Economic cost of Hurricane Irma ‘could reach $300bn’

Economic cost of Hurricane Irma ‘could reach $300bn’

Experts say insurance firms could be liable for up to half that sum after Irma damages homes, businesses and key crops. The economic cost of Hurricane Irma could rise as high as $300bn (£227bn) as the storm lashes Florida, damaging homes, businesses and key crops including orange groves. Analysts said about $2tn of property lay in the storm’s path, and also pointed to the potential impact on US food prices. Florida is the second-largest produce grower in the US and the world’s second-largest producer of orange juice. Torsten Jeworrek, a…

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Norway goes to the polls with the future of its oil and gas industry in play

Norway goes to the polls with the future of its oil and gas industry in play

Small but fast-growing Green party, which is demanding an immediate halt to gas and oil exploration, seen as potential kingmaker. When Truls Gulowsen began campaigning in the 1990s, telling Norway it had both a moral obligation and an economic interest in phasing out the industry that has made it rich was not what might be called a vote winner. But as Norwegians go to the polls on Monday, the future of their country’s giant oil and gas business is a major electoral issue – with parties that back curbs or…

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Bart De Wever wants to remain President of the New Flemish Alliance until 2019

Bart De Wever wants to remain President of the New Flemish Alliance until 2019

On Saturday, the mayor of Antwerp, Bart De Wever, announced he wanted to remain President of the New Flemish Alliance until 2019. The party council has given him permission to stand for a fifth mandate. Depending on status, the Flemish nationalist party has to choose a new President after two mandates. A 66% majority is needed to allow further mandates. Bart De Wever has obtained the right number of votes, so is authorised to stand for a fifth mandate. Candidates have to submit their candidacy before the 13th of October….

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