• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Environmentglobal warming
Europe

Mike Lynch’s superyacht sinks in climate-fueled storm—expert foresees rising disasters in Italy

Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
August 20, 2024, 6:33 AM ET
Mike Lynch is among those missing after his boat sank off the coast of Italy.
Mike Lynch is among those missing after his boat sank off the coast of Italy.Chris Ratcliffe—Bloomberg/Getty Images
Add Fortune on Google for similar content.

Global warming may have contributed to the extreme weather which led to the fatal sinking of a yacht off the Italian coast, the nation’s meteorological society president believes.

British-flagged yacht the Bayesian capsized and sank off the coast of Sicily on Monday.

One man has been confirmed dead while six others—including the boat’s owner, British tech tycoon Mike Lynch—are missing.

The boat had been carrying 22 people—15 of whom have now been rescued—and reportedly tipped when high winds broke the mast of the yacht, tilting it toward the water, which led to the vessel’s sinking.

Luca Mercalli, an Italian climatologist, believes the storm the Bayesian was caught in was caused by either a waterspout or a downburst.

A waterspout is a whirlwind of water and spray—essentially a tornado—over areas like the sea, while a downburst is an intense downward pressure of airflow that is often accompanied by thunderstorms or lashing rain.

Witnesses speaking to Italian news agency Ansa recounted battling high winds in the moments before the Bayesian vanished below the waves.

Mercalli said it is not yet clear whether the violent storm was caused by a waterspout or downburst, telling Reuters: “We don’t know which it was because it all happened in the dark, in the early hours of the morning, so we have no photographs.”

He added downbursts, in particular, may be connected to global warming, and he fears they will only get worse.

“The sea surface temperature around Sicily was around 30 degrees Celsius (86 Fahrenheit), which is almost three degrees more than normal,” he explained. “This creates an enormous source of energy that contributes to these storms.

“So we can’t say that this is all due to climate change, but we can say that it has an amplifying effect.”

The world’s oceans have grown significantly warmer since scientists began keeping records.

Scientists measure heat in joules, but because the ocean is so large and heating so quickly, experts use zettajoules to calibrate their readings.

According to NASA, in 1959 the globe’s seas were measured at six zettajoules.

By 2021 this had increased to 360 zettajoules, with 90% of the world’s global warming happening at sea.

The data shows the ocean only continuing to heat further, so it’s perhaps no surprise that Mercalli believes the Bayesian tragedy will not be the last.

“Climate-driven catastrophes in Italy will become more frequent and more intense,” he added.

The Bayesian rescue effort

The group of 12 passengers and 10 crew were traveling the coast of Italy reportedly celebrating the recent acquittal of the boat’s owner, software millionaire Lynch.

Lynch had recently finished a criminal fraud case in the U.S. over the sale of his firm, Autonomy, to Hewlett-Packard.

Autonomy was sold for $11 billion in 2011, but that figure was reduced by $8.8 billion within the first year of HP’s ownership.

Following the battle with the Silicon Valley giant, the man dubbed “Britain’s Bill Gates” set sail with his wife—Angela Bacares, who is reportedly among those rescued—his 18-year-old daughter, Hannah, and his financial and legal advisors to celebrate the end of the case.

However, on Monday morning, the 184-foot sailboat reportedly sank within minutes of capsizing after it was hit by the sudden and ferocious storm.

Lynch and his teenage daughter are among those missing.

Rescue specialists are also searching for Morgan Stanley International bank chairman Jonathan Bloomer and his wife, Judy, as well as Clifford Chance lawyer Chris Morvillo.

Speaking to the BBC on Monday, Francesco Venuto, a spokesperson for Sicily’s civil protection agency, said that rescue teams believed some bodies “must” still be in the boat.

“We’ve been searching all day with helicopters and boats, we’ve found nothing. That wouldn’t make sense. In these conditions, we should have found something by now,” he noted.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it.
About the Author
Eleanor Pringle
By Eleanor PringleSenior Reporter, Economics and Markets
LinkedIn icon

Eleanor Pringle is an award-winning senior reporter at Fortune covering news, the economy, and personal finance. Eleanor previously worked as a business correspondent and news editor in regional news in the U.K. She completed her journalism training with the Press Association after earning a degree from the University of East Anglia.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

A row of people sit in a zoning meeting, many looking down or around the room.
EnvironmentData centers
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
23 hours ago
Werner Vogels, CTO, Amazon on stage.
AIAmazon
Companies are shifting toward cheaper open‑source AI models to rein in costs, Amazon CTO says
By Beatrice NolanJuly 10, 2026
1 day ago
Microsoft’s emissions surged 25% in 2025 during data center boom
EnvironmentMicrosoft
Microsoft’s emissions surged 25% in 2025 during data center boom
By Matt Day and BloombergJuly 9, 2026
2 days ago
This year’s El Niño is not ‘run-of-the-mill’—and it could rival one that killed 23,000
EnvironmentWeather and forecasting
This year’s El Niño is not ‘run-of-the-mill’—and it could rival one that killed 23,000
By Seth Borenstein and The Associated PressJuly 9, 2026
2 days ago
kg
EnvironmentAutomation
Ken Griffin says everyone is misinterpreting the AI revolution — and wishes Zohran and Bernie would ‘read a damn history book for once’
By Nick LichtenbergJuly 9, 2026
2 days ago
Vets issue urgent warning to pet owners as flesh-eating screwworm spreads through Texas and New Mexico
Healthpets
Vets issue urgent warning to pet owners as flesh-eating screwworm spreads through Texas and New Mexico
By John Hanna and The Associated PressJuly 8, 2026
3 days ago

Most Popular

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
Economy
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
By Eleanor PringleJuly 10, 2026
1 day ago
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Middle East
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
By Jason MaJuly 10, 2026
22 hours ago
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
2 days ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
23 hours ago
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
Economy
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
By Mia OsmonbekovJuly 9, 2026
2 days ago
Current price of oil as of July 10, 2026
Personal Finance
Current price of oil as of July 10, 2026
By Joseph HostetlerJuly 10, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our and Privacy Policy |  | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.