UK inflation above 10%, highest since 1982

CPI rate rises to 10.1% in July from 9.4% in June Inflation was last higher in February 1982 Economists expect BoE to raise interest rates again next month Signs of some relief from price pressure for factories LONDON, Aug. 17 (Reuters) – UK consumer price inflation rose to 10.1% in July, its highest level since … Read more

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

Musk’s tweets about buying Manchester United are no joke for tired fans

Aug 17 (Reuters) – After seeing eight coaches come and go in less than 10 years, Manchester United fans know their false dawn. Wednesday shed another light on the struggle at the giant football club: Elon Musk said he bought it — then said it was all a joke. Musk, the world’s richest person, said … 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

American actor Anne Heche was taken off the ventilator 9 days after car accident

LOS ANGELES, Aug. 14 (Reuters) – American actor Anne Heche was taken off a ventilator on Sunday, nine days after she suffered serious injuries in a fiery car accident after a compatible person took delivery of her donated organs, a spokesman said. . Heche, 53, had been legally dead since Friday, although still with a … Read more