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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
FinanceStorms
Asia

Shanghai battered by Typhoon Bebinca, the strongest storm since 1949: ‘If I step out…I can barely speak’

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Rebecca Bailey
Rebecca Bailey
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AFP
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By
Rebecca Bailey
Rebecca Bailey
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AFP
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September 16, 2024, 6:33 AM ET
Pedestrians struggle with their umbrellas in strong winds and rain brought by typhoon Bebinca on the Nanjing East Road pedestrian street on Sept. 16, 2024 in Shanghai.
Pedestrians struggle with their umbrellas in strong winds and rain brought by typhoon Bebinca on the Nanjing East Road pedestrian street on Sept. 16, 2024 in Shanghai.Yin Liqin—China News Service/VCG via Getty Images
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Tens of millions of people in Shanghai and across China’s densely populated east coast hunkered indoors Monday as the strongest typhoon to hit since 1949 swept in, downing trees and disrupting transport across the region.

Typhoon Bebinca — the fiercest storm to hit the megacity since Gloria 75 years ago — landed early Monday morning in the eastern coastal area, with wind speeds of around 150 kilometres (95 miles) per hour, state media said.

Many businesses were already closed for the Mid-Autumn Festival public holiday, and the city’s 25 million residents have been advised to avoid leaving their homes.

The municipal news service said the typhoon had caused “significant damage across the city”, felling over 1,800 trees and leaving 30,000 households without electricity.

It said 414,000 people across the city had been evacuated to safer locations, and tens of thousands of emergency personnel were on hand to be deployed when necessary.

Ferocious winds

An uprooted tree completely blocked one road in the city centre, an AFP reporter saw.

Elsewhere, emergency workers in orange jumpsuits worked to clear fallen debris from a soaked shopping street home to a number of international brands.

Xiong Zhuowu, a doctor and resident of the northern Baoshan district, posted a video of a real estate agent’s sign being ripped away onto a roof in his compound.

“I feel quite nervous today, I’m constantly checking what the situation is out the window,” Xiong told AFP.

“The property management found some trees with loose roots downstairs and immediately called me to move my car to prevent the tree hitting it if it fell.”

A government livefeed from Baoshan showed ferocious winds ripping through a line of trees on the riverbank.

Despite the violent downpours and sudden gusts of wind, some were still braving the weather to go about errands.

Resident Wu Yun said she had ventured outside because she had to sort something out at her sales job.

“I think it’s okay, because I also saw a lot of typhoons in the south, so I think Shanghai is okay (compared to them),” she told AFP as she struggled to open her umbrella against the wind.

Branches and fallen bikes littered the road in the city’s former French Concession, as delivery workers and clean-up crews persevered against the driving rain.

Flights grounded

All flights at Shanghai’s two main airports are grounded, and ferry services and some trains have been suspended.

Highways were closed at 1 am local time, and a 40 kilometre (25 mile) per hour speed limit is in place on roads inside the city.

At rush hour, live video feeds showed Shanghai’s normally jammed roads almost empty of traffic, and its famed skyline obscured by thick fog.

Some 9,000 residents were evacuated from Chongming District, an island at the mouth of the Yangtze River, authorities said.

CCTV broadcast footage of a reporter by the coast in neighbouring Zhejiang province, where waves pounded the craggy coastline under leaden skies.

“If I step out (into the storm), I can barely speak,” the reporter said.

“You can see that the surface of the sea is just wave after wave, each higher than the last.”

Another typhoon, Yagi, killed at least four people and injured 95 when it passed through China’s southern Hainan island this month, according to national weather authorities.

Bebinca has also passed through Japan and the central and southern Philippines, where falling trees killed six people.

CCTV said Bebinca was expected to move northwest, causing heavy rain and high winds in Jiangsu, Zhejiang and Anhui provinces.

China is the world’s biggest emitter of the greenhouse gases that scientists say are driving climate change and making extreme weather more frequent and intense.

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