Sydney residents assess flood damage as wild weather eases

Sydney residents assess flood damage as wild weather eases


Residents next to the overflowing Hawkesbury River in the northwestern Sydney suburb of Windsor on July 6, 2022. Heavy rain that pummeled Sydney over the last five days eased on Thursday as flood-weary residents looked to return to homes to take stock of the damage, some for the third time this year.

Muhammad Farooq | Afp | Getty Images

Heavy rain that pummeled Sydney over the last five days eased on Thursday as flood-weary residents looked to return to homes to take stock of the damage, some for the third time this year.

An intense low-pressure system formed off Australia’s east coast over the weekend has weakened, satellite images showed, but major flooding could continue for several days with rivers and dams already at full capacity even before the latest storm.

Water levels in Hawkesbury River in Sydney’s west began to recede bringing relief to residents in Windsor, one of the worst-hit suburbs. But heavy rain triggered flash floods in the mid-north coast of New South Wales forcing nighttime evacuations.

“We’re in a mixed response at the moment of returning communities to their homes, but still responding to the evolving threat up in the mid-north coast… and central coast (of New South Wales),” state emergency services Deputy Commissioner Ashley Sullivan told ABC television. “So we’ve got a number of flood rescues ongoing at the moment.”

About 60,000 residents in New South Wales have been told to either evacuate or that they might receive evacuation orders, down from Wednesday’s 85,000. More than 30,000 have been allowed to go back into homes to assess damage, authorities said.

Several regions have seen rainfall records for July broken because of the relentless downpour, with some places getting more than the annual average since Saturday. 

The frequent floods have raised questions about how prepared Australia is for severe weather events.

Federal Treasurer Jim Chalmers has directed the treasury to model the impact of climate change on the Australian economy, re-starting work abandoned for almost a decade by the previous conservative governments, the Sydney Morning Herald newspaper reported.

Australia’s east coast weather has been dominated by the La Nina climate pattern, typically associated with greater rainfall, for the second consecutive year. Though it ended in June, weather officials said there is a 50-50 chance it may return this year.



Source

Financial stocks seem to be losing momentum and show signs of weakness
World

Financial stocks seem to be losing momentum and show signs of weakness

One sector that was seen as a potential winner of the Trump administration is starting to cool, even as some of the projected benefits seem to be materializing. Wolfe Research analyst Rob Ginsberg wrote in a note to clients that financials are showing signs of weakness. The group is still outperforming the S & P […]

Read More
OpenAI tops 3 million paying business users, launches new features for workplace
World

OpenAI tops 3 million paying business users, launches new features for workplace

Sam Altman, co-founder and CEO of OpenAI, speaks during the New York Times annual DealBook Summit at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported […]

Read More
Shares of this new China tea retailer coming to the U.S. have 40% upside, says Citi
World

Shares of this new China tea retailer coming to the U.S. have 40% upside, says Citi

Chinese tea chain Chagee is in the early days of a long runway for strong growth, according to Citi Research. Analyst Xiaopo Wei initiated the stock with a buy rating and $43.70 price target, suggesting shares stand to gain nearly 44% from their latest close. Shares of Chagee are down more than 10% since the […]

Read More