Analysis-French paying dearly to keep inflation ‘poison’ at bay

By Leigh Thomas PARIS (Reuters) – Belgian motorists are crossing the border into France to fill up on subsidised fuel that costs the Treasury billions of euros and is designed to shield French households from the full inflationary pain felt in some neighbouring countries. Subsidies and aggressive price caps on energy have helped shore up … Read more

Agency Aggregator Union Bay Acquires Farrell Insurance in Pennsylvania

Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry Farrell, who founded Farrell Insurance Associates in 1996, has joined the board and the Farrell staff is now part of Union Bay Risk Advisors, … Read more

Odisha receives downpour as depression forms over Bay of Bengal

With a well-marked low-pressure area over west-central and adjoining north-west Bay of Bengal intensifying into a depression, the India Meteorological Department (IMD) on Sunday forecast heavy rainfall across Odisha. The system is about 20km northwest of Gopalpur and is likely to move west-northwestwards across south Odisha and Chhattisgarh during the next 24 … Read more

Odisha, Bengal brace for heavy rain as depression looms over Bay of Bengal

Odisha and neighbouring West Bengal are likely to receive heavy rainfall over the next two to three days, due to a depression that is set to take shape over the Bay of Bengal, the Met office said. A low pressure area, which formed on Saturday, concentrated into a well-marked system over the … Read more

Cyclonic circulation over Bay of Bengal, rain likely in north India: IMD

A low-pressure area now lies over the central Gujarat region and adjoining areas, the Indian Meteorological Department (IMD) said on Wednesday, adding that the associated cyclonic circulation extends up to mid-tropospheric levels tilting southwest. The monsoon trough is active and south of its normal position, the weather agency said. The IMD said … Read more

Hot Housing Market Keeps Home Foreclosures at Bay

The U.S. moratorium on home foreclosures ended nearly a year ago, but the sizzling housing market is still protecting many delinquent mortgage borrowers from losing their homes. The pandemic that wiped out tens of millions of jobs in the spring of 2020 had stirred fears of a home-foreclosure surge similar to the one following the … Read more

India aims to achieve 60% of capex target by September to keep inflation at bay

The finance ministry has asked key infrastructure ministries and departments to speed up projects, setting a target of achieving at least 60% of the FY23 capital expenditure budget target by the end of September. North Block wants to push capital expenditure to support the economy buffeted by high inflation, geopolitical risk and monetary tightening. “We … Read more

M4.1 Earthquake Confirmed in San Francisco Bay Area

A magnitude 4.1 earthquake gave the San Francisco Bay Area an early morning wake-up call Thursday. The U.S. Geological Survey confirmed the 4:07 a.m. quake struck several miles northwest of Bay Point at a depth of 12.2 miles. The area is about 30 miles northeast of downtown San Francisco. There were no immediate reports of … Read more