41 dead, over 70 wounded in fire at South Korea hospital

Agencies
January 26, 2018

Seoul, Jan 26:  A huge fire tore through a South Korean hospital Friday killing at least 41 people, the government said, in the country's worst blaze for 15 years.

More than 80 others were hurt in the fire, which comes just weeks before thousands of athletes and foreign visitors are expected in the country for the Winter Olympics.

Videos posted on social media showed a patient hanging on to a rope dangling from a helicopter above the hospital in Miryang, in the far south, and another crawling out of a window to climb down a ladder.

The six-storey structure housed a nursing home as well as the hospital.

The death toll rose rapidly throughout the morning, as those initially pulled from the blaze succumbed to their injuries.

By lunchtime, it had hit 41, according to the presidential Blue House.

"Two nurses said they had seen fire suddenly erupting in the emergency room," said fire chief Choi Man-Woo.

All the patients had been brought out, he said, adding that evacuating 15 sick people from the intensive care unit on the third floor took longer as firefighters had to wait for medical staff to supervise the process.

All those who died were in the hospital, he said.

"Many victims were from the first and second floors of the hospital... some died on their way to another hospital," he said.

Video footage and pictures showed the building engulfed by thick, dark smoke and surrounded by multiple fire trucks.

Survivors were brought out wrapped in blankets, and firefighters picked their way through the blackened shell of the building after the blaze was extinguished.

Around 200 people were in the Sejong Hospital when the fire erupted, police said.

Jang Yeong-Jae, a surviving patient, said he was on the second floor when nurses screamed "Fire!" in the hallway and urged people to leave through the emergency exits.

"But when I opened the exit door, the whole stairway was filled with dark smoke and I couldn't see a thing," he told Seoul's major daily JoongAng Ilbo.

"Everybody was running around in panic, falling over and screaming as smoke filled the rooms," he was quoted as saying. Jang tore open window screens and escaped on a ladder erected by firefighters.

"There were so many aged patients on other floors... I wonder if they escaped safely," JoongAng quoted Jang's wife as saying.

South Korean President Moon Jae-In called an emergency meeting with advisers, and demanded an immediate probe into the cause of the blaze.

The fire came only a month after 29 people were killed in an inferno at a fitness club in the South Korean city of Jecheon -- a disaster blamed on insufficient emergency exits, flammable finishing materials and illegally parked cars blocking access to emergency vehicles.

Friday's accident is South Korea's worst fire disaster since 2003, when an arson attack on a subway station in the southeastern city of Daegu killed 192 people.

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News Network
April 25,2020

Bueno Aires, Apr 25: Dozens of prisoners at a jail in Argentina's capital Buenos Aires rioted on Friday demanding urgent health measures after confirmation of a coronavirus case inside the facility.

Police surrounded the prison, which holds around 2,200 inmates, as explosions were heard, news agency reporters at the scene said.

A group of prisoners managed to climb onto a roof, burn mattresses and throw objects at security guards trying to quell the uprising.

Authorities have yet to comment on the riot or whether there are any injuries.

Inmates could be heard shouting demands for a judge to hear their case and for better protection against the pandemic, just a few days after a warden at the Villa Devoto prison was confirmed to have contracted the novel coronavirus.

"COVID-19 in Devoto, genocidal judges," read a banner hung from the prison roof. "We refuse to die in prison," read another.

The inmates are demanding, among other things, that releases that were pending before the pandemic be processed.

Several other riots broke out in prisons last week, including in Florencio Varela in Buenos Aires province where one inmate died and 20 were injured.

Argentina has been in lockdown since March 20 and has recorded more than 3,400 coronavirus cases and 167 deaths.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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News Network
March 28,2020

Washington, Mar 27: The United States has seen a record 18,000 new confirmed coronavirus cases and 345 deaths over the past 24 hours, according to a Johns Hopkins University tracker.

There are now 97,028 declared virus cases in the country and there have been 1,475 deaths, Johns Hopkins said.

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