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Diesel Price Falls 4.5% in NY

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Diesel Price Falls 4.5% in NY

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Lisa Cook Defends Against Mortgage Fraud Claims

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7.7 Quake Hits Panama Causes Damage

7.7 Quake Hits Panama Causes Damage

A 7.7 magnitude earthquake struck southern Panama, causing the destruction of some buildings, power outages, and the suspension of flights, leading residents to take to the streets. The quake triggered more than 40 aftershocks, with the epicenter located near the town of La Petalona at a depth of 12.6 kilometers. Aftershocks are still ongoing. The U.S. Geological Survey estimated that economic losses could range from 1% to 10% of Panama's GDP, with damages to infrastructure, electricity outages across six regions, subway service suspensions, and school closures. The tsunami warning system also issued alerts on the coasts of Panama, Colombia, and several neighboring countries, with dangerous tsunami waves expected to arrive in the coming hours. Emergency evacuation drills had been held a week before the earthquake, and urgent measures are currently underway to respond to the damage and reduce injuries.

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