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Explainer-What to know about Tropical Storm Beryl as it heads toward Texas

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By Sarah Morland

(Reuters) -Powerful Hurricane Beryl was the 2024 Atlantic season’s first hurricane and the earliest storm on record to reach the strongest possible ranking of Category 5, before weakening to a tropical storm as it barrelled toward Texas on Sunday.

The storm, which is responsible for at least 11 deaths as it swept through the Caribbean, could strengthen back to a Category 1 hurricane, and possibly a stronger Category 2, according to the National Hurricane Center. It is expected to make landfall on the Texas coast between Corpus Christi and Galveston early Monday, according to LSEG data.

Record-breaking sea temperatures that allow tropical storms to get stronger faster, driven by human-caused climate change and cyclical weather patterns, are fueling what scientists say is shaping up to be a very dangerous hurricane season.


A Category 5 is the strongest hurricane on the Saffir-Simpson Scale, bringing winds of 157 mph (252 kph) or higher, capable of causing catastrophic damage including the destruction of homes and infrastructure.

Since 1960, only 30 Atlantic hurricanes have reached Category 5, with 2005 – the year deadly Hurricane Katrina devastated New Orleans – setting the record for the most recorded in a single season, at four. 


Hurricane Beryl is the earliest Category 5 hurricane on record in the Atlantic, according to the United Nations’ World Meteorological Organization. 

Anne-Claire Fontaine, a scientific officer for the agency, said a reason Beryl had developed so early in the season was because the “hurricane alley” is hitting its warmest ever temperatures.

Scientists say a streak of record temperatures in the North Atlantic since early last year would be extremely unlikely without climate change, driven by man-made fossil fuel emissions. 

Higher water temperatures allow storms to intensify quicker, and ocean temperatures of at least 26.5 degrees Celsius (79.7 degrees Fahrenheit) are needed to maintain a tropical cyclone. According to NOAA, north Caribbean coastal water temperatures are hovering around 29.4 C (85 F).


Beryl is currently forecast to makes landfall on the middle Texas coast between Corpus Christi and Galveston early Monday, according to LSEG data. The storm would then turn northeastward and move farther inland over eastern Texas and Arkansas late Monday and Tuesday, NHC said.

The Texas Gulf Coast is expected to get 5 to 10 inches (13 to 25 cm) of rain, with up to 15 inches in some areas beginning Sunday through Monday night, NHC said. Storm surge could reach 4 to 6 feet (1.2 to 1.8 meters) in Mesquite Bay and Matagorda Bay.

Hurricanes typically weaken as they move over land. 


Beryl is the strongest storm to hit the south-eastern Caribbean in 20 years, when 2004’s Ivan smashed into Grenada as a Category 3, damaging most of its buildings, wreaked havoc over Jamaica as a Category 4 and strengthened to Category 5 over western Cuba. 

Ivan weakened before hitting the United States but spawned over a hundred tornadoes. It killed around 90 people and left more than $20 billion in damages.

On Monday, Beryl made landfall on small islands in the eastern Caribbean, smashing fishing boats in Barbados, knocking out drinking water in St. Lucia, downing power lines and reportedly killing two people in Grenada and St Vincent.

It is blamed for at least 11 deaths in the Caribbean.


As the Caribbean prepares to bear the brunt of a highly destructive hurricane season, regional leaders have pushed for better financing options so governments can invest more in protecting their populations from worsening climate change.

Highly indebted and tourism-dependent Caribbean states have long called on wealthy nations and top global polluters to do more to honor their pledges to meet emissions goals, provide climate adaption funds and consider debt relief.

However, a Reuters investigation found that billions in funds sent to help developing nations battle climate change have been funneled back to rich nations.


Hurricane seasons are annual periods during which tropical storms are most likely to form, fueled by strong ocean breezes, warm seas and humidity. In the Atlantic Ocean this typically lasts from June through November, peaking in the late summer. 

© Reuters. Hurricane Beryl approaches Jamaica in a composite satellite image over the Caribbean Sea July 3, 2024.     NOAA/Handout via REUTERS

The Atlantic is also home to the so-called Hurricane Alley, or Main Development Region, a stretch of warmer water spanning from West Africa to much of the Caribbean, Central America, Mexico and the southern United States.

On average, a hurricane season produces 14 named storms (winds of at least 39 mph or 63 kph), of which seven become hurricanes (winds over 74 mph or 119 kph) and three become “major,” with wind speeds over 111 mph (178 kph). But as ocean temperatures break new records, the U.S. National Oceanic and Atmospheric Administration has warned of an “extraordinary” 2024 Atlantic season and forecast 17 to 25 named tropical storms, eight to 13 hurricanes and between four and seven major hurricanes.

Stock Markets

Citi maintains Neutral on Terex shares, cites ESG business purchase

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On Monday, Terex Corporation (NYSE:) maintained its Neutral rating with a steady stock price target of $60.00, as announced by Citi. Terex disclosed it has signed an agreement to purchase Dover’s Environmental Solutions Group (ESG) business, which includes refuse vehicles and compaction equipment.

The deal is valued at $2 billion in gross terms, with a net purchase price of approximately $1.725 billion after accounting for the present value of roughly $275 million in tax benefits.

The net purchase price is approximately 9.6 times ESG’s projected 2024 EBITDA, with the multiple decreasing to around 8.4 times after factoring in the expected synergies of about $25 million. Terex anticipates the acquisition will be accretive to its adjusted earnings per share (EPS) by double digits in 2025. The acquisition is seen as beneficial, enhancing Terex’s business narrative and providing clear cost and revenue synergies.

Despite the premium paid over Terex’s current enterprise value to EBITDA multiple, the acquisition is considered potentially advantageous for Terex.

Success hinges on the company’s ability to realize the targeted synergies, the promised accretion to EPS, and ESG’s ability to deliver the forecasted mid-single-digit long-term compound annual growth rate (CAGR) with minimal business cyclicality. The transaction is slated for completion in the fourth quarter of 2024.

In other recent news, Terex Corporation has acquired Environmental Solutions Group (ESG) from Dover Corporation (NYSE:) in a deal valued at $2.0 billion, expanding its market reach. The acquisition, expected to close in the second half of 2024, will enhance Terex’s position in the waste and recycling sector. ESG’s integration will create a new Environmental Solutions segment within Terex, combining it with Terex’s existing Utilities business.

In other developments, Dover Corporation’s first-quarter earnings exceeded analyst estimates, with an adjusted EPS of $1.95, surpassing the expected $1.87. Revenue for the quarter also surpassed expectations, reaching $2.09 billion against the consensus estimate of $2.04 billion.

In analyst notes, Mizuho Securities has revised its outlook on Dover, raising its price target to $185 from the previous $180. The firm also revised its earnings per share estimates for Dover for 2024 and 2025, increasing them to $9.10 and $9.75, respectively. These recent developments indicate a positive outlook for Dover’s financial future.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Stock Markets

Israeli parliament votes to label UN relief agency a terror organisation

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JERUSALEM (Reuters) – The Israeli parliament gave preliminary approval on Monday to a bill that declares the main United Nations relief organization for Palestinians a terrorist organisation and proposes to sever relations with the body.

The vote against the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) is the latest step in a Israeli push against the agency, which Israeli leaders have accused of collaborating with the Islamist movement Hamas in Gaza.

The bill was approved in a first reading and will be returned to the foreign affairs and defence committee for further deliberation, the Knesset information service said.

The bill’s sponsor, Yulia Malinovsky, was quoted as describing UNRWA as a “fifth column within Israel”.

UNRWA provides education, health and aid to millions of Palestinians in Gaza, the West Bank, Jordan, Lebanon and Syria. It has long had tense relations with Israel but relations have deteriorated sharply since the start of the war in Gaza and Israel has called repeatedly for UNRWA to be disbanded.

“It’s another attempt in a wider campaign to dismantle the agency,” UNRWA spokesperson Juliette Touma said. “Such steps are unheard of in the history of the United Nations.”

Israel has said hundreds of UNRWA staff are members of terrorist groups, including Hamas and Islamic Jihad, but has yet to provide evidence to a U.N.-appointed review.

© Reuters. FILE PHOTO: A United Nations Relief and Works Agency (UNRWA) sign lies on the ground, amid the ongoing conflict in Gaza between Israel and the Palestinian Islamist group Hamas,  at the Kerem Shalom crossing in southern Israel, May 30, 2024. REUTERS/Amir Cohen/File Photo

Several donor countries halted funding to UNRWA following the Israeli accusations but many have since reversed the decision, including Britain which said last week it would resume funding.

Both Hamas and the Palestinian Authority condemned the Israeli vote, and Hussein Al-Sheikh, a senior ally of Palestinian President Mahmoud Abbas, called on the international community to resist attempts to dissolve the agency.

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Stock Markets

Israel sends tanks back into Khan Younis area, 70 killed after new evacuation order

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By Nidal al-Mughrabi, Ari Rabinovitch and Hatem Khaled

CAIRO/JERUSALEM/GAZA (Reuters) -Israel sent tanks back into the greater Khan Younis area and at least 49 Palestinians were killed by Israeli fire, Gaza medics said on Monday, after ordering evacuations of some districts it said had been used for renewed attacks by militants.

The Palestinians were killed by tank salvoes in the town of Bani Suhaila and other towns fringing the eastern side of Khan Younis, with the area also bombarded by air, they said.

Residents of the densely built-up area of southern Gaza said the tanks advanced for more than two kilometres into Bani Suhaila, forcing residents to flee under fire.

“It is like doomsday,” one resident, who only identified himself as Abu Khaled, told Reuters via chat app. “People are fleeing under fire, many are dead and wounded on the roads.”

The Gaza health ministry said the dead included several women and children and that at least 186 other people had been injured by Israeli fire. The Gaza ministry does not distinguish between militants and civilians in its death tallies.

Around 400,000 people are living in the targeted areas and dozens of families have begun to leave their houses, Palestinian officials said, adding they were not given time to get out of harm’s way before the Israeli strikes began.

Some families fled on donkey carts, others on foot, carrying mattresses and other belongings.

The Palestinian Red Crescent Society said two of its clinics located in eastern Khan Younis had been knocked out of operation because of the new Israeli offensive.

At Khan Younis’ Nasser Hospital, some people stood outside the morgue to bid farewell to dead relatives.

“We are tired, we are tired in Gaza, every day our children are martyred, every day, every moment,” said Ahmed Sammour, who lost several relatives in bombings of eastern Khan Younis.

“No one told us to evacuate. They brought four floors crashing down on civilians… and the bodies they could reach, they brought to the refrigerator (morgue),” Sammour added.

There was no immediate Israeli comment on the strikes on the eastern side of Khan Younis, whose population initially fled their homes when Israeli tanks stormed in several months ago, before returning after they withdrew to rebuild their lives.

In nearby Deir Al-Balah, where hundreds of thousands of Palestinians are sheltering, an Israeli airstrike hit a tent used by local journalists inside Al-Aqsa Hospital, killing one of them and wounding two other people, the Hamas-run Gaza government media office said.

The new death raised the number of Palestinian journalists killed in the Israeli offensive to 163, it added.


Earlier on Monday, the Israeli military said it had issued new evacuation orders due to renewed Palestinian militant attacks, including rockets launched from the targeted areas in eastern Khan Younis. The orders did not include health institutions, Palestinians said.

The military said it was adjusting the boundaries of a designated humanitarian zone in coastal Al-Mawasi – to the west of Khan Younis – to keep the civilian population away from areas of combat with Hamas-led Palestinian militants.

The Gaza Civil Emergency Services said Israel’s new orders showed it had downsized the humanitarian-designated areas in southern and central areas, where 1.7 million people were sheltering, to 48 square km from 65 square km in the past.

The Palestinians, the United Nations and international relief agencies have said there is no safe place left in Gaza.

Health officials at Nasser Hospital in Khan Younis urged residents on Monday to donate blood because of the large number of casualties being rushed into the medical centre.

“A family, including children, were all torn to pieces while they were sleeping,” said one man who arrived at the hospital in an ambulance bearing the bodies.

Israel has vowed to eradicate Hamas after militants killed 1,200 people and took more than 250 hostages in a cross-border assault on Oct. 7, 2023, according to Israeli tallies.

© Reuters. A Palestinian woman sits on a wheelchair as she and others flee the eastern part of Khan Younis after they were ordered by Israeli army to evacuate their neighborhoods, amid Israel-Hamas conflict, in Khan Younis in the southern Gaza Strip July 22, 2024. REUTERS/Hatem Khaled

The death toll among Palestinians in Israel’s retaliatory offensive since then had reached at least 39,006 as of Monday, Gaza health authorities said.

A ceasefire effort led by Qatar and Egypt and backed by the U.S. has so far fallen short because of disagreements over terms between the combatants, who blame each other for the impasse.

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