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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 23, 2025

    Featured image for article about Headlines

    ATHENS (Reuters) -Greece on Monday declared a state of emergency on Chios island, where hundreds of firefighters have been battling wildfires for a second day as winds further whipped up the blaze, causing power cuts and the evacuation of residents.

    "The situation since yesterday on the island is quite difficult because we constantly have new fronts and resurgences and the climatic conditions are not favorable," Yiannis Kefalogiannis, the climate crisis and civil protection minister, said upon his arrival in Chios.

    He confirmed that 170 more firefighters will reinforce 11 teams of about 190 firefighters deployed on the island in the northeastern Aegean Sea, who were trying to prevent the conflagration from spreading to homes and areas known for producing mastiha, a natural resin harvested from mastic trees.

    Thirty more vehicles will reinforce 38 vehicles already deployed, assisted by 13 helicopters and four water bomber aircraft, Kefalogiannis said.

    Wind gusts complicated efforts to extinguish the wildfires, which have razed forest and pasture land as they barrel towards the north, west and south of Chios town, the island's capital, causing power cuts and forcing hundreds of villagers to flee to safety.

    Kefalogiannis said the authorities will investigate the causes of the fires which broke out at different geographical parts of the island.

    Sitting at Europe's hot southernmost tip, Greece has felt the economic and environmental impact of frequent wildfires in recent years that scientists say have been exacerbated by a fast-changing climate.

    The country has spent hundreds of millions of euros to compensate households and farmers for damage related to extreme weather and to update firefighting equipment. 

    It has hired a record number of firefighters this year, some 18,000 of them, in anticipation of a challenging fire season.

    (Reporting by Angeliki Koutantou and Daria Sito-Sucic;Editing by Bernadette Baum and Aurora Ellis)

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