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Australian bushfires damage to surpass $4.4 billion

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Australia

U.S.-based consultancy firm Moody's Analytics Inc. said that the damage caused by Australian bushfires is expected to surpass the $4.4 billion worth of damage caused by the Black Saturday blazes in 2009, The Guardian reports. The bushfires have burnt at least 8.4 million hectares of land across the country so far.  

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