British home prices will plummet if the United Kingdom votes to leave the European Union this week, billionaire investor Wilbur Ross said Tuesday. The bulk of WL Ross & Co.’s business in the U.K. is in mortgage lending. Ross sees a home price collapse hitting older Britons particularly hard. Older ... Read More »
Companies should be fined if they fail to guard against cyber attacks, MPs have recommended in the wake of last year’s TalkTalk hack. The Culture, Media and Sport Select Committee inquiry made a number of recommendations, but stopped short of suggesting that criminal proceedings should apply to employees who fail ... Read More »
The biggest complaint in the spring homebuying season was simply that there weren’t enough homes to buy. Demand is strong for housing, but listings are low and getting lower. That supply strain has put strong upward pressure on home prices in most markets, but apparently not in all markets, according ... Read More »
Welsh universities have nailed their colours firmly to the mast in the referendum on the UK’s membership of the European Union. They have received millions from the EU for research and new buildings. The representative body Universities Wales says this funding ultimately has huge benefits for the Welsh economy. But ... Read More »
Tesla Motors has made a bid to acquire SolarCity – a US company that designs, finances and installs solar power systems – in an attempt to boost its clean energy business. The electric car maker’s offer is estimated to be worth about $2.8bn (£1.91bn), sending the company’s shares soaring. Shares ... Read More »
What would happen to the UK’s science and technology industries if the country votes to leave the EU? :: Scientific Funding Scientists in the UK received €8.8bn (£6.8bn) in research funding from the EU from 2007-2013, according to the Royal Society – more than the €5.4bn (£4.1bn) we contributed over ... Read More »
The U.S. Senate on Wednesday voted down a Republican-backed proposal to expand the Federal Bureau of Investigation’s secretive surveillance powers after the mass shooting at an Orlando gay nightclub last week. The measure followed the Senate’s rejection on Monday of four measures that would have restricted gun sales. During Wednesday’s ... Read More »
Many male primary care doctors regard heart disease as a man’s issue and don’t assess risk in female patients, a new French study finds. Many of these physicians “will be surprised by our findings, and I hope this will help them ensure they assess [heart] risk equally in their male ... Read More »
Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union. “Brexit is a risk that we are monitoring. We will be watching closely to see what the ... Read More »
Another drop in mortgage interest rates, to their lowest level in three years, sent borrowers back to the bank to refinance home loans. Total mortgage application volume increased 2.9 percent last week on a seasonally adjusted basis from the previous week. Applications are now nearly 35 percent higher than one ... Read More »
Facebook boss Mark Zuckerberg puts tape over his laptop’s webcam and microphone jack – a move typically used to thwart potential snooping hackers. He shared a photo of himself celebrating the success of Facebook-owned Instagram, which now has 500 million users. But people quickly noticed that the MacBook sitting on ... Read More »
