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Mon Nov 05, 2018 10:07 am

VIENNA, April 27 (Xinhua) -- Austrian fruit farmers in the southeastern state of Styria on Wednesday said they face crop losses totaling an estimated 100 million euros (113.2 million U.S. dollars) following frosty conditions overnight on Monday.

The fruit-growing regions of the state were affected by temperatures that had dropped to between minus 2.5 and minus 6 degrees Celsius.

Estimates claim up to 80 percent of the entire fruit crop has been destroyed. Primarily affected have been fruit varieties either in full bloom or those beginning to grow small, delicate fruit.

This includes apples, pears, plums, cherries and apricots. The approximately 2,000 apple farmers in the state appear particularly hard-hit, some now facing a complete crop failure.

A spokesperson for commercial fruit growers in the state said, according to an ORF report, that in the current phase of growth the fruit crop is very sensitive to frost. It can only handle temperatures half a degree below zero, and even at minus one degree most of the flowers will have died.

In preparation for further cold temperatures many farmers have reportedly also taken to placing paraffin candles amongst their crop in order to increase temperatures.

There are fears that both wine and pumpkin crops could have been jeopardized by the frost, with both also in a sensitive phase of development.

State officials are now examining how far insurance will cover the damage, and also to what extent the finance ministry will provide catastrophe funding to the thousands of families that have in some cases lost their entire income for the year.

In 2014 and 2015, weather conditions also led to massive crop failures in the state's well known pumpkin industry.

BEIJING Joe Looney Jersey , Aug. 26 (Xinhua) -- Chinese stocks jumped several minutes after trade opened in the afternoon session on Wednesday, with the benchmark Shanghai Composite Index up more than 3 percent.

In the morning session, Chinese shares continued to fluctuate despite intervention by the central bank.

The benchmark Shanghai Composite Index opened slightly higher before suffering a bout of jitters to dip below 2 Bo Scarbrough Jersey ,900 points. It then rebounded to close the morning session 0.8 percent higher at 2,988.76.

The smaller Shenzhen Component Index edged up 0.02 percent to 10,200.38 points.

On Tuesday evening Mike White Jersey , the People's Bank of China (PBOC) cut interest rates for one-year lending and deposits by 25 basis points, and announced a reduction of the reserve requirement ratio (RRR), the portion of money banks need to set aside.

This is the fourth RRR reduction in nearly seven months Dalton Schultz Jersey , and the fifth round of interest cuts in nearly nine months.

The central bank said the move was aimed at supporting the real economy amid downward pressure on growth and fluctuations on global financial markets.

Chinese stocks have tumbled in the past week following the release of weak economic data and a depreciation of the yuan, with the benchmark Shanghai index diving 8.49 percent on Monday in its biggest daily slump since February 2007.

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