Town Hall News

ZURICH (Reuters) -UBS expects to finalize its agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion) in losses from its emergency takeover of Credit Suisse by June 7, the Swiss bank said in a regulatory filing published on Tuesday. “UBS Group AG expects that the Loss Protection Agreement will be finalized by June 7, 2023,” a filing with the U.S. Securities and Exchange Commission […]

By Karolos Grohmann PARIS (Reuters) – The International Olympic Committee will hold a one-day executive board meeting on Wednesday with the embattled International Boxing Association (IBA) in focus, sources said on Tuesday. The IOC has a planned executive board meeting set for June 20-22 but has now scheduled Wednesday’s event following an IBA report on the state of required reforms sent to the Olympic body. Two sources with knowledge of […]

By Ruma Paul DHAKA (Reuters) – A searing heatwave in Bangladesh spurred the closure of primary schools this week and triggered frequent power cuts, worsening conditions for residents unable to run fans to cool themselves as weather officials warned relief was not imminent. The maximum temperature soared to nearly 41 degrees Celsius (105.8 Fahrenheit) from 32 degrees Celsius 10 days ago. The Bangladesh Meteorological Department warned that there was no […]

By Andrew Osborn (Reuters) -A gaping hole punched in Ukraine’s Nova Kakhovka Dam that unleashed a wall of floodwater means that the canal which has traditionally met most of Crimea’s water needs is receiving drastically less water, the Kremlin warned on Tuesday. Russia and Ukraine have blamed each other for the breach at the Russian-controlled dam, a human and ecological disaster which coincided with intensified efforts by Kyiv to retake […]

PARIS (Reuters) -Members of the hard-left CGT trade union briefly occupied the headquarters of the Paris Summer 2024 Olympics on Tuesday on the 14th day of protests against government plans to raise the retirement age to 64. BFM television images showed the protesters entering the building in Aubervilliers, northern Paris. “Several dozen CGT militants got into the building for a few minutes to deploy banners against pension reform. There was […]

KYIV (Reuters) – Ukraine called on Tuesday for an urgent meeting of the United Nations Security Council to discuss what it called a “Russian terrorist attack” on the Kakhovka dam in southern Ukraine. It also said it wanted the U.N. nuclear watchdog’s board of governors to discuss the incident and demanded new international sanctions on Russia, and in particular on the Russian missile industry and nuclear sector. Ukrainian and Russian […]

By Gabriela Baczynska BRUSSELS (Reuters) – European Union countries are expected this week to agree on how to share out the responsibility of hosting refugees and migrants, a top EU official said on Tuesday of what would mark a breakthrough after years of bitter feuds within the bloc. The EU’s migration chief spoke ahead of talks between home affairs ministers of the bloc’s 27 member states on Thursday. On the […]

LONDON (Reuters) -The British government’s legal challenge to the COVID-19 public inquiry will likely be heard on June 30 or shortly afterwards, the counsel to the inquiry said on Tuesday. The government has refused to hand over internal WhatsApp messages it has described as “unambiguously irrelevant” to the inquiry, and has sought a judicial review at London’s High Court against the demand. Lead Counsel to the inquiry Hugo Keith said […]

By Rowena Edwards LONDON (Reuters) -Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about global economic growth outweighed Saudi Arabia’s pledge to deepen output cuts. Brent crude futures were down $1.50, or 1.96%, to $75.21 a barrel by 1046 GMT. U.S. West Texas Intermediate crude fell $1.47, or 2.04%, to $70.68 a barrel. Brent had gained as much […]