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75CLIMATE

Death toll from Himalayan glacial flood in Nepal and Tibet surpasses 1,000

⚡ Markets: Highlights physical risks from climate change to infrastructure, particularly hydropower and projects in mountainous regions. May impact insurance and reinsurance sectors.reinsurance stocks

A catastrophic flash flood, triggered by a glacier collapse on the China-Nepal border, has killed over 1,000 people, with thousands more still missing. Rescue efforts are underway, focusing on workers trapped in hydropower stations, as reports emerge that scientists had flagged the flood danger a year prior.

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