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US reels in Sandy’s wake

Businesses and residents across the northeast US face billions of dollars of losses and days of disruption after hurricane Sandy swept through the region.

The storm rolled inland yesterday having caused the deaths of at least 38 people in the US and Canada, cutting power to 8m people and flooding Wall Street and much of lower Manhattan.

The New York Stock Exchange, after being closed for two days, plans to resume normal trading today. But Michael Bloomberg, New York mayor, said it could be at least three days before electricity supplies were restored to the 750,000 people in the city who lost power, and four days before the subway was running again.

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