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  • Rapid Fault Healing May Redefine Quake Physics

    Rapid Fault Healing May Redefine Quake Physics

    Earthquake faults located deep within the planet can reconnect after a seismic disturbance, according to new research from the University of California, Davis. The study, published Nov. 19 in Science Advances and supported by National…

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  • The future of AI browsing may depend on developers rethinking how they build websites

    The future of AI browsing may depend on developers rethinking how they build websites

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  • Pistachio consumption at night linked to improved gut health and immunity

    Pistachio consumption at night linked to improved gut health and immunity

    A new study has found that eating pistachios may significantly benefit gut health, reduce inflammation, and boost immunity – particularly when consumed at night.

    Research conducted in the United States, involving…

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  • Elmo is 40, but he is forever 3

    How do you feel about Elmo?

    It might depend on how old you were one autumn 40 years ago, when the diminutive, fuzzy red monster first appeared as a regular character on the educational children’s television program “Sesame Street.” If you…

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  • Swiss regulator warns mortgage risks are rising as banks stretch lending rules

    Swiss regulator warns mortgage risks are rising as banks stretch lending rules

    GENEVA, Nov 22 (Reuters) – Switzerland’s financial market regulator warned on Saturday of growing risks in the housing market, saying banks were stretching mortgage lending criteria as property prices continue to climb.

    “The risk in the mortgage market is high, prices continue to rise, and the danger of a correction is correspondingly high,” the head of FINMA, Stefan Walter, told the Swiss news outlet Blick in an interview.

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    “We have found that the scope for granting mortgages is being exploited excessively by various banks.”

    Internal criteria are either too loose, or a high proportion of financing goes beyond some banks’ own affordability rules, he stated.

    He told Blick that some banks were relaxing their internal lending criteria on between 25% and 40% of mortgage loans as a result of intense competition.

    FINMA intervenes when it sees exceptions of that level, he added.

    Reporting by Olivia Le Poidevin; Editing by Kevin Liffey

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • Sally Barbrook ready to take on the British Rowing Indoor Championships after just 12 months of rowing

    Sally Barbrook ready to take on the British Rowing Indoor Championships after just 12 months of rowing