West Yorkshire industrial

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What’s up Dock?

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Cambridge research: Capital nourishment

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Booker subsidiary sale lets up space

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Wigmore St chosen to showcase new Daimler

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Lend Lease gears up for Euro drive with Bovis

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MoD’s Woolwich retreat secures residential future

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Houston: we have lift-off

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Death toll rises to eight after flash flood sweeps away scouts in Yogyakarta

first_imgThe victims were among 257 seventh and eighth graders of Turi 1 junior high school taking part in scouting activities on Friday. The student participants went river trekking despite the weather conditions.Tarnoto, the head of Dukuh hamlet in the village, said hamlet residents had remined the scout group to cancel the river trekking on Friday because drizzling had started at the time.“The sky was full of dark clouds above the river’s upstream area. The residents were worried that it would rain in the upstream and cause a flash flood,” Tarnoto told the Post.He went on to say that Sempor River had for years been used for trekking and was known for its cleanliness.Topics : Several rescuers were also looking at a weir located near the incident. A diver searched for victims at the bottom of the river, as observed by The Jakarta Post.Read also: At least six dead after flash flood sweeps away 250 students in Yogyakarta Wahyu said the rescue operation was under way, with 853 personnel deployed to find the missing students. The operation had continued at 7 a.m. on Saturday.“The focus of the search today is from the location of the incident [in Donokerto village] to [Pondok Gajah Homestay in Sleman], with a total area of operation of 25.19 kilometers. The personnel are divided into four teams, dispatched to separate locations,” as written on the agency’s official Twitter account, @Pusdalops_diy.center_img A joint search and rescue team reported on Saturday that eight students had died during a flash flood that swept away a group of scouts trekking on the banks of the Sembor River in Donokerto village in Sleman, Yogyakarta.“Rescue team personnel have found eight bodies and are still looking for two more that are still missing,” said Yogyakarta Search and Rescue Agency (Basarnas) head Lalu Wahyu Effendi on Saturday at noon.The dead and missing students are all girls aged 12 to 15 years old. Meanwhile, 23 students were injured during the incident.last_img read more

Dollar climbs down as panic subsides, on course for biggest loss in decade

first_imgThe dollar is on track for its biggest weekly fall in more than a decade on Friday as a series of stimulus steps around the world, including a $2.2 trillion US package, calmed a panic over a global recession following the coronavirus outbreak.Data showing an unprecedented rise in US jobless claims underscored the virus’ devastating impact on the economy, but subsequent rise in Wall Street shares raised hopes a torrent of selling in risk assets may have run its course for now.The dollar dropped to 109.42 yen, shedding 1.44% overnight while the euro also jumped 1.40% on Thursday and last stood at $1.1025. The focus stayed on an unprecedented $2.2 trillion stimulus expected to be approved by the US House of Representatives on Friday.The dollar’s index against six other major currencies lost 1.5%, its biggest daily fall in almost four years.So far this week it is down 2.9%. If sustained by the end of US trade, that would mark the biggest weekly decline since 2009, underscoring the currency market’s extreme volatility after last week racking up its biggest weekly gain since the global financial crisis more than a decade ago.Highly choppy trade could continue towards the end of month, when there tend to be large flows from corporate and investors to hedge their currency exposures.In particular, many asset managers may need to adjust their currency hedge positions after wild swings in global share prices.The dollar’s rises until last week, in particular against the ATopics : The biggest mover among major currencies was sterling, which rose 2.8% overnight before giving up part of that gain in early Asian trade. The British pound last stood at $1.2183.An easing in dollar funding conditions is helping to reduce demand for the dollar.The number of Americans filing claims for unemployment benefits surged to a record of more than 3.28 million last week as strict measures to contain the coronavirus pandemic unleashed a wave of layoffs.While that eclipsed the previous record of 695,000 set in 1982 and was up 3 million from last week, it was below investors’ worst fears.last_img read more