The pace of U.S. home construction rebounded less than forecast in March, held back by declines in warmer parts of the country that indicate the recovery in residential building will be slow to develop.
Turkish Prime Minister Recep Tayyip Erdogan has been embroiled in a corruption scandal that helped send the country’s currency to an all-time low. It hasn’t discouraged foreign oil companies eyeing the country’s shale gas reserves.
The Philippine Supreme Court upheld large parts of a government plan to provide free contraceptives to the poor, ruling on a landmark case that pitted President Benigno Aquino against the Catholic Church.
Declines in housing starts and building permits data suggest Canada is headed for the soft landing in real estate that policy makers have forecast, damping concern that a rapid fall in home prices could hobble the world’s 11th-largest economy.
Marty Markowitz was strolling in Vienna when he noticed mannequins in a shop window wearing hats emblazoned with Paris, London and Brooklyn. The store had plenty of London and Paris models. Brooklyn was sold out.
Deutsche Lufthansa AG said curbs on airline mergers are limiting its ability to target emerging markets and channeling takeover activity into service operations where investment rules are less stringent.