Nowhere to live: Rents in Canada surge as home prices fall

Nowhere to live: Rents in Canada surge as home prices fall

OTTAWA, July 22 (Reuters) – Canadian home prices are dropping fast after surging during the coronavirus pandemic, but that is offering little relief for consumers who face sky-rocketing rents and fading buying power as interest rates rise. Desperate would-be buyers found themselves caught in a frenzy of bidding wars for real estate during the pandemic, … Read more

Fed to stick to 75 bps hike in July; 40% chance of recession

Fed to stick to 75 bps hike in July;  40% chance of recession

The Federal Reserve building in Washington September 1, 2015. REUTERS/Kevin Lamarque/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, July 21 (Reuters) – The US Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation as the … Read more

Sri Lankan president flees country before he was due to step down

Sri Lankan president flees country before he was due to step down

Sri Lanka’s President Gotabaya Rajapaksa presents his national statement as a part of the World Leaders’ Summit at the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 1, 2021. Andy Buchanan/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register COLOMBO, July 13 (Reuters) – Sri Lankan President Gotabaya Rajapaksa fled … Read more

Canada’s emergency rooms bear the brunt of a ‘perfect storm’

Canada’s emergency rooms bear the brunt of a ‘perfect storm’

TORONTO, July 3 (Reuters) – Health authorities across Canada have cut the hours of hospital emergency departments and urgent care clinics in recent weeks, a move that in some cases may extend through the summer, due to a surge in patients and staff shortages. The situation, clinicians say, is tied to a resurgence of viral … Read more

G7 leaders to discuss Iran nuclear talks revival, French official says

G7 leaders to discuss Iran nuclear talks revival, French official says

German Chancellor Olaf Scholz, US President Joe Biden, British Prime Minister Boris Johnson, Japan’s Prime Minister Fumio Kishida, European Commission President Ursula von der Leyen, European Council President Charles Michel, Italy’s Prime Minister Mario Draghi, Canada’s Prime Minister Justin Trudeau and France’s President Emmanuel Macron attends a round table for their first working session of … Read more

North Korea sends aid to 800 families suffering from intestinal epidemic

North Korea sends aid to 800 families suffering from intestinal epidemic

SEOUL, June 17 (Reuters) – North Korean leader Kim Jong Un and other senior officials prepared aid to send to 800 families suffering from an unidentified intestinal epidemic, state media reported on Friday, as the country also battles its first COVID-19 outbreak. North Korea revealed this week it was facing an “acute enteric epidemic” on … Read more

World stocks near fresh 2022 lows on inflation fears

World stocks near fresh 2022 lows on inflation fears

LONDON, June 13 (Reuters) – World stocks fell towards fresh 2022 lows and the Japanese yen slid to levels not seen in nearly a quarter of a century on Monday as red-hot US inflation fueled worries about even more aggressive policy tightening in a big week for central banks. The substantially higher-than-expected US CPI print … Read more

Police arrest several in Canadian capital as bikers parade turns unruly

Police arrest several in Canadian capital as bikers parade turns unruly

April 29 (Reuters) – (This April 29 story refiles to removes extraneous notes, changes “arrests” to “arrest” in headline) Police in the Canadian capital, Ottawa, arrested several people on Friday, after a march by hundreds of bikers, pedestrians and cars waving Canadian flags through downtown Ottawa turned unruly, authorities said. Friday’s parade was a protest … Read more

EU estimates up to 80% of population has had COVID

EU estimates up to 80% of population has had COVID

Commuters wait for the train at the subway station amid the outbreak of the coronavirus disease (COVID-19) in Barcelona, ​​Spain January 12, 2022. REUTERS/Nacho Doce Register now for FREE unlimited access to Reuters.com Register BRUSSELS, April 27 (Reuters) – The European Commission said that between 60% and 80% of the EU population was estimated to … Read more

Japan’s Shionogi says COVID-19 pill shows rapid clearance of virus

Japan’s Shionogi says COVID-19 pill shows rapid clearance of virus

Pedestrians wearing protective face masks, amid the coronavirus disease (COVID-19) pandemic, walk at a shopping district on the first day after the lifting of COVID-19 restrictions imposed on Tokyo and 17 other prefectures, in Tokyo, Japan, March 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, April 24 (Reuters) – … Read more