PARIS, Feb 9- French water and waste group Veolia said on Tuesday it is talks to install a flood prevention system in the city of New Orleans that was devastated by Hurricane Katrina in 2005.. Veolia innovation director Laurent Auguste said a study will be carried out jointly with Swiss insurer Swiss Re and that Veolia- which operates the main New Orleans waste...» Read More
Carnival's first-quarter earnings will fall short of Wall Street expectations and the cruise operator is cutting its full-year earnings outlook. The Miami company blamed rising fuel prices and some itinerary changes in the Middle East and North Africa for the reduction to its 2011 guidance.
The yen plummeted and then rocketed higher after a massive earthquake and tsunami struck Japan early this morning, and traders expect plenty of choppiness as the day unfolds.
The biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.
Friday's massive earthquake is yet another challenge to Japan's recovery but it may provide a jolt to the economy over the short term, Lawrence Summers, president emeritus of Harvard University and former director of the White House National Economic Council, told CNBC.
The 8.9 magnitude earthquake that hit Japan Friday will likely dent investor confidence in the short term, but is unlikely to derail the global economic recovery, analysts told CNBC.
Poll: Have The Recent Disasters Put You Off Travelling to Australia?
The 6.3-magnitude earthquake that struck New Zealand's second largest city last week killed at least 148 people and forced hundreds to evacuate for fear of further aftershocks.
Thousands have fled their homes and engineers have warned even "cyclone proof"homes could be shattered by the powerful winds. Here are some images.
Amid the volatility in the markets, wealthy individuals and big institutions are flocking to hedge funds that buy so-called catastrophe bonds and other investments tied to the probability of Gulf Coast hurricanes, Japanese earthquakes, large snowfalls in Canada and other natural disasters. The New York Times reports.
President Barack Obama's administration won't allow any new oil drilling in the eastern Gulf of Mexico for at least the next seven years because of the BP oil spill.
The National Flood Insurance Program is one big hurricane away from costing U.S. taxpayers billions of dollars. Experts say unless Congress makes some much needed changes to the program, taxpayers will find themselves footing the bill for another major disaster.
If you've made some gains in the stock markets this year and are thinking about putting that money to good use, find out what the top charitable causes in Asia are this year.
Two volcanoes erupted Thursday on Russia's far-eastern Kamchatka Peninsula, tossing massive ash clouds miles into the air, forcing flights to divert and blanketing one town with thick, heavy ash.
Fresh volcanic eruptions raised fear of more damage as bad weather and rough terrain left thousands of tsunami victims stranded, the New York Times reports.
After Hurricane Katrina, as the city lost billions of dollars in tourism business, the New Orleans Convention and Visitors Bureau embarked on a mission to overcome unprecedented brand impairment. Today, the tourism industry stands taller, stronger than before.
Michael Brown, the former administrator of the Federal Emergency Management Agency and the initial poster child for all that went wrong in the aftermath of Hurricane Katrina, is visiting New Orleans for the fifth anniversary of the event that made him said poster child.
To really know if we have succeeded, to really know if we have created a New Orleans region better than before, we have to go out ten years. Here we will find the “new normal” that will come to pass after the Katrina money has run dry, and the economy is left to stand on its own.
It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.
The BP Gulf of Mexico oil spill's economic fallout has added a cruel hurdle to the effort to relocate the Hurricane Katrina cottage dwellers, who live in the structures for free, paying utilities and rent only for the lots they live on—or paying no rent if they own the lots.
Beaches have been cleaned of crude, the leak has been plugged and some cities never had oil wash ashore at all. Still, tourists stay away from what they fear are oil-coated coastlines—a perception officials say could take years to overcome and cost the region billions of dollars.