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The losses could trim 0.15 percentage points off 2024’s economic growth, according to state media, citing an estimate by the Ministry of Planning and Investment. Third-quarter growth could see 0.35 percentage points shaved off, while the fourth quarter may see a hit of 0.22 percentage points. The government previously targeted this year’s expansion at as much as 7 per cent.
TAIPEI, Taiwan (AP) — The strongest typhoon to hit Shanghai since at least 1949 knocked out power to some homes and injured at least one person as it swept over the financial hub Monday.
BANGKOK (AP) — Shanghai’s airports are canceling hundreds of flights Sunday as they brace for impact from Typhoon Bebinca, which is due to make landfall in the early hours of Monday morning, the authorities said.
Another night of torrential rains pounding Central Europe forced massive evacuations in the hardest hit areas in the Czech Republic, where floods reached extreme levels on Sunday.
Extreme weather is striking multiple places around the world, including wildfires in California, a hurricane that threatens Louisiana, drought and wildfires in the Amazon, flooding in Nigeria and a lethal typhoon in Vietnam.
But after an earthquake-triggered tsunami unleashed the worst nuclear disaster since Chernobyl, consumers feared eating them could harm their health and sales plunged.
HANOI, Vietnam (AP) — The death toll from Typhoon Yagi and its subsequent rain that triggered floods and landslides climbed to 87 on Tuesday as 70 others remain missing and hundreds were injured, state media said.
Typhoon Yagi barreled toward Vietnam on Saturday, packing powerful winds and torrential rain that killed at least one person before it made landfall. Earlier, the storm smashed into southern China, where about one million people were evacuated and at least two died.