Six dead as huge sinkhole swallows bus in China


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An enormous sinkhole swallowed a bus and pedestrians in north-west China, causing an explosion.

Six people were killed in the incident and four more are missing, state media said on Tuesday.

Footage showed people at a bus stop running for their lives as a road collapsed beneath them and the bus sank into the ground.

Several people disappeared into the sinkhole as it spread, including what appeared to be a child. The incident also triggered an explosion inside the hole, video showed.

Sinkholes are not unknown in China, where they are often blamed on construction works and the country’s rapid pace of development.

The incident occurred at about 5.30pm (1.30pm UAE time) on Monday in Xining, the capital of Qinghai province, the state-run broadcaster CCTV said.

A search and rescue operation involving more than 1,000 people and 30 vehicles was under way, said the official Xinhua news agency.

An investigation into the cause has been opened.

Video footage published by state broadcaster CGTN showed a person being pulled from the hole by rescue workers.

The collapse left an 80-square-metre pit in the street, outside a hospital.

The 16 injured were taken to hospital and are in a stable condition, Xinhua said, citing a local emergency management official.

In 2016, at least three people fell into a huge sinkhole in central Henan province, which swallowed a section of road and passersby.

German intelligence warnings
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Source: Federal Office for the Protection of the Constitution

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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