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

Indiana doctor threatens to sue state prosecutor for defamation in 10-year-old’s abortion case

Indiana doctor threatens to sue state prosecutor for defamation in 10-year-old’s abortion case

July 19 (Reuters) – An Indiana doctor who performed an abortion on a 10-year-old Ohio rape victim threatened to sue Indiana’s attorney general for defamation on Tuesday, filing a claim alleging that he made “false and misleading” statements about her handling of the case. The case prompted a national outcry and scrutiny after the Indianapolis … 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

British health minister Javid resigns, plunging government into chaos

British health minister Javid resigns, plunging government into chaos

British Health Secretary Sajid Javid arrives ahead of a weekly cabinet meeting at 10 Downing Street, in London, Britain July 5, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, July 5 (Reuters) – British Health Secretary Sajid Javid resigned on Tuesday, plunging Prime Minister Boris Johnson’s government into crisis. Javid … 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

A Somali boy’s mission to find food as climate change takes its toll

A Somali boy’s mission to find food as climate change takes its toll

Somalia at nexus of ‘three Cs’ – conflict, costs, climate change Climate change means extreme weather patterns more common Children in Dollow town malnourished, scramble for food Million forced from homes and land by drought Drought envoy urges international community to do more DOLLOW, Somalia, June 20 (Reuters) – Each morning in this Somali border … 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