2 killed, over 100 injured as quake hits Greek, Turkey tourist resorts

Agencies
July 21, 2017

Theologos, Jul 21: Two people, likely foreign tourists, were killed and more than 100 people injured on the Greek island of Kos when an earthquake shook popular Greek and Turkish holiday destinations in the Aegean Sea.

The epicentre of the shallow 6.7 magnitude quake was some 10.3 kilometres (6.4 miles) south of the major Turkish resort of Bodrum, a magnet for holidaymakers in the summer, and 16.2 kilometres east of the island of Kos in Greece, the US Geological Survey said.

“We have two dead and people injured,” a hospital official on Kos told AFP, adding that the victims were killed when the ceiling of a building collapsed.

Kos mayor Georges Kyritsis told Skai radio the two victims were foreigners. A local journalist, interviewed by the same station, said the victims were found in a bustling part of the town.

The Greek secretary of state for the merchant navy Nektarios Santorinios, said the injury toll had risen to 120.

Reports said the state hospital in Bodrum was evacuated after cracks appeared, with new patients being examined in a garden outside.

The governor of the southern Mugla province -- where Bodrum is located -- said some people had been slightly injured after falling out of windows in panic.

Television footage showed throngs of worried residents and holidaymakers in Bodrum’s streets.

“The biggest problem at the moment are electricity cuts in certain areas (of the city),” Bodrum mayor Mehmet Kocadon told NTV television.

“There is light damage and no reports that anyone has been killed” in the area, he added.

The quake struck Friday at 0131 local time (2231 GMT Thursday).

‘I screamed’

The Adliye mosque in central Bodrum suffered some damage, with police cordoning it off to prevent people being wounded by fallen debris, the state-run Anadolu news agency said.

The quake was also felt on the Datca peninsula -- also a major resort area -- as well as Turkey’s third city of Izmir on the Aegean to the north.

Turkish television said the earthquake triggered high waves off Gumbet near Bodrum which flooded a road and left parked cars stranded. There were no reports of casualties.

An AFP correspondent holidaying in Bodrum said the quake was followed by aftershocks.

“The bed shook a lot. Some bottles fell and broke in the kitchen and the patio,” said Turkish pensioner Dilber Arikan, who has a summer house in the area.

“I screamed I was very scared because I was alone.”

Erdinc Kalece, 47, and his son Baris, 23, were seeing out the night in the open air in a makeshift bed outside their house in the Turgutreis district outside Bodrum.

“My father and mother were sleeping, I was driving. It was very bad. The road was trembling... I slowed down, waited. I was not scared but anxious,” said Baris.

Erdinc added: “Now we’re waiting for the aftershock quakes to end.”

‘We were scared’

The quake was also felt on the Greek island of Rhodes.

“We were very surprised. We were scared and we immediately went outside,” Teddy Dijoux, who was holidaying with his family at a Rhodes resort, told AFP.

“That lasted a long time. I quickly gathered up my children to leave the hotel,” said holidaymaker Sylvie Jannot.

Turkey and Greece sit on significant fault lines and have regularly been hit by earthquakes in recent years.

This year alone, Turkey’s western Aegean coast was hit by several significant earthquakes, which brought back memories of past deadly earthquakes.

In June, a 6.3-magnitude earthquake gutted a village on the Greek island of Lesbos, killing a woman and leaving more than 15 injured. The quake also caused panic on Turkey’s Aegean coast.

On August 17, 1999, a huge earthquake measuring more than 7.0 magnitude near the city of Izmit devastated vast areas in the country’s densely populated northwestern zone, notably around Istanbul, killing over 17,000 people.

              

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News Network
July 3,2020

Islamabad, Jul 3: The US embassy here in a statement on Friday said the Trump administration through the US Agency for International Development (USAID) “donated a shipment of 100 brand-new, state-of-the-art ventilators” to Pakistan.

The ventilators arrived in Karachi on July 2 and will be sent to hospitals across Pakistan.

“This donation delivers on President Donald Trump’s generous offer of these critically-needed supplies and supports Pakistan’s urgent response to the pandemic,” the embassy said.

Made in America, the ventilators are valued at about $3 million and reflect the latest in cutting-edge medical design and technology, it said.

They are compact, easily deployable, and will enable Pakistan to more effectively treat patients suffering from Covid-19.

The US-Pakistan health partnership to curb the spread of the novel coronavirus is helping to improve and expand laboratory testing, disease monitoring, case tracking, infection prevention and control and patient care, the embassy said.

The US has contributed nearly $27 million in new funding so far to this vital partnership that is growing every day. "We are also thankful for Pakistan's contribution of medical supplies to help fight coronavirus in the US," the embassy said in the statement.

Ambassador Paul Jones said, “The US stands with Pakistan in its fight against the coronavirus. These American-made ventilators will help Pakistani patients in the most acute need of medical care."

The announcement comes days after Pakistan said it had started producing locally designed ventilators.

Pakistan reported 78 more deaths from the coronavirus in the past 24 hours, raising virus-related fatalities to 4,551 while the total number of confirmed cases has increased to 221,896.

On Friday, the health authorities said 1,13,623 persons have recovered from the coronavirus, surpassing the number of active Covid-19 infections in the country for the first time.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
May 20,2020

Washington, May 20: Once dubbed as historic by him, US President Donald Trump on Tuesday said he now feels ‘differently’ about the trade deal he signed with China earlier this year.

He said this while once again venting out his frustration with the Beijing leadership, accusing it of letting coronavirus spread.

Till Tuesday, over 92,000 Americans have died and 1.5 million tested positive for coronavirus that has globally killed around 320,000 people.

The US and China had signed a deal in January to end their 22-month-long trade war during which the two countries slapped tit-for-tat tariff hikes on products worth nearly half a trillion USD.

Under it, Beijing agreed to increase its purchase of US goods by USD 200 billion in 2020-2021.

“I feel differently now about that deal than I did three months ago,” Trump told reporters during a Cabinet meeting at the White House.

“We will see what all happens, but it's been a very disappointing situation. A very disappointing thing happened with China because the plague flowed in and that wasn't supposed to happen and it could have been stopped," he said.

Trump said he was very excited when the trade deal with China was signed.

“But once the virus came in, once the plague, as I called it, came in, I said how did they let that happen? And how come it didn't go into other sections of China? Why did they block it from leaving Wuhan? But they didn't block it from going to the rest of the world, including the United States. Why is that? Beijing doesn't have it. Other places don't have it,” he said.

Trump did not respond to questions on retaliation against China.

Meanwhile, top American senators continued to press the administration that rules of engagement with China needs to change post-coronavirus.

“As we know, they unleashed this virus on America and the world with their classic communist cover-up, deception, continued propaganda campaign, costing now over 90,000 American lives, 35 million Americans losing their jobs so far,” Senator Martha McSally said during a Congressional hearing.

“We don’t know who patient zero is, they destroyed samples, they silenced doctors, they kicked out journalists, they impacted international travel to seed this and their reckless behaviour continues to be the root of all this,” she said.

As a result of coronavirus, the American economy has been thrown into recession; more than 36 million people have lost their job – the worst ever after last century’s great depression.

Many of the US states have now started opening up, after taking necessary precautions.

By conservative estimates, it will take several quarters for the economy to be back on track.

Trump in the last a few weeks has exuded confidence that the economy will be back on track next year.

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