"A third of the cotton crop is likely to be affected this year, and cotton directly affected the farmers, but then the
textile
industry, which is a big part of the industrial sector in Pakistan, and that means banks are going to be affected because they’ve been making loans to industries. So this is going to have a
ripple effect
through the economy, and essentially the task will shift from the relief and
rehabilitation
to recovery and reconstruction."
Intelligence officials in Pakistan say a US drone attack in the northwest of the country has killed at least 12 people including suspected militants. The strike in the North Waziristan region also hit a house nearby.
Tiger Woods and his wife Elin Nordegren have divorced, following revelations that the world’s No.1 golfer engaged in a string of affairs. Steve Kingstone reports.
A short written statement confirmed that Tiger Woods and Elin Nordegren have divorced at a Florida court house and would now share the parenting of their two children, aged 3 and 1. Appealing for privacy, the couple wished each other all the best for the future. Details of the financial settlement have not been
disclose
d, but US media reports suggest the former Mrs Woods is walking away with well over $100 million.
The agreement is almost certain to have included a secrecy clause surrounding the circumstances leading to the car crash outside their Florida home, which left Tiger Woods seriously injured and after which he publicly confessed to serial infidelity.