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Extreme Weather Cost Europe €43 Billion in 2025, Could Triple by 2029

18 Sep. 08:37

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In the summer of 2025, Europe faced extreme heat, droughts, and floods that caused an estimated €43 billion in damage, experts report. This figure is conservative and doesn’t include losses from wildfires, hailstorms, or severe wind events. If climate trends continue, the total damage could reach €126 billion by 2029.

According to research, 96 regions experienced intense heat, 195 regions faced drought, and 53 were hit by floods. Southern European countries — including Spain, Italy, Portugal, Greece, and southern France — were hardest hit. While northern countries like Denmark, Sweden, and Germany saw less damage, the frequency of extreme events is rising there as well.

Southwestern France, including cities like Angoulême, Bergerac, Bordeaux, Saint-Émilion, and Saint-Girons, broke temperature records — in some areas temperatures were 12°C above average. Spanish tourist hotspots like Málaga and Seville suffered from prolonged drought, while Italy’s Lombardy region faced violent storms that caused flash floods, disrupting transport and forcing the closure of schools and public venues.

The UK endured an extended drought, and experts warn this year’s crop yield could be one of the worst on record. Researchers emphasize that climate-related disasters are already undermining Europe’s economic stability — and the damage will grow unless climate action is taken.

Separately, scientists have identified new “seasons” on Earth, informally dubbed the “fog season” and the “garbage season,” both posing risks to ecosystems and human health.

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Tech Giant Amazon Negotiates Landmark $7 Billion Acquisition of AI Startup Decart

Today in 11:31

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Amazon is reportedly in advanced talks to acquire the Israeli artificial intelligence startup Decart in a deal valued at approximately $7 billion, according to The Wall Street Journal. Founded in 2023, Decart specializes in software that seamlessly bridges various AI processors and develops generative 3D world models such as "Lucy" and "Oasis." The startup had previously reached a $4 billion valuation earlier this year after raising over $400 million from major venture funds.

The strategic acquisition is poised to boost Amazon’s AWS cloud computing division, enhancing its proprietary Trainium3 AI chips to better compete against market leader Nvidia in generative AI hardware infrastructure.

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