16 dead as strong typhoon floods Macau, southern China

Agencies
August 24, 2017

Macau, Aug 24: Macau said on Thursday that eight people were killed in the former Portuguese colony, including two men found overnight in a submerged parking garage. Another 153 were injured amid extensive flooding, power outages, and the smashing of doors and windows by high winds and driving rain.

“It’s a calamity, the losses are high and a lot of buildings need repair,” said Macau lawmaker Jose Pereira Coutinho, adding that he heard from many people who still had no water or electricity a day after Typhoon Hato tore across the 30-squ km (19—square mile) territory.

Mr. Coutinho said the flooding was at its worst in the older parts of the city’s downtown, where narrow lanes date back from Macau’s time as a Portuguese colony for more than four centuries.

“People were just swimming, they cried for help. There were no boats. The water came so suddenly,” said Mr. Coutinho, who slammed the city government for having “reacted so slowly and so badly.”

The chief executive of Macau’s local government, Chui Sai On, ordered measures to “further the relief efforts,” the Government Information Bureau said in a statement on Thursday.

Residents waded in waist-high murky water and rows of city buses sat half-submerged on city streets, according to photos circulating among residents. Fallen trees blocked roads, causing traffic snarls, and residents lined up with buckets to collect water from public standpipes, television video showed.

Macau, which is surrounded by water, is vulnerable to high tides and has few options for draining storm runoff. The territory took almost a direct hit from the storm as it churned toward mainland China.

Its reliance on the mainland for electricity compounded problems. Power cuts in neighboring Guangdong province, which supplies nearly 90 per cent of Macau’s electricity, cascaded into outages across the city, forcing casino operators, a hospital, and the city’s mobile phone company, CTM, to switch to backup generators.

CTM also said two equipment rooms were seriously damaged by flooding, affecting telecommunications service in the area. Power utility CEM said on Thursday it was restoring service but about 40,000 customers remained in the dark because of damaged power supply facilities.

China’s official Xinhua News Agency said eight more people were killed in Guangdong and one person remained missing. Typhoon Hato roared into the area on Wednesday with winds of up to 160 kilometers (100 miles) per hour. It weakened into a tropical storm on Thursday as it moved farther west inland.

Xinhua said almost 27,000 people were evacuated to emergency shelters, while extensive damage to farmland due to the heavy rain and high tides was also reported. Almost 2 million households lost power temporarily, while fishing boats were called back to port and train services and flights suspended, Xinhua said.

“Compared to other typhoons, Hato moved fast, quickly grew more powerful and caused massive amounts of rainfall,” Wu Zhifang, chief weather forecaster at the Guangdong meteorological bureau, was quoted as saying by Xinhua.

By Thursday, a weaker Hato was moving into China’s Guangxi region.

Flooding and injuries were also reported in Hong Kong, which lies across the water 64 km (40 miles) from Macau, but there were no reports of deaths. Hato’s fierce gales blew out windows on skyscrapers in the Asian financial capital, raining shattered glass onto the eerily quiet streets below. Hong Kong’s weather authorities had raised the hurricane signal to the highest level for the first time in five years.

Three of the earlier deaths in Macau were men, aged 30, 45 and 62. One fell from the 11th floor of a building, one was hit by a truck and another was killed when the wind blew down a wall. Two others, a man aged 48 and a woman, 44, died from drowning, according to a press statement. No information was given for the remaining victim.

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Agencies
May 6,2020

Italian researchers have claimed that they have successfully developed a vaccine to contain coronavirus (COVID-19) which is likely to work on humans, a report said.

Luigi Aurisicchio, CEO of Takis, the firm developing the medication, said that a coronavirus candidate vaccine has neutralised the virus in human cells for the first time, the Arab News reported.

"This is the most advanced stage of testing of a candidate vaccine created in Italy. Human tests are expected after this summer," Aurisicchio was quoted as saying to Italian news agency ANSA.

"According to the Spallanzani Hospital, as far as we know we are the first in the world so far to have demonstrated neutralisation of the coronavirus by a vaccine. We expect this to happen in humans too," he added.

The researchers experimented with the vaccine on mice that had successfully developed antibodies that blocked the virus from infecting the cells. They further observed that the five vaccine candidates generated a large number of antibodies, and selected two with the best results.

All of the vaccine candidates currently being developed are based on the genetic material of DNA protein "spike", the molecular tip used by the coronavirus to enter human cells.

They are injected with the so-called "electroporation" technique, which consists of an intramuscular injection followed by a brief electrical impulse, helping the vaccine break into the cells and activating the immune system, the report said.

Researchers believe that this makes their vaccine particularly effective for generating functional antibodies against the "spike" protein, in particular in the lung cells, which are the most vulnerable to coronavirus.

"We are working hard for a vaccine coming from Italian research, with an all-Italian and innovative technology, tested in Italy and made available to everyone," Aurisicchio was quoted by the Arab News report.

"In order to reach this goal, we need the support of national and international institutions and partners who may help us speed up the process," he noted.

The total number of COVID-19 infections, fatalities and recoveries since the pandemic began has risen to 213,013 in the country.

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News Network
May 1,2020

Washington, May 1: The United States on Thursday recorded 29,625 new coronavirus cases, and 2,035 deaths in the last 24 hours, according to Johns Hopkins University.

The total number of coronavirus cases has reached 1,069,534 and the death toll stands at 63,001, CNN reported.

The novel coronavirus has infected more than 3.2 million people and killed at least 233,000 globally, according to Johns Hopkins University.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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