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HANOI — Vietnam is preparing for more flooding with a tropical depression forecast to strengthen into a storm as it heads to its central coast, days after typhoon Yagi set off floods and landslides that killed more than 290 people in the north.
The economic decoupling between the United States and China is no longer speculative—it is unfolding now, with consequences that will reverberate across the global economy. Driven by trade imbalances, technological competition and national security concerns, the split is accelerating and will shape the 21st century.
Precarious employment among youth in the Asia-Pacific region has become an increasingly urgent issue, with a growing number of young people trapped in temporary jobs without social security or long-term contracts.
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.
Difficulties in compiling information have raised fears that the number of casualties may be higher.
BANGKOK (AP) — The death toll in Myanmar from flooding and landslides caused by Typhoon Yagi has reached at least 74, with 89 people missing, Myanmar’s state television said Saturday.
Myanmar’s junta chief made a rare request on Saturday for foreign aid to cope with deadly floods that have displaced hundreds of thousands of people who have endured three years of war.