Magnitude 5.5 earthquake strikes China's Tibet
BEIJING: An earthquake of magnitude 5.5 struck Tibet early on Monday, the China Earthquake Administration (CEA) said.
The quake hit the city of Shigatse at 5:11 a.m. (2111 GMT), at a depth of 10 km (6.2 miles).
Authorities have dispatched emergency response services and no casualties have been reported so far, CEA said.
Earthquake of magnitude 6.0 strikes Northern Sumatra, Indonesia, GFZ says
In January, more than 120 died in a 6.8-magnitude earthquake that struck Tibet's Tingri county, around 240 km (149 miles) away from Shigatse.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
28-05-2025
- Business Recorder
Wheat rebounds on lower-than-expected US crop ratings
CANBERRA: Chicago wheat futures rose on Wednesday after US crop condition ratings came in below market expectations, but prices remained under pressure as improving weather conditions in several major producers bolsters the supply outlook. Corn futures also rose while soybeans edged lower. The most active wheat contract on the Chicago Board of Trade (CBOT) was up 1% at $5.33-1/2 a bushel, as of 0337 GMT. A short-covering rally lifted wheat from a five-year low of $5.06-1/4 earlier this month, but actual or forecast rain in the US Plains, parts of Europe, the Black Sea region and China have underlined expectations for plentiful supply, with prices plunging 2.6% on Tuesday. The US Department of Agriculture crop ratings released after market close on Tuesday showed only 45% of US spring wheat in good to excellent condition, below even the lowest in a range of analyst expectations. The USDA also said 50% of US winter wheat was in good to excellent condition, beneath the average analyst forecast but still the highest rating for this time of year since 2020. But global wheat demand is low and the risk to crop production will reduce further as northern hemisphere harvests ramp up, said Rod Baker, an analyst at Australian Crop Forecasters in Perth. PASSCO's wheat reserves will not be released into open market: minister 'Hefty short positions mean there's still time for a rally,' he said. 'But each day that goes by it gets less likely.' Commodity funds hold a large net short position in CBOT wheat and were net sellers on Tuesday, traders said. In other crops, CBOT soybeans were down 0.1% at $10.61-3/4 a bushel and corn climbed 0.3% to $4.60-3/4 a bushel. Corn and soybeans are under pressure from expectations of a large corn and soybean crop in Brazil, with agribusiness consultancy Datagro this week increasing its forecasts for the country's 2024/2025 crops. The USDA rated 68% of the US corn crop as good to excellent in its first condition ratings for the 2025 season, below the average estimate of 73% in a Reuters analyst poll.
Business Recorder
26-05-2025
- Business Recorder
Paris wheat pushed down by export-punishing euro strength
HAMBURG/PARIS: European wheat futures eased for a third straight session on Monday as a firmer euro reinforced export concerns while recent weather worries subsided. Volumes were light, with a holiday closure in Chicago depriving Euronext of its usual impetus. Benchmark September milling wheat on the Paris-based Euronext fell 0.7% to 205 euros ($233.27) a metric ton at 1516 GMT. The contract continued to move away from last Wednesday's one-month peak of 213 euros and drift back towards a contract low of 201 euros struck two weeks ago. Wheat rallied early last week as concerns over adverse weather in Russia and China encouraged short-covering by speculators. But traders have since played down the risk of significant crop damage while weak export demand has also cooled the market. The euro rose to a one-month high against the dollar. 'The euro is weighing a touch today,' a futures dealer said. The European Union's crop monitoring service MARS increased marginally its outlook for this year's soft wheat yield in the European Union, citing beneficial rain in southern Europe and limited effects so far from a prolonged dry spell in northern Europe. 'There is very little demand in the market, with the Black Sea seeming to receive what purchase interest is present,' one German trader said. 'Overall, importers expect good crops in Russia, Ukraine and the EU and are waiting for harvest-time downward pressure on prices.' Substantial rain fell in drought-hit north German wheat regions over the weekend, calming fears of dryness stress to crops. 'The big immediate fear about dryness damage has been removed,' another German trader said. 'But much of north Germany has only received about 30% of its normal rainfall so far this year. Overall, north Germany still has a water deficit and more rain is needed in coming weeks.'
Business Recorder
24-05-2025
- Business Recorder
UAE hits record May temperature of 51.6°C
DUBAI: The United Arab Emirates breached its May temperature record for the second day in a row, hitting 51.6 degrees Celsius on Saturday, according to the National Center of Meteorology. 'The highest temperature recorded over the country today is 51.6C in Sweihan (Al Ain) at 13:45 UAE local time (0945 GMT),' the office said in a post on X, 1.2C hotter than the temperature recorded on Friday in the Abu Dhabi area. Both those temperatures exceeded a previous record for the month of 50.2 Celsius recorded in May 2009, according to the meteorology office. The desert nation, a top global oil exporter, lies in one of the planet's hottest regions and one which is particularly vulnerable to climate change. Scientists have shown that recurring heatwaves are a clear marker of global warming and that these heatwaves are set to become more frequent, longer and more intense. The number of extremely hot days has nearly doubled globally in the past three decades. According to a 2022 Greenpeace study, the Middle East is at high risk of water and food scarcity as well as severe heat waves as a result of climate change. The report, which focused on six countries including the UAE, found the region was warming nearly twice as fast as the global average, making its food and water supplies 'extremely vulnerable' to climate change.
