Reuters UK

REYKJAVIK (Reuters) - A volcano that erupted in southwest Iceland for the second time in less than a month appeared to be significantly less active on Monday despite indications of magma still flowing underground. "A black day" read the front page headline of Icelandic daily Morgunbladid across an image of bright-orange lava fountains and houses burning in the town of Grindavik, some 40 kilometres (25 miles) southwest of the capital Reykjavik. Although volcanic activity has eased since Sunday, the eruption centres is a high-risk area and new fissures could open without warning, the Icelandic M......

By Mark John (Reuters) - The combined fortunes of the world's five richest men have more than doubled to $869 billion since 2020 while five billion people have been made poorer, anti-poverty group Oxfam said. An Oxfam report, which comes as business elites gather this week for the annual World Economic Forum (WEF) meeting in Davos, found that a billionaire is now either running, or is the main shareholder of, 7 out of 10 of the world's biggest companies. Oxfam called on Monday for governments to rein in corporate power by breaking up monopolies; instituting taxes on excess profit and wealth; a......

(Reuters) -A volcano erupted in southwest Iceland on Sunday, posing an immediate threat to a nearby small fishing town although it had been evacuated earlier and no people were in danger, authorities said. Early-morning video footage from the site showed fountains of molten rock spewing from fissures in the ground, the bright orange lava flow glowing against the dark sky. "No lives are in danger, although infrastructure may be under threat," Iceland's President Gudni Johannesson said on social media site X, adding there had been no interruptions to flights. The eruption began early on Sunday n......

By Steve Holland, Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term. Earlier in the day, the Taiwanese ruling Democratic Progressive Party's (DPP) presidential candidate Lai Ching-te came to power, strongly rejecting Chinese pressure to spurn him, and pledged both to stand up to Beijing and seek talks. "We do not support independence..." Biden said, when asked for reaction to Saturday's elections......

By Nandita Bose and Mohammed Ghobari WASHINGTON/ADEN (Reuters) - President Joe Biden vowed further military action against Yemen's Houthi forces if they keep up their attacks on shipping in the Red Sea despite dozens of U.S. and British air strikes on the Iran-backed group's facilities. Intensifying concerns about a widening regional conflict, U.S. and British warplanes, ships and submarines this week launched missiles against targets across Yemen controlled by the group, which has cast its maritime campaign as support for Palestinians under siege by Israel in Hamas-ruled Gaza. Even as Houthi ......