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US rates 'set for rise this year'

2015-07-10 20:18:26| BBC News | Business | UK Edition

Federal Reserve chairwoman Janet Yellen repeats her view that the central bank is likely to start raising interest rates this year.

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European car sales to rise 5%

2015-07-10 11:23:05| Auto Dealers - Topix.net

The European Car Association has changed its previous prediction of 2% growth for the car sales in Europe up to 5% in 2015 vehicles to be sold, amounting to 13 million cars due to be purchased in the midst of an economic recovery. Since 2007 when the financial crisis began, it was not until last year that the first increase in car sales was registered, up to 13.6 million passenger cars being sold in Europe.

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Sea Level Could Rise at Least 6 Meters

2015-07-09 23:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Central: Even if world manages to limit global warming to 2°C -- the target number for current climate negotiations -- sea levels may still rise at least 6 meters (20 feet) above their current heights, radically reshaping the world's coastline and affecting millions in the process. That finding comes from a new paper published on Thursday in Science that shows how high sea levels rose the last time carbon dioxide levels were this high. That was about 3 million years ago, when the globe was about 3-5°F...

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Coastal Nations, Megacities Face 20 Feet of Sea Rise

2015-07-09 23:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Central: If, as suggested by a comprehensive new review in the journal Science, 2°C of global warming will lock in at least 20 feet (6 meters) of eventual sea level rise, what would 2°C of warming (3.6°F) mean for the future and heritage of global nations and cities? It would mean a world we don't recognize, one losing more than 444,000 square miles of land, where more than 375 million people live today. China, the world's largest emitter of greenhouse gases, is home to by far the largest share of those...

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As San Francisco offices fill up, rents rise sharply in Oakland

2015-07-09 07:53:52| Real Estate - Topix.net

As San Francisco's office supply dwindles, more companies are looking east to Oakland, lifting rents and filling older buildings, according to brokerage reports. The overall Oakland office vacancy rate fell to 9.4 percent in the second quarter, the lowest level since 2007, according to brokerage JLL.

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