List of All Articles with Tag 'eur'

The risk of a US government shutdown on Nov. 18 eased as House Speaker Mike Johnson proposed a

The Bank of Portugal’s ethics commission will meet to assess the conduct of central bank Governor Mario Centeno

Underlying US price pressures are seen advancing at a pace that backs apprehension among Federal Reserve officials to

Iceland is bracing itself for a volcanic eruption that will arrive within “hours or days”, experts have warned. Around 3,000 residents have evacuated the southwestern town of Grindavik close to the Fagradalsfjall volcanic system in the Reykjanes region. Over the past 48 hours, Iceland has faced a seismic swarm as 1,485 earthquakes have hit the country. In addition, a magma tunnel is forming underground beneath the town, which South Iceland’s Volcano and Natural Hazards group believe could be 12km long. The UK foreign office has updated its travel advice, warning that a volcanic eruption is increasingly likely, but it has not warned against travel with flights still touching down at Keflavik International Airport. The Icelandic Meteorological Office said on Saturday there was a “considerable” risk of an eruption on the Reykjanes peninsula because of the size of the underground magma intrusion and the rate at which it was moving. Iceland is highly susceptible to natural disasters as it lies on the Mid-Atlantic Ridge – a divergent plate boundary where the North American Plate and the Eurasian Plate are moving away from each other, leading to volcanic eruptions and earthquakes. “I don’t think it’s long before an eruption, hours or a few days. The chance of an eruption has increased significantly,” Thorvaldur Thordarson, professor of volcanology at the University of Iceland, told state broadcaster RUV. Páll Einarsson, professor emeritus in geophysics, told RUV: “Considering the intensity, it must be considered probable that there will be an eruption from this magma tunnel, but it is impossible to say where and how long that fissure will be.” Despite the imminent threat of a volcanic eruption, the UK Foreign Office has not warned against travel to the region. Its official warning reads: “Earthquakes and indications of volcanic activity have increased above normal levels on the Reykjanes peninsula, southwest of Reykjavik. “The Icelandic authorities continue to monitor the area closely, particularly the area northwest of Mt Thorbjörn near the Svartsengi power plant and the Blue Lagoon. On 10 November, a Civil Protection Alert was declared after an intense swarm of earthquakes.” The Reykjanes region has in recent years seen several eruptions in unpopulated areas, but the current outbreak is believed to pose an immediate risk to the town, authorities said. On Thursday, increased seismic activity prompted the closure of the Blue Lagoon geothermal spa, one of the country’s main tourist attractions. Reykjanes is a volcanic and seismic hot spot southwest of the capital Reykjavik. In March 2021, lava fountains erupted spectacularly from a fissure in the ground measuring between 500-750 metres long in the region’s Fagradalsfjall volcanic system. Volcanic activity in the area continued for six months that year, prompting thousands of Icelanders and tourists to visit the scene. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year. The Fagradalsfjall system, which is around 6km wide and 19km long, had remained inactive for more than 6,000 years prior to the recent eruptions. Read More Iceland evacuates town and raises aviation alert as concerns rise a volcano may erupt Mapped: Iceland earthquake locations revealed as volcano eruption alert issued Iceland earthquakes: Your rights if you are on holiday there or are planning to go Iceland volcano eruption could happen ‘within hours’ as Grindavik evacuate - live Earthquakes in Iceland prompt fears of volcano eruption Iceland's Blue Lagoon spa closes temporarily as earthquakes put area on alert for volcanic eruption

More than 300,000 protesters gathered in London for a pro-Palestinian march that’s turned into a divisive political issue

Chancellor of the Exchequer Jeremy Hunt is set to extend a major tax break for businesses in his

Authorities in Iceland have declared a state of emergency and asked thousands of people to evacuate after hundreds of earthquakes rocked the country's southwestern Reykjanes peninsula. The UK have ramped up its advice to British travellers, saying it is “increasingly possible” that a volcanic eruption could occur. However, they advise: “Keflavik International Airport is operating as normal. While there is no current eruption, it is increasingly possible that one could occur. You should monitor local media for updates and follow the authorities advice on travel to the area.” The advice stops well short of advising against travel to Iceland, meaning airlines and holiday companies are operating as normal – with no automatic right to cancel. Iceland’s National Police Commissioner declared a state of emergency for civil defence after 1,485 earthquakes hit the country in the last 48 hours. Thousands of people living in the southwestern town of Grindavik have been asked to leave as a precaution. According to information from the Icelandic Meteorological Office (IMO), seismic activity in the area has increased significantly since 3pm on Friday.

ITA Airways, the successor to Alitalia, is in talks with several banks for a €300 million ($321 million)

Ukrainian and Polish officials plan to meet Monday in a bid to resolve blockades at Poland’s border that

Europe’s economy is expected to avert a recession, but getting inflation back to normal levels may take several

Watch live as Emmanuel Macron commemorates the 105th anniversary of the First World War Armistice in Paris. The French president will be making an address at the traditional ceremony, hosted at Arc de Triomphe on Saturday 11 November. On Friday, Mr Macron said Israel must stop bombing Gaza and killing women and babies in an interview with the BBC. He said there was “no justification” for the continued bombing of the enclave, which Palestinian health officials claim has killed more than 11,000 people. “De facto – today, civilians are bombed – de facto. These babies, these ladies, these old people are bombed and killed. So there is no reason for that and no legitimacy. So we do urge Israel to stop.” Mr Macron told the BBC that although France “clearly condemns” the 7 October “terrorist” attacks on Israel by Hamas and recognised Israel’s right to defend itself, “we do urge them to stop this bombing.” Read More Growing concerns from allies over Israel's approach to fighting Hamas as civilian casualties mount Watch live view over Israel-Gaza border as thousands continue to flee French President urges Israel to stop bombing women and babies in Gaza

Big explosions were heard in Kyiv as the Ukrainian capital came under air attack on Saturday, in the first major attack on the city since late September. “Strong explosions were heard on in the left bank of the capital,” Kyiv mayor Vitali Klitschko said on the Telegram. “Preliminary, air defence was working against ballistic (missiles).” Russian troops are intensifying their attacks on the key eastern town of Avdiivka, a senior Ukraine officer has said, while the country’s general staff reported its military repelled many Russian assaults in widely separated sectors of the frontline. Russian forces were launching major infantry attacks, while trying to keep equipment intact, a military spokesperson said, telling a Ukrainian broadcaster that there were no dramatic statistics for destroying enemy equipment “because they use it much less, mainly from a distance”. “But their movements are quite dense now. It is not just infantry advancing but also parallel work of artillery, drones, aviation, the same air bombing and more,” they said, adding that Russian forces, were unable to replenish supplies quickly and that Ukrainian defensive positions were solid. Read More Anger as Ramaswamy seems to call Jewish Ukraine leader Zelensky ‘Nazi’ at GOP debate Russia seeks an 8-year prison term for an artist and musician who protested the war in Ukraine Russia reportedly is using Ukrainian POWs to fight in their homeland on Moscow's side Ukraine takes step towards EU membership as European Commission backs negotiations to begin