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By Saeed Azhar, Isla Binnie and Tatiana Bautzer NEW YORK Citigroup employees expect the bank to announce layoffs

The UK is likely to sell fewer bonds than initially planned this fiscal year after higher tax revenues

Moody’s Investors Service said it revised up the credit ratings firm’s outlook on SoftBank Group Corp. to stable

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Taiwan’s presidential frontrunner says he’ll name the island’s former envoy to the US as his running mate, a

Astral Foods Ltd. reported the first loss in its 23-year history as power outages and the worst outbreak

By Bhanvi Satija and Savyata Mishra Weight loss was the talk of this earnings season, making names such

South Korea’s esports powerhouse T1 has won the League of Legends World Championship by defeating China-based Weibo Gaming

Russians in Ukraine say they can't work, use services or get bank accounts due to their nationality.

By Yew Lun Tian and Laurie Chen BEIJING (Reuters) -Arab and Muslim ministers called on Monday for an immediate ceasefire

Experts have revealed the likely eruption site of a volcano in Iceland, as authorities warn evacuees they may not return home for months. Iceland has seen more than 1,700 earthquakes in the last 24 hours, according to the country’s Met Office, with most of the activity north of Hagafell. The forecaster said magmatic gas has been detected at a borehole in Svartsengi, signalling an imminent eruption of the Fagradalsfjall volcano over the coming days. “Hagafell is thought to be a prime location for an eruption,” the forecaster said. The likely eruption site is near the town of Grindavik, which was evacuated last Saturday due to a string of earthquakes shaking residents and their homes. The fishing town has been the most affected area in Iceland, as the magma tunnel snakes beneath the ground leaving huge cracks in roads. While the eruption is most likely to happen in Hagafell, there is a possibility that it could happen anywhere along the magma tunnel. Although seismic activity has decreased, magma is still moving 3-4cm each day and ground deformation is continuing according to GPS data and satellite imagery. The head of the volcanic activity department at the Icelandic Met Office said the situation has not developed much in recent days. Kristín Jónsdóttir noted that while the magma intrusion is still deepening and widening, it is doing so at a slower rate. She said that a decrease in seismic activity indicates that magma has reached very high up in the earth’s crust and does not now need much for it to reach the surface. At a Civil Defence briefing on Saturday, director Víðir Reynisson said there is significant damage to houses and pipes in the area. He said: “This plus uncertainty about earthquakes means that residents have to prepare to live elsewhere in the coming months.” Locals have been permitted to briefly enter their homes for five minutes this week to collect their valuables and pets but need prior authorisation. Mayor of Grindavik Fannar Jónasson said that it will take “days and weeks” to resolve housing issues as a result of the evacuations. He said 1,200 families from the town need more permanent shelter. “I think the nation has done very well, considering the response and the aid we have received,” he said. “A lot has happened in this one week. I know that there is a lot of impatience and a call from the residents to go faster, but everyone is doing their best and it will take days and weeks to resolve issues.” Grindavik, a town of 3,400, sits on the Reykjanes Peninsula, about 50 kilometers (31 miles) southwest of the capital, Reykjavik and not far from Keflavik Airport, Iceland’s main facility for international flights. The nearby Blue Lagoon geothermal resort, one of Iceland’s top tourist attractions, has been shut at least until the end of November because of the volcano danger. A volcanic system on the Reykjanes Peninsula has erupted three times since 2021, after being dormant for 800 years. Previous eruptions occurred in remote valleys without causing damage. Scientists say a new eruption would likely produce lava but not an ash cloud. Read More Iceland officials reveal where volcano will likely erupt Torrential rain warnings issued for weekend as Met Office gives update on snow More rain for southern England and south Wales following Storm Debi Storms batter southern England as flooding causes travel disruption Thunderstorm warning in effect as downpours continue in parts of UK Storm Debi: London weather warning extended as Met Office warns of lightning damage

MELBOURNE Around 400 train drivers for BHP's Western Australian iron ore division will begin industrial action late this