US Housing Market Starts Nearly 1-1/2 Year Low; factory output bounces back

Home start-up drops 9.6%; building permits fall 1.3% Single-family start tumbles 10.1%; licenses decrease 4.3% Home construction backlog is up 5.0% Manufacturing production recovers 0.7% WASHINGTON, Aug. 16 (Reuters) – US housing construction fell to its lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and building materials prices, suggesting … Read more

Chinese military ship docks in Sri Lanka port despite Indian concerns

Chinese military research vessel Yuan Wang 5 arrives at Hambantota International Port in Hambantota, Sri Lanka, Aug. 16, 2022. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register COLOMBO, Aug. 16 (Reuters) – A Chinese military research vessel docked at the Chinese-built port of Hambantota in Sri Lanka on Tuesday after being delayed for … Read more

Iran says Rushdie and supporters are responsible for attack

Do not blame Tehran, Foreign Ministry spokesman says Says novelist ‘crossing red lines’ for Muslims Rushdie stabbed multiple times on Friday Attack condemned by writers, politicians around the world DUBAI, Aug. 15 (Reuters) – Iran’s foreign ministry said on Monday that no one had the right to make accusations against Tehran over Friday’s attack on … Read more

Kenya’s Ruto: from village chicken seller to president

SAMBUT, Kenya, Aug. 15 (Reuters) – In the rolling red hills outside the western Kenyan town of Eldoret, residents remember William Ruto as a barefoot schoolboy who sold chickens at a roadside stall. Even then, he possessed a fierce intelligence, they recalled, as they welcomed his ascent to his country’s presidency on Monday with a … Read more

South Africa’s ‘quiet revolution’ as those with cash go solar

Power crisis drives South Africans to solar PV Cost barrier widens the gap between rich and poor Not selling back to the net a missed opportunity JOHANNESBURG, Aug 15 (Reuters) – Thanks to his solar panels on the roof, Pierre Moureau only notices the blackouts that regularly plunge South Africans into darkness when complaints surface … Read more

As the Fed warns of turbulence ahead, markets are taking off their seat belts

WASHINGTON, Aug. 15 (Reuters) – The Federal Reserve’s aggressive message on inflation quickly registered in US housing markets this summer as mortgage rates skyrocketed and home sales slowed. But that was the only prominent and expected adjustment in an economy that has faced the most aggressive shift in monetary policy from the US central bank … Read more

Salman Rushdie off ventilator and ‘road to recovery has begun’, says officer

Aug 14 (Reuters) – Salman Rushdie, the acclaimed author who was stabbed repeatedly during a public appearance in upstate New York on Friday, 33 years after Iran’s then Supreme Leader summoned him to be killed, is off ventilator and his health is bad. improve, his agent and a son said on Sunday. “He is off … Read more

China boosts fuel exports in August, but shipments drop to 7-year low in 2022

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, China’s Shandong province, 12 January 2017. Photo taken on January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Reuters.com Register Shipments of diesel, petrol and jet fuel drop by 30%-40% from 2021 August diesel exports to top 1 million … Read more

Suspect’s father refuses to talk about Salman Rushdie attack

A New Jersey police officer stands guard outside the building where Salman Rushdie’s alleged attacker, Hadi Matar, lives in Fairview, New Jersey, US, Aug. 12, 2022. REUTERS/Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register BEIRUT, Aug. 14 (Reuters) – The father of a man accused of attempted murder of writer Salman Rushdie … Read more

UN chartered ship in Ukraine ready for trip to Africa

YUZHNE, Ukraine, Aug. 14 (Reuters) – The United Nations-chartered ship Brave Commander will depart from Ukraine for Africa in the coming days after it finishes loading more than 23,000 tons of wheat at the Ukrainian port of Pivdennyi, said a UN official. The ship, which has arrived in port near Odessa, will sail to Ethiopia … Read more