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Asian shares have retreated after Wall Street added a bit more to its big rally from a day before

A volcanic eruption could destroy the Icelandic town of Grindavik or lead to extensive ash clouds, experts have warned. The country has been shaken by more than 800 small earthquakes, prompting fears that the tremors could disrupt the Fagradalsfjall volcano on the Reykjanes peninsula in the southwest of the country. Almost 4,000 people were evacuated from Grindavik over the weekend as authorities feared that molten rock would rise to the surface of the earth and potentially hit the coastal town and a geothermal power station. Ragga Agustsdottir, who lives close to Grindavik, said residents were fearful of what could happen if an eruption struck. “The scenario on the table now is that it will happen in or just north of the town of Grindavik. There’s no good option here,” she told The Independent. It comes as scientists warned Iceland’s south-western peninsula could face “decades” of volcanic instability following volcanic eruptions along the peninsula. “We expect to see volcanic eruptions along the peninsula, not just repeatedly in the same location. This instability could last decades,” the Icelandic Met Office’s Matthew Roberts told the BBC. Read More Iceland earthquakes: Are flights still running amid fears of volcano eruption? Is it safe to travel to Iceland? Your rights if you have a holiday booked Iceland earthquakes: Huge cracks appear on roads in volcano-threatened town Could an Icelandic volcano ground flights like in 2010?

The Swedish pension fund embroiled in the collapse of Silicon Valley Bank this spring has been reported to

South Korea is considering several options to penalize illegal short sellers, including banning them from stock trading for

Entire generations of Palestinian families in the besieged Gaza Strip have been killed in airstrikes in the ongoing Hamas-Israel war

Pakistan met targets set by the International Monetary Fund for the next payout under a $3 billion bailout

Siemens AG expects a slowdown in revenue growth for fiscal 2024 with demand for factory automation products in

Rescuers are using an American-made drilling machine to reach 40 workers trapped in a tunnel for four days.

Chinese President Xi Jinping is signaling that China will send new pandas to the United States

A top candidate for president in Taiwan says he still strongly dislikes the party he’s teaming up with,

Terry R

Asian shares halted a three-day rally, while the dollar strengthened amid concern this week’s gains on weak US