Britain’s £260 Billion Trust Industry Is in Rapid Decline
In 1868, a British lawyer set up the first investment trust to pool together small sums of money
2023-11-13 20:21
Airbus Confirms ‘Significant’ Deal With Turkish: Dubai Latest
The 2023 Dubai Air Show kicked off on Monday with high expectations of large deals, continuing the prevailing
2023-11-13 17:58
UK’s Sunak Fires Home Secretary Braverman, Official Says
Prime Minister Rishi Sunak has fired Home Secretary Suella Braverman, according to an official familiar with the matter,
2023-11-13 17:52
Euro-Zone Inflation May Temporarily Rebound, ECB’s Guindos Says
European Central Bank Vice President Luis de Guindos warned that consumer-price growth may pick up again temporarily, though
2023-11-13 17:27
Turkey’s Rare Surplus in Current Account Exceeded Every Forecast
Turkey recorded a surplus in its current account for only the second time since late 2021, as a
2023-11-13 16:29
Euro-Zone Inflation Seen Slowing More Quickly in Latest Survey
Euro-area inflation will sink below the 2% target in early 2025 — sooner than the European Central Bank
2023-11-13 13:26
Moody’s Tail Risk Has Italy on Edge Before Critical Rating Call
A possible downgrade of Italy to junk this week would be hugely symbolic, potentially consequential — and very
2023-11-13 13:19
Pricey Potatoes Hurt Cherished South African Lunch Culture
In Johannesburg’s buzzy student enclave of Braamfontein, the rising price of potatoes is undermining its communal eating culture
2023-11-13 13:15
Grindavik couple fear losing their home after evacuating: ‘It’s a pretty grim situation’
A man who evacuated from a town in Iceland after earthquakes put the region on alert for a volcanic eruption said he fears he might never see his home again. Caitlin McLean, from Scotland, was visiting her boyfriend, Gisli Gunnarsson, in Grindavik when they were forced to flee his home at midnight on Friday, packing only a few essential items, to stay with Mr Gunnarsson’s mother in Reykjavik. Police evacuated Grindavik after seismic activity in the area moved south towards the town, with a corridor of magma, or semi-molten rock, now thought to be extending under the community, Iceland’s Meteorological Office said. Ms McLean, 34, captured the moment the furniture and light fixtures shook violently in Mr Gunnarsson’s home on Friday. “At around four on Friday, (the earthquakes) just started being non-stop. Just constant big quakes for hours,” Mr Gunnarsson, 29, told the PA news agency The music composer, who was born and raised in Grindavik, described the situation as “grim”. He said: “First and foremost, the thought that you might never see your home town ever again, that’s tough. “We all rushed out of (Grindavik) so quickly, in a matter of hours, so we didn’t really think at the time that might possibly be the last time we see our home, so that’s been difficult. “It’s a pretty grim situation at the moment.” Ms McLean, an artist, added that the situation has been “difficult” for people to understand. She told PA: “I think it’s difficult for the residents to really process that. “I think everyone’s still a wee bit shocked and it’s not really sinking in there is a possibility they’re not going to be able to go home.” It's a pretty grim situation at the moment Gisli Gunnarsson, resident of Grindavik Ms McLean has urged volcano enthusiasts to avoid the area and “be respectful” to people whose homes have been affected. She said: “I would definitely say there’s been quite a lot of people wanting to fly over (to Iceland), like people that are interested in volcanoes and lava. “They’re trying to keep tourists away because there’s been people already trying to fly drones over the town. “I understand for a lot of people this is a big spectacle, but these people are losing their homes potentially, so just to be respectful.” Mr Gunnarsson said the earthquakes on Friday were the worst he has experienced. “Not even the search and rescue are really going (to the town) at the moment. “The uncertainty is too high and it’s ready to pop at any moment, the eruption,” he said. The Blue Lagoon geothermal spa, one of Iceland’s biggest tourist attractions, said on Thursday it would close until November 16 due to the risk of an eruption.
2023-11-13 11:17
One Dose of Lilly’s Novel Heart Drug Cut Risk Factors for a Year
A single dose of an experimental drug from Eli Lilly & Co. cut by 94% a risk factor
2023-11-13 09:15
Goldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut Forecasts
Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as
2023-11-13 08:59
UK Landlord Selloff Slows, Defying Highest Rates in 15 Years
Britain’s buy-to-let property deals are slumping as cautious buyers retreat and landlords endure the highest interest rates in
2023-11-13 08:55