Germany to Walk Back Charging Goal as People Plug EVs at Home
Germany is quietly dropping its goal of having one million electric-car charging stations on streets and at supermarkets
2023-06-08 13:20
Australian’s Biggest Lender Plans to Curb Payments to Crypto Exchanges
Australia’s banking sector is making it harder to transfer funds to cryptocurrency exchanges, citing the risk of scams.
2023-06-08 13:17
Starmer Vows to Boost UK Steelmaking as He Makes Pitch for Power
UK opposition leader Keir Starmer will commit his Labour Party to boost domestic steel-making as he battles to
2023-06-08 13:15
Marketmind: O Canada! Markets wary of Fed hawkish surprise
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another surprise hike. After
2023-06-08 12:50
Russian Elite Is Souring on Putin’s Chances of Winning His War
A mood of deepening gloom is gripping Russia’s elite about prospects for President Vladimir Putin’s war in Ukraine,
2023-06-08 12:15
Europeans Reluctant to De-Risk From ‘Partner’ China, Survey Says
Most Europeans consider China a key economic partner despite seeing limits to the relationship, according to a survey
2023-06-08 11:59
TikTok Seeks $20 Billion E-Commerce Business Despite US Setback
ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much
2023-06-08 09:23
Fallen Crypto Mogul Do Kwon Could Face Jail in South Korea and the US, Prosecutor Says
The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his
2023-06-08 09:22
Oil Steady After Mixed Stockpile Data as Demand Concerns Linger
Oil steadied as investors weighed mixed US data on crude and petroleum stockpiles amid persistent concerns over the
2023-06-08 08:52
Bonds Everywhere Are Suffering as Rate-Hike Fears Swamp Traders
Bonds are slumping from the US to Australia as early hawkish signs from this month’s slew of central-bank
2023-06-08 08:52
Asia Stocks Set to Fall as Fed Rate Wagers Upended: Markets Wrap
Stocks in Asia are poised to open lower in the wake of a slide on Wall Street as
2023-06-08 07:28
Mapped: The damage caused by Ukraine’s devastated dam
War-torn Ukraine is reeling from the collapse of the Nova Kakhovka hydroelectric dam, which saw its reservoir burst causing chaos for miles around. The catastrophe on Tuesday forced thousands of residents of nearby towns and villages to evacuate their homes as the floodwater barrelled towards them and left some climbing onto rooftops or into trees to escape the raging torrents. Hundreds of thousands more have been left without access to clean drinking water in the region as a result of the eco-disaster on the Dnipro River, prompting relief workers to rush fresh supplies to the area as they struggle with the problems of mass resettlement. While the official tallies report that over 2,700 people have fled from flooded areas on both the Ukrainian and Russian-controlled sides of the river, a true picture of the disaster has yet to emerge given that more than 60,000 people live in the vicinity. Kyiv has blamed Russia for deliberately destroying the Soviet-era infrastructure, with Moscow, inevitably, protesting its innocence and contemptuously suggesting that Ukrainian saboteurs are responsible. Ukraine’s president Volodymyr Zelensky has called the incident “a war crime” and the “largest man-made environmental disaster in Europe in decades”. Russia would certainly appear to have the most to gain from the disaster and President Zelensky did warn as long ago as last November that he believed enemy soldiers had mined the dam and were plotting its destruction. He reiterated that stance in a tweet on Tuesday: “It is physically impossible to blow it up somehow from the outside, by shelling. It was mined by the Russian occupiers. And they blew it up.” For now though, the priority remains coming to the aid of the stricken people of Kherson. Ukraine’s deputy prime minister Oleksandr Kubrakov has warned of the threat to their wellbeing posed by hazardous chemicals and infectious diseases carried by the water as well as from landmines previously placed near the war’s frontline, which have been disturbed by the floods and are now likely to explode. The water in the reservoir feeds a wide area of southern Ukrainian farmland, including the annexed peninsula of Crimea, as well as providing all-important cooling water to the Russian-held Zaporizhzhia nuclear plant, lying nearby as indicated on the map below. A United Nations nuclear watchdog has attempted to reassure the public by saying that there is “no immediate risk” to the plant, even if it were to run out of water for its cooling systems. There is no such good news for the region’s farmers, however, with the flooding expected to spell instant disaster for this year’s harvest: crops are likely to be washed away, fields left waterlogged and livestock drowned in water that is at serious risk of being contaminated by machine oil, already seen gushing into the Dnipro. The depleted reservoir is also considered unlikely to be able to supply adequate irrigation to the surrounding fields for several years to come, a huge setback for Ukraine’s eventual hopes of economic recovery. All of which is also likely to have consequences for a global food market that has increasingly relied upon Ukraine for the supply of agricultural produce since the end of the Cold War. “There is no doubt that this will lead to large-scale environmental, economic and human consequences,” Mykhailo Podolyak, a chief adviser to President Zelenksy, told The Independent. “The instantaneous death of a large number of fish and animals, the waterlogging of drained lands, and the change in the climatic regime of the region, will later be reflected in the food security of the world. “A one-time reduction of water in a huge reservoir will lead to unpredictable ecological consequences.” Mr Podolyak warned that he expected the floodwaters to reach Mykolaiv, lying 56 miles from the dam and decried the drowning of the entire population of animals at the Kazkova Dibrova zoo on the Russian-held eastern bank of the river as particularly tragic. President Zelensky has already rebuked the officials installed by Moscow to run occupied territories along that bank for failing to respond adequately to the emergency. The Russian authorities he criticised have conceded that they have evacuated fewer than 1,300 people so far in an area where as many as 40,000 people were said to be affected. That compared unfavourably with the estimated 1,700 evacuated on the Ukrainian side to the west, where the population was reportedly around 42,000. According to the independent Russian news outlet Vyorstka, residents of the Moscow-run village of Oleshky, for one, remain stranded, the publisher quoting one woman as saying that her mother, who could not make it to the roof, was in the water clutching a ladder. A volunteer confirmed to Vyorstka that those still awaiting evacuation included children and disabled people. Civilians in Kherson itself were seen clutching personal belongings as they waded through knee-deep water in the streets and rode rubber rafts. Video on social media showed rescuers carrying others to safety and what looked like the triangular roof of a building floating downstream. Aerial footage showed flooded streets in the Russian-controlled city of Nova Kakhovska itself, where Mayor Vladimir Leontyev said seven people were missing, although they were believed to be alive. But perhaps most striking of all has been the aerial shots of the region captured by Maxar Technologies, which give the fullest picture of the damage done seen so far. Additional reporting by agencies Read More Ukraine-Russia war news – live: Exploding mines float through floodwater after Kherson dam attack Massive destruction after Ukraine dam collapse revealed in new satellite images Watch view of flooding in Kherson after destruction of Dnipro river dam The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-06-08 06:28