China’s Xi urges all-out rescue efforts after highway bridge collapse kills 11

China’s Xi urges all-out rescue efforts after highway bridge collapse kills 11


Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China’s Shanghai, Nov. 30, 2023.

Xinhua News Agency | Xinhua News Agency | Getty Images

President Xi Jinping urged all-out rescue efforts after a highway bridge collapse on Friday in Shaanxi province in China’s northwest killed 11 people, state media reported on Saturday.

The incident occurred at 8:40 p.m. (1240 GMT) in Shangluo city on Friday when a highway bridge collapsed due to a flash flood, causing some vehicles to fall into the river.

As of 10 a.m. on Saturday, five vehicles were confirmed to have fallen into the water and 30 people were reported missing, state media said.

Xi said China is in a critical period for flood control and local governments must take responsibility to enhance monitoring and early warning.

China’s national fire and rescue authority said on Saturday it had dispatched a rescue team to the site that included 859 people, 90 vehicles, 20 boats and 41 drones.



Source

Private equity’s retail rush is alarming its institutional backers: ‘Bigger issues down the road’
World

Private equity’s retail rush is alarming its institutional backers: ‘Bigger issues down the road’

SINGAPORE — For decades, private markets have been the preserve of pension funds, endowments and sovereign wealth giants. Now, that exclusivity is fading. More wealthy individuals are getting invited into a once-closed club reserved for long-term investments from large institutions — and that is ruffling feathers. The trend has been described by experts as the […]

Read More
Mega AI deals enable exits for private equity — but fuel ‘frothy’ bubble fears
World

Mega AI deals enable exits for private equity — but fuel ‘frothy’ bubble fears

Aside from pushing stocks to all-time highs, the artificial intelligence boom is also giving private equity funds a boost by thawing the frozen IPO market and providing much-needed liquidity. However, AI is also creating what senior industry figures describe as a “frothy” investment landscape in some corners of the market, making it harder to identify […]

Read More
EA’s  billion deal delivers a win for investors, but raises uncertainty for gamers
World

EA’s $55 billion deal delivers a win for investors, but raises uncertainty for gamers

COLMA, CALIFORNIA – SEPTEMBER 29: Electronic Arts video games are displayed at a Target store on September 29, 2025 in Colma, California. Video game maker Electronic Arts is being acquired in a $55 billion deal with private equity firm Silver Lake Partners, Affinity Partners, and Saudi Arabia’s sovereign wealth fund PIF. The deal could become […]

Read More