By Lucia Mutikani WASHINGTON (Reuters) – Permits for future U.S. single-family homebuilding jumped to a seven-month high in April, giving the struggling housing market a boost, but tightening credit conditions could make it difficult for builders to get finance for new projects. The third straight monthly increase in single-family building permits, which was reported by…
By Jonathan Stempel (Reuters) – A New Jersey county on Wednesday agreed to a consent decree with the U.S. government to improve treatment of inmates with mental health and substance abuse problems at a local jail, following suicides of six inmates who had been using opioids. The decree resolves Department of Justice claims that Cumberland…
By Nidal al-Mughrabi and James Mackenzie GAZA/JERUSALEM (Reuters) – Israel’s latest round of airstrikes against Palestinian militants in the Gaza Strip left familiar images of towering spirals of smoke and wailing sirens but none of the buildings left in rubble by the jets belonged to its main enemy, Hamas. Instead, the strikes targeted the Iranian-backed…
By Dietrich Knauth NEW YORK (Reuters) – A lawyer for Celsius Network on Wednesday said the crypto lender hopes to conclude an auction for its assets within days and the current lead bidder is Fahrenheit LLC, a consortium that includes blockchain-based venture capital firm Arrington Capital, at a U.S. bankruptcy court hearing in Manhattan. Celsius…
(Reuters) -Russia’s weekly consumer prices rose marginally in the period to May 15, the state statistics service Rosstat said on Wednesday, steadying in the two weeks since the Bank of Russia opted to hold its key interest rate at 7.5%. Double-digit annual inflation hit Russia last year soon after it sent its armed forces into…
By Sruthi Shankar and Ankika Biswas (Reuters) -European shares slipped on Wednesday as concerns about whether the United States can avoid a debt default weighed on sentiment, along with a slew of downbeat corporate updates. The continent-wide STOXX 600 eased 0.2%, with defensive sectors such as food and beverage, utilities and real estate firms leading…
WASHINGTON (Reuters) – House Speaker Kevin McCarthy said on Wednesday that a deal to raise the U.S. debt ceiling limit was “do-able” by Sunday, the day President Joe Biden said he intended on holding a news conference on the issue. (Reporting by David Morgan; Writing by Doina Chiacu; Editing by Tim Ahmann)
By Sakura Murakami HIROSHIMA, Japan (Reuters) – The last time a U.S. president visited Hiroshima, atomic bomb survivor Shigeaki Mori was filled with hope for a future without nuclear weapons. Seven years later, he’s more sceptical. As leaders of the Group of Seven (G7) nations gather in the Japanese city this week for a summit,…
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth of 3% in the same period of last year. Russia’s economy defied early expectations of a double-digit collapse in 2022, but still contracted 2.1% after the West imposed sanctions in…
By Sarah N. Lynch and Laura Sanicola WASHINGTON (Reuters) – A subsidiary of BP plc will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice Department said on Wednesday….
