More companies in the Chinese property sector are now caught up in debt. And the poster child for the sector’s woes, Evergrande Group, has missed its third round of bond payments in a matter of weeks. More floods strike northern China. Heavy rain caused one river to overflow, drowning a dozen nearby towns. As for…
Rare Floods Hit China’s Coal-Rich Province Causing Further Coal Supply Tension
Since Oct. 2, China’s largest coal-producing province, Shanxi, has experienced continuous heavy rain, affecting more than 70 districts and cities in the province. The unceasing downpour has resulted in floods, landslides, road closures, and the suspension of 60 of its coal mines. The flooding in Shanxi province comes less than three months after the flooding…
Taiwan: We Won’t Be Forced to Bow to China
Over a dozen people are dead in China. Severe flooding in the country caused river overflow and a major bus accident, leading a number of passengers to drown. There’s more tension between Taiwan and China. Taiwan’s president says the island will keep bolstering its defenses, and won’t be forced to bow to the communist regime….
Floods Cause Damage in Northern China
Floods and landslides continue to plague parts of China. To make the situation worse, authorities are discharging water from local reservoirs, with little to no warning ahead of time. A newly built house is torn down in China. Police reportedly beat up the owner—who’s disabled—and his elderly parents. Some overseas Chinese people are running scams…
Alabama Swamped, 2 Killed in Floods From Slow-Moving Front
PELHAM, Ala.—Terrified drivers climbed out of swamped cars and muddy floodwater flowed through neighborhoods after a stalled weather front drenched Alabama for hours, leaving entire communities underwater Thursday and killing at least two people with still more drenching storms to come. Dozens of people had to be rescued Wednesday night in central Alabama, where the…
UPS Driver Takes Video Selfie With Motorists He Saved in His Truck in Hurricane Ida Flood
UPS driver Nick Dirla from New Jersey loves his job—which keeps him on the go, making deliveries throughout his hometown of Bridgewater. While in his truck, heading inbound on the night of Sept. 1, he found himself in exactly the “right place at the right time” during a storm. Hurricane Ida had caused flooding on…
Almost 2,000 Bikers ‘Show Up and Show Out’ to Escort Hearse of 2-Year-Old Flood Victim
Almost 2,000 bikers have rallied to honor a Humphreys County toddler who lost his life in the Tennessee floods. The 2-year-old who adored motorbikes had a procession, where members gathered to escort the little boy’s hearse to the funeral home, making the sendoff an absolutely emotional one. Bikers congregated in downtown Dickson, while another group…
Chinese Flood Victims Struggle to Receive Aid
After more than a month since a devastating July flooding in China’s central Henan Province, residents are struggling to get displacement subsidies of a maximum of $162 per person. Heavy rainfall poured down from July 17 to July 20 in Henan. Floods affected half of Weihui city’s 600,000 residents, and displaced about one-third of the…
Insurers Could Face $1 Billion In Offshore Rig Damage Claims from Hurricane Ida
Insurers are bracing for a hit of some $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from property data and analytics company CoreLogic. A CoreLogic spokesperson disclosed the estimates to Reuters, noting also that the preliminary projections don’t include losses from disruptions to production. The Bureau…
NTD Business Full Broadcast (Sept. 2)
Remnants of Ida bring severe flooding to the northeast. We bring you to one city in New Jersey that’s been hit especially hard. And bad news on the economic outlook. The Atlanta Fed and Morgan Stanley slash their third quarter forecasts. Federal authorities is investigating Richard Branson’s flight to space, what do they say was…
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