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Irish shares jump as tweaks to deal raise smooth Brexit hopes

The German share price index DAX graph at the stock exchange in Frankfurt
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 11, 2019. REUTERS/Staff

March 12, 2019

By Helen Reid

LONDON (Reuters) – Irish shares outperformed the rest of the euro zone on Tuesday after Britain and the European Union agreed tweaks to Britain’s withdrawal agreement that eased some fears of no-deal Brexit on March 29.

Dublin’s ISEQ climbed 1.4 percent, set for its biggest gain since Feb. 5 and outdoing a 0.1 percent rise in the STOXX 600. The DAX erased early gains to trade flat by 0930 GMT.

Britain’s FTSE 100 fell 0.1 percent as a surge in sterling after British Prime Minister Theresa May won last-minute assurances from the European Union weighed on the multinational exporters that dominate the index. In euro terms, the FTSE 100 has been outperforming European peers.

British lawmakers who rejected May’s withdrawal agreement in January are due to vote on the Brexit deal again on Tuesday.

“It’s difficult to say if this will be enough to see the deal passed tonight, but at least the probability has been increased by this addition to the existing contract,” said Britta Weidenbach, head of European equities at German asset manager DWS.

“The market will probably only react to this in a more positive way once we know what the outcome is going to be.”

Hopes of a smooth outcome to the long Brexit divorce process boosted British housebuilder and bank shares, with Lloyds, RBS and Persimmon among the top European gainers.

With earnings season nearing an end, results were down to just a trickle.

Swiss drug retailer Galenica led gains, jumping 7.2 percent after full-year earnings and dividend beat the market’s expectations.

German carmaker Volkswagen fell 0.6 percent after reporting a decline in operating margins for its core VW brand and announcing it would introduce almost 70 new electric models by 2028.

French engineering firm Spie rose 4.4 percent after reporting stronger-than-expected net income.

Dutch payments firm Adyen dropped 5 percent after pre-IPO investors sold 2.5 million shares at a 9 percent discount.

Shares in Swiss toilet and plumbing supplies maker Geberit fell 2.3 percent after the company said it saw a challenging 2019 because of Brexit and political uncertainty in Italy.

Overall, the fourth-quarter earnings season has been underwhelming. Over the past four months, analysts have cut their earnings growth expectations for 2019 from 9 percent to just 5 percent.

Outside results, Telecom Italia shares fell 3.5 percent to the bottom of the FTSE MIB as a battle between two of its top shareholders, Vivendi and Elliott, ramped up ahead of an AGM later in the day.

Construction materials group Saint-Gobain got a boost from Barclays upgrading it to “overweight”, while Finland’s Konecranes rose 5.4 percent after UBS raised it to “buy”.

Among small-caps, German steel trader Kloeckner & Co climbed 12.4 percent after saying it expects higher sales and core earnings this year.

Swiss baked goods firm Aryzta jumped 10.9 percent after it reported its U.S. margin grew for the first time since 2014.

But shares in Italian luxury goods company Tod’s fell 3.2 percent after it reported a 26 percent decline in profit as marketing costs rose.

(Graphic: Europe earnings growth expectations MARCH 12 link: https://tmsnrt.rs/2UEKSck).

(Reporting by Helen Reid, editing by Larry King)

Source: OANN

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EU tells small businesses to brace for tax burdens in event of no-deal Brexit

FILE PHOTO: A river boat cruises down the River Thames as the sun sets behind the Canary Wharf financial district of London
FILE PHOTO: A river boat cruises down the River Thames as the sun sets behind the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson/File Photo

February 18, 2019

BRUSSELS (Reuters) – The European Union on Monday told small businesses to prepare for more bureaucracy and costs should Britain crash out of the bloc without a deal, the latest step in its contingency plans reflecting the potential impact of a hard Brexit.

Economy Commissioner Pierre Moscovici said the risk of a no-deal Brexit was increasing and that checks on goods moving between the EU and the United Kingdom would be introduced immediately should that scenario come true.

“This is key to protecting our consumers and our internal market. A lot depends on the ability of businesses trading with the UK to get up to speed with the customs rules that will apply on day one in case of no deal,” he said in a statement.

The bloc’s executive European Commission said companies dealing with Britain must prepare for customs formalities and duties and take into account the need for import/export licenses and more restrictive VAT arrangements if World Trade Organisation rules come into effect.

With just 39 days left to Brexit, the ratification of the EU-UK divorce agreement has stalled in the British parliament, raising the risk that Britain could depart with no agreement in place to cushion the economic disruptions.

Negotiators from both sides are meeting in Brussels on Monday to seek a way out of the stalemate, and British Prime Minister Theresa May is expected in the EU’s political hub later in the week.

(Reporting by Gabriela Baczynska; Editing by Hugh Lawson)

Source: OANN

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List: All The Fake Hate Crimes Of The Democrats Since Trump’s Election

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Source: InfoWars

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U.S. high court to hear historic electoral map manipulation cases

FILE PHOTO: The Supreme Court building is seen from the U.S. Capitol in Washington
FILE PHOTO: The Supreme Court building is seen from the U.S. Capitol in Washington, U.S., February 15, 2019. REUTERS/Joshua Roberts/File Photo

March 26, 2019

By Andrew Chung and Lawrence Hurley

WASHINGTON (Reuters) – In two cases that could reverberate through U.S. politics for years to come, the Supreme Court is set on Tuesday to hear arguments over the contentious practice of manipulating electoral district boundaries to entrench one party in power.

The justices last year failed to deliver a definitive ruling on the legality of the practice, called partisan gerrymandering. They will get another chance in cases challenging North Carolina’s Republican-drawn statewide U.S. House of Representatives map and a single Democratic-drawn House district in Maryland.

Critics have said gerrymandering has become increasingly effective and insidious by using precise voter data and powerful computer software. The result in many states has been the creation of electoral districts, sometimes oddly shaped to include or exclude certain localities, that maximize one party’s chances of winning and diluting the clout of voters who tend to support the other party.

Gerrymandering also tends to foster the election of candidates with more extreme views at the expense of moderates, according to critics, adding to U.S. political polarization.

The two cases are among the most important that the court will consider in its current term, with rulings due by the end of June. The outcome could impact U.S. elections for decades either by allowing federal courts to curb partisan gerrymandering or by removing their power to do so, giving gerrymandering-minded state legislators a freer hand.

Gerrymandering is carried out by cramming as many like-minded voters as possible into a small number of districts and spreading the rest in other districts too thinly to form a majority.

Plaintiffs in the two cases – Democratic voters in North Carolina and Republican voters in Maryland – have said the maps were drawn to diminish their voting power, violating their constitutional rights. In both cases, lower courts ruled that the contested districts violated the U.S. Constitution’s guarantee of equal protection under the law, the right to free speech and association, or constitutional provisions governing elections.

While the Supreme Court, which currently has a 5-4 conservative majority, has ruled in the past against gerrymandering intended to harm the electoral clout of racial minorities, it has never reined in gerrymandering carried out purely for partisan advantage.

Some conservative Supreme Court justices have been skeptical that courts could properly measure when maps are too partisan. In a 2004 case, former Justice Anthony Kennedy, a conservative who sometimes voted with the liberals in key cases, left open the door for a “workable standard” to be found.

Kennedy retired last year and was replaced by Republican President Donald Trump’s conservative appointee Brett Kavanaugh, whose views on gerrymandering are unknown.

North Carolina’s Republican legislators have said judges are not equipped to determine how much politics is too much in electoral line-drawing. Plaintiffs have said turning away gerrymandering claims would be a green light for even more ruthless redistricting.

The North Carolina case focuses on how Republican legislators reworked House districts in 2016 to ensure that 10 Republicans were elected to House seats, compared to just three Democrats, in a state whose voters are closely divided between the two parties. Noting that partisan gerrymandering was not illegal, Republicans were open about their intent.

(To see a graphic showing the effect of the plan in Greensboro, North Carolina, click here: https://tmsnrt.rs/2HC8mvU)

“I think electing Republicans is better than electing Democrats,” state House Representative David Lewis said at the time.

Using those words as evidence, more than two dozen Democratic voters, the North Carolina Democratic Party and two groups that advocate for fair elections sued.

In the Maryland case, Republican voters sued after the Democratic-controlled legislature redrew boundaries of their House district in a way that removed Republican-leaning areas and added Democratic-leaning areas. The move flipped the seat from Republican to Democrat.

Legislative districts across the country are redrawn to reflect population changes determined by the federal census each decade. In most states, redistricting is done by the party in power, though some assign the task to independent commissions in the interest of fairness.

(Reporting by Andrew Chung; Editing by Will Dunham)

Source: OANN

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Poland seeks to prosecute communist-era judges, prosecutors

Poland's justice officials say they are seeking to prosecute seven communist-era judges and prosecutors who imprisoned pro-democracy fighters in the 1980s.

Justice Minister Zbigniew Ziobro said Tuesday that authorities want to lift the immunity of the seven, who "lawlessly deprived of freedom" those protesting the 1981 communist-imposed martial law. He said the aim was to bring them to justice. He did not disclose their identities.

It was not clear when the motions, written by special history-focused prosecutors, would be sent to court.

Poland's right-wing ruling Law and Justice party, which has introduced controversial charges to the justice system, has made it a priority to punish and remove from public life justice officials of the communist era. It argues it is acting in the interest of the victims.

Source: Fox News World

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China accuses US of prejudice over human rights issues

China has responded to new U.S. allegations of widespread human rights abuses with its own accusations of prejudice and interference, saying the situation of rights in the country has "never been better."

In presenting the annual U.S. State Department report on human rights around the world, U.S. Secretary of State Mike Pompeo said Wednesday that China "is in a league of its own when it comes to human rights abuses," citing mass detentions of Muslims and repression of other religious minorities.

At a daily briefing on Thursday, Chinese foreign ministry spokesman Lu Kang dismissed the report as similar to previous years and "full of ideological prejudice." He said it disregarded facts and made "groundless allegations" against China, and he praised the advancement of rights in the country.

Source: Fox News World

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Brexit talks with Labour must be free of ‘big red lines’: Hunt

Britain's Foreign Secretary Jeremy Hunt attends a news conference on media freedom as part of the G7 Foreign Ministers' meeting in Dinard
FILE PHOTO - Britain's Foreign Secretary Jeremy Hunt attends a news conference on media freedom as part of the G7 Foreign Ministers' meeting in Dinard, France, April 5, 2019. REUTERS/Stephane Mahe

April 8, 2019

LUXEMBOURG (Reuters) – The British government and the opposition Labour Party should avoid “big red lines” in their discussions to resolve Brexit, British Foreign Minister Jeremy Hunt said on Monday.

Talks between the government and Labour to break the impasse are due to continue on Monday.

“You can’t go into any of those discussions with big red lines because otherwise there’s no point in having them. But we are very clear about the type of Brexit we want. That’s in our manifesto and we’ve made that clear,” Hunt told reporters before a meeting of EU foreign ministers in Luxembourg.

“What I’ll be saying to my colleagues in the European Union today is that you can see from this that Theresa May is leaving no stone unturned to try and resolve Brexit. They want Brexit to be resolved as quickly as possible, so do we, so do the British people,” Hunt said.

(Reporting by Robin Emmott in Luxembourg and Philip Blenkinsop in Brussels; editing by Francesco Guarascio)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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