News That Matters

Tag: Huge

US detects huge meteor explosion

US detects huge meteor explosion

Science
A huge fireball exploded in the Earth's atmosphere in December, according to Nasa.The blast was the second largest of its kind in 30 years, and the biggest since the fireball over Chelyabinsk in Russia six years ago.But it went largely unnoticed until now because it blew up over the Bering Sea, off Russia's Kamchatka Peninsula.The space rock exploded with 10 times the energy released by the Hiroshima atomic bomb.Lindley Johnson, planetary defence officer at Nasa, told BBC News a fireball this big is only expected about two or three times every 100 years. What do we know?At about noon local time on 18 December, the asteroid barrelled through the atmosphere at a speed of 32km/s, on a steep traject...
Kraft Heinz shares plummet with huge profit loss

Kraft Heinz shares plummet with huge profit loss

Business
US foods giant Kraft Heinz saw its shares plummet by more than quarter after posting a huge losses and revealing it was the focus of a federal investigation.The $ 12.6bn (£9.7bn) hit reported in the latest quarter by the company, which makes iconic products like tomato ketchup and baked beans, is in contrast to the $ 8bn (£6.1bn) profit recorded for the same period last year. It reflects changes in consumer trends away from processed foods to healthier alternatives, which has clashed directly with some of the firm's most well-known products, such as Jell-O, Kool-Aid and Oscar Mayer hot dogs. Image: The company has slashed the value of its most well-known brands The loss has been largely blamed on the company slashing the val...
Yellow vest protesters call for huge run on French banks

Yellow vest protesters call for huge run on French banks

World
Yellow vest activists are urging French citizens to empty their bank accounts and spark a massive run on French banks in their long-standing fight with the government. Ahead of a ninth straight weekend of planned protests in Paris and across France, yellow vests are issuing calls on social media for massive cash withdrawals from banks. Protesters hope the move will force the government to listen to their demands, notably their call for more direct democracy through the implementation of popular votes that allow citizens to propose new laws. Activist Maxime Nicolle called it the "tax collector's referendum." In a video message, Nicolle said "we are going to get our bread back ... You're making money with our dough, and we're fed up."Let's block ads! (Why?) ABC News: International
Climate change: Huge costs of warming impacts in 2018

Climate change: Huge costs of warming impacts in 2018

Science
Extreme weather events linked to climate change cost thousands of lives and caused huge damage throughout the world in 2018, say Christian Aid.The charity's report identified ten events that cost more than $ 1bn each, with four costing more than $ 7bn each.Scientists have shown that the chances of heat waves in Europe were influenced directly by human-related warming.Other events, say the authors, are due to shifts in weather patterns, said to be a consequence of climate change.According to the report the most financially costly disasters linked to rising temperatures were Hurricanes Florence and Michael, with costs said to be around $ 17bn for the former, and $ 15bn for the latter. Research published at the time showed that the ...
Mnuchin calls big US banks after huge stock market falls

Mnuchin calls big US banks after huge stock market falls

Business
US Treasury Secretary Steven Mnuchin has made calls to the heads of the country's six largest banks, in an unusual move aimed at reassuring investors after big falls in US stocks.Last week, US stocks suffered one of the worst weekly falls in a decade, as an interest rate rise and US-China trade tensions rattled markets.Mr Mnuchin said banks confirmed they had "ample liquidity" for operations. It also comes amid a partial government shutdown over spending plans."The [bank's chief executives] confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations," the Treasury said in a statement attached to a tweet from Mr Mnuchin."[Mr Mnuchin] also confirmed that they have no...