Two dead after NZ quake, residents flee tsunami

November 14, 2016

Christchurch, New Zealand, Nov 14: At least two people were killed and more fatalities were feared after a powerful 7.8 earthquake struck New Zealand today, while residents in coastal areas fled following tsunami warnings.

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As dawn broke there was scant information from many rural villages in the South Island, which were isolated by landslips and fractured telephone communications as strong aftershocks continued for several hours.

Prime Minister John Key confirmed two people had died and said "we cannot rule out" that number will rise, nearly seven hours after the main quake.

Police were trying to reach the scene of one fatality at a remote property 150 kilometres north of Christchurch while another person died in a historic homestead which collapsed at the nearby fishing village of Kaikoura.

"At this point we are unable to give precise details of what caused those fatalities," Key said, adding that communication problems made it difficult to get information.
Helicopters were taking officials workers to the worst-affected area, he said.

"As soon as we can get a much better assessment of the actual damage then we can work out the next steps."

Soon after the earthquake, tsunami warning sirens were activated in South Island coastal towns and along the east coast of the North Island, with police and emergency workers going door to door to evacuate seaside properties.

The ministry of civil defence, responsible for emergency management in New Zealand, initially warned of a "destructive tsunami" with waves of up to five metres (16 feet).

The first waves were measured around two metres and four hours later authorities downgraded the warning, but said risks remained.

The earthquake struck at 12:02 AM Monday (16:32 IST Sunday) and was 23 kilometres deep, the US Geological Survey said, putting the epicentre near the alpine tourist village of Hanmer and the rural township of Cheviot in North Canterbury, South Island.

It was one of the most powerful shakes to rock earthquake-prone New Zealand and ignited painful memories for residents in Christchurch which was devastated five years ago by a 6.3 tremor which killed 185 people.

"It was massive and really long," Tamsin Edensor, a mother of two in Christchurch, told AFP, describing the powerful quake as the biggest since the 2011 tremor which was one of New Zealand's deadliest disasters.

"We were asleep and woken to the house shaking, it kept going and going and felt like it was going to build up."

The main tremor was followed by a series of strong aftershocks and there were reports of damaged houses. Roads were cut and rail and ferry services were halted.

People took to social media to report damage with goods tipped from shelves and shattered glass littering streets. "Family friends in Cheviot say some houses are gone," one person tweeted.

Marie Black, a local councillor who lives about 50 kilometres north of Christchurch, told the New Zealand Herald there were reports of damage to buildings in the North Canterbury region.

"It was a significant shake, I have felt several aftershocks and it is very unnerving," she said.

In the capital city Wellington, where shattered glass littered inner city streets, rail and bus services were cancelled and people were advised not to try to go to work today.

In several cities guests were forced to evacuate hotels when the quake hit, including Nelson, about 200 kilometres from the quake centre where the touring Pakistan cricket team are staying.

"Some of the boys were in prayer, some were watching the India-England Test on TV when we felt the windows shake," team manager Wasim Bari told ESPNcricinfo.

In September, a strong 7.1-magnitude earthquake struck the east coast of New Zealand, generating a small tsunami, but no significant damage or injuries were reported.

New Zealand is on the boundary of the Australian and Pacific tectonic plates, which form part of the so-called "Ring of Fire", and experiences up to 15,000 tremors a year.

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News Network
June 11,2020

Jun 11: The total death toll in the US from the novel coronavirus pandemic could hit the grim figure of 200,000 by September and expecting a dramatic decrease in COVID-19 cases in the country will be a "wishful thinking , an eminent Indian-American professor has warned.

Ashish Jha, the head of Harvard's Global Health Institute, told CNN on Wednesday that he is not trying to scare people to stay at home rather urged everyone to wear masks, adhere to the social distancing rules and called for ramping up testing and tracing infrastructure.

Anybody who's expecting a dramatic decrease in cases is almost surely engaging in wishful thinking. And if it (COVID numbers) stays just flat for the next three months, we're going to hit 200,000 deaths sometime in September and that is just awful, Jha said.

Jha said the 200,000 death toll is not just a guess . Currently 800-1000 people are dying daily in America from the virus and all data suggest that the situation is going to get worse.

We're gonna have increases, but even if we assume that it's going to be flat all summer, that nothing is going to get worse... even if we pick that low number of 800 a day, that is 25,000 (deaths) a month in three and a half months. We're going to add another 88,000 people and we will hit 200,000 sometime in September, Jha said.

The United States is by far the hardest-hit country in the global pandemic, in terms of both confirmed infections and deaths.

According to data by the Johns Hopkins University, the number of coronavirus cases in the US currently is nearly two million and about 112,900 people have died in the country, the most in the world.

When asked about an improvement in states like New York, which had been the epicenter of the COVID19 pandemic in the US, Jha said while coronavirus cases are declining in New York, New Jersey, Connecticut and Massachusetts, the numbers are increasing in states such as Arizona, Florida, Texas, North and South Carolina while the country as a whole is pretty flat.

He said, people should take measures as that will help suppress the virus and ensure people could get back outside safely but he voiced concern that this was not the situation in reality.

We're not doing that and so we're going to unfortunately have another 25,000 deaths a month until September, and then it'll keep going. It's not going to magically disappear. We've got a turn around. This is not the future I want, he said.

Jha said he had expected the situation to improve in the summer months but on the contrary the numbers have continued to rise even in the warm weather.

Summer was supposed to be our better months - warmer weather, people outside, a little less transmission. This is not the time (summer) I was expecting a lot more cases. We're seeing a lot more cases, especially in states like Arizona where the numbers look really scary, he said.

Jha added that he was hopeful that maybe the summer months would give us more of a break. I think I may have been too optimistic on that.

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Agencies
July 17,2020

Washington, Jul 17: US President Donald Trump's economic adviser Larry Kudlow has said that TikTok may cut off ties to its Chinese parent and become a 100 per cent American company to circumvent demands to ban it as India has done.

"I think TikTok is going to pull out of the holding company which is China-run and operate as an independent American company," he told reporters at the White House on Thursday.

The US has not made a final decision on whether to ban it - which has been suggested by Secretary of State Mike Pompeo, he said.

TikTok being divested by ByteDance Technology Company "is a much better solution than banning or pushing away", said Kudlow, who is the Director of the National Economic Council.

He said that its services will be located in the US and "it will become an hundred per cent American company".

If it becomes a US company without Chinese links, India may have to reconsider the ban on the short video app wildly popular in the country.

India banned TikTok along with 58 other Chinese apps on June 29 citing threats to its defence and national security.

The ban came after a deadly clash between Indian and Chinese troops along the Line of Actual Control in Ladakh.

Under Beijing's National Security Law, all Chinese companies have to provide intelligence requested by the government, creating risks for users and their countries.

India was TikTok's biggest market outside of China, where it operates as Douyin.

There were about 200 million users in India and over 300 million downloads.

The US comes next with over 30 million users for the app.

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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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