Swedish Households’ Outlook on Housing Prices Fades Further
Swedish households’ expectations on housing prices fell for a third straight month as economic data show growth stagnating
2023-11-13 14:20
Moody’s Tail Risk Has Italy on Edge Before Critical Rating Call
A possible downgrade of Italy to junk this week would be hugely symbolic, potentially consequential — and very
2023-11-13 13:27
Euro-Zone Inflation Seen Slowing More Quickly in Latest Survey
Euro-area inflation will sink below the 2% target in early 2025 — sooner than the European Central Bank
2023-11-13 13:15
Grindavik couple fear losing their home after evacuating: ‘It’s a pretty grim situation’
A man who evacuated from a town in Iceland after earthquakes put the region on alert for a volcanic eruption said he fears he might never see his home again. Caitlin McLean, from Scotland, was visiting her boyfriend, Gisli Gunnarsson, in Grindavik when they were forced to flee his home at midnight on Friday, packing only a few essential items, to stay with Mr Gunnarsson’s mother in Reykjavik. Police evacuated Grindavik after seismic activity in the area moved south towards the town, with a corridor of magma, or semi-molten rock, now thought to be extending under the community, Iceland’s Meteorological Office said. Ms McLean, 34, captured the moment the furniture and light fixtures shook violently in Mr Gunnarsson’s home on Friday. “At around four on Friday, (the earthquakes) just started being non-stop. Just constant big quakes for hours,” Mr Gunnarsson, 29, told the PA news agency The music composer, who was born and raised in Grindavik, described the situation as “grim”. He said: “First and foremost, the thought that you might never see your home town ever again, that’s tough. “We all rushed out of (Grindavik) so quickly, in a matter of hours, so we didn’t really think at the time that might possibly be the last time we see our home, so that’s been difficult. “It’s a pretty grim situation at the moment.” Ms McLean, an artist, added that the situation has been “difficult” for people to understand. She told PA: “I think it’s difficult for the residents to really process that. “I think everyone’s still a wee bit shocked and it’s not really sinking in there is a possibility they’re not going to be able to go home.” It's a pretty grim situation at the moment Gisli Gunnarsson, resident of Grindavik Ms McLean has urged volcano enthusiasts to avoid the area and “be respectful” to people whose homes have been affected. She said: “I would definitely say there’s been quite a lot of people wanting to fly over (to Iceland), like people that are interested in volcanoes and lava. “They’re trying to keep tourists away because there’s been people already trying to fly drones over the town. “I understand for a lot of people this is a big spectacle, but these people are losing their homes potentially, so just to be respectful.” Mr Gunnarsson said the earthquakes on Friday were the worst he has experienced. “Not even the search and rescue are really going (to the town) at the moment. “The uncertainty is too high and it’s ready to pop at any moment, the eruption,” he said. The Blue Lagoon geothermal spa, one of Iceland’s biggest tourist attractions, said on Thursday it would close until November 16 due to the risk of an eruption.
2023-11-13 11:25
Oil Extends Three Weekly Drops With Focus on Demand Outlook
Oil held three weeks of declines as traders wait for industry reports to confirm whether the recent run
2023-11-13 08:57
UK Landlord Selloff Slows, Defying Highest Rates in 15 Years
Britain’s buy-to-let property deals are slumping as cautious buyers retreat and landlords endure the highest interest rates in
2023-11-13 08:53
Chinese Tourists Are Returning to London, But Spending Far Less
Chinese tourists are returning to London after restrictions on travel were lifted, but they’re spending dramatically less than
2023-11-13 08:29
When does the 2023 November international break end?
A look at the details of the November international break including when it starts and ends, as well as when the Premier League returns.
2023-11-13 08:20
Iceland earthquake: Town of Grindavik ‘could be obliterated’ if volcanic eruption strikes
A volcanic eruption could destroy the Icelandic town of Grindavik or lead to extensive ash clouds, experts have warned. The country has been shaken by more than 2,000 small earthquakes in the past few days prompting fears the tremours could disrupt the Fagradalsfjall volcano on the Reykjanes peninsula in the southwest of the country. Thousands have been told to evacuate Grindavik as a precautionary measure as a magma tunnel stretches below the surface. If an eruption occurs in or close to the town, the consequences will be devastating, volcanologist Ármann Höskuldsson warned. He told news site RUV: “This is very bad news. One of the most serious scenarios is an eruption in the town itself, similar to that in Vestmannaeyjar, 50 years ago. "This is [would be] much worse," says Ármann. Ragga Ágústdóttir, who lives close to Grinvadik, said residents were fearful of what could happen if an eruption struck. “The scenario on the table now is that it will happen in or just north of the town of Grindavik. There’s no good option here,” she told The Independent. If a volcanic eruption does not happen in Grinvadik, one could occur out at sea, experts have said. MP Gisli Olafsson said the country was praying the “worst case scenarios do not happen”. He shared on X, formerly Twitter: “The situation in Grinvadik continues to become even more grave than before. The town has already suffered considerable damage from the earthquakes and from the shifts in the ground as the magma thrusts itself upwards.” He said a 15km magma tunnel could turn into a fissure vent eruption as the chamber beneath the area was two times larger than previous eruptions in Reykjanes over the past few years. There is a chance the eruption could occur under the ocean, resulting in an explosive eruption and extensive ash clouds, he said. “Scientists have warned that they may not be able to give any further warning of when the magma reaches the surface, making it quite dangerous to go in there,” he added. It comes as residents endured a less shaky night as 880 earthquakes below magnitude three were recorded overnight compared to the previous 1,485 earthquakes which rocked the country in previous days. Some 3,000 residents have been evacuated, with many forced to leave their pets behind. A meeting on Saturday afternoon determined that only residents from the Þórkätlustað district were safe to swiftly return to collect necessities, report RUV. Magnús Tumi Guðmundsson, professor of geophysics, told RUV seismic activity continues, despite slowing down. He predicted three scenarios; the first is an eruption near Grindavik or north of the town; the second is that there is no eruption and the third, and least likely prediction, according to Mr Guðmundsson, is an undersea eruption. 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 yesterday. 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. Read More Iceland: Thousands evacuated as fears of volcano eruption grow Iceland earthquakes: Your rights if you are on holiday there or are planning to go Mapped: Iceland earthquake locations revealed as volcano eruption alert issued Iceland volcano eruption could be ‘hours or days’, meteorologist warns Iceland evacuates town and raises aviation alert as concerns rise a volcano may erupt Warning volcanic eruption ‘could obliterate Grindavik’ as residents flee - latest
2023-11-12 23:53
Ukraine-Russia war live: Putin’s troops ‘ramping up invasion plan with attacks on Bakhmut’
Moscow’s troops have ramped up their offence as they push to regain territory near Bakhmut, the head of Ukraine‘s ground forces wrote on Telegram. Ukrainian troops had recaptured the heights over Bakhmut and made some advances to the city’s west, north and south since Kyiv launched its summer counteroffensive. The eastern mining city Bakhmut was the site of the war’s bloodiest battle before falling into Russian hands in May, “Toward Bakhmut, the Russians have become more active and are trying to recapture previously lost positions. ... Enemy attacks are being repelled,” Col. Gen. Oleksandr Syrskyi wrote in a Telegram update on Sunday afternoon. Ukraine‘s long-awaited counteroffensive has so far resulted in only incremental gains and heavy losses, with Ukrainian troops struggling to punch through Russian lines in the south. Meanwhile, Moscow’s forces have attempted to press forward in the northeast, likely with a view to distract Kyiv and minimize the number of troops it is able to send to key southern and eastern battles. The Ukrainian ground forces’ spokesperson similarly reported that Russian troops had “switched from defense to active defense” near Bakhmut, “putting pressure” on Ukrainian troops south of the city. 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
2023-11-12 22:26
Spanish Protests Against Catalan Amnesty Deal Escalate
Tens of thousands of people gathered in central Madrid and other major Spanish cities to protest against acting
2023-11-12 22:21
Thousands march through Amsterdam calling for climate action ahead of Dutch general election
Tens of thousands of people marched through the streets of Amsterdam on Sunday calling for more action to tackle climate change, in a mass protest just 10 days before a national election. Organizers claimed that 70,000 people took part in the march and called it the biggest climate protest ever in the Netherlands. Activist Greta Thunberg was among those walking through the historic heart of the Dutch capital. She and former European Union climate chief Frans Timmermans, who now leads a center-left, two-party bloc in the election campaign, were among speakers due to address a crowd that gathered on a square behind the landmark Rijksmuseum. "We live in a time of crises, all of which are the result of the political choices that have been made. It has to be done and it can be done differently,” organizer the Climate Crisis Coalition said in a statement. While the coalition included the Fridays for Future youth movement, protesters were all ages and included a large contingent of medics in white coats carrying a banner emblazoned with the text: “Climate crisis = health crisis.” “I am a pediatrician. I’m here standing up for the rights of children," said Laura Sonneveld. “Children are the first to be affected by climate change.” Tackling climate change is one of the key policy areas for political parties contesting the Nov. 22 general election. “It is time for us to protest about government decisions," said Margje Weijs, a Spanish teacher and youth coach. “I hope this influences the election." ___ Follow AP’s climate coverage at https://apnews.com/hub/climate-and-environment Read More Russia ramps up attacks on key cities in eastern Ukraine Macron urges France to rise up against 'unbearable resurgence of antisemitism' before Paris march Dubai air chiefs summit, sponsored by Israeli firm, avoids discussing strikes as Hamas war rages
2023-11-12 22:20