Pandemic boom drives up sales for vacations homes with high natural disaster risk

“The threat of climate change isn’t the top concern for a lot of homebuyers, which means they often prioritize factors like warm weather and proximity to the beach over avoiding natural-disaster risk,” said Sheharyar Bokhari, a senior economist at Redfin. “Second-home owners, in particular, have another place to live if disaster strikes—another reason climate danger … Read more

Inflation drives surge in interest payments on UK public debt

Interest payments on UK government debt hit one of the highest levels on record last month as rising inflation limited an expected fall in public sector borrowing. Interest costs rose to £7.6bn in May, well above the figure for last year and higher than a £5.1bn forecast from the Office for Budget Responsibility, following a … Read more

India’s record heatwave drives temperature gap between rich and poor

India’s record-breaking heat wave is hitting some poorer, urban neighborhoods harder than more leafy, affluent ones. Temperatures in the gritty New Delhi locality of Mungeshpur averaged 1.4° Celsius higher so far this month than in the suburban enclave of Safdarjung, data from the India Meteorological Department shows. Many factors can … Read more

Dollar General drives higher on raised sales forecast (NYSE:DG)

Spencer Platt/Getty Images News Dollar General (NYSE:DG) is building back from losses in recent weeks as US consumers go bargain hunting. The discount retailer reported GAAP EPS of $2.41 and $8.8 billion in revenue for the first quarter, coming in above analyst estimates by $0.11 and $90 million respectively. Additionally, same store sales held up … Read more

EU oil embargo ‘in days’ as Ukraine isolation drives Russia closer to China By Reuters

3/3 © Reuters. Local women walk along a street while Ukrainian servicemen patrol an area, as Russia’s attack on Ukraine continues, in the town of Kurakhove, in Donetsk region, Ukraine May 20, 2022. Picture taken May 20, 2022. REUTERS/Anna Kudriavtseva 2/3 By Oleksandr Kozhukhar and Hans-Edzard Busemann LVIV, Ukraine/BERLIN (Reuters) – The European Union will … Read more

EU oil embargo ‘in days’ as Ukraine isolation drives Russia closer to China

Breadcrumb Trail Links PMN Business Author of the article: Reuters Oleksandr Kozhukhar and Hans-Edzard Busemann Article content LVIV — The European Union will likely agree an embargo on Russian oil imports “within days,” according to its biggest member Germany, as Moscow said it saw its economic ties growing with China after being isolated by the … Read more

PM calls upon spiritual centres to inspire startups, Make in India drives

Speaking at the 80th birthday celebration of Sri Ganapaty Sachchidananda Swamy, Prime Minister Narendra Modi on Sunday said that spiritual centers can become centers of inspiration for startups and Make in India initiatives in the country. He said that the saints of the country have always inspired people to rise … Read more

Deere Stock Gains As Farm Equipment Demand Drives Q2 Earnings Beat

Updated at 8:02 am EST Deere & Co.  (DE) – Get Deere & Company Report posted better-than-expected second quarter earnings Friday, and boosted its full-year profit forecast as farm equipment demand looks set to outpace inflation and supply-chain pressures that are disrupting delivery schedules.  Deere said earnings for the three months ending on May 1, the … Read more

Delhi govt seeks report from BJP-ruled civic bodies on demolition drives

The Delhi government has sought a detailed report from the BJP-ruled civic bodies on the demolition drives being conducted by them across the city since April 1, officials sources said on Wednesday. This comes days after a series of anti-encroachment drives were conducted by the three civic bodies in different parts … Read more

Lower mortgage volume drives title earnings down, Doma layoffs

At Fidelity National Financial, the parent company of three of the top seven underwriters during 2021, net earnings fell to $397 million for the first quarter, compared with $533 million in the fourth quarter and $605 million one year ago. Title revenue, however, was stable on a year-over-year basis at $2.4 billion, versus $2.5 billion … Read more