Severe floods in Queensland, Australia

Brisbane, Australia faces a ‘postwar’ scale rebuild after “raging floodwaters” “devastated” three quarters of the state of Queensland.

The damage affected homes, businesses, schools, hospitals, roads, sewers and drainage systems.

Insurance claims are expected to reach A$1bn.  173 people died. The mining industry was disrupted and lost at least A$2.3bn ($2.3bn) in sales.

Meanwhile in Western Australia there have been massive fires.

http://www.ft.com/cms/s/0/0414ba38-1ec7-11e0-a1d1-00144feab49a,s01=1.html

http://www.ft.com/cms/s/0/2c9ac07e-22d2-11e0-ad0b-00144feab49a,s01=1.html

 

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