Italy's illegal construction puts millions at risk in high-density areas
Rome
AS ITALY reels from another earthquake, experts warned Wednesday that widespread illegal construction is putting millions across the country at risk of being killed.
The tremor that shook the island of Ischia on Monday, toppling houses and killing two women, has sparked much soul-searching in a country with a weakness for rule-breaking - particularly when it comes to building or renovating houses.
Geologists insisted that the relatively minor 4.0-magnitude quake should not have killed anyone and the civil protection agency laid the blame on the "many structures built with shoddy and illegal materials" on the island. Residents there have pu…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Apple to invest US$250 million into expanding Ang Mo Kio campus
High Court dismisses Chinese businessman’s claims against Huttons and agent in misrepresentation suit
US 30-year mortgage rate rises to a four-month high of 7.13%
US homebuilding retreats as housing recovery stalls
China Vanke seeks to sell 21.4% stake in logistics operator GLP
Fannie Mae’s new mortgage-scoring system aims to lift MBS demand