The total damage from the tsunami in the past 20 years, which led to the death of 251,770 people, amounted to 280 billion dollars, according to a UN study. The most significant damage caused by the tsunami was observed on the coasts of the Indian and Pacific Oceans. For comparison, the study cites data for the previous 20 years, when 998 people died because of the tsunami, and the damage amounted to 2 billion 700 million dollars. The last tsunami that hit the Indonesian island of Sulawesi on September 28 led to the death of 2 thousand people. 70 thousand houses were completely destroyed. The World Tsunami Awareness Day, which is celebrated annually on November 5, increases people's awareness of the risks associated with the probability of tsunami recurrence in order to prevent people from dying.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...