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List of All Articles with Tag 'europe'

UK’s Slower-Than-Expected Borrowing Gives More Room for Tax Cuts
UK’s Slower-Than-Expected Borrowing Gives More Room for Tax Cuts
UK government borrowing came in below official forecasts in the first four months of the fiscal year, providing
2023-08-22 14:22
Dante’s Inferno May Have the Answer for Europe’s Energy Bind
Dante’s Inferno May Have the Answer for Europe’s Energy Bind
The steam and geysers rising from the valleys of Tuscany inspired Dante Alighieri’s vision of hell in The
2023-08-22 13:19
Italy warns tourists to avoid sun from 10am until 6pm as heatwave expected
Italy warns tourists to avoid sun from 10am until 6pm as heatwave expected
Italian authorities have warned people to stay out of the sun from 10am until 6pm as temperatures reach over 40C. A red alert has been issued for 17 cities amid the third punishing heatwave in just two months and temperatures are it is expected to start on Wednesday. This is the most severe warning meaning that even the young, fit and healthy are at risk of adverse effects from the intense heat. Several of Italy's biggest cities such as Rome and Florence saw temperatures reach 38C today and the mercury is expected to reach 40C on Thursday. This has prompted authorities to warn people to avoid the sun, europe/italy-issues-red-alert-for-17-cities-as-another-heat-wave-expected-from-wednesday/2972888">Anadolu Ajansi reported. While Britain has been hit with torrential rain and stormy conditions for most of the summer, Europe has been hit with record-breaking heatwaves with the mercury reaching 48C in southern Italy. The heat was so intense that several cities last month were hit by power cuts due to heat damage to underground cables. Between 200,000 and 300,000 people were left without power or running water around the city of Catania. Italy and other parts of southern Europe have also had to contend with wildfires. Major wildfires were burning in Greece and in Spain's Canary Islands on Monday, with hot, dry and windy conditions hampering the efforts of hundreds of firefighters battling the blazes. Two of the fires have been burning for several days. European Union officials have blamed climate change for the increasing frequency and intensity of wildfires in Europe, noting that 2022 was the second-worst year for wildfire damage on record after 2017. In Greece, authorities said the body of a man was recovered from a sheep pen in an area in the central Viotia region under evacuation as a wildfire approached. Local media reported the man apparently died of smoke inhalation while trying to save his livestock. Last month, a wildfire on the resort island of Rhodes forced the evacuation of some 20,000 tourists. Days later, two air force pilots were killed when their water-dropping plane crashed while diving low to tackle a blaze on Evia. Another three wildfire-related deaths have been recorded this summer. In Spain's Canary Islands off the coast of West Africa, a wildfire that police say was started deliberately last Tuesday in Tenerife continued to burn out of control. More than 12,000 people have been evacuated and about 13,400 hectares (33,000 acres) of pine forest and scrubland have burned. European forecast High pressure dubbed a “heat dome” has moved in across mainland Europe and has extended down to the Mediterranean and is expected to push through on Thursday when temperatures are expected to reach their highest. Parts of the Iberian peninsula could reach close to 45C while southern France and northern Italy will see highs of 30s to low 40s. In France, weather warnings are also in place this week where temperatures in the south and east have already reached highs of 40C. Also, there are warnings for high temperatures in Switzerland, Germany, Poland, Italy, Croatia, Greece, Hungary Austria and Lithuania. Spain announced a heatwave Sunday and expected to last until at least Thursday. But Spain and France should avoid some of the worst heat by the weekend. Read More Mapped: Where are the wildfires in Tenerife as blaze forces thousands to flee The five charts alarming scientists about the climate crisis ‘Out of control’ wildfire on Spanish island of Tenerife leads to evacuation of villages Why do heatwaves in the UK feel hotter than abroad? The startling and grim discoveries unearthed by the climate crisis Earth’s CO2 hits highest recorded level in human history
2023-08-22 04:23
Greece wildfires: Authorities on alert for new spate of blazes
Greece wildfires: Authorities on alert for new spate of blazes
Officials warn that high temperatures and strong winds on Tuesday could see more devastating fires.
2023-08-22 02:46
Musk Told Pentagon He Spoke to Putin Directly, New Yorker Says
Musk Told Pentagon He Spoke to Putin Directly, New Yorker Says
Elon Musk told Pentagon officials during a call about the satellite-based internet that SpaceX supplies to Ukraine’s military
2023-08-22 01:45
Italy Faces Wider Budget Deficits on Meloni’s Tax-Cut Plans
Italy Faces Wider Budget Deficits on Meloni’s Tax-Cut Plans
Italy may slow down its deficit-reduction plans after the economy unexpectedly shrank, a move that would give the
2023-08-22 00:57
JPMorgan Isn’t Taking Any Chances With New EU ESG Rule
JPMorgan Isn’t Taking Any Chances With New EU ESG Rule
The asset management unit of JPMorgan Chase & Co. is breaking away from a number of its peers
2023-08-22 00:49
UK’s Cleverly Prepares to Visit China in Last Week of August
UK’s Cleverly Prepares to Visit China in Last Week of August
UK Foreign Secretary James Cleverly is set to visit China in the last week of August for talks
2023-08-21 22:50
Turkish Banks Warn of Risks in Plan to Curb Lira Protection Tool
Turkish Banks Warn of Risks in Plan to Curb Lira Protection Tool
Turkish lenders are complaining that tough targets imposed by authorities to curb a tool designed to support the
2023-08-21 22:47
Steinhoff Europe’s Ex-CFO Faces Jail Over Accounting Scandal
Steinhoff Europe’s Ex-CFO Faces Jail Over Accounting Scandal
Steinhoff International Holdings NV’s former European finance chief, Dirk Schreiber, was handed a 3 1/2 year jail sentence
2023-08-21 22:24
Bitcoin Extends Losses as Global Jump in Bond Yields Deters Dip Buying
Bitcoin Extends Losses as Global Jump in Bond Yields Deters Dip Buying
Bitcoin added to losses racked up during the token’s worst week since November last year as the prospect
2023-08-21 22:16
BRICS Expansion Gets Interesting If Saudis Join, Jim O’Neill Says
BRICS Expansion Gets Interesting If Saudis Join, Jim O’Neill Says
Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise
2023-08-21 18:17
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