Surpasses

Nepal races to rescue trapped workers, as flood death toll surpasses 900 | Floods News

Nepal’s rescue teams, aided by Chinese and Indian experts, are racing to save more than 900 workers believed to be trapped underground at hydropower projects hit by devastating flash floods.

Nepali officials said on Monday that the focus was on reaching the workers in about a dozen hydropower project tunnels blocked by mud and rock debris.

Recommended Stories

list of 4 itemsend of list

The unprecedented deluge of ice, rock, mud and debris on the Nepal-Tibet border on Wednesday – caused by a glacier collapse – has killed 903 people with 4,247 missing in Nepal, its disaster authority said.

The flood also wreaked havoc across the border in China’s Tibet region, where at least 16 people died and 546 are missing, said Chinese authorities.

‘Big challenge’

Pictures and videos shared by rescue teams in Nepal showed earth-moving equipment digging and shovelling mud and rocks under lights in the dark of the night as workers watched. Soldiers used torchlights in a big pit they had created to look for space to get into one tunnel.

“A large amount of debris has been deposited and that is posing us a big challenge to open the tunnels,” Nepal army spokesperson, Raja Ram Basnet, told the Reuters news agency.

“Our main focus is on opening the tunnels.”

Hundreds of bodies, many unidentified, have been buried in shallow graves as they began decomposing in the humid weather after being swept down the mountains by the torrent.

At a hospital in the capital of Kathmandu, morgues have reached capacity and families are flocking to other hospitals in hopes of finding missing loved ones, reported Al Jazeera’s Minelle Fernandez.

In addition to the 933 missing hydropower workers, some 500 workers from the Truck and Container Association are also missing, said Fernandez.

The Red Cross has estimated that more than 90,000 people are likely to have been affected by the disaster, which China has linked to the effects of climate change.

Prime Minister Balendra Shah said the flood was an “unprecedented and devastating natural disaster” and it remained challenging to compile a complete assessment of the damage.

“Despite the adverse weather, difficult terrain and continuing risks, we are moving forward with determination to save the lives of our citizens,” he said in a Facebook post late on Sunday, adding that nearly 21,000 security personnel were involved in rescue operations, besides civilian workers and volunteers.

While accessibility has been restored on many roads and highways, almost “40 kilometres of roads have been absolutely swept away”, Al Jazeera’s Fernandez said.

“So there are challenges on the ground in getting this aid to communities, but the authorities, as well as the agencies and their networks are working their way through it.”

China sends experts, aid

China’s state-run CCTV said the government has mobilised more than 2,100 rescue workers and allocated at least 220 million yuan ($33mn) to support relief efforts. Equipment and supplies have been airdropped to frontline rescuers, while Chinese soldiers used life-detection equipment to look for the missing.

Beijing said 261 foreign nationals from 23 countries were unaccounted for in Tibet.

“President Xi Jinping, according to state media, has called for all out efforts to rescue those missing in the mudslide, and this is the second time that the president has made such a call,” said Al Jazeera’s Katrina Yu, reporting from Beijing.

“So this seems to be the Chinese leader’s effort to call on people, not only to continue their efforts, but redouble their efforts even as things are looking grimmer and grimmer.”

China has sent nine tunnel rescue experts to Nepal and shared satellite information with Nepalese authorities, said Yu.

Although Nepal has said it does not need foreign help in general search and rescue efforts, it has accepted help from giant neighbours India and China for their expertise in tunnel rescue.

Rescue operations have been suspended several times since Friday because of bad weather and concerns that a lake, formed across the Nepal-China border by the disaster, could trigger new flooding after it began overflowing into Nepal’s rivers.

The weather was good on Monday and rescue work continued to pick up pace, said Narendra Pariyar, the district administrator of Rasuwa, one of the two hard-hit districts.

Source link

CrowdStrike outlines FY 2027 net new ARR of $1.350B-$1.359B as Falcon Flex ending ARR surpasses $2.29B (NASDAQ:CRWD)

Earnings Call Insights: CrowdStrike (CRWD) Q2 FY 2027

Management View

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Apple surpasses Nvidia as world’s most valuable company

By Greta Ruffino with AFP

Published on Updated

Apple reclaimed the title of the world’s most valuable company on Friday, overtaking Nvidia as investors grew more confident in its AI strategy.


ADVERTISEMENT


ADVERTISEMENT

Shares of Nvidia were down as much as four percent as worries about the valuation of artificial intelligence equities dogged the market, giving the company a valuation of about $4.8 trillion (€4.2 trillion), slightly below Apple’s $4.9 trillion (€4.3 trillion).

The company later clawed back the losses, with Apple and Nvidia trading neck and neck for the top spot.

Nvidia’s stock has soared more than 1,200% since January 2023, climbing from a split-adjusted $14.86 (€13.00) to about $205 (€179.30) by mid-July 2026. The company carried out a 10-for-1 stock split in June 2024.

Nvidia became the world’s most valuable company in 2025, driven by the AI boom sparked by the launch of ChatGPT in November 2022.

Originally designed for video games, Nvidia’s graphics processing units (GPUs) have become the core hardware used in AI data centres to train large language models developed by companies such as OpenAI, Anthropic and Google.

In recent weeks, however, analysts have begun questioning whether the massive investments in Nvidia’s chips and software will pay off as new AI products reach the market.

Those questions have intensified as ChatGPT-maker OpenAI and rival Anthropic, two of the most valuable private companies in history, having filed to go public.

Meanwhile, investor confidence in Apple confidence in Apple has strengthened in recent weeks, pushing its shares up about 20% since late June. Apple also unveiled a redesigned version of Siri, receiving broadly positive early reviews.

Source link