List of All Articles with Tag 'euro'

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

German Chancellor Olaf Scholz said he was examining Italy’s deal to hold migrants in Albania and process their

German Chancellor Olaf Scholz threw his support behind Spain’s acting Economy Minister Nadia Calvino in her bid to

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

Protesters gathered in London for a pro-Palestinian march that’s turned into a divisive political issue in the UK,

Novo Nordisk A/S unveiled details from a closely watched study that support use of Wegovy, its blockbuster weight-loss

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)

Hello from London, where military bands, horses and a gold state coach are gathering for the Lord Mayor’s

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