WASHINGTON (Reuters) - U.S. single-family homebuilding and permits fell in April amid a resurgence in mortgage rates, but new construction remains supported by an acute shortage of houses for sale.
Single-family housing starts, which account for the bulk of homebuilding, slipped 0.4% to a seasonally adjusted annual rate of 1.031 million units last month, the Commerce Department's Census Bureau said on Thursday.
Data for March was revised... (continue reading...)
By Nevzat Devranoglu, Birsen Altayli and Jonathan Spicer
ANKARA (Reuters) - Turkish Vice President Cevdet Yilmaz expects savings from the government's new efficiency plan to outstrip estimates as it continues the fight against inflation this summer with the full backing of President Tayyip Erdogan, he told Reuters on Thursday.
Yilmaz said he expects an international crime watchdog to remove Turkey's "grey-listing" next month. Not... (continue reading...)
By Ope Adetayo
ABUJA (Reuters) - Dubai's Emirates airline will resume flight schedules to Nigeria from Oct. 1, it said on Thursday, ending a close to two-year halt to flights.
The United Arab Emirates (UAE) stopped issuing visas to Nigerians in 2022 after Emirates suspended flights between the nations because of an inability to repatriate funds from Nigeria.
"We are excited to resume our services to Nigeria. We thank the... (continue reading...)
By Felix Light and Gleb Stolyarov
TBILISI (Reuters) - Georgia's central bank said on Thursday it had spent $60 million in reserves to support the lari after a surge in demand for foreign currency, its largest such intervention since May 2021.
Georgia has been mired in a political crisis over a bill on "foreign agents" passed by parliament on Tuesday, which critics say is authoritarian and Kremlin-inspired. A senior U.S. diplomat suggested... (continue reading...)
By Felix Light
TBILISI (Reuters) - Grigory Sverdlin says he has seen this story before.
A Russian activist now living in exile in the Georgian capital Tbilisi, Sverdlin has watched over the past month as thousands of Georgian protesters have taken to the streets to voice their opposition to a draft law on "foreign agents".
Domestic critics dub the bill "the Russian law" and say it is a copycat of Russian legislation that has... (continue reading...)
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