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,

marching 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

or fares.

First up though.

Argentina's economy is having a turbulent week. It's stock exchange and peso plummeted

after a surprise result in a presidential primary vote over the weekend.

In the poll, the conservative incumbent Mauricio Machry was trounced by his left-wing opponent

Alberto Fernández, whose running mate is former president Cristina Fernández Decurchener.

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. Machry 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 it caused hardship.

The Argentines who grew up on the way started.

But after a year and a half, they said it could not be more.

...