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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 25, 2025

    Featured image for article about Headlines

    ATHENS (Reuters) -Greece has arrested a Georgian woman suspected of discarding a cigarette that helped trigger one of several wildfires razing land and threatening homes on the island of Chios.

    Blazes broke out on Chios in the Aegean Sea on Sunday and tore through 10,000 acres of mainly bush and pasture land in three days, Greece's climate crisis and civil protection ministry said on Wednesday.

    The fire brigade said in a statement that the woman was arrested on Tuesday night and that authorities were still investigating the cause of the fires.

    The Georgian was charged with unintentional arson, two fire brigade officials told Reuters on condition anonymity. Witnesses saw her drop a cigarette, one of the officials said.

    Though the wildfires were largely contained by Wednesday, hundreds of firefighters remained on Chios to prevent rekindling and bring all fronts under control, the Greek fire brigade said.

    At Europe's southernmost tip, Greece is often hit by wildfires during its hot and dry summers, but authorities say the fast-changing climate is fuelling more destructive blazes.

    The Greek government has paid hundreds of millions of euros in damages related to extreme weather to households and farmers and to update firefighting equipment.

    It has upped firefighter numbers to a record 18,000 this year in anticipation of a challenging fire season. They will be assisted by 294 firefighters from five European countries from July 1 to Sept. 15.

    (Reporting by Yannis Souliotis and Renee Maltezou; Writing by Angeliki Koutantou; Editing by Andrew Cawthorne)

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