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October 22, 2021

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La Palma volcano eruption forces stay-home order for some residents

Reuters
LA PALMA, Spain, Oct 2 (Reuters) – Authorities told several thousand residents of La Palma to stay home because of worsening air quality as the erupting volcano on the Spanish island spewed red-hot lava and thick clouds of black smoke. Emergency services issued a lockdown order on Friday night for......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

H&M’s September sales dented by supply delays after profit tops pre-pandemic level

Reuters
H&M reports Q3 pretax profit of 6.1 bln SEK Sector recovering from slump as restrictions ease Global supply issues meant demand not fully met in September Shares unchanged STOCKHOLM, Sept 30 (Reuters) – Supply disruptions hampered H&M’s (HMb.ST) sales in September, the Swedish retailer said on Thursday, after its June-August......

Drowning girl statue causes a stir in Bilbao

Reuters
BILBAO, Spain, Sept 28 (Reuters) – Staring impassively out from the murky waters of Bilbao’s River Nervion, the eerily lifelike face of a young girl drowning in the tide has been unsettling people in the Spanish city since she appeared unannounced last week. Mexican hyperrealist artist Ruben Orozco created the......

Spain pledges aid to La Palma as erratic eruption keeps island guessing

Reuters
LA PALMA, Spain, Sept 28 (Reuters) – Spain classified La Palma as a disaster zone on Tuesday, a move that will trigger financial support for the island where a volcanic eruption has wrecked buildings and destroyed crops over the past nine days. The government announced a first package of 10.5......

La Palma volcano spews lava again after brief pause

Reuters
LA PALMA, Spain, Sept 27 (Reuters) – The volcano on Spain’s La Palma has begun spewing lava and smoke again, researchers said on Monday after activity had earlier slowed to a near halt, while some coastal villages locked down in anticipation of the lava reaching the sea. The Canary Islands’......

Hamilton takes his 100th F1 win with victory in Russia

Reuters
Sept 26 (Reuters) – Lewis Hamilton became the first Formula One driver to win 100 races with a victory in Russia that sent him back on top of the championship. Red Bull’s Max Verstappen finished second, after starting in last place, to limit the damage with Hamilton now two points......

U.S. tighten grip on Ryder Cup after another day of domination

Reuters
KOHLER, Wisconsin, Sept 25 (Reuters) – The United States tightened their grip on the Ryder Cup with another day of domination at wind-whipped Whistling Straits on Saturday, taking a commanding 11-5 lead over holders Europe, who need to produce an historic comeback if they are to defend their title. Comfortably......

Airport closed as La Palma volcano eruption intensifies

Reuters
The Cumbre Vieja volcano erupted last Sunday Airport closed, people queue for ferries Experts say volcano entering a new explosive phase LA PALMA, Sept 25 (Reuters) – Volcanic explosions spewed red hot lava high into the air on La Palma on Saturday as a new emission vent opened, forcing the......

United States overwhelm Europe to grab control of Ryder Cup

Reuters
KOHLER, Wis., Sept 24 (Reuters) – A red wave washed over the Ryder Cup on Friday as the United States dominated both foursome and fourball sessions to grab a commanding 6-2 lead over holders Europe for their largest opening-day advantage in the biennial event in a nearly half-century. With U.S.......

White House prods companies on chips information request

Reuters
WASHINGTON, Sept 23 (Reuters) – The White House is pressing automakers, chip companies and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to U.S. auto production, but made clear on Thursday that the industry needs to take the lead to......

Soaring gas prices ripple through heavy industry, supply chains

Reuters
LONDON, Sept 22 (Reuters) – Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers. Some......

U.S. to relax travel restrictions for vaccinated foreign air travelers in November

Reuters
WASHINGTON, Sept 20 (Reuters) – The United States will reopen in November to air travelers from 33 countries including China, India, Brazil and most of Europe who are fully vaccinated against COVID-19, the White House said on Monday, easing tough pandemic-related restrictions that started early last year. The decision, announced......

Canaries volcano streams slow down, homes destroyed, thousands flee

Reuters
5,500 people evacuated as lava flows toward coast Some 100 houses destroyed, no fatalities Island still open to tourism, minister says LA PALMA, Spain, Sept 20 (Reuters) – Lava flowing from Spain’s Canary Islands’ first volcanic eruption in 50 years has forced the evacuation of 5,500 people and destroyed around......

Spanish, Italian police arrest 106 in mafia sting operation

Reuters
MADRID, Sept 20 (Reuters) – Spanish and Italian police said on Monday they had arrested 106 people for belonging to a gang that allegedly laundered money for mafia groups and made millions of euros through online scams. Most of the suspected members were Italian nationals and the majority of the......

Marketmind: Watch those spiralling gas prices

Reuters
Fuel prices are displayed at a gas station in Copacabana beach in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo Moraes/Files A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from......

Volcano erupts on Spanish island of La Palma

Reuters
LA PALMA, Spain, Sept 19 (Reuters) – A volcano erupted on the Spanish Canary Island of La Palma on Sunday, the islands’ government said. A huge column of smoke rose up after the eruption at 3.15 p.m. local time (1415 GMT) in the Cumbre Vieja national park in the south......

Greek PM says climate crisis is with us and cost of ignoring it ‘unimaginable’

Reuters
Greek Prime Minister Kyriakos Mitsotakis delivers a statement during the 8th MED7 Mediterranean countries summit, in Athens, Greece, September 17, 2021. REUTERS/Costas Baltas ATHENS, Sept 19 (Reuters) – Mediterranean nations must lead the way in addressing climate change, the Greek prime minister said, warning that the cost of doing nothing......

Britain mulls easing COVID-19 travel rules for England

Reuters
Announcement on easing of rules expected later on Friday Expensive testing could be scrapped for fully vaccinated Destinations may be ranked high or low risk Industry warns over not easing rules Travel shares rise 4-5% LONDON, Sept 17 (Reuters) – The British government will on Friday consider easing England’s COVID-19......

European stocks rise as travel shares jump on Ryanair forecast

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2021. REUTERS/Staff Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Sept 16 (Reuters) – European stocks rose on Thursday as travel......

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