Echoes of Bitcoin’s 2021 Record Run Emerge in the Derivatives Market
A burst of activity in Bitcoin derivatives has evoked memories of the period in late 2021 when the
2023-11-17 16:20
UK Bankers Pay Thousands More in Taxes as Fiscal Drag Takes Hold
UK bankers paid thousands more in taxes last year, a development that drew warnings that the City of
2023-11-17 15:49
Cricket World Cup Winners and Losers: Beyond the Games Week 6
The Cricket World Cup is drawing to a close, with the final match to be played on Sunday
2023-11-17 15:46
Thailand to Miss Growth Targets Without Stimulus, PM’s Aide Says
Thailand risks missing its growth targets without the injection of a large dose of cash into the economy,
2023-11-17 14:57
India Financial Stocks Slump on RBI’s ‘Draconian’ Loan Rules
India’s lenders and shadow banks tumbled after the central bank announced stricter rules to stem the relentless rise
2023-11-17 14:56
US Removal of Chinese Lab From Entity List Marks Rare Reversal
The Biden administration’s decision to remove a Chinese organization from a sanctions list as part of a deal
2023-11-17 14:23
Sasol Picks Simon Baloyi to Take Over as CEO Starting in April
Sasol Ltd. said energy operations and technology executive Simon Baloyi will take over as chief executive officer of
2023-11-17 14:00
Biden to Lift Curbs on Chinese Forensic Lab in Fentanyl Deal
The US will lift restrictions on a Chinese agency accused of human-rights violations in exchange for Beijing’s planned
2023-11-17 13:53
Russia-Ukraine war live: Poll reveals Russian views on Putin as Black Sea fleet ‘forced to retreat’
A majority of Russians still support Vladimir Putin’s war in Ukraine, according to a poll from Russia. Some 76 per cent of respondents said they backed the invasion, while 21 per cent thought it was going poorly. Meanwhile, one in five said they thought the country was on the “wrong path”. Some 45 per cent of those believe Russia was on the wrong path cited “war” and “people are dying”. Earlier, president Volodymyr Zelensky claimed Ukraine has forced Russia’s naval fleet to pull back in the eastern part of the Black Sea, president Volodymyr Zelensky claimed. “For the first time in the world, it was in the Black Sea that a fleet of naval drones began to operate – a Ukrainian fleet,” Zelensky wrote on Telegram. “I would also like to note that now – as one of the main results of our actions – Russia is unable to use the Black Sea as a springboard to destabilise other regions of the world.” It comes as former prime minister David Cameron assured Volodymyr Zelensky the UK would continue to provide “moral, diplomatic, economic and military support” to Ukraine in his first trip to the country as foreign secretary. Read More David Cameron meets Zelensky in Ukraine in first visit as foreign secretary – and praises Boris Johnson In Russia, more Kremlin critics are being imprisoned as intolerance of dissent grows Russian court convicts a woman for protesting the war in Ukraine in latest crackdown on free speech Bombs, betrayal and burying loved ones: Plight of one Ukraine village illustrates toll of Russia’s invasion
2023-11-17 13:29
Untapped Tech Adoption Could Boost EU Economy by €628 Billion
The European Union could reap €628 billion ($681 billion) a year by bringing digitally lagging businesses up to
2023-11-17 13:27
Bain Capital Raises $7.1 Billion for New Asia Fund Amid Gloom
Bain Capital LP raised $7.1 billion for its new buyout fund dedicated to Asia-Pacific, people familiar with the
2023-11-17 13:22
‘It’s like a dystopian movie’: Iceland residents describe ‘apocalyptic’ scenes as they flee volcano threat
Residents from a small Icelandic town under threat from volcanic eruption have described ‘apocalyptic’ existence as they fear for their future. Last Friday, thousands of Grindavik residents were ordered to leave as the town was rocked by hundreds of earthquakes. The small fishing town is 34 miles from Reykjavík and is home to the famous tourist attraction the Blue Lagoon. Many have been unable to return to the ‘danger zone’ to collect their belongings, as earthquakes continue to strike the town. Grindavik resident Andrea Ævarsdóttir, 46, told The Independent: “Everything just seems so unreal, I feel like I’m in a dystopian movie. I’m just waiting to wake up from this nightmare.” The mother was getting ready to go into Reykjavík to celebrate her son Björgvin Hrafnar’s 16th birthday when their house started to shake on Friday. “Some of them [the earthquakes] were like a big truck had driven past your house, the bigger ones were like the same truck had hit your house,” she said. “Everything was shaking so bad, the floors were going up and down.” The family planned on staying overnight at her mother’s home, but they were alerted en route that they were going to be evacuated so only had their overnight bags and had left their cats behind. Ms Ævarsdóttir made the difficult call to return home to get her cats and medication but was stopped at a checkpoint on the main road Grindavikurvegur. Fortunately, the mother was granted special permission to return to collect her tablets and three pets before heading back. Like other Grindavik residents, Ms Ævarsdóttir was allowed to return home on Monday to collect her belongings but had to obey a 10-minute time limit. She is now living with her 16 and 14-year-old sons in her mother’s cramped two-bedroom apartment. Describing the surreality and sadness of leaving her home, she said: “I was crying non-stop when we got to Grindavik, we were allowed to drive into town. “We had ten minutes, you don’t have the mental capacity to think, I was in panic mode, I just grabbed what I could see. “I grabbed all of the clothes I could think of but I left one of the packed suitcases behind.” The children do not yet have to return to school as they recover from the shock, but it remains unclear where they will go, explained the mother. The distraught mother works as the director of a local and public school library and explained the families ‘entire existence is in Grindavik’. Her home of eight and a half years is still standing but some have fallen to the ground due to the strong quakes. “It was really hard to see the state of some of the houses and streets. My house seemed fine but this area is really unstable.” Now the mother has to decide whether she wants to eventually move back to the town, if it isn’t destroyed by the volcanic eruption. She says residents have accustomed to living with earthquakes, but living on an active volcano fissure is a different story. “I love living in Grindavik, it’s a really nice close-knit town but now comes the fear if we get to move back, do we want to move back?” she said. “This area is really unstable. Do we want to experience evacuation again?” Siggeir Ævarsson, 38, is another Grindavik resident who does not know if he will be able to return to his family home. The teacher had planned to meet his brother and sister-in-law but after the earthquakes stuck on Friday his brother-in-law urged them to come sooner. “I’ve seen a lot Earthquakes but this is something I’ve never felt before. “The sources were 2km away from our house. Things were falling down from shelves, I was standing in the kitchen I thought, can I even put pans on the stove.” Alongside his wife and youngest daughter,Þorgeir Úlfar,14, they grabbed their two cats and left. The 38-year-old says he and his wife, Soffía Sveinsdóttir, 39, have been fortunate as his sister-in-law has a spacious house with spare rooms. Mr Ævarsson was allowed to return on Sunday and was able to fill two cars with their items. “It was like going into an apocalyptic movie. The town was empty and lifeless. There were cracks everywhere. “It was very weird to walk into the house, it looked exactly the same the lights were still on. “Other houses are cracking in two, my house was fine, but a few metres up the road they are ruined.” As a born-and-bred Grindavikian, the father–of-two is trying to remain positive and “not think about lava flowing through his home”. “I’m trying to think of this as extension of a holiday, I’m watching movies, drinking beer.” Read More Iceland residents describe ‘apocalyptic’ scenes as they flee volcano threat Iceland eruption likely scientists warn as ‘biggest bulldozer’ deployed - live Biggest volcanic eruptions in the last 10 years as Iceland town faces devastation Is it safe to travel to Iceland? Your rights if you have a holiday booked Huge cracks appear on roads in Iceland’s volcano-threatened town Iceland earthquake: Town could be obliterated if volcanic eruption strikes
2023-11-17 13:18