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Joe Biden declares an emergency in California as wildfires devastate Los Angeles

The US president, Joe Biden, has declared an emergency in California as wildfires devastate four neighbourhoods in Los Angeles.

At least five different wildfires are still raging around Los Angeles, and the flames are visible from space, squeezing the city in a blazing pincer. We will look at the financial costs to fight such fires and insurance costs for people who live in areas like Southern California where fires happen regularly.

A new mega-port on Peru鈥檚 coastline鈥攑art of China's Belt and Road Initiative鈥攚ill increase the frequency of trips to Asia this month.

And Ethiopia is on the brink of launching a new stock exchange after a fifty-year gap. This stock exchange is housed on a freshly minted trading floor within a towering high-rise in Addis Ababa's financial hub.

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26 minutes

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