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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 11, 2025

    Featured image for article about Headlines

    PARIS (Reuters) - Authorities will put the French overseas territory of Mayotte on red alert late on Saturday, Overseas Minister Manuel Valls said, as a tropical storm nears the Indian Ocean archipelago that was devastated by a cyclone last month.

    A red alert asks residents to stay in a solid dwelling and cut off the power supply.

    "The red alert will be activated this evening. The prefect will obviously make the decision in conjunction with us, but that's what's going to happen," Valls told BFM TV.

    "We can't afford not to, given the situation, given the state of Mayotte after the passage of cyclone Chido,” he said.

    In mid-December, Chido, the most devastating cyclone to hit Mayotte in 90 years, caused colossal damage in France's poorest department, killing at least 39 people and leaving thousands injured, according to the latest count.

    As of 0500 GMT on Saturday, an orange cyclone alert - calling for people to prepare adequate supplies - was already in force as Storm Dikeledi was due to cross Madagascar before heading eastwards.

    It was expected to pass south of Mayotte on Saturday night and on Sunday, bringing high winds and heavy rainfall.

    (Reporting by Sybille de La Hamaide; editing by Barbara Lewis)

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