BERYL DAMAGE
![U.S heading for a recession? Here are all the key indicators that point towards it](https://img.etimg.com/thumb/msid-112240623,width-100,height-75,resizemode-4/news/international/us/u-s-heading-for-a-recession-here-are-all-the-key-indicators-that-point-towards-it.jpg)
U.S heading for a recession? Here are all the key indicators that point towards it
Despite a 2.5% U.S. GDP growth, concerns about global economic impacts from China's slowdown have been rising for weeks.
![A $1 trillion time bomb is ticking in America's housing market](https://img.etimg.com/thumb/msid-112239489,width-100,height-75,resizemode-4/news/international/business/a-1-trillion-time-bomb-is-ticking-in-americas-housing-market.jpg)
A $1 trillion time bomb is ticking in America's housing market
David Burt, who foresaw the 2008 financial crisis, warns of a new housing crisis driven by climate change. His research indicates US homeowners' wildfire and flood risks are underinsured by $28.7 billion annually. This situation threatens 17 million homes and may result in $1.2 trillion of value destruction in vulnerable communities.
![Hurricane tracker: When will next Hurricane hit the US?](https://img.etimg.com/thumb/msid-111969247,width-100,height-75,resizemode-4/news/international/us/hurricane-tracker-when-will-next-hurricane-hit-the-us.jpg)
Hurricane tracker: When will next Hurricane hit the US?
Hurricane forecast for the month of August is not positive as situation may become conducive for formation of a tropical storm.
![Azerbaijan climate talks to focus on enhancing ambition, enabling action amid rising temperature](https://img.etimg.com/thumb/msid-111836722,width-100,height-75,resizemode-4/news/international/world-news/azerbaijan-climate-talks-to-focus-on-enhancing-ambition-enabling-action-amid-rising-temperature.jpg)
Azerbaijan climate talks to focus on enhancing ambition, enabling action amid rising temperature
In an 11-page letter, Azerbaijan’s Minister for Ecology and Natural Resources and COP29 President Mukhtar Babayev lays out the Azerbaijani presidency’s vision, priorities and plans for the climate talks to be held in Baku in November.
![Oil prices steady amid falling US inventories, weak dollar](https://img.etimg.com/thumb/msid-111813357,width-100,height-75,resizemode-4/markets/commodities/news/oil-prices-steady-amid-falling-us-inventories-weak-dollar.jpg)
Oil prices steady amid falling US inventories, weak dollar
Oil prices rise on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker dollar overshadowed signs of weakening demand in China.
![Astronauts confident Boeing space capsule can safely return them to Earth, despite failures](https://img.etimg.com/thumb/msid-111653135,width-100,height-75,resizemode-4/news/science/astronauts-confident-boeing-space-capsule-can-safely-return-them-to-earth-despite-failures.jpg)
Astronauts confident Boeing space capsule can safely return them to Earth, despite failures
Helium leaks and thruster failures almost derailed their arrival at the International Space Station, and has kept them there much longer than planned. Now the earliest they could return may be the end of July, officials said. In their first news conference from orbit, the pair said they expect to return once thruster testing is complete here on Earth. They said they're not complaining about getting extra time in orbit, and are enjoying helping the station crew. Both have previously spent stints at the orbiting lab, which is also home to seven others.
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Oil steadies as OPEC keeps demand forecasts unchanged
Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) kept its growth forecast for oil demand unchanged for this year and next, while U.S. crude and gasoline inventories likely fell last week.
The great climate change wealth transfer is here
Signs of a turning point in humanity’s fossil fuel addiction are everywhere, from evidence that China’s emissions are peaking this year, to the ongoing failure of crude oil output to climb above levels it hit in 2018.
Oil rebounds as U.S. stockpiles drop, interest rate cut outlook brightens
Oil prices rebounded due to falling U.S. crude stockpiles and rate cut hopes. WTI and Brent futures rose. Investors anticipate economic growth from rate cuts. Powell's comments and limited Texas energy issues post-Hurricane Beryl supported prices. API and EIA foresee higher demand. Crude stocks fell by 1.923 million barrels on July 5. Gasoline inventories also decreased as ports reopened.
How hurricanes will change as the Earth warms
Hurricane Beryl struck the Grenadine Islands on July 1 as an early category 5 storm with unprecedented speed and intensity, attributed to warm ocean waters. Scientists forecast a record-breaking 2024 hurricane season with up to 25 named storms. The changing climate may lead to more major hurricanes and slower, stalled storms causing devastating flooding. Small island states like Dominica must confront the legacy of colonialism in building climate resilience.
Oil prices little changed, concerns about damage from hurricane ease
Hurricane Beryl minimally impacted Texas oil production, lowering prices. Brent fell to $85.71, WTI to $82.28. Texas, producing 40% of U.S. oil, saw Corpus Christi Ship Channel reopen and Port of Houston resuming operations. Gulf Coast refineries reported minimal impact. A potential Middle East ceasefire in Gaza, with U.S. officials in Egypt for talks, influenced the market.
Oil settles lower on worries Hurricane Beryl could hit US demand
Oil prices declined as Hurricane Beryl impacted U.S. refinaries, lowering Brent futures to $85.75. Gaza ceasefire hopes eased supply concerns. Texas faced significant damage; Kazakhstan to compensate for OPEC+ excess. China’s imports fell, India’s fuel consumption rose. Analysts, including Gelber and Ritterbusch, noted de-risking. U.S. and UK elections may influence outcomes.
What to know about Hurricane Beryl as it barrels across Texas
Hurricane Beryl, the earliest Category 5 hurricane on record in the Atlantic, made landfall near Matagorda, Texas, causing significant storm surges, strong winds, and heavy rain. The storm is expected to weaken quickly. Scientists link this severe hurricane season to record-breaking sea temperatures driven by climate change. Beryl's early formation and intensity highlight the increasing danger of hurricanes. Caribbean leaders call for better financing to combat climate impacts, while funds intended for climate aid are often redirected back to wealthy nations.
Which is this country that is increasingly supporting its President in the use of nuclear option in a volatile region of the world?
Russians are increasingly supporting their President’s plan to use the nuclear arsenal against Ukraine. There is growing support for this. The Russia-Ukraine war is intensifying.
Hurricane Beryl strikes Jamaica as Caymans, Mexico brace for storm's impact
Devastation and resilience marked Hurricane Beryl's path, with casualties reported in multiple countries. President Maduro's somber announcement, alongside Cancun's preparations under Velazquez's guidance, highlights the severity of the impending storm.
Hurricane Beryl kills five as it barrels towards Jamaica
Beryl is the first storm since US National Hurricane Center records began to reach the Category 4 level in June, and the earliest to reach Category 5 in July. A hurricane warning was in place for the island nation, according to the NHC, which said rain and flash flooding was to be expected in addition to the life-threatening wind and high water levels.
Team India's Return Date: When is Rohit Sharma and co returning after T20 World Cup win in Barbados?
The Indian cricket team, support staff, BCCI officials, and families are set to return home on Tuesday evening after being stranded in Barbados due to Hurricane Beryl. The airport is expected to reopen within six to 12 hours. Despite the disruption, the team's spirits remain high after their T20 World Cup victory against South Africa.
Team India stuck in Barbados as Hurricane Beryl shuts down airport, expected to open in next 6 to 12 hours
The Indian cricket team, stranded in Barbados after winning the T20 World Cup, may finally return home as Barbados Prime Minister Mia Mottley expects the airport to reopen within the next six to 12 hours. Hurricane Beryl had forced a shutdown, but Mottley is overseeing efforts to resume normal operations urgently. Despite damage to coastal areas, Barbados avoided a direct hit. Mottley acknowledged the team's patience and spirits after their victory, hopeful they will soon depart before the next hurricane arrives midweek.
Hurricane Beryl grows to Category 5 strength as it razes southeast Caribbean islands
Beryl made landfall on the island of Carriacou in Grenada as the earliest Category 4 storm in the Atlantic, then late in the day the National Hurricane Center in Miami said its winds had increased to 160 mph (260 kph). Fluctuations in strength were likely in the coming days as the storm pushed further into the Caribbean.
'Extremely dangerous' Hurricane Beryl intensifies in Caribbean, eyeing Jamaica
Hurricane Beryl intensified to a Category 4 storm with winds up to 155 mph, moving across the southeastern Caribbean on Monday. Jamaica is near its path, prompting a hurricane warning. The storm has caused power outages and flooding in several Caribbean islands. Beryl is expected to bring heavy rain to Barbados and the Windward Islands. Climate change is believed to be intensifying such storms, contributing to an unusually active hurricane season. Jamaica and Mexico are preparing for Beryl's impact, with warnings of potential flash flooding and infrastructure damage.
Hurricane Beryl closes in on southeast Caribbean after strengthening into dangerous Category 4 storm
Beryl was centred about 150 miles (240 kilometres) southeast of Barbados late Sunday. It had maximum sustained winds of 130 mph (215 kph) and was moving west at 20 mph (31 kph). It is a compact storm, with hurricane-force winds extending 30 miles (45 kilometres) from its centre.
Hurricane Beryl strengthens into a Category 4 storm as it nears the southeast Caribbean
Beryl was located about 335 miles (570 kilometers) east-southeast of Barbados. It had maximum sustained winds of 130 mph (215 kph) and was moving west at 21 mph (33 kph). It is a compact storm, with hurricane-force winds extending 15 miles (30 kilometers) from its center. Beryl is expected to pass just south of Barbados early Monday and then head into the Caribbean Sea as a major hurricane on a path toward Jamaica.
2024 Atlantic hurricane names, state-wise prediction, forecast for season
2024 tropical cyclone impact probability is higher in Texas, Louisiana, Mississippi, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, as per the report.
Former New York City Mayor Rudy Giuliani files for bankruptcy
Rudy Giuliani, after a jury's $150 million defamation ruling, filed for bankruptcy in New York. He faces debts of $100M-$500M with assets up to $10M, owing taxes and legal fees, a result of his post-2020 election actions. Giuliani's advisor cites Chapter 11 as an avenue for appeal and fair creditor treatment. A judge allowed immediate collection from him. Despite attempts to evade debt, his acknowledged defamation with malice complicates relief. Plaintiffs aim to secure assets like properties and investigate his financial ties, like with Newsmax.
Donald Trump faces setbacks in other probes as NY case proceeds
The vulnerability Trump faces in Washington alone has become clear over the past month, as judges in a succession of sealed rulings have turned aside the Trump team's efforts to block grand jury testimony - including from his own lawyer and his former vice president - from witnesses who were, or still are, close to him and who could conceivably offer direct insight into key events.
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