Caroline Hepker

France recorded its hottest day ever yesterday, prompting the Eiffel Tower and the Louvre Museum to restrict visiting hours.

In England, temperatures of 37 degrees are expected today with rail operators cancelling services and some schools closing.

According to the EU's Climate Change Service, Europe is the world's fastest warming continent with temperatures rising twice as fast as the global average.

President of the European Meteorological Society, Liz Bentley, says even more punishing conditions are likely in the years ahead.

Liz Bentley's warning aligns with projections from the UN's climate agency that the next five years are likely to see even more heat records shattered.

Now, there's more volatility in global markets this morning after a tech-led sell-off revived concerns that the AI rally has gone too far.

A tentative rebound in Asian equities follows Tuesday's route that seems to be picking up after a fresh bout of selling hit the sector earlier.

Those moves came after chipmakers Micron, Marvell and others led the Philadelphia Semiconductor Index to a 7.9% decline yesterday.

in the US trading yesterday.

Jay Hatfield is the CEO of Capital Advisors.

Even with that assessment from Jay Hatfield, the Nasdaq is still up more than 30% since the end of March.

Italy is seeking to mend ties with the United States after a spat between Prime Minister Giorgio Maloney and President Donald Trump.

Foreign Minister Antonio Tajani has told Bloomberg the countries should work to de-escalate tensions, describing their alliance as indispensable.

Speaking at a separate event, Maloney also appealed for Italy's bilateral work with the U.S.

to return to normalcy, in her words.

Last week, the two leaders traded barbs, with Trump alleging that Maloney had begged for a photo with him at the G7 summit, a claim she says is made up.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepker.

And I'm Caroline Hepker.

The UK has issued a rare summer energy warning as soaring temperatures put pressure on the electricity system.