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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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    Editorial & Advertiser disclosure

    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.

    Top Stories

    Posted By Uma Rajagopal

    Posted on February 8, 2024

    Featured image for article about Top Stories

    Iceland volcano erupts again, molten rocks spew from fissures

    OSLO (Reuters) -A volcano erupted on Thursday in southwest Iceland for the second time this year, the country’s meteorological office said, making it the sixth outbreak on the Reykjanes peninsula since 2021.

    Live video from the area showed fountains of bright-orange molten rock spewing from fissures in the ground.

    “Warning: A volcanic eruption started north of Sylingarfell,” the Met Office said on its website.

    The nearby geothermal spa Blue Lagoon had closed on Thursday, it said.

    The previous eruption started on Jan. 14 and lasted roughly two days, with lava flows reaching the outskirts of the Grindavik fishing town, whose nearly 4,000 inhabitants had been evacuated, setting some houses alight.

    The Sylingarfell mountain is located a distance north of Grindavik, but it was not immediately clear if Thursday’s outbreak would affect the village.

    Icelandic authorities in November started building dykes that can help divert burning lava flows away from homes and critical infrastructure.

    Despite downgrading the volcanic system’s threat level, the local authorities have warned of further eruptions as land continued to rise in the area due to magma accumulating underground.

    Iceland, which is roughly the size of the U.S. state of Kentucky, boasts more than 30 active volcanoes, making the north European island a prime destination for volcano tourism – a niche segment that attracts thousands of thrill seekers.

    (Reporting by Terje Solsvik; Editing by Anna Ringstrom and Michael Perry)

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