Super Typhoon Mangkhut threatens to hit Asia with $120 bn in damages

The world's most powerful storm of the year ripped into Cagayan province in the northern Philippines with winds of up to 269 kilometers per hour

Super Typhoon Mangkhut battered the Philippines with gales and torrential rains, toppling power lines, triggering landslides and damaging an airport before heading toward China’s Guangdong coastline and Hong Kong.

The world’s most powerful storm of the year ripped into Cagayan kilometres in the northern Philippines with winds of up to 269 kilometers per hour. By U.S. standards it was a Category 5 storm on the five-step Saffir-Simpson scale, according to the U.S. Navy and Air Force’s Joint Typhoon Warning Center in Hawaii. It’s forecast to cross the South China Sea and strike Guangdong by Sunday.

If the typhoon stays its course, Mangkhut