Town Hall News

By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s No. 2 lender VTB expects to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO), CFO Dmitry Pyanov said, in a capital top-up that will see an undisclosed investor acquire a chunk of the state’s share in the bank. VTB purchased rival Otkritie for 340 billion roubles from Russia’s central bank late last year and is now placing 9.3 trillion […]

By Stephanie van den Berg THE HAGUE (Reuters) -Judges at a U.N. war crimes court ruled that elderly Rwandan genocide suspect Felicien Kabuga is unfit to stand trial but said slimmed-down legal proceedings in his case can continue, in a decision published on Wednesday. The former businessman and radio station owner was one of the last suspects sought by the tribunal prosecuting crimes committed in the 1994 genocide, when ruling […]

By Leigh Thomas PARIS (Reuters) – Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The world economy is set to grow 2.7% this year, the Organisation for Economic Cooperation and Development (OECD) said, up from its previous forecast […]

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 Sarah Marsh BERLIN (Reuters) – The far-right Alternative for Germany (AfD) is riding high in the polls to the alarm of mainstream parties and is on track to win three state votes in the east of the country with calls to stop migration and curb what it sees as a costly green agenda. AfD is polling 17-19% nationwide, around a record high for the party that now vies with […]

By Jack Queen (Reuters) – Cuba Gooding Jr. reached a settlement on Tuesday with a woman who sued him for $6 million on an accusation that he raped her a decade ago, with the agreement coming minutes before jury selection was set to being in Manhattan federal court. The eleventh-hour deal means the Oscar winning “Jerry Maguire” star will avoid having details of the alleged assault aired in court, while […]

(Reuters) -The European Commission has approved GSK’s respiratory syncytial virus (RSV) vaccine for older adults, the drugmaker said on Wednesday, making it the first shot in the region against the common respiratory disease that can be fatal for seniors. The move is the final step to allowing the vaccine’s use across the European Union, after the European Medicines Agency (EMA) recommended it for approval in April. Last month, the U.S. […]

By Allison Lampert and Doyinsola Oladipo (Reuters) – Flight bookings for international business travel this fall are nearing 2019 levels, in a sign of recovery, according to a travel data firm, but climate concerns and economic clouds could mute demand for work-related trips. Business travel has generally lagged leisure trips in airlines’ recovery from COVID-19. United Airlines CEO Scott Kirby said this week that the U.S. is in a “business […]

(Reuters) -The European Commission has approved GSK’s respiratory syncytial virus (RSV) vaccine for older adults, the drugmaker said on Wednesday, making it the first shot in the region against the common respiratory disease that can be fatal for seniors. The move is the final step to allowing the vaccine’s use across the European Union, after the European Medicines Agency (EMA) recommended it for approval in April. Last month, the U.S. […]