City Reykjavik Financial News

Reykjavik could be heavily damaged by a volcano expected to erupt within hours or days, experts said on Saturday. The town of Grindavik on the southwestern coast was evacuated in the early hours of Saturday after magma shifting under the Earth's crust caused hundreds of earthquakes in what was believed to be a precursor to an eruption. «We are really concerned about all the houses and the infrastructure in the area,» Vidir Reynisson, head of Iceland's Civil Protection and Emergency Management told AFP. The town — around 40 kilometres (25 miles) southwest of Reykjavik — is located near the Svartsengi geothermal plant, the main supplier of electricity and water to 30,000 residents on the Reykjanes peninsula, as well as a freshwater reservoir. Grindavik is also near the Blue Lagoon geothermal spa resort, a popular tourist destination which closed as a precaution earlier this week. «The magma is now at a very shallow depth, so we're expecting an eruption within a couple of hours at the shortest, but at least within a couple of days,» Reynisson said.

Anand Mahindra is all praise for Tara Prasad. Taking to X on Tuesday, the billionaire gushed about the Indian-American figure skater, praising her for her considerable accomplishments. Dropping a video of Tara in her element on the skating rink, the Mahindra Group Chairman praised her for making India proud. “Apparently Tara switched her U.S. citizenship to an Indian one in 2019 and has since been our national skating champ three times. Well done, Tara. I hope you are in the vanguard of athletes who give India a noticeable presence in winter sports. I know you narrowly missed out on a spot in the last Winter Olympics but have your sights set on the games in ‘26. We’ll all be rooting for you. Go chase that dream,” the comment read.

The popular Blue Lagoon geothermal spa, one of Iceland’s biggest tourist attractions in the country’s southwest, has reopened after authorities said a nearby volcano had stabilized after erupting four days earlier

Lava continues to spurt from a volcano in southwestern Iceland but the activity has calmed significantly from when it erupted

Federal Reserve Governor Christopher Waller said on Friday it's possible that a key underlying interest rate that influences the potency of monetary policy may rise in the future after years of declines, but it's too soon to say if that will happen. «There has been a lot of debate during the past year as to whether or not 'R-star' has increased,» Waller said in a speech to the Reykjavik Economic Conference in Iceland.

Met Office had warned for weeks that magma — semi-molten rock — was accumulating under the ground, making an eruption likely. Hundreds of people were evacuated from the Blue Lagoon thermal spa, one of Iceland’s top tourist attractions, when the eruption began, national broadcaster RUV said. No flight disruptions were reported at nearby Keflavik, Iceland’s main airport.

(Reuters) -A volcano erupted in southwest Iceland on Sunday, with molten lava flows reaching the outskirts of a small fishing town by midafternoon, setting some houses alight, although the town was evacuated earlier and no people were in danger, authorities said.

Residents of the small fishing town in Iceland where a volcano erupted this week have been told they can return home

A volcano has erupted in southwestern Iceland with a flash of light into the evening sky in the land known for fire and ice

Scientists have been anticipating the eruption of a volcano in southwestern Iceland for several weeks and in November, authorities evacuated the fishing town of Grindavik as a precaution

Iceland declares state of emergency after 800 tremors in Grindavik Grindavik is also near the Blue Lagoon geothermal spa resort, a popular tourist destination that closed as a precaution earlier this week. The Icelandic Meteorological Office said there was a "considerable" risk of an eruption on or just off the Reykjanes peninsula due to the size of the underground magma intrusion. Watch: Volcanic eruption begins near Iceland's capital "The magma is now at a very shallow depth, so we're expecting an eruption within a couple of hours at the shortest, but at least within a couple of days," an expert told AFP news agency.

COPENHAGEN (Reuters) — Icelandic authorities have completed the evacuation of 3,000 residents of a town in the southwestern part of the country over concerns of a volcanic eruption after a series of earthquakes and evidence of magma spreading underground.

drones starting Tuesday, the first regular postal service by the aerial devices in the UK. Letters and packages will be transported from Royal Mail's Kirkwall delivery office to Stromness, where the drone deliveries will bring them to staff on Graemsay and Hoy for postal workers to carry out their usual delivery routes.

Iceland capital of Reykjavik. It is situated between the Fagradalsfjall and Keilir mountains. Though the Icelandic Meteorological Office said Monday that the eruption is small or minor, the fissure or the mouth of the volcano from where the molten lavas are coming out is about 200 meters, or about 656 feet long. This is not the first time that a volcano has erupted in Iceland, rather, the European nation is prone to volcanic activities and there are 130 volcanoes in the country, many of them still active. President Guðni Th. Jóhannesson has said in a tweet that there is no danger. He said that there is ‘no danger to the infrastructure’ and the ‘civil authorities have closed down a large area’. He also said that the government ‘is monitoring the spectacle from a safe distance.’ The same volcano erupted in 2021 and then again in 2022. This is its third eruption. There are reasons for the unusual seismic behavior. The meteorological office said earlier that it has recorded not less than 7,00 earthquakes between Fagradalsfjall and Keilir since 2021. It also said that there has been a seismic swarm" since July 4 this year. It said that the largest eruption was recorded on July 5. Explaining the reasons, the meteorological office said that the area has witnessed a ‘new dike intrusion.’ The IMO has also said that it recorded ‘increasing levels of tremor’ at Fagradalsfjall in the two days prior to the latest eruption on July 5.

An eruption started in Iceland on Wednesday near the capital Reykjavik, spewing red hot lava and plumes of smoke out of a fissure in Meradalir, an uninhabited valley near Mount Fagradalsfjall where an eruption lasted for six month last year, after several days of intense seismic activity.

A volcano in southwest Iceland began erupting Wednesday, the country’s meteorological authorities said - just eight months after its last eruption officially ended.