Finland

The Copernicus Climate Change Service says historically low rainfall has worsened the situation in several countries.

Western Europe has experienced its hottest June and July on record this summer, according to the European Union’s climate change monitor.

The Copernicus Climate Change Service (C3S) said on Monday that the region’s average temperature over the two-month period was 21.62 degrees Celsius (70.9 degrees Fahrenheit), 2.79C (5.01F) above average and higher than the previous record set in 2022.

This reflected “the exceptional persistence of heat” so far this summer, C3S said.

The climate change monitor also said levels of soil moisture were “significantly lower” than in July 2022 when the last severe drought gripped Western Europe.

“July 2026 was the third consecutive month of exceptional heat in Western Europe, bringing the combined temperature for June and July to a new record for the region,” said Samantha Burgess, strategic lead for climate at the European Centre for Medium-Range Weather Forecasts.

“Persistent high-pressure systems trapped heat over Western Europe. The extreme temperatures also amplified widespread drought. As soils dry out, they lose their ability to provide natural cooling, allowing heat to build more readily. This is a clear example of how climate change is intensifying heat extremes with heat and drought increasingly reinforcing one another.”

Several rivers experienced exceptionally low water levels, including the Seine, Rhine and Danube. The low flows affected water supplies and irrigation and led Hungary and Slovenia to operate their only nuclear power plants at reduced capacity.

France and Spain also registered record levels of drought, which fuelled devastating wildfires.

A megafire burned nearly 42,000 hectares (103,785 acres) and forced the evacuation of more than 220,000 people in southwestern France’s Gironde department in late July.

At the same time, Spain’s largest wildfire in recent history scorched almost 44,000 hectares (108,725 acres) in Avila province near Madrid.

The report also warned that large fires can send smoke high into the atmosphere, allowing it to travel thousands of kilometres and affect air quality in other countries.

The C3S also said the highest sea surface temperatures on record outside the polar regions were recorded in July. The average sea surface temperature was 20.96C (69.7F), slightly higher than the previous record of 20.89C (69.6F) in 2023.

After he took his first win in Estonia, Pajari made it back-to-back WRC victories to move into second in the standings behind Evans.

Pajari was the beneficiary when nine-time champion Sebastien Ogier crashed out of the lead on Saturday’s penultimate stage on a high-speed right-hand corner on the fast gravel roads.

Both Ogier and co-driver Julien Ingrassia were taken to hospital after the accident but the French driver posted on social media on Saturday night that the pair would remain in hospital overnight as a precaution but “we both feel okay, which is the most important”.

Oliver Solberg, who was battling back pain on the fast jumps on the stages, and co-driver Elliott Edmondson finished in second place to complete a Toyota lock-out of the podium places.

The Hyundai duo of Adrien Fourmaux and Thierry Neuville were fourth and fifth, while Takamoto Katsuta and Northern Ireland co-driver Aaron Johnston crashed into trees on the final stage but recovered to finish in sixth place.

After the issues for Katsuta and Ogier, Pajari is now second in the standings behind Evans ahead 11th round of the season in Paraguay from 27-30 August.

Motorsport Ireland driver Josh McErlean finished the rally in seventh position as the best of the M-Sport Ford drivers.

Team-mate Martins Sesks crashed heavily on Saturday to drop out of fifth place, while Jon Armstrong’s chances of a strong result came to an end on Friday after he spun and got stuck in a ditch.

“It’s been a crazy weekend in terms of all the crews,” McErlean said.

“A lot of new stages, a lot of new pace notes and whenever you come to a rally this fast it is super-difficult to get right.

“So we have to be pleased to get through cleanly”.

Rally Finland results

1. Sami Pajari FIN/Marko Salminen FIN (Toyota) 2:27.358.0

2. Oliver Solberg SWE/Elliott Edmundson GB (Toyota) +26.7 seconds

3. Elfyn Evans GB/Scott Martin GB (Toyota) +1:19.5

4. Adrien Fourmaux FRA/Alex Coria FRA (Hyundai) +1:35.4

5. Thierry Neuville BEL/Martijn Wydaeghe BEL (Hyundai) +3:52.5

6. Takamoto Katsuta JPN/Aaron Johnston IRL (Toyota) +4:18.2

7. Josh McErlean IRL/Eoin Treacy IRL (M-Sport Ford) +4:32.7

….

43. Martins Sesks LAT/Francis Renars LAT (M-Sport Ford) +51:52.4

47. Jon Armstrong IRL/Shane Byrne IRL (M-Sport Ford) +1:21.39.6

DNF. Sebastien Ogier FRA/Julian Ingrassia FRA (Toyota)

DNF. Esapekka Lappi FIN/Enni Malkonen FIN (Hyundai)

World Rally Championship standings (after round 10/14)

1. Elfyn Evans GB (Toyota) 201 points

2. Sami Pajari FIN (Toyota) 171

3. Takamoto Katsuta JPN (Toyota) 160

4. Oliver Solberg SWE (Toyota) 156

5. Sebastien Ogier FRA (Toyota) 139

6. Adrien Fourmaux FRA (Hyundai) 129

7. Thierry Neuville BEL (Hyundai) 125

8. Esapekka Lappi FIN (Hyundai) 25

9. Hayden Paddon NZL (Hyundai) 21

10. Josh McErlean IRL (M-Sport Ford) 21

Published on
25/05/2026 – 10:57 GMT+2

Oura, the Finnish company that created the ring-shaped health tracker worn by millions worldwide, has confidentially submitted draft paperwork to the US Securities and Exchange Commission for a proposed IPO, according to several reports.

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While the number of shares and the expected price range remain undisclosed, the company had a recent funding round in the fall of 2025 that valued the business at around $11 billion (€9.5bn), more than double the $5 billion (€4.3bn) valuation it earned in a previous round in 2024.

According to CEO Tom Hale, more than 5.5 million Oura rings had been sold up to the end of last year’s third quarter.

At the time, Hale also projected that the company would reach $2 billion (€1.7bn) in annual revenue in 2026 compared with $500 million (€430mn) just two years ago.

The move towards an IPO puts a European wearable brand on Wall Street’s radar at a time when investor appetite for consumer health technology appears to be returning.

Oura has become a standout name in the fast-growing smart ring category, competing against smartwatch giants such as Apple, Garmin and Samsung, while carving out a niche with a distinct piece of hardware that some consumers find less obtrusive.

Over the past two years, the company has expanded aggressively into software, subscriptions and AI-powered health analysis. Its wearable platform now focuses on long-term health signals including sleep, readiness, heart rate, stress and recovery.

More recently, Oura has pushed further into women’s health and AI-based personal coaching, including tools designed to interpret physiological data and provide tailored wellness recommendations.

Analysts see that transition from device maker to subscripton-based health platform as central to its IPO pitch as the firm is currently on pace to surpass 5 million paid members.

A European tech champion heading to US markets

The IPO filing marks a significant moment for one of Europe’s most prominent health tech success stories.

Founded in Finland and developed around research into sleep, recovery and biometric monitoring, Oura has grown from a Nordic hardware start-up into a global player in the wearable market.

However, for Europe’s start-up ecosystem, Oura’s planned listing carries broader significance.

While its roots and design philosophy are deeply tied to Finland, the company recently transitioned to a US-based parent company, named Oura Inc. and headquartered in San Francisco, to access American venture capital while keeping its European operations.

Its decision to prepare for a US listing rather than a European one reflects a wider pattern among high-growth European tech firms seeking deeper capital markets and greater visibility among global investors.

The planned flotation arrives during renewed debate over whether Europe is losing some of its most successful technology companies to US exchanges.

Oura joins a growing list of European-founded businesses choosing Wall Street as their route to public markets, drawn by scale, liquidity and stronger investor familiarity with consumer technology.

The company’s IPO will also be seen as a test of investor sentiment towards wearable technology after a mixed few years for the sector.

Unlike smartwatches, smart rings remain a relatively young category, though interest has accelerated rapidly.

Oura is widely viewed as the segment’s category leader and its public debut could offer a clearer benchmark for how markets value next-generation health hardware combined with software subscriptions and AI services.

Finnish authorities scramble fighter jets; defence chief says false alarm but warns of potential repeats while Russian war persists.

Finland has stood down its defence forces after sounding an alarm over suspected drone activities in its airspace.

The authorities said on Friday that suspected drone activity above the Helsinki region no longer posed a threat and that the situation was ⁠returning to normal hours after launching an emergency response, including the launch of fighter jets and closure of the capital’s airport.

The alarm illustrates the tension stalking the region as Finland and the Baltic states eye Russian aggression and daily missile and drone attacks amid Moscow’s continued war on Ukraine.

The Helsinki City Rescue Department had warned the nearly 2 million inhabitants of Finland’s Uusimaa region to stay indoors starting about 4am local time (1:00 GMT), as fighter jets were scrambled. Helsinki’s airport was also closed for about three hours.

Later, President Alexander Stubb wrote on X that authorities had “demonstrated their readiness and capacity to react”, adding that the country was now facing “no direct military threat”.

Kimmo Kohvakka, director general for rescue services at the Ministry of the Interior, called the response a “precautionary measure” and said “daily life can continue.”

The incident arose amid growing concerns about regional spillover from the Ukraine war.

The Baltic states of ‌Estonia, Latvia and Lithuania have reported a series of suspected Ukrainian drones headed for Russia entering their airspace, prompting domestic criticism over their ability to respond to military threats.

The situation has led to a full-blown government crisis in Latvia. Prime Minister Evika Silina resigned on Thursday after a coalition partner pulled support. The move followed the ousting of the defence minister after a drone crashed at a fuel storage facility.

In March, two drones crossed into Finnish territory and crashed after flying low over the sea and southeastern Finland.

Finnish authorities did not indicate the source of Friday’s drone activity.

However, defence forces operations chief Kari Nisula suggested that Finland had received information from Ukraine about drones potentially straying into the country, according to the Reuters news agency.

The military head added that there was no evidence that drones had entered Finland, but that such situations could happen again as long as Russia continues its war on Ukraine.

Prisoner swap

The incident in Finnish airspace unfolded as Ukraine maintained its drone attacks on Russian oil and energy infrastructure, and Kyiv continued counting the costs of a huge strike that killed two dozen people.

Russia’s Ministry of Defence said on Friday that its air defence systems shot down 355 Ukrainian drones targeting Moscow overnight, as well as the border regions of Belgorod, Bryansk and Kursk.

Among the targets was an oil refinery ⁠in the central city ⁠of Ryazan, about 200km (125 miles) southeast of Moscow, according to the commander of Ukraine’s drone forces.

The attack killed three people ⁠and wounded 12, regional Governor Pavel Malkov wrote on Telegram. Two high-rise apartment buildings were struck, he said, while debris fell on the grounds of an industrial enterprise.

Meanwhile in Kyiv, the death toll from a Russian barrage on an apartment building on Thursday rose to at least 24 people, including three children, Ukrainian President Volodymyr Zelenskyy said. Forty-eight people were wounded.

Amid the ongoing violence, Russia and Ukraine have moved ahead with a prisoner swap that saw 205 POWs repatriated on each side ⁠on Friday. It was the first step of a swap that is planned to ultimately see 1,000 people on each side return home.

The two sides also conducted an exchange of those killed in the fighting, with Russia handing 526 bodies to Ukraine and receiving 41 in return. Both Kyiv and Moscow thanked the United Arab Emirates for mediating the swap.

Zelenskyy wrote on social media that most of the prisoners returned to Ukraine had been in Russian captivity since 2022.

“We will continue to fight for every single person who remains in captivity,” he said.