Flood flash

A water pump station is seen at a flooded area after Ukrainian military forces opened a dam to flood an residencial area in order to stop advance of Russian forces. The intentional flooding of a small village north of Kyiv that created a quagmire and submerged cellars and fields, but prevented a Russian attack on the capital, was worth all the sacrifice, residents said. Ukrainian forces opened a dam early in the war in Demydiv, causing the Irpin River to flood the village and thousands of acres around. The move has since been credited with stopping Russian soldiers and tanks from breaking through Ukraine's lines. "Of course, it was good," said a man who lives in the village, but would not reveal his name. "What would have happened if they (Russian forces) …. were able to cross the little river and then went onto Kyiv?" More than a third of some fields have been flooded, said another man, who also did not reveal his name. Close Some two months later, people … [Read more...] about Ukraine village flooded intentionally to prevent Russian attack

Bangkok has flooded in many areas after 10 hours of torrential rain beginning at 3pm yesterday and continuing into the early hours of this morning, according to the Department of Drainage and Sewage. The most affected areas are Chatuchak, Lak Si, Don Mueang and Lat Phrao. In some places, the water level has reached higher than 1 metre. The floods caused traffic jams this morning, namely at Ratchayothin Intersection and Ratchadapisek – Lat Phrao Intersection. Now, the roads are starting to return to normal. However, some sections of the roads may still be flooded, so bear this in mind if you are driving in Bangkok today. The Department of Drainage and Sewage reported that flood solution projects are going ahead in Bangkok and should be completed in many areas by the end of May. The projects will definitely help alleviate Bangkok’s flooding situation this monsoon season, according to the department. SOURCE: CH7 Get more from The Thaiger FREE APP: ANDROID or iOS … [Read more...] about Flooding in Bangkok after 10 hours of torrential rain

The Railways has short terminated/cancelled 29 trains because of the downpour. (Representational image) Assam has been hit by incessant rains and landslides. At least three people have died in the state and transportation has been hit. The Railways has short terminated/cancelled 29 trains because of the downpour. Check the full list of cancelled trains below: Trains have been further cancelled or partially cancelled. @ANI @PIB_Guwahati @PIBAgartala @ddnewsagartala @ddnews_guwahati @airnews_ghy @airnews_agt @airnews_silchar @silcharNOW @News18Northeast @DY365 @DimahasaoPolice @DimaDipr @cacharpolice @diprassam @RailMinIndia https://t.co/qk4ijqIWLl pic.twitter.com/9DvdyDPpJ5 — Northeast Frontier Railway (@RailNf) May 15, 2022 Close Dima Hasao, Cachar and Karbi Anglong districts have been the worst-hit by the deluge. In Dima Hasao, the Indian Air Force rescued over 100 passengers from a railway station on May … [Read more...] about Rain, landslides hit Assam. Check full list of cancelled trains

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined $1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co.’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC Hopefuls Have Nowhere to Turn As IPO Market Shuts

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined US$1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC hopefuls have nowhere to turn as IPO market shuts

What does it take to trigger a crash in the stock market? A once-in-a-century pandemic? The biggest war in Europe in 70 years? The US Federal Reserve instantaneously cutting off the supply of the opium of record liquidity and low interest rates? Multi-year high inflation? How about black magic? The Oxford Dictionary defines black magic as a type of magic that is believed to use the power of the devil in order to do evil. In a world where boring financial data, profit and loss statements, and complex macroeconomic events sway the everyday movement of stock prices and stock indices, one Rajkot-based stockbroker claimed last week that he spent more than Rs 8 crore to engineer a multi-day crash in the stock market with the help of esoteric black magic. Close “We are responsible to a great extent for today’s fall and the fall of the past few days in the market. You won’t believe it, but we have spent over Rs 8.5 crore today in kala jadu (black magic) to create … [Read more...] about A lone bear, black magic and a $235 billion stock market crash