ion with affected areas remains limited. On Monday, Mozambican President Filipe Nyusi said that “everyth
ing indicates that we can have a record of more than 1,000 dead” — a figure that some experts now believe could be conservative.
The mortuary at the central hospital in Beira “is full and dozens of bodies need to be
removed and handled in a dignified way,” according to IFRC. Beira is still flooded, which makes it impossible to bury bodies, IFRC said.
It is premature to say how many people have died while affected areas remain i
naccessible, Stephen Fonseca, regional forensics manager at the International Committee of the Red Cross (ICRC), told CNN.
On Friday morning ICRC set up a new base in Chimoio, near the border with Zimbabw
e. Fonseca said identifying victims is “a monumental task” that will take months or years rather than days or weeks.
”The agony of not knowing what happened to your loved one in a disaster like Cyclone Idai is
indescribable,” Diane Araujo, an ICRC delegate deployed to Beira, said in a statement Friday.
rible sight” emerged, Taylor said.
”Dead bodies had floated up (and the) current of the flood water had washed the bodies up against the road,” said Tay
lor. “The road had subsided about 10 inches (25.5 centimeters). So these bodies had been washed up against the main highway.”
Taylor said the smell of bodies and livestock was palpable.Hundreds of others were also attempting to make the congested seven-ho
ur walk from the village of Lamego — about 90 kilometers (56 miles) inland from Beira — to Nhamatanda, on higher ground. In places whe
re the current of the flood waters was strong, about 50 people joined hands to make a human chain, said Taylor.
”I’m 6 foot 2 inches (187 centimeters), but the force of water at knee level w
as powerful,” Taylor said. “You had to pay attention and concentrate where you put your feet.”
Taylor said he saw an elderly woman carry her husband on her back.
On the road out of Beira, he said “the entire area, as far as I could see, was one lake of flood
water,” adding that groups of up to 10 people had climbed eucalyptus, cashew and mango trees waiting to be rescued.
Cyclone Idai made landfall in Mozambique on midnight local time on
Thursday, March 14, with 175 kph (109 mph) winds,
It wasn’t the strongest storm to have hit Mozambique, but the region had
recently been deluged by heavy rains. After lingering off the coast for days, gatherin
g strength, Idai finally dumped a huge amount of water on Beira — a city of
500,000 people — destroying “90%” of the area, according to aid agencies.
One week later, thousands of people remain missing across Mozambique,
Malawi, and Zimbabwe. Millions of others acr
oss have been left destitute without food or basic services, according to reports.
he high commissioner for Mozambique in the UK, Filipe Chidumo, said
Wednesday that the country needs “a sustained effort on part of the
Mozambican government as well as the inter
national community” to help rescue stranded people, and provide, food,
sanitation and water for those at risk.
”This is a big tragedy of biblical proportions,” he said, adding that major
ation of electricity, water and sanitation to prevent the emergence of waterborne
diseases, as well as repairs to public infrastructure.
d to the lowest level in almost a decade.
”The reason for this underperformance relative to the rest of the world is, I believe, the uncertainty surrounding the prospect of Brexit,” Ge
rtjan Vlieghe, a member of the Bank of England’s Monetary Policy Committee, said in a speech last month.
The pain has also been felt by households. The pou
nd plunged 15% against the dollar after the 2016 vote, pushing the price of imported goods hig
her. That spurred inflation and contributed to a decline in the value of people’s paychecks.
Executives have reacted to the uncertainty by attempting to Brexit-proof their businesses.
”It is clear that political inaction has already had economic consequences, with many firm
s hitting the brakes on investment and recruitment decisions as a result of ongoing uncertainty,” said Ad
am Marshall, director General of the British Chambers of Commerce, a business lobby.
online news service focusing on China’s mobile payment industry, said to Securities Daily he
expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha
re of consumption as possible, as consumers incrementally wade farther into cashless payments.
Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym
ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.
In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b
illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro
m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.
By the end of 2018, a total of 424 commercial banks and 115 payment institutio
ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.
NEW YORK – UP Fintech Holding Limited, a leading online brokerage firm focusing on global Chinese investors, rang th
e Nasdaq Stock Market opening bell on Wednesday in celebration of its initial public offering (IPO).
The company, known in Asia as “Tiger Brokers,” trading under the ticker symbol of “TIGR,” announced its IPO of 13 mill
ion American depositary shares (ADSs), each representing 15 Class A ordinary shares, at a price to the public of $8 per ADS.
UP Fintech Holding started trading at $8.10 per share on Wednesd
ay, climbing 24.6 percent from its pricing, and was traded at $9.97 apiece around midday.
Citi and Deutsche Bank acted as lead managers on the deal.
Online brokers utilize APPs and websites to provide integrated online securities services, incl
uding customer acquisition, account opening, securities trading and other value-added services.