Iceland

Iceland's Grimsvotn volcano has sent thousands of tonnes of ash into the sky over the last few days, raising fears of a repeat of the travel chaos seen across northern Europe almost a year ago.

The Icelandic volcano which has caused disruption to northern European airspace has stopped emitting ash, weather and aviation officials said.

Iceland's Grimsvotn volcano has sent thousands of tonnes of ash into the sky over the last few days, raising fears of a repeat of the travel chaos seen across northern Europe almost a year ago.

The Icelandic ash cloud left British airspace early on Wednesday morning according to the air traffic controller NATS.

Ryanair has cancelled all flights to and from Scottish airports and been forced to back down over claims that the ash cloud has had no effect on its aircraft.

The ash cloud caused by the eruption of an Icelandic Volcano has become less intense and the worst of the outburst may be over, the Met Office has said.

With more and more airlines arguing that even with Iceland's latest ash cloud descending over Europe it is still safe to fly, a flight operations manual released by Airbus has revealed just how damaging a meeting with volcanic ash can be on a modern plane.

The ash cloud from the erupting Iceland volcano could force the cancellation of up to 500 commercial flights in Northern Ireland, Scotland and parts of Scandinavia, the European air traffic agency has said.

The government said on Tuesday that ash from an Icelandic volcano would not lead to the total shutdown of airspace despite the cancellation of over 250 flights across Europe this morning.

Barcelona coach Pep Guardiola said his team were prepared to alter their flight arrangements if volcanic ash from Iceland disrupts European air travel this week.

As the latest ash cloud currently threatening European travel descends over Scotland, despite investment in new ash cloud detection and monitoring AVOID technology, budget airline easyJet is once again among the first set of airlines to cancel its flights.

The ash cloud from the erupting Grimsvotn volcano in Iceland is expected to disrupt U.K. flights from Tuesday morning, the Civil Aviation Authority said.

Following the previous report about easyJet's new AVOID system -- a newly developed ash cloud detection and mapping radar -- the IBTimes attempted to contact the company to see whether the new technology would be used to help manage the forthcoming ash cloud's impact on the global travel industry.

Last year's Iceland ash cloud caused many Britons to check their travel insurance policies for an eventuality that few had previously considered. So, few could have imagined that the industry would have to deal with a similar episode so soon after the first with forecasters warning that the plume from the Grimsvotn volcano could be blown to northern Scotland tomorrow, and the rest of Britain by Thursday.

The giant ash cloud from an Icelandic volcano threatening to shut European airspace hit airline shares this morning.

With memory of the widespread disruption last years ash cloud debacle caused British travellers still fresh and another similar cloud reported as on its way, budget airline easyJet's decision to invest in new ash cloud detection technology may well be proven right in the coming days.

A volcanic ash cloud produced by Iceland's most active volcano is expected to reach Scotland by the early hours of Tuesday morning, the Met Office has said.

Trading in currencies is basically a zero sum game. Rather than a stock or bond that can increase or decrease in value in absolute terms, and might move directionally the opposite of the equity or fixed income markets, currencies are all about relative movement. So in handicapping what might be the fate of the Euro currency in 2011, the question one has to ask is "In relation to what?"

Richard Lambert, the outgoing Director General of the Confederation of British Industry, has called for an end to "the dialogue of the deaf" between bankers, politicians and the public and has encouraged bankers to abstain from "toxic" bonuses at a time of public sector cuts.

Shares in TUI Travel dived in morning trading on the FTSE 100 after the group said it took a £105 million hit as a result of air space closures prompted by a giant ash cloud being emitted from an Icelandic volcano earlier this year.

Shares in eastJet were down on the FTSE 250 after the company said that it had lost around £65 million as a result of cancellations following the closure of European airspace caused by a giant ash cloud emanating from a volcano in Iceland.

The Greek government has pledged to pay tourists that find themselves stuck in the debt-struck nation as a result of strikes and natural disasters such as the volcanic ash that brought Europe's airlines to a standstill in April.

The British and Dutch governments have made attempts to block Iceland's application to join the European Union due to the billions of pounds owed by the country following the collapse of Icesave in 2008.

Perusing the much respected Airline of the Year awards given by air transport research company and occasional government consultants Skytrax over the last decade, I'm slightly at a loss. Singapore, Cathay Pacific, Emirates, Asiana (20 May 2010) even British Airways (2006), but not the airline Mr Michael O'Leary claims is the "world's favourite", Ryanair. Surely an omission and not simply hyperbole on Mr O'Leary's part as the Skytrax Airline of the Year Award is known the w...

Shares in British Airways fell on the FTSE 100 in morning trading today after the airline, which has hit by strikes, competition from budget airlines and most recently a volcano, reported a record loss of £531 million.

One of the less talked about points about last Friday's election results is that the Conservative Party has been denied victory, or at least an outright victory due to a strong showing by Labour in Scotland.