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The UK Government Lobbied For Putting Migrants And Trans People On Banknotes

The UK Government Lobbied For Putting Migrants And Trans People On Banknotes

Authored by Steve Watson via Modernity News,

The UK's own Cabinet Office pushed hard to overhaul banknotes by elevating LGBT+ and ethnic minority figures, claiming historic greats like Winston Churchill gave an "incomplete picture" of British identity. This push came just before the Bank of England decided to ditch those same towering historical figures for images of hedgehogs and foxes.

This latest revelation exposes the ideological machinery at work inside Whitehall. While the public recoiled at the idea of swapping national heroes for animals, government officials were actively lobbying for even more radical identity-driven changes.

In a letter to the Bank of England's chief cashier last summer, officials from the Office for Equality and Opportunity - part of the Cabinet Office and led by Bridget Phillipson - argued that current historical figures reflected "limited dimensions of British identity." They called for "greater representation of women, disabled people, ethnic minority communities and LGBT+ individuals" to "send a strong signal of progress and recognition."

The whole saga is particularly ridiculous because the core argument for axing Churchill and other giants was that they were supposedly too "ideologically divisive" for modern Britain.

Yet officials simultaneously pushed to install figures selected explicitly through the lens of identity politics and group representation - an approach guaranteed to be far more polarizing in practice.

It reveals the selective outrage: traditional British heroes are labeled divisive for their achievements, while injecting contemporary activism onto the currency is framed as unifying "progress."

The intervention has sparked accusations that Labour elements conspired to sideline Britain's most celebrated figures.

Shadow minister Alex Burghart slammed the move: "Labour tried to deny any involvement in the cancellation of Winston Churchill and other British heroes. But government officials have been caught red-handed conspiring with the Bank of England to remove them from our banknotes."

He added that banknotes "should feature the greatest Britons - the historic figures that unite our country. They shouldn't be chosen on the basis of Labour's equality laws."

This diversity drive unfolded alongside the Bank of England's decision to replace Churchill on the £5 note, Jane Austen on the £10, J.M.W. Turner on the £20, and Alan Turing on the £50 with images of British animals, plants, and landscapes. The Bank cited a public consultation where a majority favored nature themes, partly for security reasons on new polymer notes.

Critics have pointed out the irony, noting Alan Turing - a gay war hero - was already featured, yet the push continued for broader "under-represented" groups. Suggestions reportedly included figures tied to events like the Empire Windrush.

This fits a longer pattern of institutional discomfort with Britain's historic icons. Our earlier coverage highlighted the absurdity of trading Churchill for hedgehogs and the broader erosion of national symbols.

A serious nation honors the leaders who defended its freedom and shaped its character - not because they tick modern demographic boxes, but because their achievements built the country whose currency circulates today.

Swapping out the likes of Churchill for foxes and badgers, while civil servants agitate for identity politics on money, signals a profound loss of confidence. Britain's history is not a problem to be diluted. It is the foundation worth preserving.

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Tyler Durden Tue, 07/14/2026 - 07:45

JPMorgan Drops Despite Highest Quarterly Profit In HIstory, As Traders Focus On Negatives

JPMorgan Drops Despite Highest Quarterly Profit In HIstory, As Traders Focus On Negatives

Q2 earnings season is officially off.

Moments ago, JPMorgan became the first mega bank to report Q2 earnings (technically Wells beat it by a few second but nobody really cares about that particular bank), firing the starting pistol on the second quarter earnings season. The Q2 results were solid (Net Interest Income and FICC miss but more than offset by blowout Equity Sales and Trading and Investment Banking revenue) , but as we note in out bank earnings preview last night, perfection (and beyond) was already largely priced into the stock which has become a true hedge fund hotel, and as a result the stock is modestly in premarket trading. 

Here is a snapshot of what the company reported for Q2:

  • EPS $7.70, beating est. of $5.58, and up $2.46 YoY
  • Revenue: 
    • Adjusted revenue $58.02 billion, smashing est $51.39 billion, and up $12.3 billion YoY
    • Managed net interest income $25.62 billion, missing est, $25.64 billion 
    • Total Commercial and Investment Bank revenue $24.85BN, up $5.32BN YoY
      • FICC sales & trading revenue $6.05 billion, missing est. $6.29 billion with weakness in commodities
      • Equities sales & trading revenue $6.03 billion, smashing est. $3.98 billion
      • Investment banking revenue $3.90 billion, smashing est. $3.06 billion
        • Advisory revenue $1.01 billion, missing est. $1.07 billion
        • Equity underwriting rev. $829 million, beating est. $621.3 million
        • Debt underwriting rev. $1.44 billion, beating est. $1.17 billion

Let's take a closer look at JPM's Q2 earnings. 

First, the good news: JPM reported its highest quarterly profit ever as stock traders blew past analysts’ estimates and a long-held Visa stake paid off to the tune of $4.6 billion. Indeed, a notable one-off item that contributed to the firm’s success this quarter was JPMorgan' $4.6 billion net gain related to the sale of Visa shares. The bank said this in its earnings supplement: "The net gain was “related to Visa Class C common stock held at fair value and received by the Firm in an exchange offer following the acceptance by Visa Inc. on May 11, 2026 of the Firm’s tender of its 18.6 million shares of Visa Class B-2 common stock.”

More good news: equity trading was stellar, with Q2 equities revenue rising 86% from a year earlier to $6.03 billion, anmd more than $2 billion higher than expected; In fact, it beat even the highest estimate among analysts surveyed by Bloomberg and brought total trading revenue to $12.1 billion, more than the previous all-time high set in the first three months of this year. 

There was bad news: FICC revenue of $6.05 billion missed estimates of $6.29 billion with weakness in commodities Additionally, while Investment Banking beat, advisory revenue of $1.01 billion missed estimates of $1.07 billion. And while managed net interest income increased by more than 9% from a year prior to $25.62 billion from $23.31 billion last year, it was a slight miss to the $25.64 billion estimate. 

There was some more bad news, this time on the expense side: Q2 expenses were $27.3 billion, more than expected. The firm also updated its full-year cost guidance to about $107.5 billion, beyond the increase Dimon telegraphed at an industry conference in May.

Investment banking was in focus in the wake of SpaceX’s record initial public offering in June. JPMorgan pulled in $3.28 billion in investment-banking fees in the second quarter, beating estimates and up 30% from a year earlier "driven by higher fees across all products, with particularly strong performance in equity underwriting fees."

The bank’s provision for credit losses – how much JPMorgan expects to lose from uncollectible loans – was $2.52 billion for the period, significantly less than the $3.09 billion that analysts had expected. Of this, net charge-offs were $2.37 billion, also below the estimate $2.62 billion. 

Even as almost every business exceeded expectations, CEO Jamie Dimon was cautious about prospects for the future.

“Several risks are shifting below the surface like tectonic plates, including geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices,” Dimon said in the statement. “We cannot predict how these forces will ultimately play out. They may remain manageable, but they could also cause meaningful disruptions when they shift or collide.”

Jamie Dimon also pointed out that card annual fees jumped by more than 30%, “reflecting healthy retention levels after recent product refreshes as well as demand for our premium products.”

Looking ahead, the firm expects full-year net interest income to now be about $105.5 billion, after previously anticipating it would be around $103 billion. For the quarter, it came in at $25.5 billion. That, however, comes along with the increase in full year expenses to $107.5BN. In a presentation Tuesday, the firm said the increase is “primarily due to higher volume- and revenue-related expenses driven by the activity levels and associated revenue outperformance.” For the quarter, expenses were $27.3 billion, more than expected.

The bank also said it expects the full-year net charge-off rate in its credit-card business to come in at around 3.2%, lower than the 3.4% guidance it provided in April.

The report comes as Jamie Dimon is finally preparing his sucession: last month, the bank named Troy Rohrbaugh and Doug Petno co-presidents of the firm, the latest twist in the race to succeed Dimon, 70, when he eventually steps down. The bank said longtime executive Marianne Lake would retire as part of the changes, with Rohrbaugh replacing her atop the company’s sprawling consumer arm and Petno gaining sole control of the commercial and investment bank. 

Looking back, today’s report isn’t helping the priced to perfection stock, which has been a laggard year-to-date on a total-return basis -- up only about 5% including dividends through yesterday. Morgan Stanley, Goldman Sachs and Citigroup all delivered more than 20% including payouts, and Bank of America has returned more than 9% by that measure. Wells Fargo is the standout loser, down almost 5% this year even after counting dividends.

Shares of JPMorgan, up 3.8% this year through Monday, fell 2.6% in early New York trading.

Full Q2 invest presentation below (pdf link)

JPM Q2 2026 Results by Zerohedge

Tyler Durden Tue, 07/14/2026 - 07:36

Ericsson Tumbles On Margin Headwinds Sparked By Memory Chip Inflation

Ericsson Tumbles On Margin Headwinds Sparked By Memory Chip Inflation

Ericsson shares in Stockholm plunged the most in 18 months after the Swedish telecom equipment giant warned that soaring component costs will pressure margins in its core networks business this quarter.

The stock fell as much as 10% in Stockholm after outgoing CEO Börje Ekholm warned about higher input costs, partly driven by AI-fueled demand for memory chips. Citi analysts said the top concern is the margin impact extending into 2027.

"The big challenge in our view is the building component cost pressure and, not so much the near-term impact, but more the pressure to come in 2027," Citi analyst Andrew Gardiner wrote.

Second-quarter adjusted earnings before interest, taxes and amortization tumbled 7% to 6.88 billion kronor, slightly above the Bloomberg Consensus estimate of 6.82 billion kronor. Ericsson has been slashing costs as soft carrier spending weighs on the telecom-equipment industry. It eliminated about 5,000 jobs in 2025 and targets similar headcount reductions this year.

BNP Paribas analysts highlighted the "cost pressure building" for Ericsson:

What happened?

The Ericsson call has now finished, and the stock is down c7%. The main focus on the call was on rollout costs, semis cost inflation, and IPR.

BNPP View:

1. Network‑rollout cost drag: Ericsson highlighted that the first few quarters of a network‑rollout cycle are financially the most demanding. The company expects a ramp‑drag in the next few quarters as the mix shifts toward large‑scale rollout projects (we presume India/Japan), which depresses margins before economies of scale and higher volumes kick in. Ericsson said the contracts are accretive over the longer term, even though the short‑term impact on gross margin will be negative. We interpret this that the ~100bp weaker margin in GM in Q3 26 is likely to see continued mix effect drag for a few more qtrs.

2. Memory‑cost inflation and limited pass‑through: Ericsson confirmed that semiconductor price inflation remains an increasing issue. Input‑costs rose in Q2, and the financial impact will increase over the coming quarters, prompting Ericsson to pursue product substitution, targeted cost‑reduction programmes, and longer‑term structural actions such as price adjustments on new tenders and renegotiations with existing customers. Because most contracts are long‑term, they lack automatic price‑pass‑through clauses, i.e. Ericsson company cannot fully offset the higher component costs automatically. Pass‑through will be gradual and is subject to negotiation on a case‑by‑case basis. This is a weaker level of pricing power than we had appreciated and suggests that Ericsson might not be able to fully pass on cost inflation this time.

3. IPR one‑off impact: Ericsson will not have a major one‑off impact from the new IPR settlement. Instead, the agreement is reflected in a higher IPR ARR of SEK13.5bn (was SEK13.0bn). Ericsson said impact of the agreement is marginal in Q3 26 (we presume SEK500m divided by 4).

In a separate note, Barclays analyst Simon Coles told clients that while Ericsson posted "another quarter of resilient margins," the company is warning that headwinds are mounting in the second half of the year.

Ericsson is guiding down its networks gross margin:

  • Sees Networks adj. gross margin 48% to 50%, Bloomberg Consensus estimate 49.5%

Ericsson did not directly blame soaring memory chip prices for margin compression in its earnings release or during the earnings call with analysts.

However, Deutsche Bank analyst Janardan Menon pressed management on an earnings call about rising random-access memory prices and the competitive advantage enjoyed by Chinese telecom giants, which can source these chips at lower prices.

CEO Ekholm responded: "And there may be, as you say, a little bit lower cost inflation in the Chinese ecosystem. And as you know, we cannot rely on that ecosystem to export to a number of countries we're in. That forces us to look at the product design in a different way."

Tyler Durden Tue, 07/14/2026 - 07:20

These Are The Cities Where Burglaries Spike In The Summer

These Are The Cities Where Burglaries Spike In The Summer

For years, homeowners have been told that summer is prime time for burglaries as families leave for vacations and homes sit empty. But a new analysis of FBI crime data suggests that advice only tells part of the story, according to Moneygeek.

After examining burglary reports from 74 of the nation's largest cities between 2022 and 2024, researchers found that while burglary rises modestly during the summer nationwide, the pattern varies dramatically depending on where you live. In many parts of the country, summer really is burglary season. Along much of the West Coast, however, the opposite is true.

Overall, burglaries were just 5.6% higher during June through August than during the rest of the year, far less than the large seasonal spikes often suggested by conventional wisdom. More importantly, that national average masks major regional differences.

Moneygeek notes that cities with cold winters experienced the strongest seasonal swings. Minneapolis posted the largest increase, with summer burglaries jumping roughly 47% compared to the rest of the year. Other northern cities, including St. Paul, Newark, Buffalo and Indianapolis, also recorded significant summer increases.

Researchers believe harsh winters may naturally suppress burglary activity by keeping more people indoors and reducing opportunities for break-ins. When warmer weather arrives, vacations, student departures and increased travel may create more opportunities for property crimes.

The picture changes almost completely along the Pacific Coast.

Cities including Riverside, Portland and San Diego actually experienced fewer burglaries during the summer than during the rest of the year. Riverside showed the strongest reversal, with burglary rates falling more than 12% during the summer months. Honolulu and several other coastal cities displayed similar trends.

Rather than peaking during vacation season, many West Coast cities recorded their highest burglary activity during the winter months. Researchers suggest that milder climates eliminate the dramatic seasonal shifts seen in colder regions, leading to a much different pattern of criminal activity.

The study grouped cities into three broad climate regions. Cold-weather cities averaged nearly a 12% summer increase in burglaries, while Sun Belt cities showed only a modest seasonal change of roughly 5%. Pacific Coast cities, meanwhile, averaged a slight decline in burglary during the summer.

The findings also challenge the idea that homeowners across the country should prepare for burglary risk at the same time each year.

For residents in northern cities, traditional summer precautions—such as using timers, security cameras, holding mail and checking alarm systems—appear well supported by the data. But homeowners along the West Coast may actually benefit more from increasing those precautions during the colder months instead.

Researchers caution that the data does not prove why these seasonal patterns exist. The FBI's monthly statistics also combine residential and commercial burglaries, making it impossible to isolate exactly what's driving the differences. Still, the geographic pattern was remarkably consistent, with cold-weather cities showing substantially stronger summer increases than their Pacific Coast counterparts.

The broader takeaway is that there is no single national "burglary season." Instead, burglary trends appear to be heavily influenced by regional climate and local conditions, suggesting that homeowners may want to think about seasonal security differently depending on where they live.

Tyler Durden Tue, 07/14/2026 - 05:45

Germany Stops Recommending COVID-19 Vaccination For Most People Under 75

Germany Stops Recommending COVID-19 Vaccination For Most People Under 75

Authored by Zachary Stieber via The Epoch Times,

Germany has updated its COVID-19 vaccination recommendations, advising most people under 75 not to receive a COVID-19 vaccine.

A health worker at a mobile COVID-19 vaccination station in a shopping mall fills a syringe with the Pfizer-BioNTech vaccine in Ludwigsburg, Germany, on Nov. 11, 2021. Thomas Kienzle/AFP via Getty Images

Germany's Standing Committee on Vaccination, which offers vaccine recommendations for the country, on July 9 said in a 33-page document that its stance on COVID-19 vaccination was changing "to reflect the current epidemiological situation and the population's immune status."

The committee, known as STIKO, added: "A large proportion of the adult population now has hybrid immunity, characterised by exposure to a variety of antigenic contacts, and is therefore sufficiently well protected against severe cases of COVID-19.

"This also applies to healthy pregnant women. Consequently, the recommendation to achieve baseline immunity for the adult population (including pregnant women without underlying conditions or pregnancy-related complications) is no longer applicable. In [the] future, the standard vaccination recommendation will apply to those ≥ 75 years of age."

STIKO's recommendations are advisory, but form the basis of guidance adopted by states and the Federal Joint Committee's vaccination directives. STIKO comprises members from the Robert Koch Institut, with members representing specialties such as pediatrics and virology.

In January, STIKO's updated immunization schedule advised people aged 60 and older to receive a COVID-19 vaccine annually, and people aged 18-59 who had not received a shot in the past to receive one, including women of childbearing age and pregnant women, and people who had not achieved at least three antigenic contacts for baseline immunity, or a combination of at least three prior shots and COVID-19 infections.

STIKO also recommended COVID-19 vaccination for people aged 6 months and older with specific conditions that the committee said increased their risk of serious illness, such as chronic liver disease and obesity, as well as family members and close contacts of people in whom COVID-19 vaccination was not likely to produce a protective immune response.

In the United States, the Centers for Disease Control and Prevention in January rolled back COVID-19 vaccine recommendations, but a federal court blocked the update. An appeal is ongoing.

Four categories of changes precipitated the updated advice, STIKO said on July 9, including that much of the adult population has hybrid immunity.

STIKO also found that severe cases of COVID-19 during pregnancy have become "very rare"; that COVID-19 case numbers, hospitalizations, and deaths have been steadily declining; that deaths are happening mostly among people aged at least 75 years; and that a seasonal pattern of COVID-19 has become established, with cases peaking in the late summer and early fall.

While removing the general recommendation for most of the population under 75 years of age, STIKO is still recommending vaccination for people at increased risk due to underlying illnesses, including pregnant women.

Tyler Durden Tue, 07/14/2026 - 05:00

Tipping Point: When Populations Peak

Tipping Point: When Populations Peak

Last weekend (July 11 to be exact) marked World Population Day, celebrating the approximate day that the world's population reached 5 billion on July 11, 1987.

With that in mind, Statista's Felix Richter takes a closer look at one of the population trends that will affect many countries sooner or later in the 21st century: population decline.

When Populations Peak | Statista

You will find more infographics at Statista

Especially prevalent across Europe and developed Asia, this demographic trend is a consequence of declining birth rates and ageing populations and poses significant challenges to the countries affected.

In countries like Japan and Italy, where population decline is estimated to have begun in 2010 and 2014, respectively, fertility rates have fallen below the replacement level of 2.1 percent a while ago. Influenced by factors such as higher education and career opportunities for women, shifts in societal norms regarding family and childbearing and an ageing overall population, natural population change, i.e. the difference between births and deaths, turned negative years ago. For several years, positive net migration stopped the overall population from declining until the (negative) natural population change eventually became larger than the population growth from migration.

Countries with declining populations face a number of challenges, both economic and social. Economically, a shrinking workforce can lead to labor shortages, reduced productivity and increased pressure on social welfare systems. With fewer working-age individuals to support a growing elderly population, the financial burden on pension systems and healthcare services intensifies. Socially, a declining population can result in the depopulation of rural areas, shrinking communities and the ensuing challenges in maintaining infrastructure and public services.

Addressing these issues requires comprehensive strategies. Raising the retirement age or increasing taxes/social contributions can help alleviate the financial burdens associated with a demographic imbalance. Policies to support work-life balance and affordable childcare can help slow the population decline and immigration of young, skilled workers can help address labor shortages and increase productivity.

According to the latest revision of the United Nation’s World Population Prospects, many countries will face these challenges within this century if they don't already, such as the aforementioned Japan and Italy, China and South Korea, which were expected to see their first population decline in 2021. Brazil's population is expected to start declining in 2042, France's in 2049 and even India’s vast population is projected to start shrinking in 2062.

Among developed nations, the United States, Canada and Australia are notable exception, with none of them currently expected to see their first population decline in the 21st century.

Geographically, many African nations are still growing rapidly, resulting in a continental shift in global population that will see countries like Nigeria, the Democratic Republic of Congo, Ethiopia and Tanzania among the most populous nations in the world by 2100.

Tyler Durden Tue, 07/14/2026 - 04:15

France Cuts 6.4 GW Of Nuclear Power As Heatwave Grips The Country

France Cuts 6.4 GW Of Nuclear Power As Heatwave Grips The Country

By Michael Kern of OilPrice.com,

France’s nuclear power generation was slashed by 6.4 gigawatts (GW) on Monday amid a prolonged and intense heatwave that hiked river temperatures and limited the ability of the power plants to use the water to cool reactors.

As many as eight reactors in France, which is Europe’s leader in nuclear power generation, were forced to curtail power output, according to data from the plants’ operator EDF and grid operator RTE cited by Reuters.

The 6.4 GW of curtailed power output was equivalent to 14% of France’s overall power demand as of Monday morning. 

The reactors where output has been limited include Saint Alban 1 and 2, reactors 3, 4, and 5 at Bugey, Golfech 2, and Blayais 1 and 3.

The Golfech 2 and Bugey 3 reactors were taken fully offline, while the other six were operating at reduced rates as of Monday morning.  

This is not the first time France has had to curb output at reactors and limit the nuclear power production, due to high summer temperatures. 

France’s nuclear power generation accounts for around 70% of its electricity mix, and when its reactors are fully operational, it is a net exporter of electricity to other European countries. 

Despite the curbs of nuclear generation during the current heatwave, data from RTE suggests that France would remain a net exporter with over 10 GW of power exported to France’s neighboring countries on Monday. 

The hydropower generation would also be a concern amid the heatwave that has lasted a least a week and is expected to continue at least until Wednesday this week. 

With temperatures topping 40 degrees Celsius (104 F) for days, red alerts have been issued throughout France amid the heatwave, and thousands of people have died of heat-related conditions since late June, when the record-breaking extreme summer temperatures started to disrupt life. Even the most famous and prestigious cycling event, the Tour de France, held a shortened stage on Sunday for the first time ever, due to the extreme heat.  

Tyler Durden Tue, 07/14/2026 - 03:30

German Parliament Moves To Criminalize Denying Israel's "Right To Exist"

German Parliament Moves To Criminalize Denying Israel's "Right To Exist"

Various European initiatives and policies which criminalize "holocaust denial" have for years dominated headlines and driven immense controversy over freedom of speech and public debate.

But Germany is now taking it a big step further, with the Bundesrat, Germany's upper house of parliament, having just approved a bill that would criminalize publicly denying Israel's "right to exist" or calling for its abolition.

via Reuters

If passed into law, a conviction would bring up to five years in prison, according to the proposed legal change. The legislation will now move to the lower house.

If ultimately approved, it would make Germany the first country in Europe to punish speech denying Israel's "right to exist".

Critics of such efforts to crack down on pro-Palestinian activism and protests have pointed out that the question of any nation's "right" to "exist" is a highly philosophical and theoretical one, which makes it strange that any government would codify the statement into law, elevating it to a kind of of dogma.

The legal proposal would greatly expand Germany's existing Section 130 of the criminal code - which is what authorities currently use to prosecute Holocaust denial.

However, dissenters within the German government have warned the proposed expansion would be a violation of the German constitution, as it would establish a "special right against a specific opinion" in breach of Article 5. Here's what the constitution's "freedom of expression" clause says:

Every person shall have the right freely to express and disseminate his opinions in speech, writing and pictures and to inform himself without hindrance from generally accessible sources. Freedom of the press and freedom of reporting by means of broadcasts and films shall be guaranteed. There shall be no censorship.

The Bundestag's research service has warned in a report on violation of individual rights: "Both the rejection of the right of the State of Israel to exist and the call for the elimination of the state are likely to constitute subjective value judgments."

Recently Tucker Carlson unpacked the difficulty inherent in the whole notion of a country having a "right to exist" in a testy exchange with a reporter. Carlson has also frequently pointed out that the phrase is a bizarre and uncommon formulation, given that not even Americans in all of history have spoken in terms of a nation-state or government 'existing' as a 'right'...

More recently, Amnesty International has publicly come out in opposition to the German measure, stating, "The protection of Jewish life is of particular importance – but this initiative massively endangers freedom of expression."

In the United States, the Israel-Gaza conflict has increasingly split the Democratic Party, amid growing midterm related turmoil. But there's been an increasing debate raging on the Right as well, as younger generations of conservatives show much more willingness to criticize Israel and push against taxpayer funding for the Israeli government and military to the tune of billions.

Tyler Durden Tue, 07/14/2026 - 02:45

10,000 Excess Deaths During June European Heatwave, Official Data Show

10,000 Excess Deaths During June European Heatwave, Official Data Show

Authored by Guy Birchall via The Epoch Times,

More than 10,000 excess deaths were reported across Europe during the recent heatwave that baked the west of the continent in late June, official data showed on June 13.

A man cools himself during a heatwave in Chamonix, France, on June 25, 2026. Reuters/Pierre Albouy

More than 9,000 of those who passed away were aged 65 and above, according to European Monitoring of Excess Mortality for Public Health Action (EuroMOMO), a continent-wide mortality monitoring network backed by the World Health Organization (WHO) and the European Centre for Disease Prevention and Control.

The data, pooled from national mortality statistics in 27 European countries, included excess deaths from all causes, not just heat-related ones, during the week of June 22 to 28, when the heatwave peaked in France, Spain, the UK, and other countries.

Though the deaths cannot be attributed exclusively to the soaring temperatures, scientists have said there were no other known major factors, such as disease outbreaks, that would likely have contributed to the mortality spike during that week.

Extreme heat can kill by causing heat stroke or aggravating cardiovascular and respiratory diseases, with older people among the most vulnerable, according to the WHO.

"To have this kind of excess at this time of year is unusual. It's really high," Lasse Vestergaard, chief physician at Denmark's Statens Serum Institut, which hosts EuroMOMO, said. "It is difficult to explain this high excess mortality by anything but the extreme heat."

The combined mortality for the same 27 nations over the previous eight weeks averaged around 500 deaths per week below typical levels; however, EuroMOMO data is subject to revision, either up or down, as more data flow in over the coming weeks.

EuroMOMO does not publish excess deaths per individual country, but it noted that France and Belgium both logged "very high excess" mortality in the last week of June. Spain, Switzerland, and the Netherlands noted "moderate excess," England, Wales, Italy, and Germany registered a "low excess" of deaths, and the remaining 17 showed normal levels.

The heatwave at the end of June disrupted power supplies, shut schools, and smashed temperature records in France, Spain, and the UK.

Belgium's excess mortality was the highest during any heatwave in records going back to 2000, according to the country's public health institute Sciensano.

"Our latest analysis shows that 1,747 more people died than expected during this heatwave, corresponding to an excess mortality of 48 percent," Sciensano said in a July 10 LinkedIn post. "The deadliest days, 27 and 28 June, recorded mortality levels comparable to those observed during the peak of the first COVID-19 wave in April 2020."

During the heatwave, France experienced its hottest ever national average days on June 24 and June 25, with both days recording an average temperature of 30 degrees Celsius (86 degrees Fahrenheit) over 24 hours, surpassing the previous record set on June 23 of 29.8 degrees Celcisus (85.6 degrees Fahrenheit), according to French weather agency Meteo-France.

That average is calculated using figures from 30 weather stations evenly distributed across the country.

According to Meteo-France, the highest temperature recorded in France was 46 degrees Celsius (about 114.8 degrees Fahrenheit) at Verargues on June 19, 2019.

In another scientific study from the UK - by Imperial College London, the UK Met Office, and the London School of Hygiene & Tropical Medicine - it was estimated that some 2,700 people died from heat-related causes in England and Wales alone, amid the May and June heatwaves.

A 2007 study by the French Academy of Sciences on the 2003 European heatwave found that more than 70,000 excess deaths occurred across 16 countries that year.

American political scientist Roger Pielke Jr. has said that the increase in deaths in Europe in previous years is attributable to the lack of air conditioning across the continent.

"The math is simple," Pielke Jr., who has previously worked at the U.S. National Center for Atmospheric Research and the University of Colorado, Boulder, wrote in a June 25 post on Substack, discussing the deaths in the European heatwave of 2022.

"Today's heat deaths reflect today's level of AC coverage. Raise the coverage, and a share of those deaths are eliminated - in proportion to how protective AC is and how many more households gain it."

Pilke stated that if Europe had American levels of air conditioning penetration during that period, deaths would have been reduced by as much as 26,000.

A Dash Q400-MR Fireguard aircraft of the civil security drops retardant mixed with water during a demonstration of firefighting capacity by the Gironde's Fire and Rescue Departmental Service in Saint-Aubin-de-Medoc, France, on July 3, 2026. Christophe Archambault/AFP via Getty Images Tyler Durden Tue, 07/14/2026 - 02:00

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