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Europe’s parched earth hits corn as climate crisis resounds

Bloomberg Searing temperatures are shriveling corn crops across Europe, in the latest sign of a deepening crisis that spans everything from Rhine River transport to Spanish olive growers. Sown in the spring, corn is under stress due to a lack of rain as the region struggles with rolling heat waves. Three-quarters of Romania, Europe’s biggest producer, is affected by drought ...

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German factory orders fall in June

  Bloomberg German factory orders sank for a fifth month in June as rampant inflation and global supply disruptions continued to weigh on the outlook in Europe’s largest economy. Demand slipped 0.4% from May, driven by a decline in orders for investment goods, particularly from abroad. That brought annual number down 9%. Economists had predicted a drop of 0.9% on ...

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Toronto home prices drop for 4th month

  Bloomberg Toronto benchmark home prices fall for a fourth-straight month, a record-breaking streak of declines that some economists warn could become an historic downturn in Canada’s real estate market. The home-price index in Canada’s largest city declined 3.9% in July from the month earlier, bringing the total drop since April to 13.3%, according to data released on Thursday by ...

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