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Tag: climbs

69-year-old double amputee climbs Everest after decades-long mission

69-year-old double amputee climbs Everest after decades-long mission

World
May 14 (UPI) -- A 69-year-old Chinese man reached the top of Mount Everest Monday, on his fifth try -- decades after a prior attempt forced doctors to amputate both his legs. Xia Boyu was guided by Mingma Gyalje Sherpa, a veteran mountaineer who's successfully climbed the world's 14 highest mountains, and joined by 11 others. Xia's son said his father had finally realized his "40 years dream" by reaching the top of the world's highest peak early Monday. "I love the mountain," Xia told TIME magazine before the climb, "I will fight for it my entire life." "Boyu finally won his 40-year-long battle for Mount Everest," the sherpa said Monday. Xia lost both legs below the knee when he was 25, after a failed attempt in the mid-1980s resulted in severe frostbite. In December, Nepal banned solo c...
ECB's Mario Draghi says global recovery is firming up, euro climbs

ECB's Mario Draghi says global recovery is firming up, euro climbs

Finance
European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business leaders, warned about demographic challenges to growth.The euro spiked 1 percent to a high of $ 1.1940, its highest against the U.S. dollar since January 2015 after Draghi's initial remarks."The global recovery is firming up," Draghi said, according to prepared remarks on the European Central Bank website. He noted that in Europe and Japan, "the consolidation of the recovery is at an earlier stage" versus that of the U.S.Draghi also said significant monetary accommodation is still needed and that inflation is not yet converging to the central bank's target. The euro edged off session highs to trade near $ 1.192 after those comments."It would sug...
French bank Credit Agricole gets capital boost as profit climbs

French bank Credit Agricole gets capital boost as profit climbs

Finance
Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position.An improving economic activity in its core European markets, coupled with a slight increase in interest rates and cost cuts, helped drive its second-quarter net income up 17 percent to 1.35 billion euros ($ 1.60 billion)."The economy is improving in our main markets, namely France and Italy, so I'm confident that we are on track to reach the financial targets that we have set for our medium-term plan for 2019," Jerome Grivet, the deputy managing director of Group Finance at Credit Agricole, told CNBC on Thursday.Revenues fell 0.6 percent, as its asset manager Amundi and insurance b...