on record. How long will Europe's heatwave last? Scientists have said that this extended period of above-average temperatures is being caused by a heat dome. This is when a high-pressure area stays over the same place for days or even weeks, trapping the hot air below it. This acts something like a saucepan lid, causing temperatures to become hotter and hotter. Last week, a strong area of high pressure built over Western Europe. It extended up across Spain and Portugal into France, then spread to Germany and Italy over the weekend. After days of record-breaking heat, forecasters say there will be some relief on Wednesday into Thursday as thunderstorms and cooler temperatures arrive from the Atlantic, according to Météo-France. Spain and Italy may have to wait until the weekend to see temperatures begin to drop. France sees its second-hottest June since 1900 In France, temperatures of 40°C were recorded in Paris on Tuesday. The country's national weather agency placed several regions under the highest red alert. More than 1,300 schools were fully or partially closed across the country, and the summit of the Eiffel Tower has been closed to visitors until Thursday because of the heat. "June 2025 has become the second hottest June since records began in 1900, behind June 2003," French Ecology Minister Agnes Pannier-Runacher said on Wednesday morning. 30 June was the hottest day since measurements began in 1947, according to Météo-France. Later, Pannier-Runacher added that more than 300 people have been taken into emergency care, and two had died as a result of heat-related illnesses. June 'pulverised' heat records in Spain Spanish weather service Aemet said that an 'extremely hot' June had 'pulverised records', surpassing the normal averages for July and August. It recorded an average of 23.6°C - the highest for the month in 64 years and 0.8°C higher than the previous record set in 2017. Provisional data shows that nine days in June broke records for their respective dates. Aemet says that in an 'undisturbed climate', five record warm days would be expected in an entire year. Ramón Pascual, a delegate for Spain's weather service in Barcelona, told The Associated Press the "very intense heat wave' is clearly linked to global warming. High sea surface temperatures in the Mediterranean are not helping either, as they reduce any cooling effects a nearby body of water might have. Millions of Europeans are being exposed to high heat stress The June-July heatwave is exposing millions of Europeans to high heat stress, according to Samantha Burgess, strategic lead for climate at the ECMWF. 'And our reanalysis data shows that many Europeans have experienced very high temperatures for the period since the start of June,' she adds. 'The temperatures observed recently are more typical of the months of July and August and tend to only happen a few times each summer. We saw it again in 2024, the warmest year on record.' Burgess also says climate change is making heatwaves more frequent and more intense, and they are now impacting larger geographical areas. Hot spells like this could become more frequent in the UK The UK experienced its hottest day of the year so far on Tuesday with a recorded temperature of 34.7°C in London's St James's Park. Provisional data from the Met Office indicates that the country experienced its second warmest June since 1884. The average temperature for the month reached 15.2°C, only surpassed by June 2023, which saw average temperatures of 15.8°C. It follows a record-breaking spring that was officially the warmest and sunniest on record. June continued that trend, the Met Office said, marked by two heatwaves and high temperatures at the end of the month. 'While we've not conducted formal climate attribution studies into June 2025's two heatwaves, past studies have shown it is virtually certain that human influence has increased the occurrence and intensity of extreme heat events such as this,' says Met Office climate scientist Dr Amy Doherty. Doherty adds that numerous climate attribution studies have shown that human influence increased the chance of specific heatwaves occurring, including those in summer 2018 and July 2022. "Our Met Office climate projections indicate that hot spells will become more frequent in our future climate, particularly over the southeast of the UK. Temperatures are projected to rise in all seasons, but the heat would be most intense in summer."
Saudi Gazette
02-07-2025
- Climate
- Saudi Gazette
Eiffel Tower is closed to tourists due to searing heat
PARIS — A marine heat wave in the Mediterranean Sea is combining with a powerful heat dome to cause Europe to swelter under a brutal early summer heat wave. It's a pattern that's popping up frequently as the planet warms: The influence of Mediterranean marine heat waves has been more pronounced in recent summers, with the ocean heat playing a role in spiking temperatures on land, contributing to deadly floods and stoking devastating fires. Water temperatures in the Mediterranean Sea are up to 9 degrees above average for this time of year amid a significant marine heat wave. The most intense warming is present in the western Mediterranean, including just south of France. This is helping to cause high humidity to surge north and to keep temperatures elevated at night across the heat wave-affected regions. The heat wave, which also involves hot air flowing north from Africa, is also reinforcing the marine heat wave in a feedback cycle. Temperatures have broken records in Spain and Portugal as swaths of Europe brace for more records to fall through Wednesday as the heat wave town of El Granado in Spain saw temperatures spike to 46 degrees Celsius (114.8 Fahrenheit) on Sunday, a new national record for June, according to Spain's national meteorological service AEMET. Last month was Spain's hottest June in recorded history, as temperatures 'pulverized records,' Aemet said Portugal, a provisional temperature of 46.6 degrees Celsius (115.9 Fahrenheit) was recorded in the city of Mora, about 80 miles east of Lisbon, according to the country's weather service IPMA, which would be a new national record for heat is sweeping almost the entirety of France. Multiple towns and cities endured temperatures above 100 degrees on Monday, according to provisional recordings from Météo France.A red heat wave warning, the highest designation, is in place for 16 French départements Tuesday, including Île-de-France, where Paris is located. The Eiffel Tower summit is closed to tourists Tuesday and Wednesday, with staff asking their would-be visitors to take precautions during the searing heat.'We apologize for the inconvenience caused, Eiffel Tower staff wrote on the landmark's website. 'During this period of high temperatures, please remember to protect yourselves from the sun and stay hydrated regularly.'The United Kingdom is also baking, currently enduring its second heat wave of the summer. Temperatures pushed above 90 degrees on Monday, making for very uncomfortable conditions in a country where fewer than 5% of homes have air conditioning.'The current June-July heatwave is exposing millions of Europeans to high heat stress,' Samantha Burgess, strategic lead for climate at the European Centre for Medium-Range Weather Forecasting, said in a statement.'The temperatures observed recently are more typical of the months of July and August and tend to only happen a few times each summer.'Wildfires are sweeping several countries as the temperatures spike. Fires broke out Sunday in Aude, in the southwest of the country, burning nearly 400 acres. In Turkey, 50,000 people have been evacuated as firefighters tackle fierce blazes mostly in the western Izmir and Manisa records are also poised to fall Tuesday and Wednesday in Germany as the heat dome expands east, and before a series of relief-providing cold fronts begin to swing into northwestern Europe from the climate change is causing heat waves to be more frequent, intense and long-lasting. Europe is the fastest-warming continent, and is warming at twice the rate of the rest of the world. Climate change is also leading to more frequent and intense marine heat waves. — CNN
