In the past year, overseas buyers hunting for a property bargain in London had helped support earnings at the British up market apartment developer Berkeley Group, the Company said.

Despite signs of recovery coming in both from the housing sector as well as the overall economy, UK's third largest house builder, Berkeley, reported a fall in earnings while reporting its interim figures on Friday. Pre-tax profits, as confirmed by the company, slipped to 52 Million Pounds compared to last year's figure of 79.6 Million Pounds.

Underlining new ways to predict earthquakes in future, a study by the US researchers has noted that powerful earthquakes have the potential to prompt weakening geologic faults even half the world away!