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The week in pictures: August 11 – August 17, 2015

Aug 20, 2015

week in pictures
 

 

 

 

 

 

 

 

 

There were some big stories over the last seven days so let’s review some of the most important from around the world

In China the central bank made the surprise announcement of what it called a “one-off depreciation” of the currency, the Yuan. As a result of poor economic news, exports down 8.3% in July alone coupled with a 5.4% fall in the producer price index year on year, the devaluation is aimed at bolstering the export driven economy. The new mid-point for the Yuan was pegged to 6.2298 for $1 which is up from 6.1162 on Monday. Markets closed down on the news.

In Tianjin a massive series of explosions rippled through a chemical storage facility causing the death of 112 people and the injury of a further 700. An evacuation of the area was conducted due to the presence of what has been quoted as being “several hundred tons” of Sodium Cyanide on the site.
Recovery teams and victims were visited by the Chinese Premier Li Keqiang as investigations continue into the cause of the disaster and as to the fate of the 95 people still missing.

In Ecuador the Cotopaxi volcano threatened to erupt prompting the Ecuadorian government to declare a national emergency in a move that prevents the broadcast of unauthorized information to halt the spread of panic. The 19,350 foot high volcano last erupted in the late 1880s but authorities worry that any large scale eruption now could melt glaciers and cause mudslides and widespread flooding both of villages near the volcano and in suburbs of the capital Quito only 50km away.

In sport Australia’s Jason Day won his first major at Whistling Straits finishing on twenty under par three shots ahead of Open champion Jordan Spieth whose second place made him number one in the world. Queenslander Jason Day said of his performance; “Overall I’m just really pleased with how I played. I couldn’t ask for anything better.” But will he be able to tad to his trophy collection? You’ll have to read our daily news pages to find out. In the meantime lets look back at some of the big news stories to hit our headlines over the last seven days.

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Meanwhile a hapless car thief was arrested after he himself called police in Montana to free him from the vehicle he’d been trying to steal. Having got trapped in the trunk of the car Ryan Payne, 31, phoned police pleading to be helped out. Police officers retrieved the car keys from a local business owner and freed Mr. Payne who they then promptly arrested on a variety of charges that may well see him once again locked up.


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