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List of All Articles with Tag 'euro'

Oil Resumes Rally as Asian Equities Gain, US Inventories Decline
Oil Resumes Rally as Asian Equities Gain, US Inventories Decline
Oil advanced, tracking gains in wider Asian equity markets, after US crude inventories declined and the Federal Reserve
2023-07-27 11:24
Most unaccompanied children failed to win asylum in Greece, NGO says
Most unaccompanied children failed to win asylum in Greece, NGO says
BRUSSELS Fewer than a third of unaccompanied children succeeded in winning asylum in Greece last year, with the
2023-07-27 09:23
Private Credit Lures $71 Billion in Second Quarter, Preqin Says
Private Credit Lures $71 Billion in Second Quarter, Preqin Says
Demand for private credit rebounded globally in the second quarter, with 34 new funds raising $71.2 billion, more
2023-07-27 07:47
Greece orders fresh evacuations as wildfires erupt on mainland
Greece orders fresh evacuations as wildfires erupt on mainland
By Angeliki Koutantou and Karolina Tagaris ATHENS (Reuters) -Authorities ordered the evacuation of a handful of communities in central Greece
2023-07-27 05:21
More than 40 people killed as wildfires rage in nine Mediterranean countries in record heatwave
More than 40 people killed as wildfires rage in nine Mediterranean countries in record heatwave
More than 40 people have died in wildfires that have engulfed swaths of land in nine Mediterranean countries, destroying homes, livelihoods and forests. Thousands of firefighters worked to contain the blazes as searing temperatures scorched parts of Greece, Italy, Spain, Gran Canaria, Portugal, Turkey, Croatia and France, as well as Algeria and Tunisia. Authorities ordered the fresh evacuations of several communities in central Greece on Wednesday as they battled new fronts in the fires that have been spreading for 10 days. High winds hampered firefighting efforts, and combined with the heatwave, they created a “perfect storm” that allowed flames to spread. Sixty-one wildfires erupted across Greece in just 24 hours, the fire brigade said, with the worst outbreaks near the central town of Velestino, where officials ordered precautionary evacuations. Follow our live coverage of the wildfires and heatwave here But as Athens recorded 40C and northern Turkey 43C, there were hopes the mercury may now have peaked. The entire island of Rhodes, where more than 20,000 holidaymakers and locals were forced to flee at the weekend, was put into a state of emergency. At least seven people have been killed in Italy, which suffered extreme heat in the south and violent storms in the north, and in Algeria, 34 people including 10 soldiers have been killed by flames or smoke in recent days. Those fires also spread to forests in Tunisia, where some cities recorded 49C this week. On the island of Sicily, two elderly people were found dead in a home consumed by flames near Palermo airport, which had been closed temporarily because of encroaching flames, according to news reports. Another woman died after fires prevented an ambulance from reaching her home. Homes and hotels were also evacuated in the Italian regions of Sicily, Sardinia and Calabria. It comes after two Greek pilots were killed in a crash during a low-altitude water drop on Tuesday. The wildfires have released record greenhouse gas emissions this month, the European Union’s Copernicus Atmosphere Monitoring Service (Cams) said. The megaton of carbon was nearly double the previous record, set in 2007. Fire crews have been battling more than 500 fires for almost two weeks. Several people have been arrested or fined for accidentally starting fires, but scientists and EU officials say the increasing frequency and intensity of wildfires is down to the climate crisis. Without human-induced climate change, wildfires would have been extremely rare, according to World Weather Attribution, a global team of scientists. On Rhodes, a nature reserve was damaged, and fires also burned in Vati and Gennadi. “The fires have started again,” a fire official told The Independent. “A little wind and the fire returns … that’s the problem.” Dozens of firefighters were trying to tame a firefront in the south. Greece’s civil protection agency extended its state of emergency to the whole of Rhodes for six months “to deal with emergencies and manage the consequences of catastrophic forestry fire”, minister Vasilis Papageorgiou said. In the sleepy town of Malonas, volunteers ventured out again to try to keep the fires at bay – having fought back the flames as they approached the night before. “We have no energy, we have no power – not enough to stop this ... We are waiting for the wind to calm down to try again tonight to finish the job, but it is very difficult because after 10 days everyone is very tired,” said a volunteer named Panos. However, a “level 5” alert on Crete on Tuesday was dropped to level 4 on Wednesday, and one fire official said the wildfires that had raged across Greece for more than a week abated on Wednesday. The Greek government tried to contain damage to the reputation of its tourism industry. Tourism minister Olga Kefalogianni stressed that wildfires had affected only a small part of the island. A fire brigade spokesperson, Ioannis Artopoios, said tackling the fires was a significant financial burden for Greece, with firefighting on Rhodes alone costing about €7.5m (£6.4m) so far. In Italy, the government was meeting to declare a state of emergency in regions worst hit and introduce a furlough scheme for workers most exposed to the heatwave. The country’s firefighters said they had battled nearly 1,400 fires between Sunday and Tuesday, including 650 in Sicily and 390 in Calabria, where a bedridden 98-year-old man was killed as flames consumed his home. Planes were also trying to douse the flames on the hills around Palermo on Wednesday. In Croatia, water-dropping planes and more than 100 firefighters held back a blaze before it reached houses in the walled town of Dubrovnik. In Portugal, more than 500 firefighters tackled a blaze near Lisbon. Around 90 people were forced to leave their homes, along with 800 animals taken from farms under threat. Read More Where are the wildfires? The nine affected countries mapped Greece wildfires: What is the Fire Weather Index and which areas could face wildfires in the future?
2023-07-27 05:16
Mediterranean fires: Evacuations as new blazes break out in Greece
Mediterranean fires: Evacuations as new blazes break out in Greece
Efforts are continuing to contain blazes in a number of Mediterranean countries.
2023-07-27 04:23
EU plans to buy new firefighting planes as climate crises worsen
EU plans to buy new firefighting planes as climate crises worsen
By Kate Abnett BRUSSELS (Reuters) -The European Union wants to sign contracts this year for up to 12 firefighting planes,
2023-07-27 02:48
Ameland rescue: Ship with 3,000 cars in deadly fire off Dutch coast
Ameland rescue: Ship with 3,000 cars in deadly fire off Dutch coast
Environmental groups warn the fire could harm an area of the North Sea that is a World Heritage site.
2023-07-27 00:49
Matt Moulding’s THG Agrees to Buy London Newspaper City AM
Matt Moulding’s THG Agrees to Buy London Newspaper City AM
THG Plc, the online health, beauty and wellness retailer, has agreed to buy UK business newspaper City AM.
2023-07-27 00:48
Russia-Ukraine war – live: Putin’s forces pushed back near Bakhmut as Kyiv sends 1,700 drones to help advance
Russia-Ukraine war – live: Putin’s forces pushed back near Bakhmut as Kyiv sends 1,700 drones to help advance
Vladimir Putin’s troops are being pushed back by Kyiv’s forces in eastern and southern Ukraine, where 1,700 drones will be sent to the frontline to help their counteroffensive “All of [the drones] are now going to the front to protect the lives of our soldiers, to make our artillery even more accurate, to destroy the enemy,” Mykhailo Fedorov, a deputy prime minister, said. The deputy defence minister, Hanna Maliar, reported advances towards the southern occupied cities of Melitopol and Berdyansk which is on the Sea of Azov. She said Kyiv’s troops were also successfully attacking in the east on the flanks of occupied Bakhmut – a city that has gained symbolic importance to both Kyiv and Moscow after months of bloody clashes. While “successes” in the southeast, she added, include an area near the village of Staromayorske which is located by a cluster of hamlets recaptured by Ukraine in the Donetsk region this summer. “Battles continue near Staromayorske, our defenders have successes, they were gaining a foothold on the reached frontiers,” Ms Maliar added. Read More Putin ‘looked paralyzed and unable to act’ as Wagner coup unfolded African leaders arrive in Russia for summit with Putin, as Kremlin seeks allies in Ukraine war China and Russia to join North Korea’s Korean War celebrations in a first after pandemic ‘Our own front line’: Ukrainian surgeons see wave of wounded soldiers since counteroffensive began
2023-07-27 00:18
Fire-Ravaged Greece Braces for More Heat as Rest of Europe Cools
Fire-Ravaged Greece Braces for More Heat as Rest of Europe Cools
Greek authorities are evacuating part of the central city of Lamia as high winds and heat increased the
2023-07-26 23:54
European Stocks Decline as LVMH Earnings Roil Luxury Sector
European Stocks Decline as LVMH Earnings Roil Luxury Sector
European stocks dropped, snapping their longest winning streak since January, as earnings season rolled on and investors looked
2023-07-26 23:45
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