Town Hall News

By Sruthi Shankar and Shristi Achar A (Reuters) – Wall Street futures were subdued on Monday after a solid rally last week, as investors assessed chances of the Federal Reserve pausing interest rate hikes at its upcoming policy meeting. U.S. stocks rallied on Friday after a report showed that wage growth moderated in May, raising hopes that the U.S. central bank could skip a rate hike next week, while investors […]

(Reuters) – At least eight people have died and dozens are sick after drinking poisoned cider in western Russia’s Ulyanovsk region, local officials said on Monday. Local governor Alexei Russkikh said the poisoned substance was labelled “Mister Cider” and had been sold on tap after being brought into the region, located on the river Volga, in 30 litre kegs. “Our medics and social services continue to provide all necessary assistance […]

ROME (Reuters) – Authorities have arrested 25 people in Italy, Belgium and Germany in pan-European raids linked to an alleged drug- trafficking ring run by the ‘Ndrangheta mafia, Italian police said on Monday. The criminal organisation operated from Calabria, the traditional home of the ‘Ndrangheta, but also had an outpost in Germany as it imported “large quantities” of cocaine, heroin and hashish, customs police Guardia di Finanza said. The suspects […]

By YP Rajesh NEW DELHI (Reuters) -India and the United States have concluded a roadmap for defence industry cooperation for the next few years, the Indian government said on Monday, a move expected to bolster New Delhi’s defence manufacturing ambitions. Washington is working to deepen ties with India and sees stronger military-to-military and technology ties with the world’s largest democracy as a key counterweight to China’s dominance in the region. […]

By Ben Blanchard and Laurie Chen TAIPEI/BEIJING (Reuters) -The U.S. Navy has released a video of what it called an “unsafe interaction” in the Taiwan Strait, in which a Chinese warship crossed in front of a U.S. destroyer in the sensitive waterway, a risky incident amid deteriorating Sino-U.S. ties. The encounter comes as both countries trade blame for not holding military talks – with disagreements between the two over everything […]

By Ben Blanchard and Laurie Chen TAIPEI/BEIJING (Reuters) -The U.S. Navy has released a video of what it called an “unsafe interaction” in the Taiwan Strait, in which a Chinese warship crossed in front of a U.S. destroyer in the sensitive waterway, a risky incident amid deteriorating Sino-U.S. ties. The encounter comes as both countries trade blame for not holding military talks – with disagreements between the two over everything […]

DUBAI (Reuters) – Iran will reopen its embassy in Saudi Arabia’s capital on Tuesday, Iranian sources told semi-official Fars news agency, months after Tehran and Riyadh agreed to end years of hostility. In March, Iran and Saudi Arabia agreed to re-establish relations after years of hostility between the regional rivals that had threatened stability and security in the Middle East and helped fuel regional conflicts from Yemen to Syria. Fars […]

DUBAI (Reuters) – Shelling hit western areas of Sudan’s capital on Monday morning after rival military factions fought through the night, residents said, with reports of deepening lawlessness in Khartoum and in the western region of Darfur. Fighting between the army and the paramilitary Rapid Support Forces (RSF), who have been battling each other for more than seven weeks, intensified after the expiry late on Saturday of a ceasefire deal […]

By Karolos Grohmann PARIS (Reuters) – With boxing teetering on the brink of Olympic elimination, the International Boxing Association (IBA) told the International Olympic Committee it had met its reform criteria and any ban lacked legal basis. In their report to the IOC, obtained by Reuters through a source with knowledge of the proceedings, it also blamed the Olympic body for unilateral actions and for making false statements. The IBA […]