Town Hall News

By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will not raise rates for the first time in well over a year at its June meeting, according to economists polled by Reuters, but a significant minority expects at least one more hike this year as the economy remains resilient. Fed Chair Jerome Powell signaled in May the central bank might soon pause to assess the impact […]

By Gabriel Araujo SAO PAULO (Reuters) -Consumer prices in Brazil decelerated more than expected in May, government data showed on Wednesday, with 12-month inflation hitting its lowest in more than two years as it dropped below the 4% mark for the first time since late 2020. The figures look to add weight to calls by the government and business people for the central bank to lower interest rates from their […]

By Valentine Hilaire MEXICO CITY (Reuters) – One million people in Mexico have opened savings accounts in Brazilian digital bank Nubank one month after the product’s launch, the company said on Wednesday, with deposits amounting to 1 billion pesos ($58 million). About 90% of the deposits are being kept in Nubank’s so-called “little boxes,” a separate space within the accounts where customers can hold funds and get a 9% annual […]

By Lauren Owens Lambert MONHEGAN ISLAND, Maine (Reuters) – An emerging technology to fish for lobsters virtually ropeless to prevent whale entanglements is exciting conservationists, but getting a frigid reception from harvesters worried it will drive them out of business and upend their way of life. Injuries to endangered North Atlantic Right Whales ensnared in fishing gear have fueled a prominent campaign by environmental groups to pressure the industry to […]

By Aditi Shah, Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) – The diversion of a U.S.-built Air India jetliner to Russia with engine problems has thrust industry tensions surrounding Russian airspace into the spotlight – just a day after the head of a major American carrier predicted an almost identical scenario. A global industry meeting ended on Tuesday with carriers at odds over the use of Russia as a pivotal […]

By Michael Holden and Sam Tobin LONDON (Reuters) -Prince Harry said phone-hacking was carried out on an industrial scale across the British press and he would feel a sense of injustice if the High Court in London ruled he had not been a victim. Harry, the first senior British royal to give evidence in court for more than 130 years, was being grilled in the witness box for a second […]

By Aditi Shah, Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) -The diversion of a U.S.-built Air India jetliner to Russia with engine problems has thrust industry tensions surrounding Russian airspace into the spotlight – just a day after the head of a major American carrier predicted an almost identical scenario. A global industry meeting ended on Tuesday with carriers at odds over the use of Russia as a pivotal crossing […]

(Corrects typo in paragraph 2) (Reuters) – CNN CEO Chris Licht will be leaving the media company, news website Puck reported on Wednesday. CNN did not immediately respond to Reuters’ request for comment. (Reporting by Tiyashi Datta in Bengaluru; Editing by Savio D’Souza) Brought to you by www.srnnews.com

KHERSON, Ukraine (Reuters) -Ukrainians abandoned their inundated homes as floodwaters crested across a swathe of the south on Wednesday after the destruction of a vast dam on the front line between Russian and Ukrainian forces that each blamed on the other. Residents waded through flooded streets carrying children on their shoulders, dogs in their arms and belongings in plastic bags while rescuers used rubber boats to search areas where the […]