More than 400 people dead and many still missing after a massive earthquake shook Ecuador. Those who lost someone mourn their dead.
The move comes after Vice President Jorge Glas had delivered a written critique of President Lenin Moreno. Since the vice president is elected by popular vote, the president cannot sack him.
Munich Re put global costs at $175 billion and called the level "mid-range." The jump comes after three years of comparatively modest damage.
Natural disasters drive tens of millions of people into poverty and also have a devastating impact on consumption, the World Bank has said. Climate change looked certain to amplify these effects, the lender argued.
A 7.0 magnitude earthquake in the Pacific has shaken El Salvador and Nicaragua with officials issuing a tsunami alert. The quake hit an hour after Category 2 Hurricane Otto made landfall on Nicaragua's Caribbean coast.
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