Greece Financial News

By Gloria Dickie

Hundreds of firefighters backed by European Union reinforcements were struggling to contain the flames on the islands of Rhodes, Corfu and Evia, in addition to a new front that erupted Wednesday in central Greece. Early Thursday, another fire broke out near homes in the leafy Athens suburb of Kifissia but was swiftly extinguished. Officials have said more than 600 wildfires have broken out around the country since July 13.

Major fires raging in Greece and other European countries have advanced

The world’s most populous nation is more poorly endowed with farmland per capita than Greece or Algeria. That is going to make life harder as a fast warming planet destabilizes the cycles of rain and sunshine that have kept the Indian subcontinent fed for millennia. India recently suspended exports of non-Basmati varieties of rice after heavy monsoon rainfall damaged crops that were due to be harvested in winter.

A third successive heat wave in Greece pushed temperatures back above 40 degrees Celsius (104 degrees Fahrenheit) across parts of the country following more nighttime evacuations from fires that have raged out of control for days

This led to the concept of the Fire Weather Index. It predicts the areas which are susceptible to wildfires by using the weather data. It adds the rate of fire spread with the fuel being consumed. By going through the Fire Weather Index, one can predict the susceptible areas of fire. The higher you are, the more prone to wildries you are. The Fire Weather Index has six levels of danger- the very low is less than 5.2 on the scale. Low danger between 5.2 and 11.2. Between 11.2 and 21.3 you have moderate danger. The high danger lies in the range of 21.3 and 38. Between 38 and 50 you have very high danger and extreme danger in beyond 50. You can understand the possibility of wildfire by keeping an eye on this index. Italy, Greece, Turkey, and Spain are the most prone to wildfires at present. Many places in Turkey are in the area of extreme danger. Most of the Greek islands are at high to very high risk. Spain, parts of southern Italy, and Sicily have a Fire Weather Index score of 38.Copernicus, a part of the European Space program runs the FWI. It uses the data collected from satellites as well as measured from the Earth.

Netflix has unveiled a preview of its upcoming Original movies for the latter half of 2023. While movies like The Old Guard 2 and Carry-On are still unconfirmed, Damsel featuring Millie Bobby Brown has been postponed to 2024. Similarly, A Family Affair, Spaceman, Players, and Shirley have been removed from the 2023 lineup. Additionally, Lift, initially set for August 2023, will now arrive on Netflix on January 12, 2024.

A large wildfire burning on the Greek island of Rhodes for a fifth day has forced authorities to order an evacuation of four locations including two seaside resorts

Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future. 

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

A large wildfire burning on the Greek island of Rhodes for a fifth day has forced authorities to order an evacuation of four locations including two seaside resorts

Greece on Saturday faced its hottest July weekend in 50 years, with temperatures forecast to soar above 40 Celsius (104 Fahrenheit), while a record-breaking heat wave stretching across the southern United States was expected to expand in the coming days. Over the past 24 hours, 162 fires have been reported across Greece amid high winds and extreme heat. The Greek Coast Guard, which led efforts to rescue tourists and locals from Rhodes, also helped evacuate 59 people from a beach in northern Corfu last night as another blaze threatened.

ATHENS (Reuters) — Following are some facts about the Greek island of Rhodes, facing wildfires that caused thousands of residents and tourists to evacuate this weekend.

AFP. A spokesman for the firefighters earlier told AFP that one person had been injured and one was unconscious after the collapse in Patras, in the Proastio area on the road to Athens.

Tourists have been forced to evacuate as wildfires burn through forests on the Greek island of Rhodes. Officials have so far rescued some 19,000 people as wildfires continued to burn for a sixth day on three fronts. Several travel agencies and airlines have halted passenger flights even as thousands of tourists and residents were forced to shelter in schools and indoor stadiums over the weekend.

Astra Air’ to air missile on the combat aircraft. The move, if implemented could prove to be a big step for the ‘Make in India’ initiative, wherein indigenously made weapons would be integrated into the globally popular fighter jet.  The French made Rafale Fighter jets are used by many countries including India, France, Egypt, Qatar and many others along with Greece, Croatia, UAE and Indonesia, have placed orders for these planes.

This year’s tourism season has been extra hot, with temperatures in the northern hemisphere reaching record-breaking levels that are set to keep intensifying.

By Fedja Grulovic

ATHENS (Reuters) — A wildfire raged uncontrolled on the Greek island of Rhodes on Saturday, forcing hundreds of people to flee affected villages and beaches, authorities said.

Spain’s Carlos Alcaraz celebrated beating Serbia’s Novak Djokovic in the Wimbledon men’s singles final as Czech Republic’s Marketa Vondrousova triumphed in the women’s final.

Oppenheimer is brought to life by Irish actor Cillian Murphy. The film, directed by Christopher Nolan, follows his signature style with impressive visuals, sound design, and an estimated production budget of $100 million, including «gold standard» IMAX filming. Oppenheimer is well-known as a top physicist and leader of the Manhattan Project, which developed the atomic bomb during World War II. He is often called the «father» of the atomic bomb due to his significant role in its creation and deployment by the United States. Whether you decide to watch Nolan's latest film or not, let's take a look at the elusive subject it portrays: J. Robert Oppenheimer. Discover why he's important, often misunderstood, and why his story matters.