Archive

November 21, 2024

Browsing

Inside Delhi’s first ever clinic dedicated to pollution-related illnesses, Deepak Rajak struggles to catch his breath.

The 64-year-old’s asthma has worsened in recent days, and his daughter rushed him to the clinic, anxious about his rapidly deteriorating health.

“It’s impossible to breathe. I just came by bus, and I felt like I was suffocating,” he says.

The specialist clinic at Delhi’s Ram Manohar Lohiya (RML) hospital was set up last year to treat the growing number of patients affected by hazardous air pollution, which worsens every winter in the Indian capital.

Outside, a throat-searing blanket of toxic smog has settled over the city since late last month, turning day into night, disrupting flights, blocking buildings from view and endangering the lives of millions of people.

As of last week, nowhere else on the planet has air so hazardous to human health, according to global air quality monitors.

It’s become so bad that Delhi’s Chief Minister Atishi, who goes by one name, declared a “medical emergency” as authorities closed schools and urged people to stay home.

But that’s not an option for Rajak, who relies on his dry-cleaning job to provide for his family.

“What can I do? I have to leave the house to go to work,” he says. “If I don’t earn money, how will I eat? When I leave the house, my throat gets completely jammed. By evening it feels like I am lifeless.”

Rajak has already been hospitalized once this year as the smog aggravated his asthma.

With no relief in sight from the hazardous pollution, his daughter Kajal Rajak says she fears he will need to be readmitted – an added financial burden when they’re already struggling to pay for inhalers and expensive diagnostic tests.

Even taking her father to the clinic was dangerous, she says.

“You can’t see what’s in front of you,” Kajal says. “We were at the bus stop, and we couldn’t even see the bus number, or whether a bus is even coming – that’s how hazy it was.”

‘Like chili in my eyes’

In some parts of Delhi this week, pollution levels exceeded 1,750 on the Air Quality Index, according to IQAir, which tracks global air quality. A reading above 300 is considered hazardous to health.

On Wednesday, the reading for the tiniest and most dangerous pollutant, PM2.5, was more than 77 times higher than safe levels set by the World Health Organization.

When inhaled, PM2.5 travels deep into lung tissue where it can enter the bloodstream, and has been linked to asthma, heart and lung disease, cancer, and other respiratory illnesses, as well as cognitive impairment in children.

“It feels like chili in my eyes,” said Mohammad Ibrahim, a longtime auto driver in the city, adding that his chest hurts constantly from working outside in the pollution all day.

“When I go home in the evening and wash my hands and face, black stuff comes out of my nose. That never used to happen before,” Ibrahim said.

Like Rajak, Ibrahim can’t afford to stop working, even though his health is at risk.

“If I don’t go out to work, how will I fill my stomach? How will I pay my rent? I am a poor man,” he said.

Some vulnerable residents say it has become difficult to survive in Delhi. Retired Indian Air Force member Aditya Kumar Shukla, 64, said he tries not to venture outside on polluted days.

Shukla said he has been hospitalized three times this year and would move away from the city if he could.

“It causes stress, and it is very dangerous, but at this stage where can I go?” he said. “It angers me very much, I want to go out of Delhi but there are no facilities in India, especially for (those with asthma and lung disease).”

At the pollution clinic, Dr. Amit Jindal says he and his colleagues have seen a marked increase in patients with chest and lung problems since pollution levels skyrocketed. He confirmed the increase is directly related to the smog.

Patients are suffering from persistent coughs, chest and lung issues and stinging eyes, but those with existing health issues like Rajak and Shukla, or those who work outside, are more vulnerable, Jindal says.

Dr. Gaurav Jain, a pulmonologist at Batra hospital, says even non-smokers are developing chronic obstructive pulmonary disease (COPD) – a lung condition that restricts airflow and causes breathing problems.

“Many patients who chronically inhale the pollutants, who work near dust areas, they develop COPD,” he says. “Their lungs are unhealthy; they develop shortness of breath at quite an early age as compared to the normal population and have an increased risk of lung cancer.”

Long-term crisis

Delhi has been struggling with high levels of air pollution for more than two decades.

Air quality worsens each year as the summer heat gives way to the cooler months. Windless days mean smog from agricultural waste fires, coal-fired power plants, and traffic hovers over the city’s skies.

Air quality worsens each year as the summer heat gives way to the cooler months, and smog from agricultural waste fires, coal-fired power plants, and traffic blankets the skies.

India’s pollution authority on Sunday said several parts of Delhi had “severe+” air quality and scrambled to relieve the smog, implementing emergency measures including halting non-essential truck movement and construction work.

Officials are also sprinkling roads with water and dust suppressants, and ramping up road sweeping.

But experts say these efforts, which are rolled out every year, are merely temporary measures that don’t tackle the underlying causes of air pollution.

“In terms of actual action to reduce emissions at source, it has been very limited, and I can fairly confidently say that the intensity of the response by the government to curtail these hazardous pollution levels does not match the intensity of the emergency we face,” said environmental analyst Sunil Dahiya.

In 2019, the Indian government introduced the National Clean Air Program to improve ambient air quality in cities, and several other committees have been set up at both national and state levels to tackle air pollution.

But analysts say governments are focusing more on the emergency response rather than sustained efforts to improve air quality. While stubble burning during the winter harvest season exacerbates pollution levels, to solve the crisis, pollution needs to be tackled year-round, Dahiya said.

“We need to work on systematic and comprehensive actions which reduce pollution at source, which means that we have to start talking about how much is being emitted in terms of air pollution from the transportation sector, power sector, industries, waste and in which geography,” Dahiya said.

At the clinic, Kajal Rajak is anxious about her father’s worsening health that leaves him struggling to breathe and walk. She’s angry, but she says getting mad won’t solve the problem.

“The government needs to do something.”

This post appeared first on cnn.com

John Prescott, a former British deputy prime minister in Tony Blair’s Labour government, has died, his family said on Thursday.

Prescott, 86, died following a battle with Alzheimer’s, his family said in a post on X.

He served as deputy prime minister from 1997 to 2007.

Prescott was one of Blair’s most colourful ministers and was known as a plain-speaking politician who bridged the divide between the traditional left-wing and the modernizers in the Labour Party.

This post appeared first on cnn.com

An Australian teenager has died and another is fighting for her life after drinking suspected tainted alcohol in Laos, as a growing list of countries warned of multiple poisonings linked to a tourist town in the Southeast Asian country.

Jones’ death is the latest in a spate of suspected methanol poisonings of foreigners in Vang Vieng, a popular destination for young international backpackers.

Denmark’s Ministry of Foreign Affairs said two Danish nationals had died in Laos but gave no further details.

Poisoning from methanol can cause nausea, vomiting and heart or respiratory failure, according to the US Centers for Disease Control and Prevention. The clear liquid is typically used in cleaning fluids but sometimes illegally added to alcoholic drinks as a cheap way to increase their volume.

The extent of the suspected poisonings is unclear and there has been no information released by authorities in Laos, a small, landlocked nation that is currently hosting a gathering of Southeast Asian defense ministers joined by the US defense secretary.

It is believed that several other people have been affected by tainted drinks.

The New Zealand Ministry of Foreign Affairs and Trade said it was providing consular assistance to one of its nationals who reported feeling unwell “and may be a victim of methanol poisoning in Laos.”

“Travelers are advised to be cautious about consuming alcoholic beverages, particularly cocktails and drinks made with spirits that may have been adulterated with harmful substances,” it said.

The British Embassy in Laos said it was providing consular assistance to British nationals “following an incident” in the country.

New Zealand joins Australia, the United Kingdom, and Canada in updating their travel advice warning citizens to be cautious while drinking in the Southeast Asian country.

“In November 2024, several foreigners in Vang Vieng have been victims of suspected methanol-adulterated alcohol poisoning,” the Canadian government said. The UK Foreign Office said, “There have been deaths and cases of serious illness caused by alcoholic drinks containing methanol.”

Australian Prime Minister Anthony Albanese confirmed Jones’ death in parliament Thursday, saying “our first thoughts in this moment are with her family and friends who are grieving a terrible and cruel loss.”

“This is every parent’s very worst fear and a nightmare that no one should have to endure,” he added.

A statement from Jones’ family before her death said, “We want to ensure no other family is forced to endure the anguish we are going through,” according to Nine News. “We hope the authorities can get to the bottom of what happened as soon as possible.”

A major investigation is underway in Laos, Nine News reported.

Backpacking hot spot

The Australian teens, both from Melbourne, were enjoying a backpacking holiday when they became ill after a night out in Vang Vieng.

The picturesque rural town in northern Laos has long been a popular backpacking spot. For many years, it was renowned for being a major party destination, known for excessive drinking, the easy availability of drugs and river tubing linked to a string of fatalities.

In 2012, the government shuttered most of the problematic bars and activities and reinvented the town as an eco-paradise and adventure travel hub, though its party reputation remains.

The women were staying at a hostel and reportedly had been drinking there and at a nearby bar on November 11, Nine News reported. According to the Associated Press, the women had joined other guests for free shots of alcohol offered by the hostel before going out for the night.

After becoming ill, the two friends didn’t leave their room for 24 hours and failed to check out as scheduled, according to Nine News. They were taken to a hospital in Laos before being transferred to Thailand, where they were treated in two separate hospitals, AP reported.

It is believed the women drank alcohol tainted with methanol, though the source of the drinks is unclear.

Methanol can make people feel inebriated and has been used in the manufacture of counterfeit replicas of well-known alcohol brands or illegal local spirits, like vodka, the British Foreign Office warned.

Laos, one of the poorest countries in Southeast Asia, has been hit hard by skyrocketing inflation in recent years. Tourism is a key source of revenue for the country’s struggling economy.

This post appeared first on cnn.com

Nvidia as poised to become the first $4 trillion company, driven by its AI dominance. As the AI chipmaker prepares to report fiscal Q3 earnings, expectations are high for another standout performance. Analysts anticipate a $2 billion revenue beat and robust forward guidance, which could further solidify investor confidence.

Wedbush highlights Nvidia’s leadership in AI capital expenditures, forecasting over $1 trillion in spending tied to its GPUs, which they describe as “the new oil and gold.” The company’s Blackwell chips are expected to play a pivotal role, with demand and production momentum signaling strong growth potential. CEO Jensen Huang’s commentary during the earnings call is likely to underscore this bullish outlook.

The broader market context also supports Nvidia’s trajectory. Recent AI-related results from Microsoft, Amazon, and Google demonstrate robust cloud demand, reinforcing the case for sustained AI investment. Analysts point to a favorable macroeconomic backdrop, including a potential Federal Reserve rate-cutting cycle and easing regulatory pressures, as factors that could further boost tech stocks.

Wedbush’s projection extends into 2025, with Nvidia positioned at the forefront of the AI revolution. They believe the market continues to underestimate the demand curve for AI-driven technologies, underscoring Nvidia’s path toward its unprecedented valuation goal.

Nvidia Stock Chart Analysis

Chip stocks are down 3% since the election. Meanwhile, the S&P 500 is up by about the same measure.

Nvidia has roared back strong since its July slump, rising 45% from the major August low. The chip stock — up nearly 200% this year and up over 1100% in the last two years — hit record highs following the election.

But many of Nvidia’s peers, especially smaller ones, have become a net drag on the industry and US stocks writ large since the start of the second half of the year.

Shares in chipmaker Nvidia were flat in pre-market trading ahead of the release of its highly anticipated third-quarter earnings after the bell on Wednesday.

Nvidia has become a bellwether for gauging the strength of the global push in AI, with demand for its chips as an enabler of this trend continuing to drive the company’s shares higher. The stock is up 197% year-to-date, with Nvidia recently overtaking Apple to become the world’s most valuable company, at a market capitalisation of $3.6tn (£2.8tn).

The post Nvidia hit a $4 trillion market valuation appeared first on FinanceBrokerage.

Apple (NASDAQ) has proposed a $100 million investment in Indonesia to establish a manufacturing plant for accessories and components, according to the country’s industry ministry. The move follows a ban on sales of Apple’s iPhone 16 due to the company’s failure to meet Indonesia’s local content requirement, which mandates that 40% of smartphone components sold domestically be locally produced.

The proposed facility in West Java signals Apple’s intent to align with the regulation and regain market access in Southeast Asia’s largest economy. The industry minister’s forthcoming meeting on Thursday underscores the government’s openness to Apple’s commitment.

Apple’s existing footprint in Indonesia includes application developer academies established since 2018, with investments totaling approximately 1.6 trillion rupiah ($99 million). This latest proposal would mark Apple’s first manufacturing presence in the country, showcasing its willingness to deepen its ties with local industries.

The ban is not exclusive to Apple; Alphabet (NASDAQ) has faced similar restrictions for non-compliance with the same regulation. These challenges highlight the increasing push by Indonesia to boost its domestic manufacturing capabilities and reduce reliance on imports.

Apple’s response to these regulatory hurdles could set a precedent for other global tech firms aiming to operate in the region, balancing compliance with local laws and maintaining competitive advantages in emerging markets.

Apple Share Stock Chart

Apple (AAPL 0.11%) remains a dominant force, with a market cap hovering around $3.4 trillion after peaking at $3.6 trillion. For the tech giant to hit a $4 trillion valuation, its stock would need an 18% gain—potentially achievable given its 17% rise this year and steady financial performance.

In Q4 FY2024, Apple reported $95 billion in revenue, a 6% year-over-year increase, with Wall Street projecting mid-single-digit growth moving forward. Earnings per share are expected to rise modestly, although the impact of Apple Intelligence on future results remains uncertain.

Valuation, however, raises questions. Trading at 37 times trailing 12-month earnings—above its five-year average of 29—Apple stock may be overvalued, creating near-term risks. While the company’s dominance justifies a premium, its elevated valuation and recent pullbacks could signal caution for investors. Despite this, Apple’s steady growth trajectory keeps its $4 trillion milestone within reach.

The post Apple Shares: $100M Investment Proposal appeared first on FinanceBrokerage.