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Furious locals say their gardens and driveways are collapsing after building work started on a new estate.<br/><br/>Dozens of residents in Sutton-in-Ashfield, Notts., were shocked when cracks appeared in their driveways.<br/><br/>Large chunks of people’s gardens in George Street also sank by up to 3ft amid fears of a major landslip.<br/><br/>The damage is believed to have been caused by powerful vibrations coming from diggers doing groundworks on a new housing development nearby.<br/><br/>Construction has been temporarily halted as investigations are carried out into the building work which developers blame on “heavy rain”.<br/><br/>Resident Susan Tighe, 81, says a large area of her lawn and driveway has sunk into the ground.<br/><br/>She said: “It was about two months ago it started, they’re just doing the groundwork at the moment. <br/><br/>“You can’t see anything and you can’t go on the site. We’re high up and the fields lower down. We think they’ve taken some of the soil away. <br/><br/>“We think it’s the vibration of the machinery that’s caused the problems. <br/><br/>“The vibration of the machinery has shaken the earth around the garden. <br/><br/>“I could just see a crack in the ground. It wouldn’t stop.<br/><br/>“It’s a civil engineering job. If they don’t do anything about it, it’ll fall in the field.” <br/><br/>Linda Jackson, 74, who lives on the street with her husband Richard, 76, said: “Our concern is because they’ve dug away the bank and left a 15ft drop from <br/>our garden, we’re concerned that the same thing will happen to us and our lawn will fall away. <br/><br/>“Apparently they’re going to build a retaining wall but no one has been here to communicate that with us. We just pick bits up here and there. <br/><br/>“Our garden could slip away. It’s a significant drop. When I walked down there I couldn't believe it. <br/><br/>“We were overlooking the field but now we’re overlooking a building site. <br/><br/>“We don't have a right to a view, but we have a right to know what’s going on. <br/><br/>“What I would particularly like is some assurance as to what’s happening. <br/><br/>“We’ve been living here since they were built 50 years ago and nothing like this has ever happened before.<br/><br/>“Most of the people around here are retired. We’ve had our garden landscaped, so if it disappeared into the field it would be very upsetting. <br/><br/>“We’ve had a lot of rain but that hasn’t caused the issue before. <br/><br/>“The noise and the dust is incredible. <br/><br/>“I can’t put white sheets outside because the air is full of dust. It’s just ‘bang bang’ all the time.” <br/><br/>People living in nearby Norwood Close have also reported damage to their homes. <br/><br/>John Whitehead, 70, said: \
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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
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A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.
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