List of All Articles with Tag 'euro'

Russia’s weekly seaborne crude exports rebounded before a meeting of OPEC+ oil minsters, which has been delayed by

Standard Chartered Plc is in the early stages of a search for its next chair as the emerging

By Sruthi Shankar (Reuters) -European shares fell for a second session on Tuesday, stalling November's strong run of gains, after

Researchers working inside a unit of BlackRock Inc. estimate that a reform of public financial institutions could free

Electricite de France SA is selling the first green bond in Europe that can be used to finance

Turkey’s Army Pension Fund, OYAK, has reached a preliminary agreement to sell its stakes in two cement firms

German Chancellor Olaf Scholz promised that his government will forge ahead with investments needed to modernize the economy

At least nine people have died due to extreme weather conditions as a winter storm lashed parts of Russia and Ukraine, knocking out power from hundreds and thousands of households. The severe cold struck war-torn Ukraine at a time when thousands of both Russian and Ukrainian troops were engaged in intense fighting in the eastern towns near the Black Sea almost 22 months into Vladimir Putin's invasion. Kyiv fears Moscow could attack its power grids with air strikes this winter. The "storm of the century" killed at least four people in Russia and occupied Crimea after it struck the southern part of the country over the weekend. Dagestan, Krasnodar and Rostov, as well as the occupied Ukrainian territories of Donetsk, Lugansk, Kherson, Zaporizhzhia and Crimea have been struggling with the violent weather conditions, the authorities said. At least 1.9 million people were affected by power cuts in Russia, according to energy minister Nikolay Shulginov. In Ukraine, at least five people were killed and almost 1,500 towns and villages were left without power after storms dumped up to 10 inches of snow in some places. "Unfortunately, as of now, there are some deaths. The highest number is in the Odesa region - five people," Ukrainian president Volodymyr Zelensky said in his nightly video address. Schools were ordered to shut, while traffic was halted on 10 highways. Southern Odesa, the Mykolaiv regions, and central Kyiv were the worst affected places, with initial power cuts reported in 40,000 homes in the capital region. Ukraine is likely to be hit with more snow and rain on Tuesday, according to forecasters. Nearly 2,500 people were rescued following a snowstorm in Odesa, local governor Oleh Kiper said. About 849 vehicles have been towed out, including 24 buses and 17 ambulances, he announced on Telegram, adding that all those trapped by the snow since the start of the snowstorm had now been rescued. On Monday evening, the boiler facility in Odesa, where a 100-metre pipe broke and fell on Sunday, resumed operations. Huge waves crashed over beachside areas of the Black Sea coast, killing one person. One man, who "went out to look at the waves" died in the Russian-annexed Crimean peninsula, said Oleg Kryuchkov, an adviser to the region's Russian-installed governor. Vladimir Konstantinov, a Crimean lawmaker, said the peninsula had experienced an "armageddon"-like scenario. "Old-timers can't remember this kind of wind and waves," he added. In the resort cities of Sochi and Anapa, one person died and several people were injured when hundreds of trees were blown down. In neighbouring Moldova, four people were reported dead during the cold snap that hit the region over the weekend. Two dead bodies were recovered from inside a car buried in a snowdrift in the southeastern area of Coscalia and another outside the capital. Ukraine's border service said that two border crossings in the Odesa region to Moldova reopened after a temporary suspension on Sunday, but traffic conditions remained difficult. Read More Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January Germany is having a budget crisis. With the economy struggling, it's not the best time Russia-Ukraine war live: Putin resorts to ‘energy terrorism’ as snow hits Odesa Chechen warlord Kadyrov offers Putin 3,000 more fighters amid heavy Russian losses Russian forces encircle Avdiivka and ‘ready to storm city’ ICC prosecutors halt 13-year Kenya investigation that failed to produce any convictions

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

FRANKFURT Lending to euro zone firms dipped into negative territory for the first time since 2015, data from

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

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