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At least 48 dead after bus plunges 100m off ‘devil’s cliff’ at popular Peruvian backpacker destination.

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At least 48 people have been killed after a bus plunged 100 metres off a cliff in a popular backpacking destination in Peru.

The bus collided with a truck before it careened off along a sharply curving highway north of the capital, Lima, the country’s health ministry said.

The accident took place on the Panamericana Norte highway near the area of Pasamayo on the Pacific coast on Tuesday.

Six people survived the crash and were being treated for injuries while the government rushed emergency medical services to the site.

From the first moment I arranged all immediate support for the rescue of the victims in this emergency,” President Pedro Pablo Kuczynski tweeted.

Road accidents are common in Peru because of unsafe highways.

Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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