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US stocks fall as China fears trigger gloom

US stocks fall as China fears trigger gloom

Business
Shares on Wall Street sank deeper on Thursday after Apple said weak sales in China had hurt its business, stoking wider concerns over trade tensions and economic slowdown.A revenue warning from a major airline, as well as some data showing declines in US car sales and manufacturing activity last month added to the gloom.The Nasdaq plunged 3%, the Dow tumbled 2.8% and the S&P 500 fell 2.5%.Apple was the biggest loser on the Dow, plunging almost 10%.The declines added to the losses that have rocked markets in recent months.Investors are trying to gauge the effects on companies of rising interest rates, trade tensions and signs of economic slowdown - especially in China, the world's second largest economy."The story here is that the trade war, coupled wi...
Fears of new Indonesia tsunami as Anak Krakatau volcano seethes

Fears of new Indonesia tsunami as Anak Krakatau volcano seethes

World
Media playback is unsupported on your device Coastal residents near Indonesia's Anak Krakatau volcano have been warned to keep away from beaches amid fears it could trigger a new tsunami.On Saturday, giant waves crashed into coastal towns on the islands of Sumatra and Java, killing at least 222 people and injuring 843.It is thought that volcanic activity set off undersea landslides which in turn generated the killer waves.Anak Krakatau was erupting again on Sunday, spewing ash and smoke.Video shot from a charter plane captured the magnitude of the event in the Sunda Strait, between Sumatra and Java. President Joko Widodo has expressed his sorrow for the victims and urged people to be patient.Rescue efforts are...
The Marshall Islands: A nation that fears it's on the brink of extinction

The Marshall Islands: A nation that fears it's on the brink of extinction

World
The Marshall Islands, a tiny nation of islands and atolls located between Hawaii and Australia, are in a fight for survival. In a battle between man and nature, officials say climate change is threatening the islands' existence. The most extreme predictions say that rising sea levels could make the nation uninhabitable as soon as 2030. The capital city of Majuro is only 300 feet wide in most places, yet the thin strip of land is home to over 27,000 people. Charlotte Jack, one of the city’s residents, lives just steps from the water’s edge — her front yard is the ocean. At 16 years old, she has grown up feeling its fury made worse by unpredictable weather. “One day it could be like… just the perfect day,” she said. “Tomorrow it could be li...
Wall Street shares dive amid growth fears

Wall Street shares dive amid growth fears

Business
Wall Street shares tumbled on Tuesday, sending all three major indexes down more than 3% in some of the steepest declines in weeks.The Dow Jones index shed almost 800 points, or 3.1%, to close at 25,027.07. The S&P 500 ended at 2,700.07, down more than 90 points or 3.24%, while the Nasdaq dropped more than 283 points or 3.8% to 7,158.43.The falls came as a closely-watched financial measure caused alarm about US economic prospects.Increasing doubts that talks between the US and China would defuse trade tensions also fuelled the losses, reversing Monday's rise, which followed optimism about those prospects. The declines extended a period of market turbulence that started...
China-backed coal projects prompt climate change fears

China-backed coal projects prompt climate change fears

Science
As levels of greenhouse gases reach a new record, concerns are growing about the role of China in global warming.For years, the increase in the number of Chinese coal-fired power stations has been criticised.Now environmental groups say China is also backing dozens of coal projects far beyond its borders. Coal is the most damaging of the fossil fuels because of the quantity of carbon dioxide it releases when it's burned. Last year, the concentration of carbon dioxide in the atmosphere reached its highest level for the past 3-5 million years, according to the latest research by the UN's weather agency, the World Meteorological Organisation (WMO). And last month the UN's climate science panel said that coal must be phased out by 20...