List of All Articles with Tag 'europe'

The European Central Bank isn’t yet at a point where it should consider reducing borrowing costs, according to

UK inflation is becoming more “home-grown” and will be “challenging to squeeze out of the system,” according to

Rolls-Royce Holdings Plc set ambitious medium-term targets of higher cash flow and return on capital as Chief Executive

Almost 100 earthquakes shook Iceland from midnight today, as the country remains apprehensive about an imminent eruption. The strongest earthquake with a magnitude of 3.35 hit Vatnafjoll in South Iceland this morning at 5.56am, report the Icelandic Met Office. Yesterday night a seismic swarm started around the dike intrusion just north of the evacuated town of Grindavik. The Icelandic Met Office continues to warn of the “persistent likelihood of an imminent eruption”. In its latest update, the forecaster said there were around 100 earthquakes on Monday, with a “swarm” near the town which lasted just over an hour before midnight. A fortnight ago, Grindavik was evacuated after magma-induced seismic activity tore vast chasms through the streets of the town. While hundreds of earthquakes are still hitting the surrounding area daily, “seismic activity continues to decrease”, said the Icelandic Met Office, adding: “The likelihood of an imminent volcanic eruption diminishes with time.” However, one civil protection official told theThe Independent “It is still dangerous here ... I have never seen anything like it before. Usually we will have a few minutes warning to get out, but with the weather like it is today, we have even less.” Read More What to do with Grindavík: Has Iceland’s #1 selfie spot just emerged out of the ground? Is it safe to travel to Iceland? Your rights if you have a holiday booked Every resident of an Icelandic town was evacuated due to a volcano. Daring rescuers went back to save the pets

Bayer AG hired several teams of bankers for a strategy simulation game that studied various breakup scenarios, according

Norway’s $1.5 trillion wealth fund recommended that private equity be added to its investment portfolio, reflecting a broader

An $80 billion South African investment plan to begin transitioning the economy away from fossil fuels over five

Novartis AG raised its mid-term sales growth forecast as the Swiss drugmaker narrows its focus on innovative medicines

Chechen leader Ramzan Kadyrov said another 3,000 of his men were ready to join Russia's invasion of Ukraine amid reports of heavy losses for Vladimir Putin's troops in their push to capture an eastern city. Mr Kadyrov, a self-proclaimed "foot soldier" of the Russian president, said his fighters were ready to form new units of the Russian defence ministry and the Russian National Guard forces. His statement comes amid reports of Russian troops suffering “some of the highest” casualties of the conflict so far amid intense fighting in eastern Ukraine. The UK’s Ministry of Defence (MoD) on Monday said Russia was losing an average of 931 men a day this month, largely in the fight for the town of Avdiivka. Until now the heaviest casualties suffered in a month by Russia – according to Ukrainian data – was March this year, with an average of 776 losses per day during the push to capture Bakhmut. "They (the Chechen fighters) have the best equipment and modern weapons," Mr Kadyrov claimed on Telegram. "In addition, the guys are highly combative and very motivated to achieve results," he added. Mr Kadyrov had earlier sent 26,000 fighters to the battlefield since the beginning of Russia's war in Ukraine last year. According to reports, 12,000 were volunteers at that time and 7,000 of them were actively fighting. These claims about Chechen deployments to Ukraine could not be independently verified, and Reuters reported that several Chechen armed formations have fought on the side of Kyiv against Russia since Mr Putin launched his invasion in February last year. Mr Kadyrov also claimed last year to have sent his three teenage sons to fight in Ukraine, saying he wanted them to "show themselves in a real battle". "Soon they will go to the front line and will be on the most difficult sections of the line of contact," he had said in a Telegram post in 2022. Mr Kadyrov enjoys wide leeway from Mr Putin to run Chechnya ruthlessly as his personal fiefdom, but he angered pro-Kremlin hardliners in September by praising his 15-year-old son for beating up an ethnic Russian prisoner in Chechen custody. Mr Kadyrov met the Russian president in September amid speculations over his health, with rumours swirling that he was either dead or in a coma. He later clarified that he was fine and was travelling to a hospital in Moscow to visit a "sick uncle". Earlier this month Mr Kadyrov said that a large group of Russia's former Wagner mercenaries, who had played a prominent role in some of the fiercest fighting in Ukraine before their group fell into disarray after a brief mutiny against the Russian defence establishment, had also started training with special forces from Chechnya. Mr Kadyrov, 47, has mused publicly about handing over power at some point and appears to be actively working to raise the profile of his three teenage sons, the eldest of whom was photographed with Mr Putin in the Kremlin in March.

Londoners have more freedom to work from home than employees in Paris, according to a survey by Bloomberg

Vladimir Putin has signed a record national budget aimed at boosting the military amid staggering losses on the battlefield. After the budget was passed by the lower house of the parliament, speaker Vyacheslav Volodin said it was developed specifically to fund the military and to mitigate the impact of international sanctions imposed after Russia sent troops into Ukraine in February 2022. Part of the Russian budget is secret as the Kremlin tries to conceal its military plans and sidestep scrutiny of its operation in Ukraine. But independent business journalists Farida Rustamova and Maksim Tovkaylo said this month that around 39 per cent of all federal spending will go towards defence and law enforcement in 2024. It comes as data published by the UK Ministry of Defence, provided by Ukraine’s General Staff, showed the number of Russians casualties had risen to an average 931 a day this month. UK Defence Secretary Grant Shapps said: “Putin is stepping up his invasion - senselessly sending more Russians to die than at any time since the war began.” Read More Russian forces encircle Ukraine’s Avdiivka and ‘ready to storm city’ after months-long offensive Russian supermarkets are full of fruit, vegetables, cheese and meat. But shoppers can’t afford any of it A Dutch museum has sent Crimean treasures to Kyiv after a legal tug-of-war between Russia, Ukraine Ukraine and the Western Balkans top Blinken agenda for NATO foreign ministers meeting in Brussels

A sense of gloom is settling over Ukraine as the failure of a months-long counteroffensive gives way to