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Almost 50 people die as train crashes near Hualien City at the start of holiday weekend. Dozens of people have been killed in a train derailment on the east coast of Taiwan, the island’s worst rail disaster in decades.The 408 Taroko Express was travelling south on the first day of a long weekend, carrying hundreds of passengers towards Taitung, when it crashed inside a tunnel just outside Hualien City at about 9.30am local time, authorities said. Read more HERE
Islamist militants seized control of a town in northern Mozambique, killing several people including at least one foreign worker, near a huge gas project involving France’s Total and other energy companies, security sources said on Saturday.Militants raided the town of Palma in the northern province of Cabo Delgado on Wednesday, forcing nearly 200 people including foreign gas workers to be evacuated from a hotel where they had sought refuge. Read more HERE
If economies recover and stimulus turbocharges pent-up demand, a lot of bank credit could result from central bank money. The increasing risk of a return of inflation in the US and Europe is beginning to galvanise debates among economists.One key source of inflation fears is the expectation that, once the Covid-19 pandemic has been overcome by vaccines, pent-up demand will explode in an orgy of consumption. Read more HERE.