EDWARDSVILLE, Ill.—Tornadoes and severe weather were blamed for several deaths and injuries across parts of the Midwest and the South as a storm system caused significant damage at a candle factory in Kentucky, an Amazon facility in Illinois, a nursing home in Arkansas, and numerous homes and buildings. Many people were feared dead at the…
Deadly Tornadoes, Storms Strike US; Roof Collapse at Amazon
December 11, 2021
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30 Injured After Sidewalk Collapse in Brazil
More than 30 people were injured on Monday when a sidewalk collapsed into an adjacent river in Joinville, Santa Catarina, southern Brazil, sending 21 adults and 12 children to local hospitals. The accident occurred during a Christmas celebration. Several fell into the Cachoeira river, rushing emergency teams to search for victims who fell into the…
At Least 4 Killed in Southern China Dormitory Collapse
BEIJING—At least four people have died in the partial collapse of a workers’ dormitory in the southern Chinese Province of Jiangxi, regime media report. Part of the six-story building in the Province’s Ganjiang New District tumbled down Monday evening, they said. The building housed workers who had originally worked at a pharmaceutical plant and most…
Lawsuit: Florida Condo Collapse Triggered by Building Work
Construction of a luxury building next door triggered the collapse of an already fragile Florida condominium that killed 98 people in June, according to a new lawsuit. The lawsuit, filed late Tuesday on behalf of Champlain Towers South victims and family members, contends that work on the adjacent Eighty Seven Park tower damaged and destabilized…
Rescuers Search for Survivors After 10 Killed in Lagos Building Collapse
LAGOS—Rescuers on Tuesday dug through rubble searching for survivors a day after a luxurious high-rise building collapsed while under construction in Nigeria’s commercial capital Lagos, as officials put the death toll at 10 and scores were reported missing. Emergency services used earth moving equipment to lift chunks of masonry at the site in the affluent…
Brazil Superior Court Rejects Brumadinho Indictments on Procedural Grounds
BRASILIA—Brazil’s Superior Court of Justice threw out on procedural grounds an indictment of 16 people in relation to the collapse of the Brumadinho dam owned by Brazilian miner Vale SA, a disaster that killed 270 people in 2019. A chamber of the court known as the STJ ruled on Tuesday that the charges filed by…
Judge: Mediator Will Sort Claims in Florida Condo Collapse
Hoping to avoid a bitter and lengthy battle over money by victims, a judge on Wednesday said a mediator will be named to sort through claims arising from the collapse of a Florida condominium that killed 98 people. The intent is for an agreement to be reached on the distribution of money from the planned…
Britain’s Sunak Accepts Call for Financial Reforms After Greensill Collapse
British finance minister Rishi Sunak has ordered two immediate reviews of the country’s financial regulation related to the collapse of supply chain finance firm Greensill Capital. In a letter to a parliamentary committee that issued a report in July related to Greensill’s collapse, released on Friday by the same committee, Sunak said he had accepted…
Evergrande Investors on Hold After Payment Deadline Passes
SINGAPORE/SHANGHAI—China’s Evergrande Group has left global investors guessing over whether it will make a key interest payment, adding to fears that Beijing will let overseas bondholders swallow large losses as a liquidity crisis deepens for the world’s most indebted property company. Evergrande owes $305 billion, has run short of cash, and investors are worried a…
China Evergrande’s Rising Default Risks Shift Focus to Possible Beijing Rescue
September 22, 2021
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HONG KONG/NEW YORK—Persistent default fears eclipsed efforts by China Evergrande Group’s chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy. Analysts played down the threat of Evergrande’s troubles becoming the country’s “Lehman moment,” though concerns about the…
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