Guinea rubbish landfill collapse kills 30
Source: BBC World โ (cross-verified by 3 outlets โ full list below)
At least 30 people have been killed after a mound of rubbish at a major waste site collapsed onto nearby homes in Guinea's capital Conakry, the government has said. Another 22 people were injured, including six seriously, in the city's Dar-es-Salam area. "Significant" resources and personnel - including the military - were deployed to search for survivors after the collapse at about 02:00 local time following heavy rain overnight, the government added in a statement.
One woman told local media her five children had died in the disaster. There are fears that the death toll will rise further. Rescuers were later seen using excavators to comb through a mountain of scattered rubbish at the site as local residents gathered nearby.
Guinea's Prime Minister Mamadou Oury Bah visited the scene to assess the situation and oversee the search efforts. Neighbourhood leader Lancine Sylla had earlier told the AFP news agency that he feared there would be a heavy death toll. "We have pulled out 18 bodies that were taken to the morgue," he said.
โก Effects Interpreter
๐World Economymedium impact
What this means for you
- โถThe wider trading system tends to absorb shocks like this slowly.
- โถEconomies far from the headline can still catch the aftershocks.
๐๏ธLocal Economylow impact
What this means for you
- โถCommunity shops might subtly reprice stock as costs shift upstream.
- โถPrices at your local shops might feel a soft, indirect squeeze from this.
๐ฆRates & Banksmedium impact
What this means for you
- โถA change in the cost of money, if it comes, will likely arrive subtly.
- โถThe next rate-setting meeting is a more likely trigger than this news alone.
โค๏ธHealthhigh impact
What this means for you
- โถLocal surgeries and clinics might see a short-lived rise in enquiries.
- โถNews like this can nibble at everyday calm more than people expect.
๐ทWealthlow impact
What this means for you
- โถA quiet review of where your savings sit rarely does any harm.
- โถYour overall wealth picture is unlikely to be defined by a single story like this.
๐ Housinglow impact
What this means for you
- โถFirst-time buyers watching the market closely might see little change in the short term.
- โถProperty values usually need more than one headline to really move.
๐ Effects for your country
The U.S.'s central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The U.S.'s economy is growing at 2.3% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the U.S.'s own central bank rate closely. With the U.S.'s unemployment at 4.4%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone โ the real impact in the U.S. depends more on local healthcare capacity than the figures above.
The UK's central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The UK's economy is growing at 0.8% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UK's own central bank rate closely. With the UK's unemployment at 5.6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone โ the real impact in the UK depends more on local healthcare capacity than the figures above.
France's central bank rate currently stands at 2%, so a global rates move like this could feed through to local borrowing costs. France's economy is growing at 0.9% with inflation at 1.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track France's own central bank rate closely. With France's unemployment at 7.9%, personal-finance effects like this land on a labour market that is already under strain. Health-system effects are harder to localise from economic indicators alone โ the real impact in France depends more on local healthcare capacity than the figures above.
Romania's central bank rate currently stands at 6.5%, so a global rates move like this could feed through to local borrowing costs. Romania's economy is growing at 0.7% with inflation at 7.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track Romania's own central bank rate closely. With Romania's unemployment at 6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone โ the real impact in Romania depends more on local healthcare capacity than the figures above.
The UAE's central bank rate currently stands at 3.65%, so a global rates move like this could feed through to local borrowing costs. The UAE's economy is growing at 3.1% with inflation at 2.5%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UAE's own central bank rate closely. Health-system effects are harder to localise from economic indicators alone โ the real impact in the UAE depends more on local healthcare capacity than the figures above.