List of All Articles with Tag 'europe'

Lending to euro-area businesses fell for the first time in eight years — adding to evidence that steep

At least nine people have died due to extreme weather conditions as a winter storm lashed parts of Russia and Ukraine, knocking out power from hundreds and thousands of households. The severe cold struck war-torn Ukraine at a time when thousands of both Russian and Ukrainian troops were engaged in intense fighting in the eastern towns near the Black Sea almost 22 months into Vladimir Putin's invasion. Kyiv fears Moscow could attack its power grids with air strikes this winter. The "storm of the century" killed at least four people in Russia and occupied Crimea after it struck the southern part of the country over the weekend. Dagestan, Krasnodar and Rostov, as well as the occupied Ukrainian territories of Donetsk, Lugansk, Kherson, Zaporizhzhia and Crimea have been struggling with the violent weather conditions, the authorities said. At least 1.9 million people were affected by power cuts in Russia, according to energy minister Nikolay Shulginov. In Ukraine, at least five people were killed and almost 1,500 towns and villages were left without power after storms dumped up to 10 inches of snow in some places. "Unfortunately, as of now, there are some deaths. The highest number is in the Odesa region - five people," Ukrainian president Volodymyr Zelensky said in his nightly video address. Schools were ordered to shut, while traffic was halted on 10 highways. Southern Odesa, the Mykolaiv regions, and central Kyiv were the worst affected places, with initial power cuts reported in 40,000 homes in the capital region. Ukraine is likely to be hit with more snow and rain on Tuesday, according to forecasters. Nearly 2,500 people were rescued following a snowstorm in Odesa, local governor Oleh Kiper said. About 849 vehicles have been towed out, including 24 buses and 17 ambulances, he announced on Telegram, adding that all those trapped by the snow since the start of the snowstorm had now been rescued. On Monday evening, the boiler facility in Odesa, where a 100-metre pipe broke and fell on Sunday, resumed operations. Huge waves crashed over beachside areas of the Black Sea coast, killing one person. One man, who "went out to look at the waves" died in the Russian-annexed Crimean peninsula, said Oleg Kryuchkov, an adviser to the region's Russian-installed governor. Vladimir Konstantinov, a Crimean lawmaker, said the peninsula had experienced an "armageddon"-like scenario. "Old-timers can't remember this kind of wind and waves," he added. In the resort cities of Sochi and Anapa, one person died and several people were injured when hundreds of trees were blown down. In neighbouring Moldova, four people were reported dead during the cold snap that hit the region over the weekend. Two dead bodies were recovered from inside a car buried in a snowdrift in the southeastern area of Coscalia and another outside the capital. Ukraine's border service said that two border crossings in the Odesa region to Moldova reopened after a temporary suspension on Sunday, but traffic conditions remained difficult. Read More Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January Germany is having a budget crisis. With the economy struggling, it's not the best time Russia-Ukraine war live: Putin resorts to ‘energy terrorism’ as snow hits Odesa Chechen warlord Kadyrov offers Putin 3,000 more fighters amid heavy Russian losses Russian forces encircle Avdiivka and ‘ready to storm city’ ICC prosecutors halt 13-year Kenya investigation that failed to produce any convictions

German Chancellor Olaf Scholz promised that his government will forge ahead with investments needed to modernize the economy

UK inflation is becoming more “home-grown” and will be “challenging to squeeze out of the system,” according to

Almost 100 earthquakes shook Iceland from midnight today, as the country remains apprehensive about an imminent eruption. The strongest earthquake with a magnitude of 3.35 hit Vatnafjoll in South Iceland this morning at 5.56am, report the Icelandic Met Office. Yesterday night a seismic swarm started around the dike intrusion just north of the evacuated town of Grindavik. The Icelandic Met Office continues to warn of the “persistent likelihood of an imminent eruption”. In its latest update, the forecaster said there were around 100 earthquakes on Monday, with a “swarm” near the town which lasted just over an hour before midnight. A fortnight ago, Grindavik was evacuated after magma-induced seismic activity tore vast chasms through the streets of the town. While hundreds of earthquakes are still hitting the surrounding area daily, “seismic activity continues to decrease”, said the Icelandic Met Office, adding: “The likelihood of an imminent volcanic eruption diminishes with time.” However, one civil protection official told theThe Independent “It is still dangerous here ... I have never seen anything like it before. Usually we will have a few minutes warning to get out, but with the weather like it is today, we have even less.” Read More What to do with Grindavík: Has Iceland’s #1 selfie spot just emerged out of the ground? Is it safe to travel to Iceland? Your rights if you have a holiday booked Every resident of an Icelandic town was evacuated due to a volcano. Daring rescuers went back to save the pets

Bayer AG hired several teams of bankers for a strategy simulation game that studied various breakup scenarios, according

Norway’s $1.5 trillion wealth fund recommended that private equity be added to its investment portfolio, reflecting a broader

Sweden’s heavily indebted commercial real estate owners remain vulnerable to rising borrowing costs, and may need to reduce

Novartis AG raised its mid-term sales growth forecast as the Swiss drugmaker narrows its focus on innovative medicines

An $80 billion South African investment plan to begin transitioning the economy away from fossil fuels over five

Chechen leader Ramzan Kadyrov said another 3,000 of his men were ready to join Russia's invasion of Ukraine amid reports of heavy losses for Vladimir Putin's troops in their push to capture an eastern city. Mr Kadyrov, a self-proclaimed "foot soldier" of the Russian president, said his fighters were ready to form new units of the Russian defence ministry and the Russian National Guard forces. His statement comes amid reports of Russian troops suffering “some of the highest” casualties of the conflict so far amid intense fighting in eastern Ukraine. The UK’s Ministry of Defence (MoD) on Monday said Russia was losing an average of 931 men a day this month, largely in the fight for the town of Avdiivka. Until now the heaviest casualties suffered in a month by Russia – according to Ukrainian data – was March this year, with an average of 776 losses per day during the push to capture Bakhmut. "They (the Chechen fighters) have the best equipment and modern weapons," Mr Kadyrov claimed on Telegram. "In addition, the guys are highly combative and very motivated to achieve results," he added. Mr Kadyrov had earlier sent 26,000 fighters to the battlefield since the beginning of Russia's war in Ukraine last year. According to reports, 12,000 were volunteers at that time and 7,000 of them were actively fighting. These claims about Chechen deployments to Ukraine could not be independently verified, and Reuters reported that several Chechen armed formations have fought on the side of Kyiv against Russia since Mr Putin launched his invasion in February last year. Mr Kadyrov also claimed last year to have sent his three teenage sons to fight in Ukraine, saying he wanted them to "show themselves in a real battle". "Soon they will go to the front line and will be on the most difficult sections of the line of contact," he had said in a Telegram post in 2022. Mr Kadyrov enjoys wide leeway from Mr Putin to run Chechnya ruthlessly as his personal fiefdom, but he angered pro-Kremlin hardliners in September by praising his 15-year-old son for beating up an ethnic Russian prisoner in Chechen custody. Mr Kadyrov met the Russian president in September amid speculations over his health, with rumours swirling that he was either dead or in a coma. He later clarified that he was fine and was travelling to a hospital in Moscow to visit a "sick uncle". Earlier this month Mr Kadyrov said that a large group of Russia's former Wagner mercenaries, who had played a prominent role in some of the fiercest fighting in Ukraine before their group fell into disarray after a brief mutiny against the Russian defence establishment, had also started training with special forces from Chechnya. Mr Kadyrov, 47, has mused publicly about handing over power at some point and appears to be actively working to raise the profile of his three teenage sons, the eldest of whom was photographed with Mr Putin in the Kremlin in March.

Londoners have more freedom to work from home than employees in Paris, according to a survey by Bloomberg