Economic shock of pandemic "worse than global financial crisis": IMF
The International Monetary Fund chief on Friday stressed the gravity of the economic impact of the coronavirus pandemic, calling it "way worse than the global financial crisis" of 2008.The IMF has joined forces with the World Health Organization to tackle the impact of COVID-19, which has resulted in more than 50,000 deaths worldwide amid over 1 million infections.IMF Managing Director Kristalina Georgieva said the Washington-based institution stands ready to use what she calls a "$1 trillion war chest" to any extent necessary to protect the global economy.She emphasized that saving lives and ...
Judging the gravity of the coronavirus outbreak
Paris (AFP) - How serious is the coronavirus outbreak? What are its symptoms and how contagious is it? Experts studying the new virus, still have key questions to answer before they can assess its danger.The toll so farAs of Tuesday, more than 4,500 cases have been confirmed in China, its country of origin, of which 106 have been fatal. Several cases have been detected in Asian countries, as well as a few in Australia, France and the United States.So far, no-one outside China has died, but both Germany and Japan on Tuesday confirmed cases of human-to-human transmission of the disease.2019-nCoV...
Stone stackers defy gravity at European championships
Expertly balancing one rock on top of another at the European Stone Stacking Championships, competitors combine skill and artistic creativity to come up with gravity-defying constructions.Now in its third year, the event takes place in the Scottish coastal town of Dunbar, east of the capital Edinburgh.Saturday's competition down on the Eye Cave Beach was all about quantity: the most stones balanced vertically in 30 minutes.Sunday's battle put the emphasis on artistic merit: creating anything from stones or found objects within three hours.The winner receives a trip to the Llano Earth Art Festi...
Company 'concealed' gravity of China chemical spill
Beijing (AFP) - The company responsible for a chemical spill that left dozens ill in east China "deliberately concealed" the extent of the leak, which was 10 times worse than reported, authorities said.The spill in Fujian province happened in the early hours of November 4 when a tube transferring the chemicals from a wharf to a tanker broke, spilling 69.1 tonnes of C9 aromatics into the sea.Fujian Donggang Petrochemical Company, the firm responsible for the incident, had previously reported just 6.97 tonnes."From the start, Donggang Petrochemical deliberately concealed, maliciously colluded, a...