Connect with us

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. .

Top Stories

Death toll in Florida building collapse rises to 28, with 117 missing

2021 07 05T170035Z 1 LYNXNPEH640P0 RTROPTP 4 MIAMI BUILDING - Global Banking | Finance

By Francisco Alvarado

SURFSIDE, Fla. (Reuters) -The death toll from a collapsed Miami-area condominium rose to 28 on Monday after the controlled demolition of the remainder of the building on Sunday night enabled rescuers to expand their search, officials said.

The discovery of the 28th victim was announced during a news conference Monday afternoon. Earlier in the day, officials reported pulling three other bodies from the wreckage.

Another 117 people remained missing 11 days after the 12-story residential building collapsed in Surfside, Florida, prompting a search-and-rescue effort that has continued almost around the clock, pausing only for bad weather, dangerous shifting of the rubble, and the demolition.

Roughly half of the condominium building came tumbling down early in the morning on June 24, and rescue workers were kept away from the unstable half that remained standing for their own safety.

Tropical Storm Elsa in the Caribbean had also threatened to blow the remains over, so officials ordered the building to be taken down by a demolition crew that placed charges at enough weak points to prompt another collapse.

“The search-and-rescue team has been able to search all sections of the grid on the collapse, following the building demolition,” Miami-Dade County Mayor Daniella Levine Cava told reporters.

Although updated forecasts predict the Surfside area is likely to avoid the brunt of the storm on its projected course to the north from Cuba, scattered showers and thunderstorms were forecast.

Nobody has been pulled alive from the mounds of pulverized concrete, splintered lumber and twisted metal since the early hours of the disaster in an oceanfront town adjacent to Miami Beach in Florida.

But officials publicly express hope of finding additional survivors, however remote that may seem, while rotating crews of local and international experts take turns sifting through the debris.

“I’m in awe of the men and women of the … task force teams who’ve been continuing to brave dangerous and changing conditions. For 12 days, fire, smoke, and now wind and torrential rain – they are continuing the mission and the search of a collapse area,” Levine Cava said.

“Truly, they live to save lives,” she said.

Surfside Mayor Charles Burkett said the site was “busier and more active now” than when the rescue effort began.

Investigators have not determined what caused the 40-year-old complex to collapse. A 2018 engineering report found structural deficiencies that are now the focus of inquiries that include a grand jury examination.

(Reporting by Francisco Alvarado in Surfside; Additional reporting by Barbara Goldberg and Daniel Trotta; Editing by Franklin Paul, Richard Chang, Sonya Hepinstall and Paul Simao)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post