Indonesia on highest alert as Sulawesi volcano continues to erupt

Mount Ruang volcano erupts in Sitaro, North Sulawesi, on April 19, 2024. (AFP)
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Updated 20 April 2024
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Indonesia on highest alert as Sulawesi volcano continues to erupt

  • Over 7,500 people living near the volcano have so far been evacuated
  • Volcanic activity is common in Indonesia, which lies on the Pacific ‘Ring of Fire’

JAKARTA: Indonesian authorities were on the highest alert on Saturday as a volcano in North Sulawesi continued to erupt. Thousands living nearby have been forced to leave their homes.

Mount Ruang, located on the northern side of Sulawesi Island, had at least eight eruptions since April 16, including a major one on Wednesday evening, which prompted Indonesia’s volcanology agency to issue its highest alert, which indicates an active eruption.

The center recorded at least two eruptions on Saturday, with the crater emitting white-gray smoke more than 1,200 meters above its peak after midnight, followed by another eruption at noon that released an ash column of about 250 meters.

“Based on visual observations, as of April 20, 2024, at 12:15 p.m., there is still high volcanic activity in Mt. Ruang,” Muhammad Wafid, head of the geology department at the Ministry of Energy and Mineral Resources, said in a statement.

“The potential danger is an explosive eruption that may cause the mountain to spew volcanic rocks in different directions, followed by clouds, as well as effusive eruption, or lava flow.”

With authorities having established a six-kilometer exclusion zone around the volcano, around 7,500 people have so far been evacuated, including more than 1,500 residents who live on the smaller island where Mount Ruang stands, and around 6,000 people living on neighboring Tagulandang island, northeast of the volcano, according to the latest data from Indonesia’s National Disaster Mitigation Agency. Thousands more are still at risk.

The international airport in Manado city, less than 100 kilometers away from Mount Ruang, is closed until at least Sunday because of volcanic ash.

“There are still concerns, because tremors and volcanic earthquakes are still being recorded by our devices, indicating magmatic fluid supply is still moving from the depth to the surface,” Hendra Gunawan, who heads Indonesia’s volcanology agency, told Arab News.

“There’s still potential for more eruptions … And a tsunami may occur if there is a large flow of volcanic material into the sea.”

Indonesia, a vast archipelago nation, has around 120 active volcanoes. The country experiences frequent seismic and volcanic activity due to its location on the arc of volcanoes and fault lines in the Pacific Basin known as the “Ring of Fire.”


Britain needs ‘AI stress tests’ for financial services, lawmakers say

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Britain needs ‘AI stress tests’ for financial services, lawmakers say

  • Lawmakers urge AI-specific stress tests for financial firms

LONDON: Britain’s financial watchdogs are not doing enough to stop artificial ​intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to ‌publish detailed guidance ‌by the end of 2026 on how ‌consumer ⁠protection ​rules apply to ‌AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.

TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’

A race among banks to adopt agentic AI, which ⁠unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the ‌FCA told Reuters late last year.
About three-quarters ‍of UK financial firms now use ‍AI. Companies are deploying the technology across core functions, from processing insurance claims ‍to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts ​contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech ⁠giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ‌ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.