Europe’s concurrent crises

While a deadly heat wave bakes Europe, the continent faces multiple economic predicaments as well. It’s prepping for a potential natural gas cutoff as tensions with Russia remain high. Inflation is also running rampant and expected interest rate hikes are stoking fears of another debt crisis. Plus, the party’s over for some companies that reaped pandemic profits, and regulators look to reimburse victims of money-transfer app scams.