List of All Articles with Tag 'world'

The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that

As summer heat waves grow more frequent and extreme because of climate change, so do the risks to

A raging wildfire that has torn through Tenerife was started deliberately, officials have now confirmed. More than 12,000 people have been evacuated from their homes as the devastating blaze obliterated about 13,400 hectares (33,000 acres) of pine forest and scrubland. Locals have been fleeing in horror against of background of towering flames and smoke as the fire spread after it was first sparked last Tuesday. Fernando Clavijo, regional president of Canary Islands, said police suspected arson and have opened three lines of investigation. It has not been revealed if any arrests were made. The fire began in the Arafo mountains around the Mount Teide volcano - Spain’s highest peak- expanding to a raging perimeter of 84 kilometers as it ravaged the north of the island over the last six days. The municipalities of Arafo, Candelaria, El Rosario, La Orotava, Santa Úrsula, La Victoria, El Sauzal and Tacoronte have been the most severely impacted. But today, Mr Clavijo told Spain’s Cadena SER radio “the worst is over,” adding that the hundreds of firefighters deployed had made some progress for the second night in a row. “Today, we will keep on working, consolidating perimeters. We cannot talk about control yet, we’ll see if we can stabilise all the fronts,” he added. Acting Prime Minister Pedro Sánchez said the fire area would be declared a catastrophe zone, entitling the island to funds to help with reforestation and compensation for people affected. Below is a map of the areas impacted by the wildfire: Authorities on Sunday allowed some of the 12,000 people evacuated from the villages of Arafo and Candelaria to return to their homes and the remaining evacuees could receive more good news on Monday, Clavijo said. However, emergency services recommended residents in the area around the fire, which includes the capital Santa Cruz de Tenerife, to close windows and to stay indoors. It recommended wearing face masks if they need to go outside, as the air quality was “very unfavourable” due to smoke. Popular tourist areas on Tenerife, part of the Canaries archipelago in the Atlantic Ocean, have so far been unaffected and its two airports have been operating normally. Tenerife is the largest of the Canary Islands, off the northwest coast of Africa. The island’s tourism office stressed in a statement Thursday afternoon that the main tourist areas and cities of the island were away from the fire. Read More Major wildfires burn in Greece, Spain's Canary Island of Tenerife Mapped: Where are the wildfires in Tenerife as blaze forces thousands to flee Best winter holiday destinations: where to travel for snow, sun or skiing Tenerife wildfires mapped as blaze forces thousands to flee Thousands more evacuated as Tenerife fire rages on Spain's Canary Islands Firefighters battle to stop Tenerife’s worst wildfires in decades

South African coal exporter Thungela Resources Ltd. saw profits plunge by 69% in the first half of the

Turkish lenders are complaining that tough targets imposed by authorities to curb a tool designed to support the

UK Foreign Secretary James Cleverly is set to visit China in the last week of August for talks

The yield on 10-year inflation-protected Treasuries exceeded 2% for the first time since 2009, extending its ascent from

Steinhoff International Holdings NV’s former European finance chief, Dirk Schreiber, was handed a 3 1/2 year jail sentence

Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach

The asset management unit of JPMorgan Chase & Co. is breaking away from a number of its peers

Blackstone Inc. wrapped up a record $5.2 billion fund for deals that defy easy categorization and aren’t constrained

Eisai Co.’s breakthrough Alzheimer’s disease drug is poised to gain the backing of Japanese regulators after the medicine