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A woman walks next to the coast as tropical Storm Karen approaches in Naguabo, Puerto Rico, on Tuesday. Photo: Eric Rojas/AFP/Getty Images

Tropical Storm Karen triggered limited power outages, flooding and landslides to Puerto Rico and the U.S. Virgin Islands as it barreled across the region early Wednesday, AP reports.

Why it matters: The islands are still recovering from the devastation caused by Hurricane Maria 2 years ago.

Details: Tropical storm warnings had been discontinued for Puerto Rico and all the Virgin Islands, but rains and flash-flooding was set to continue across the islands Wednesday, the National Hurricane Center said at 5 a.m. ET.

  • Puerto Rico was jolted by a 6.0-magnitude earthquake that struck near the island over Monday night, but there was no major damage reported.

The big picture: Karen is 1 of 3 tropical storm systems in the Atlantic Ocean. Per the NHC:

  • Post-Tropical Cyclone Jerry was expected to pass near Bermuda later Wednesday.
  • Lorenzo strengthened from a tropical storm into a hurricane — the 5th Atlantic hurricane of the season. It's forecast to become a major hurricane by Thursday, but it's not expected to threaten the Caribbean.

Go deeper: The Atlantic Basin's tropical storms and hurricanes in 2019

Editor's note: This article has been updated with new details on the storms.

Go deeper

1 hour ago - Sports

Unvaccinated athletes face 21-day quarantine at Beijing Olympics

Logos for the 2022 Winter Olympics at Yanqing Ice Festival in February 2021 in Beijing. Photo: Lintao Zhang/Getty Images)

Athletes, staff members and journalists at the 2022 Beijing Olympic and Paralympic Winter Games who have not been vaccinated against the coronavirus will be required to quarantine for three weeks, the International Olympic Committee (IOC) outlined in its newly-published "playbooks."

Why it matters: The quarantine period is longer than the Games themselves, meaning vaccinations or an earlier arrival date will be required to participate in or cover the Games.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.