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One third of Pakistan under water following historic floods

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One third of Pakistan is under water following heavy rainfall

Historic floods in Pakistan have left 75 people dead over the past 24 hours, with the death toll expected to rise.

Pakistan’s climate minister, Sherry Rehman, describes the scene as “one big ocean…There’s no dry land to pump water out.”

Rehman says it’s a “crisis of unimaginable proportions” that has never been seen before, with up to 500,000 people displaced.

The dangerous floods have damaged homes, crops and roads. This has impacted the countries food resources and the ability for planes to arrive and depart.

Photo Credit: Al Jazeera

The Government says the record rainfall has been fuelled by worsening climate change and will appeal to the United Nations for urgent help.

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Leaders

Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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Leaders

Trump promises to slap unprecedented tariffs on foreign allies

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Former President Donald Trump has promised to slap unprecedented Tariffs on foreign allies, including the European Union, if he wins the 2024 presidential election.

Trump pledged to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S.

While he had already said he wanted to cut the corporate tax rate to 15%, he had not previously tied that lower rate to keeping manufacturing inside the country. #featured #trending

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