Hello and welcome to The Intelligence on Economist Radio. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world.

Global temperatures this June were the highest on record, parching lands all over the earth.

Perhaps the most dramatic effect of the dry conditions is playing out in the Arctic.

Wildfires are rampant, and they'll amplify the very temperature rises that caused them.

And Gulf states, such as Saudi Arabia, want to advertise their cultural capital, even as they restrict freedom of speech.

We take a look at the unlikely rise of Gulf Bookfares.

First up, though.

Argentina's economy is having a turbulent week.

Its stock exchange and peso plummeted after a surprise result in a presidential primary vote over the weekend.

In the poll, the conservative incumbent Maricio Macri was trounced by his left-wing opponent Alberto Fernandez, whose running mate is former president, Christina Fernandez de Kirchner.

The president seemed rattled. He said it had been a bad election.

But the full presidential poll will take place in October,

and yesterday Mr. Makri struck a different tone, vowing to fight.

He apologized for his earlier gloomy words.

He had been without sleep, shocked by the result,

and sad about the effect on the markets.

He said he had heard the Argentines

who had suffered as his government imposed measures

that were meant to stabilize the economy,

but which had caused hardship.

The domingo, there were many Argentinians

that creled in the way that we've got

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