Living on the EDGE: Homes inch ever closer to falling into the sea
Dozens of families on the east coast of England could be forced to abandon their homes as coastal erosion threatens to doom their properties to the sea. A recent report by climate group One Home estimated that coastal homes in England worth a total of £584million could be lost to cliff collapses by 2100. The report […]
Housing storm leaves UK exposed, skews policy: Mike Dolan
By Mike Dolan LONDON, Nov 16 (Reuters) – If financial markets bore the brunt of this year’s interest rate shock, housing now stands in the firing line. And a residential real estate quake would hurt many economies far more, amplifying the bond market ructions of the past 12 months if inflation can’t be contained quickly […]
Brazilian 'ghost' aircraft carrier gets a reprieve
BRASILIA, Feb 1 (Reuters) – A decommissioned 32,000-ton 1960’s aircraft carrier has been floating off Brazil’s shore for three months since Turkey refused it entry to be scrapped there because the rusting ship is an environmental hazard. The Brazilian Navy’s Sao Paulo carrier had been towed by tugs to Europe but did not get past […]
