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Floodwater, landslide sweep houses, farmland, disrupt traffic in southwest China

China

China

China

Floodwater, landslide sweep houses, farmland, disrupt traffic in southwest China

2024-07-15 22:24 Last Updated At:23:27

Continuous heavy rain in southwest China's Sichuan Province and Chongqing Municipality induced flood and landslides on Sunday, sweeping houses, farmland, disrupting traffic and leaving residents stranded.

At Tianjia Town, Sichuan's Neijing City, the floodwater overflowed swollen rivers to submerge streets, houses and farmland.

In response, the local armed police rushed to the flood-hit regions with various rescue equipment and boats to evacuate residents stranded in the flood.

As of 20:00 Sunday, the armed police officers, firemen, militiamen and other police officers had transferred more than 3,700 people of the town to safe places.

Heavy rain also triggered a landslide in Chongqing's Kaizhou District on Sunday, blocking the traffic of a highway which was still closed by 09:00 Monday.

Nearly 200 meters of the road were buried by the rubble of the landslide.

The police closed the road temporarily and the local government arranged staff members to stand guard at the road section around the clock.

The rain stopped on Monday morning and repair work would begin when conditions permit.

On Sunday noon, a senior citizen was stopped on his way to hospital due to the landslide.

Upon receiving an emergency call from his family for help, police officers rushed to the site and successfully transferred the patient to the ambulance after 20 minutes of effort.

Floodwater, landslide sweep houses, farmland, disrupt traffic in southwest China

Floodwater, landslide sweep houses, farmland, disrupt traffic in southwest China

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ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

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