Daily Briefing : 7/10/16

Here is CurrentHow’s daily briefing for the 7th of October, 2016:-

1. Hurricane Matthew kills over 800 people in Haiti, rages towards Florida :-

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Hurricane Matthew, a category 4 hurricane, has killed nearly 800 people in Haiti as of Friday. The hurricane has also claimed its first casualty in the United States. The National Hurricane Center now warns of “life-threatening inundation during the next 36 hours” from Sebastian Inlet, Florida, to Cape Fear, North Carolina. The eyewall of the storm is about 95 miles away from Jacksonville, Florida.  South Carolina Governor Nikki Haley warned South Carolina residents who didn’t evacuate to go to a shelter. A major storm surge of 8 feet or more is approaching low-lying areas in the state, including Charleston. Although 310,000 people have evacuated the area, Gov. Haley says that’s not enough. Officials in some areas are going door to door, urging people to leave.

2.  Australia confirms wreckage found in Mauritius to be from MH370:-

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A fragment of plane wing discovered in Mauritius in May has been confirmed as coming from missing plane Malaysia Airlines MH370, Australia’s Transport Safety Bureau (ATSB) said in a statement on Friday. It does not, however, provide information that can be used to determine a specific location of the aircraft. The plane wing fragment was discovered in Mauritius on 10 May 2016, and was delivered to the ATSB for investigation. Malaysian Airlines Flight 370 vanished on March 8, 2014, after taking off from Kuala Lumpur on a flight towards Beijing with 239 people on board. The investigation into its disappearance is ongoing.

3. British Pound plummets versus US Dollar in a shocker:-

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Chancellor Philip Hammond has responded to the flash crash in sterling saying that market turbulence is to be expected, but the UK economy is fundamentally strong. The pound was pummelled in the currency markets in Friday Asian trading, with traders blaming concerns over Brexit and a flash crash that hit the market.The pound fell 6% to $1.1841, the biggest move since the Brexit vote. Sterling later recovered some of those losses but remained volatile.

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