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Pakistan's heaviest flood, China's worst drought put nations in severe crisis, Huawei's founder sparks economic alarm

Image by J Lloa from Pixabay (for representation purpose)

Worst flood hits Pakistan as heaviest rain continues, 1000s displaced, millions affected

Pakistan has declared a national emergency after it suffered the worst flood in decades. The disaster has already claimed over 1000 lives, displaced thousands and affected millions. The country is struggling to manage its worst hit areas, which include Sindh province of southern Pakistan. Army and rescue organizations are helping in the evacuation of thousands. Some areas have witnessed somewhere between 450% and 800% more rains than average. Large parts of Balochistan is submerged in water and highways and bridges have been swept away by flood water. 


Huawei's founder's leaked memo sparks speculation on global economic meltdown

As per Ren Zhengfei's internal memo, which went viral over social media sites, he does not appear very optimistic about the world economy in the near future. His memo states, "The next decade will be a very painful historical period, as the global economy continues to decline." He also advises his company to focus on survival with quality and earn a little more wherever possible; and reduce any overly optimistic expectations until 2023-2025. "...marginal businesses will be shrunken and closed, and the chill will be felt by everyone.," was his memo's final stroke.


China's heat wave and drought broke all records, country in power crisis

China has witnessed one of the worst heat wave and drought this year in the last six decades. This natural calamity has caused rivers, including Yangtze, China's longest river,  to dry up, causing a severe electricity power shortage in the country. The longest and most severe drought has threatened the current crop harvest. Many factories, shops, and businesses across the country have either shutdown or reduced their operation due to shortage of power supply. Cities have switched off street lights in the night. 



 

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