Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Hong Kong streets, metro flooded by heaviest rain in 140 years

Published

2 years ago

on

Hong Kong experienced extreme rainfall on Friday, resulting in widespread flooding across the densely populated city.

Streets, shopping malls, and metro stations were submerged in water, leading authorities to close schools and advise workers to stay home.

This Chinese special administrative region witnessed the highest hourly rainfall ever recorded in its 140-year history, causing cascades of water to flow down its mountainous terrain.

Authorities issued warnings of potential landslides due to the heavy rain.

Videos circulated on social media depicted streets transformed into torrents, and one clip showed metro workers wading through waist-deep water in a station, attempting to manage the flow of water pouring down from street level.

The city’s crucial cross-harbour tunnel, connecting Hong Kong Island to Kowloon, also faced significant flooding. Images revealed a waterlogged shopping centre in the Chai Wan district.

Between 11 p.m. HKT on Thursday and midnight on Friday (1500 to 1600 GMT on Thursday), the Hong Kong Observatory reported a rainfall of 158.1 millimetres (6.2 inches).

The weather bureau issued the highest-level “black” rainstorm warning and recorded over 200 mm of rainfall in various parts of Hong Kong since Thursday night.

The extreme weather conditions resulted from the remnants of Typhoon Haikui and the associated low-pressure system, which brought heavy rain to China’s Guangdong coast since Thursday.

The adverse weather was expected to persist until at least noon on Friday, leading to the closure of Hong Kong’s stock exchange for the morning session.

If the “black” rainstorm warning remains in effect by noon, the exchange will remain closed for the afternoon session as well.

Hong Kong’s leader, John Lee, expressed deep concern over the extensive flooding and instructed all departments to respond with “all-out efforts” to address the situation.

Additionally, some passenger and cargo clearance points at two border control points between Hong Kong and the neighbouring city of Shenzhen were suspended due to flooding, as reported by the government.

In the Wong Tai Sin district, vehicles struggled to navigate a major road submerged in water.

Hong Kong’s MTR Corp, responsible for the city’s rail network, announced the closure of at least one rail line, with others operating on delayed schedules due to the adverse weather conditions.

Related Topics:
Continue Reading

News

Carney’s Liberals poised for Canadian election victory

Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

Published

8 hours ago

on

April 29, 2025

By

Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

In Short

Canadians are likely to re-elect Prime Minister Mark Carney and the Liberal Party, aiming to tackle economic challenges and U.S. relations.

Carney’s leadership has gained voter support, positioning him against Conservative rhetoric and focusing on strengthening Canada’s economy and trade ties.

Canadians are projected to retain the Liberal Party under Prime Minister Mark Carney in the recent national elections.

Carney, a former central banker, is expected to address economic challenges and respond to U.S. President Donald Trump’s claims about Canada’s economy.

The Liberals aim for a fourth term, although it is uncertain if they will secure a majority. Carney took over as Prime Minister following Justin Trudeau’s resignation earlier this year.

The Conservatives were leading by over 20 points in January but the political landscape shifted after Trump’s return. Carney positioned himself as the candidate capable of managing relationships with the U.S. and rebuilding Canada’s economy, which heavily depends on American demand.

Leadership skills

Polling data indicated a turning tide for the Liberals, as voters appreciated Carney’s leadership skills. After a conversation with Trump, Carney mentioned plans to discuss a new economic and security agreement post-election.

He plans to increase military investment while maintaining Canadian sovereignty on key issues like resources and language laws.

Carney has emphasised the need to enhance trade ties with Europe and Asia, aiming to reduce barriers within Canada. With his background in finance during critical periods, he aims to bring confidence back to the economy through tax reforms and targeted spending.

Pierre Poilievre’s Conservative rhetoric reportedly alienated some voters, amplifying support for Carney as the viable choice against Trump’s influence.

Continue Reading

News

National Top 10 Best Buyers Report: Terry Ryder’s Surprising Picks for Investors

Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.

Published

10 hours ago

on

April 29, 2025

By

Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.


In this episode, Terry Ryder breaks down the National Top 10 Best Buyers Report, sharing how he identifies locations with long-term potential and future capital growth — beyond today’s “hot” markets. Discover why Darwin is a standout and why Melbourne is back on the radar. Plus, get his advice for first-time property investors and an exclusive discount on the report!

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#PropertyInvestment #RealEstate #Hotspotting #InvestmentTips #NationalTop10 #CapitalGrowth #RealEstateAustralia #FirstHomeBuyers

Continue Reading

News

U.S. Treasury Secretary warns China to urgently fix trade tensions

Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.

Published

11 hours ago

on

April 29, 2025

By

Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.


Treasury Secretary Scott Bessent has put the pressure firmly on China to take steps to reduce escalating trade tensions, stressing the heavy reliance of China’s economy on exports to the United States.

Bessent warned that current high tariff levels are unsustainable and shared optimism about negotiation breakthroughs with other nations, notably a potential trade deal with India.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#TradeTensions #ScottBessent #ChinaTrade #GlobalEconomy #TickerNews #Tariffs #EuroSurge #IndiaDeal

Continue Reading

Trending Now