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List of All Articles with Tag 'euro'

Bonds Everywhere Are Suffering as Rate-Hike Fears Swamp Traders
Bonds Everywhere Are Suffering as Rate-Hike Fears Swamp Traders
Bonds are slumping from the US to Australia as early hawkish signs from this month’s slew of central-bank
1970-01-01 08:00
Oil Steady After Mixed Stockpile Data as Demand Concerns Linger
Oil Steady After Mixed Stockpile Data as Demand Concerns Linger
Oil steadied as investors weighed mixed US data on crude and petroleum stockpiles amid persistent concerns over the
1970-01-01 08:00
Asia Stocks Set to Fall as Fed Rate Wagers Upended: Markets Wrap
Asia Stocks Set to Fall as Fed Rate Wagers Upended: Markets Wrap
Stocks in Asia are poised to open lower in the wake of a slide on Wall Street as
1970-01-01 08:00
Mapped: The damage caused by Ukraine’s devastated dam
Mapped: The damage caused by Ukraine’s devastated dam
War-torn Ukraine is reeling from the collapse of the Nova Kakhovka hydroelectric dam, which saw its reservoir burst causing chaos for miles around. The catastrophe on Tuesday forced thousands of residents of nearby towns and villages to evacuate their homes as the floodwater barrelled towards them and left some climbing onto rooftops or into trees to escape the raging torrents. Hundreds of thousands more have been left without access to clean drinking water in the region as a result of the eco-disaster on the Dnipro River, prompting relief workers to rush fresh supplies to the area as they struggle with the problems of mass resettlement. While the official tallies report that over 2,700 people have fled from flooded areas on both the Ukrainian and Russian-controlled sides of the river, a true picture of the disaster has yet to emerge given that more than 60,000 people live in the vicinity. Kyiv has blamed Russia for deliberately destroying the Soviet-era infrastructure, with Moscow, inevitably, protesting its innocence and contemptuously suggesting that Ukrainian saboteurs are responsible. Ukraine’s president Volodymyr Zelensky has called the incident “a war crime” and the “largest man-made environmental disaster in Europe in decades”. Russia would certainly appear to have the most to gain from the disaster and President Zelensky did warn as long ago as last November that he believed enemy soldiers had mined the dam and were plotting its destruction. He reiterated that stance in a tweet on Tuesday: “It is physically impossible to blow it up somehow from the outside, by shelling. It was mined by the Russian occupiers. And they blew it up.” For now though, the priority remains coming to the aid of the stricken people of Kherson. Ukraine’s deputy prime minister Oleksandr Kubrakov has warned of the threat to their wellbeing posed by hazardous chemicals and infectious diseases carried by the water as well as from landmines previously placed near the war’s frontline, which have been disturbed by the floods and are now likely to explode. The water in the reservoir feeds a wide area of southern Ukrainian farmland, including the annexed peninsula of Crimea, as well as providing all-important cooling water to the Russian-held Zaporizhzhia nuclear plant, lying nearby as indicated on the map below. A United Nations nuclear watchdog has attempted to reassure the public by saying that there is “no immediate risk” to the plant, even if it were to run out of water for its cooling systems. There is no such good news for the region’s farmers, however, with the flooding expected to spell instant disaster for this year’s harvest: crops are likely to be washed away, fields left waterlogged and livestock drowned in water that is at serious risk of being contaminated by machine oil, already seen gushing into the Dnipro. The depleted reservoir is also considered unlikely to be able to supply adequate irrigation to the surrounding fields for several years to come, a huge setback for Ukraine’s eventual hopes of economic recovery. All of which is also likely to have consequences for a global food market that has increasingly relied upon Ukraine for the supply of agricultural produce since the end of the Cold War. “There is no doubt that this will lead to large-scale environmental, economic and human consequences,” Mykhailo Podolyak, a chief adviser to President Zelenksy, told The Independent. “The instantaneous death of a large number of fish and animals, the waterlogging of drained lands, and the change in the climatic regime of the region, will later be reflected in the food security of the world. “A one-time reduction of water in a huge reservoir will lead to unpredictable ecological consequences.” Mr Podolyak warned that he expected the floodwaters to reach Mykolaiv, lying 56 miles from the dam and decried the drowning of the entire population of animals at the Kazkova Dibrova zoo on the Russian-held eastern bank of the river as particularly tragic. President Zelensky has already rebuked the officials installed by Moscow to run occupied territories along that bank for failing to respond adequately to the emergency. The Russian authorities he criticised have conceded that they have evacuated fewer than 1,300 people so far in an area where as many as 40,000 people were said to be affected. That compared unfavourably with the estimated 1,700 evacuated on the Ukrainian side to the west, where the population was reportedly around 42,000. According to the independent Russian news outlet Vyorstka, residents of the Moscow-run village of Oleshky, for one, remain stranded, the publisher quoting one woman as saying that her mother, who could not make it to the roof, was in the water clutching a ladder. A volunteer confirmed to Vyorstka that those still awaiting evacuation included children and disabled people. Civilians in Kherson itself were seen clutching personal belongings as they waded through knee-deep water in the streets and rode rubber rafts. Video on social media showed rescuers carrying others to safety and what looked like the triangular roof of a building floating downstream. Aerial footage showed flooded streets in the Russian-controlled city of Nova Kakhovska itself, where Mayor Vladimir Leontyev said seven people were missing, although they were believed to be alive. But perhaps most striking of all has been the aerial shots of the region captured by Maxar Technologies, which give the fullest picture of the damage done seen so far. Additional reporting by agencies Read More Ukraine-Russia war news – live: Exploding mines float through floodwater after Kherson dam attack Massive destruction after Ukraine dam collapse revealed in new satellite images Watch view of flooding in Kherson after destruction of Dnipro river dam The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
1970-01-01 08:00
Sunak Seeks Biden’s Backing on AI After UK Left Out of Key Talks
Sunak Seeks Biden’s Backing on AI After UK Left Out of Key Talks
Prime Minister Rishi Sunak called for global cooperation to guard against risks posed by artificial intelligence, before talks
1970-01-01 08:00
Ukraine dam: Dislodged mines a major concern as residents flee Kherson
Ukraine dam: Dislodged mines a major concern as residents flee Kherson
Officials say there could be a catastrophic impact on agriculture, worsening global food shortages.
1970-01-01 08:00
Fiorentina's Cristiano Biraghi Bloodied By Trash Thrown By West Ham Supporters
Fiorentina's Cristiano Biraghi Bloodied By Trash Thrown By West Ham Supporters
West Ham supporters threw trash that hit Fiorentina's Cristiano Biraghi.
1970-01-01 08:00
Ukraine’s fields could become deserts and spark global food crisis in wake of dam destruction, officials warn
Ukraine’s fields could become deserts and spark global food crisis in wake of dam destruction, officials warn
The destruction of the Nova Khakhovka dam will likely turn Ukraine’s southern fields “into deserts” within the year – sparking a global food security crisis, top Ukrainian officials have warned. Ukraine’s emerency services are carrying out rescue operations across dozens towns and villages in the wake of the dam – which is under Russian occupation – unleashing the waters of one of Europe’s largest reservoirs across the war-torn south. The deluge has destroyed homes, drowned animals, severed clean water supplies and forced thousands of people to evacuate. The sudden emptying of the reservoir has crippled key irrigation systems in three surrounding regions. That has stopped the water supply to nearly 600,000 hectares of agricultural land, and endangered the production of 4 million tonnes of grain and oil crops, Ukraine's agricultural ministry wrote in a statement. “The fields in the south of Ukraine may turn into deserts as early as next year,” the ministry said, adding that the surrounding countryside and water supplies have also been destroyed and fish stock killed. “In total, according to preliminary calculations, the losses from the death of all biological resources will amount to [$285 million dollars],” it concluded. Mykhailo Podolyak, a chief advisor to President Zelenksy, warned this “global ecological disaster” could impact worldwide food supplies, as Ukraine, nicknamed the bread basket of the world, is a major producer of grains and oils. “The instantaneous death of a large number of fish and animals, the waterlogging of drained lands and the change in the climatic regime of the region will later be reflected in the food security of the world,” he told The Independent. Ukraine holds the western bank of the Dnipro River near the dam - where some 16,000 people were affected by the flood. Russia controls the eastern side, which is lower and more vulnerable to flooding and where some 22,000 people are impacted. About 3,000 people have already been evacuated from flooded areas on both sides of the river, officials said. The Ukrainian military has blamed Moscow for the attack, saying Russia wants to prevent an advance by Ukrainian forces. The Kremlin denies the accusations saying Kyiv is seeking to distract from a “failing” counteroffensive, that is ongoing. The Kakhovka hydroelectric dam and reservoir are essential for drinking water and irrigation for a huge area of southern Ukraine and the Crimean Peninsula, which has been occupied by Russia since 2014. It lies in a part of the Kherson region that has been controlled by Moscow's forces for the past year since President Vladimir Putin launched his invasion. On Wednesday the authorities and charities rushed to get drinking water and food supplies to the flooded areas and to help save those who are stranded. In the city, people used boats and rafts to try to find missing inhabitants, while others waded through knee-deep water clutching their belongings. “There were people standing on the street just in their underwear because the water had come in too fast and submerged their homes and belongings,” said Yuliya Konovalova, an aid worker who works for Ukrainian animal charity Hachiko. She had spent the day bringing hot meals and water to the inhabitants of Kherson, and rescuing and feeding stranded pets. "The water was rising so fast we hope those people manage to escape,” she added. She said in the centre of the city trains were leaving every two hours despite the flooding and the shelling to ferry people to the nearby city of Mykolaiv “It is a disaster, it is a catastrophe, it is difficult to understand how it is possible.” “It was a really painful day, on the way back I was crying,” she added breaking down in tears. Ukrainian President Volodymyr Zelensky said that Russian soldiers were shooting from a distance while rescue attempts were in progress. "As soon as our helpers try to save them, they are shot at," he told German newspapers Bild and Die Welt and also Politico. The country’s deputy prime minister, Oleksandr Kubrakov, also warned of drifting landmines unearthed by the flooding. "Water is disturbing mines that were laid earlier, causing them to explode," Mr Kubrakov said. “As a result of the flooding, infectious diseases and chemicals were getting into the water,” he added. Mr Zelensky said later said on Telegram he had spoken to French President Emmanuel Macron about the environmental and humanitarian situation in the Kherson region. "I laid out Ukraine's general needs in dealing with the disaster. And we discussed the possibility of involving international mechanisms to investigate its causes," the president said. Meanwhile, in his first public comments on the disaster, President Putin repeated Moscow's line that Ukraine is to blame for destroying the Kakhovka dam. In a call with Turkish President Recep Tayyip Erdogan, Mr Putin alleged that Kyiv authorities had escalated "war crimes, openly using terrorist methods and staging acts of sabotage on the Russian territory," the Kremlin said in its account of the call. Read More Ukraine-Russia war news – live: Exploding mines float through floodwater after Kherson dam attack ‘Hard to control emotions’ amid Kherson flooding, says Ukrainian aid worker A dam bursts, but this barbaric attack will not halt Kyiv’s ‘big push’ Ukraine’s long-term future to be on agenda at Sunak and Biden meeting The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
1970-01-01 08:00
Germany Set to Boost Investor Returns From Energy Networks
Germany Set to Boost Investor Returns From Energy Networks
Germany’s energy network regulator promised a bigger payback for investors in power and gas grids, a decision that’s
1970-01-01 08:00
Thyssenkrupp Bids for $5.2 Billion Indian Submarine Contract
Thyssenkrupp Bids for $5.2 Billion Indian Submarine Contract
Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Ltd. intend to jointly build submarines for the Indian
1970-01-01 08:00
Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data
Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data
The Dutch privacy regulator has sought clarification from ChatGPT maker OpenAI on how it handles personal data when
1970-01-01 08:00
Italy Readies Restrictions on Pirelli’s Chinese Investor
Italy Readies Restrictions on Pirelli’s Chinese Investor
Italy is preparing restrictions on Pirelli SpA’s top shareholder, China’s Sinochem, including limits to its say over company
1970-01-01 08:00
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