List of All Articles with Tag 'euro'

The UK looks set to fail on a pledge to build 32 new hospitals in England by 2030,

Traders are growing increasingly convinced that the European Central Bank will sharply lower interest rates to cushion the

The European Central Bank’s decision to halt interest rate increases at its October meeting is fully justified by

The Cricket World Cup is drawing to a close, with the final match to be played on Sunday

UK bankers paid thousands more in taxes last year, a development that drew warnings that the City of

Oil headed for a fourth weekly loss after sinking into a bear market as signs of healthy supplies

Prime Minister Benjamin Netanyahu defended an Israeli raid on Al Shifa hospital, saying troops uncovered a Hamas command

The European Union could reap €628 billion ($681 billion) a year by bringing digitally lagging businesses up to

Residents from a small Icelandic town under threat from volcanic eruption have described ‘apocalyptic’ existence as they fear for their future. Last Friday, thousands of Grindavik residents were ordered to leave as the town was rocked by hundreds of earthquakes. The small fishing town is 34 miles from Reykjavík and is home to the famous tourist attraction the Blue Lagoon. Many have been unable to return to the ‘danger zone’ to collect their belongings, as earthquakes continue to strike the town. Grindavik resident Andrea Ævarsdóttir, 46, told The Independent: “Everything just seems so unreal, I feel like I’m in a dystopian movie. I’m just waiting to wake up from this nightmare.” The mother was getting ready to go into Reykjavík to celebrate her son Björgvin Hrafnar’s 16th birthday when their house started to shake on Friday. “Some of them [the earthquakes] were like a big truck had driven past your house, the bigger ones were like the same truck had hit your house,” she said. “Everything was shaking so bad, the floors were going up and down.” The family planned on staying overnight at her mother’s home, but they were alerted en route that they were going to be evacuated so only had their overnight bags and had left their cats behind. Ms Ævarsdóttir made the difficult call to return home to get her cats and medication but was stopped at a checkpoint on the main road Grindavikurvegur. Fortunately, the mother was granted special permission to return to collect her tablets and three pets before heading back. Like other Grindavik residents, Ms Ævarsdóttir was allowed to return home on Monday to collect her belongings but had to obey a 10-minute time limit. She is now living with her 16 and 14-year-old sons in her mother’s cramped two-bedroom apartment. Describing the surreality and sadness of leaving her home, she said: “I was crying non-stop when we got to Grindavik, we were allowed to drive into town. “We had ten minutes, you don’t have the mental capacity to think, I was in panic mode, I just grabbed what I could see. “I grabbed all of the clothes I could think of but I left one of the packed suitcases behind.” The children do not yet have to return to school as they recover from the shock, but it remains unclear where they will go, explained the mother. The distraught mother works as the director of a local and public school library and explained the families ‘entire existence is in Grindavik’. Her home of eight and a half years is still standing but some have fallen to the ground due to the strong quakes. “It was really hard to see the state of some of the houses and streets. My house seemed fine but this area is really unstable.” Now the mother has to decide whether she wants to eventually move back to the town, if it isn’t destroyed by the volcanic eruption. She says residents have accustomed to living with earthquakes, but living on an active volcano fissure is a different story. “I love living in Grindavik, it’s a really nice close-knit town but now comes the fear if we get to move back, do we want to move back?” she said. “This area is really unstable. Do we want to experience evacuation again?” Siggeir Ævarsson, 38, is another Grindavik resident who does not know if he will be able to return to his family home. The teacher had planned to meet his brother and sister-in-law but after the earthquakes stuck on Friday his brother-in-law urged them to come sooner. “I’ve seen a lot Earthquakes but this is something I’ve never felt before. “The sources were 2km away from our house. Things were falling down from shelves, I was standing in the kitchen I thought, can I even put pans on the stove.” Alongside his wife and youngest daughter,Þorgeir Úlfar,14, they grabbed their two cats and left. The 38-year-old says he and his wife, Soffía Sveinsdóttir, 39, have been fortunate as his sister-in-law has a spacious house with spare rooms. Mr Ævarsson was allowed to return on Sunday and was able to fill two cars with their items. “It was like going into an apocalyptic movie. The town was empty and lifeless. There were cracks everywhere. “It was very weird to walk into the house, it looked exactly the same the lights were still on. “Other houses are cracking in two, my house was fine, but a few metres up the road they are ruined.” As a born-and-bred Grindavikian, the father–of-two is trying to remain positive and “not think about lava flowing through his home”. “I’m trying to think of this as extension of a holiday, I’m watching movies, drinking beer.” Read More Iceland residents describe ‘apocalyptic’ scenes as they flee volcano threat Iceland eruption likely scientists warn as ‘biggest bulldozer’ deployed - live Biggest volcanic eruptions in the last 10 years as Iceland town faces devastation Is it safe to travel to Iceland? Your rights if you have a holiday booked Huge cracks appear on roads in Iceland’s volcano-threatened town Iceland earthquake: Town could be obliterated if volcanic eruption strikes

Mark Mobius, whose name has been synonymous with investing in developing countries for a third of a century,

With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority

Oil headed for a fourth weekly loss after sinking into a bear market as signs of healthy supplies