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List of All Articles with Tag 'europe'

BOE Issues Fresh Warning Over Risks in Pension Transfers
BOE Issues Fresh Warning Over Risks in Pension Transfers
The Bank of England has warned firms offloading pensions in a multibillion-pound market that they need to improve
2023-06-15 18:27
Russian Tycoon’s Superyacht Reappears, Heading for South Korea
Russian Tycoon’s Superyacht Reappears, Heading for South Korea
The $500 million Nord superyacht owned by Russian tycoon Alexey Mordashov reappeared after about eight months in the
2023-06-15 18:24
Deutsche Bank Warns of Trading Decline With Recession Likely
Deutsche Bank Warns of Trading Decline With Recession Likely
Deutsche Bank AG expects trading revenue to decline this quarter as interest rates near their peak and the
2023-06-15 18:16
ECB Enters Home Stretch of Historic Hiking Cycle: Decision Guide
ECB Enters Home Stretch of Historic Hiking Cycle: Decision Guide
The European Central Bank is poised to deliver what could be the penultimate increase in its unprecedented campaign
2023-06-15 17:45
Hundreds more feared drowned after 79 killed in Greece’s worst migrant boat tragedy in years
Hundreds more feared drowned after 79 killed in Greece’s worst migrant boat tragedy in years
Hundreds of refugees and migrants are feared missing after a fishing vessel carrying them from Libya capsized and sank off the southern coast of Greece. At least 79 were earlier confirmed dead in the accident that occurred early Wednesday, while officials now fear scores more may have drowned as rescue operations continued on Thursday. The exact number of people on the boat has become the subject of speculation, with some Greek officials claiming it carried as many as 600 people. This is the deadliest turn of events off the country’s coast since the height of the 2015 migration crisis. “It’s one of the biggest operations ever in the Mediterranean,” Greek coastguard spokesman Nikos Alexiou told state broadcaster ERT TV. “We won’t stop looking,” he said. Rescuers have so far saved 104 passengers, including Egyptians, Syrians, Pakistanis, Afghans and Palestinians. Mr Alexiou told local media on Thursday that all survivors are men. One of the dead, however, is a woman, said local reports. “No other survivor has been found [besides the 104 rescued yesterday] and the bodies [recovered] also remain 79,” he added. Caretaker Greek prime minister Ioannis Sarmas declared three days of national mourning on Wednesday night and said their thoughts were with “all the victims of the ruthless smugglers who exploit human unhappiness”. “There has been a dramatic rise in the death count, which is climbing by the hour,” one Greek official said on Wednesday. “Speculation is rife that as many as 600 people were onboard but that has not been confirmed. The ship is under the water. It has sunk.” Ioannis Zafiropoulos, deputy mayor of the port city of Kalamata, where survivors were taken, said there were “more than 500 people” on board. ERT TV reported that Charity Alarm Phone, which operates a trans-European network supporting rescue operations, said it received alerts from people on board a ship in distress off Greece late on Tuesday, saying 750 people were on board. However, it said that the spokesman for Greece’s caretaker government, Ilias Siakantaris, said reports that the vessel was carrying 700-750 people could not be confirmed. “We do not know what was in the hold... but we know that several smugglers lock people up to maintain control,” he said. On Thursday morning, Greek coastguard spokesman Mr Alexiou said it appeared the vessel capsized after people abruptly moved to one side – shifting the centre of gravity of the 25-30-metre vessel. “The outer deck was full of people, and we presume the interior [of the vessel] would also have been full. It looks as if there was a shift among the people who were crammed on board, and it capsized.” Eight people had been transferred to the central Port Authority of Kalamata for preliminary investigation by late Wednesday, said reports. In Kalamata on Thursday, there were tents set up for the rescued people and provisions for soup kitchens as well. The ship capsized in international waters, about 47 nautical miles (87km) southwest of Pylos off the Peloponnese coast, as it made its way to Italy. The Greek coastguard learned about the boat’s engine failure shortly before 2am, the shipping ministry said. Coastguard vessels, a navy frigate, military transport planes, an air force helicopter and an array of private craft were searching for survivors on Thursday. Reports said search and rescue efforts were hampered by strong winds. “The engine stopped and it sank in minutes,” one of the survivors was quoted as saying. Greek president Katerina Sakellaropoulou visited the area where rescued migrants were being tended to and political parties called off planned campaign events ahead of national elections later this month. The Italy-bound boat is believed to have sailed from eastern Libya’s Tobruk area. It was spotted heading north at high speed, according to the Greek coastguard. Coastguard officers tried to approach the vessel after receiving a request for help, it said at around 2am, then “saw the boat take a right turn, then a sharp left, and then another right so big that it caused the vessel to capsize”. Repeated calls to the vessel offering help were declined, the coastguard said in a statement. “In the afternoon a merchant vessel approached the ship and provided it with food and supplies, while the [passengers] refused any further assistance,” it said. A second merchant ship that approached it later offered further supplies and assistance which were turned down. About 72,000 refugees and migrants have arrived so far this year in Europe’s frontline countries Italy, Spain, Greece, Malta and Cyprus, according to UN data, with the majority landing in Italy. Meanwhile, it was reported that the rescued people who were taken to the hospital in Kalamata were battling hypothermia, fainting incidents and dehydration. “We are witnessing one of the biggest tragedies in the Mediterranean, and the numbers announced by the authorities are devastating,” Gianluca Rocco, head of the Greek section of UN migration agency International Organisation for Migration (IOM), said on Wednesday. “This situation reinforces the urgency for concrete, comprehensive action from states to save lives at sea and reduce perilous journeys by expanding safe and regular pathways to migration.” The IOM has recorded more than 21,000 deaths and disappearances in the central Mediterranean since 2014. Additional reporting by agencies Read More Charities say new Italian rules will limit rescues at sea A look at migration trends behind the latest shipwreck off Greece Greece says it's investigating claim migrants were illegally deported back to Turkey After long waits, new pilgrims prepare for Hajj's return, the first major one since COVID-19 Huge search seeks survivors of migrant boat sinking off Greece; hundreds feared missing After long waits, new pilgrims prepare for return of Hajj, the first major one since COVID-19
2023-06-15 17:16
UK Grid Expects Renewables to Curb Blackout Risk Next Winter
UK Grid Expects Renewables to Curb Blackout Risk Next Winter
National Grid Plc expects a more comfortable winter this year as it steers the country away from risks
2023-06-15 16:54
Uber to cease food delivery in Italy, exit Israel
Uber to cease food delivery in Italy, exit Israel
AMSTERDAM Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where
2023-06-15 16:53
British Customers Are Gaining Confidence, NatWest CEO Rose Says
British Customers Are Gaining Confidence, NatWest CEO Rose Says
NatWest Group Plc Chief Executive Officer Alison Rose said British customers were gaining confidence, helping the bank keep
2023-06-15 16:50
Switzerland’s New Inflation Forecast Backs Another SNB Hike
Switzerland’s New Inflation Forecast Backs Another SNB Hike
Switzerland’s government expects inflation to be above the central bank’s target this year — a forecast which reinforces
2023-06-15 16:49
Odey Asset Management In Talks to Move Its Funds to Other Firms
Odey Asset Management In Talks to Move Its Funds to Other Firms
Odey Asset Management is in the process of finding a new home for its funds after sexual assault
2023-06-15 15:57
European shares inch lower ahead of ECB meet
European shares inch lower ahead of ECB meet
European shares opened lower on Thursday, as the European Central Bank (ECB) was expected to raise borrowing costs
2023-06-15 15:55
Europe Gas Fluctuates as Extended Outages Leave Traders on Edge
Europe Gas Fluctuates as Extended Outages Leave Traders on Edge
European natural gas prices fluctuated as traders weighed prolonged outages across the continent against a mixed outlook for
2023-06-15 15:46
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