Economy 15 Aug 2018 US household debt hits new record

"Gradually rising interest rates have yet to dent Americans’ appetite for borrowing, with the total stock of new debt climbing to $13.3 trillion in the second quarter, continuing a gradual rise in household borrowing over the past four years. "Debts rose by $82...

Climate 14 Aug 2018 unprecedented rain in India

"Heavy rain in Himachal Pradesh for the last three days has claimed 19 lives. The state capital Shimla also received the highest rain in August in 117 years, the weather office has said. It has warned the hill state could experience more rain. "The India...

Economy 14 Aug 2018 Turkey a harbinger of EM chaos

"As European stock markets bounced from their lows late on Monday, it was tempting to write off the global ramifications of Turkey’s currency crisis... investors and analysts are starting to see the country’s crisis as a harbinger of things to come in an era in which...

Climate 13 Aug 2018 Russian wildfires increase 10x

"Russia this year has suffered the most Arctic wildfires since satellite monitoring started as climate change creates the conditions necessary for blazes to start and then take hold. "Monitoring by two Nasa satellites recorded 10,057 hotspots in Russia's Arctic...

Economy 13 Aug 2018 Turkey pops

"The Turkish lira fell almost 9% in early trading on Monday and the euro hit a one-year low as investors feared that the country’s financial crisis could spread to European markets. "Despite defiant words by the Turkish president Recep Tayyip Erdoğan over the weekend...

Climate 10 Aug 2018 record highs in Asia

"With the current heatwave proving to be a nightmare in Shanghai, home is not the dream place to catch a good night's rest for some folk. "As the mega city swelters under record-high temperatures, it sometimes looks as if people are dropping dead from the torrid...

Economy 10 Aug 2018 Turkey’s crisis mounts

"Turkey’s banks are dangerously reliant on short-term foreign debt and risk a full-blown crisis unless drastic measures are taken to stabilize the plummeting Turkish lira. "President Recep Tayyip Erdogan has refused to accept austerity measures or call in the...

Climate 9 Aug 2018 heat records keep falling

"It should come as no surprise that California is burning. "On Wednesday, the National Oceanic and Atmospheric Administration (NOAA) reported that July was California's hottest month since record keeping began in 1895. "Those scorching temperatures withered the land,...

Economy 9 Aug 2018 Brexit no-deal looming

"U.K. Prime Minister Theresa May is stepping up the government’s preparations in case Brexit negotiations break down and the country crashes out of the European Union without a deal. "May is planning a top-level meeting of her cabinet ministers early in September...

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