Town Hall News

By Huw Jones LONDON (Reuters) – How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20’s Financial Stability Board said on Thursday. European banking stocks plunged after the collapse of Silicon Valley (SVB) bank in the U.S. in March, creating turmoil that lead to the forced takeover of ailing Credit Suisse […]

By Foo Yun Chee BRUSSELS (Reuters) – The Dutch government has stepped up its criticism of a push by EU telecoms operators to get Big Tech to help pay for the rollout of 5G and broadband, saying claims that unchecked data growth has pushed up network costs are not backed by facts. Instead of a one-size-fits-all approach such as a network fee levied on video streaming companies, it would be […]

MOSCOW (Reuters) – The Kremlin said on Thursday that relations with Saudi Arabia were constructive and based on mutual understanding and respect ahead of an OPEC+ meeting. Asked about relations with Saudi Arabia ahead of the meeting, Kremlin spokesman Dmitry Peskov said they were “constructive, based on mutual understanding, mutual respect, mutual trust, and very work-like”. OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other […]

PARIS (Reuters) – A same-sex couple who tried unsuccessfully to get married at seven different register offices in Ukraine suffered discrimination, the European Court of Human Rights (ECHR) ruled on Thursday. The verdict, in a case brought to the court by plaintiffs Andrii Maimulakhin and Andrii Markiv in 2014, adds to calls for increased protection for and recognition of LGBTQ rights in the country, whose constitution still describes marriage as […]

(Reuters) -Dollar General Corp cut its full-year same-store sales and profit forecasts on Thursday as inflation-hit Americans, discouraged by higher prices for everything from home goods to consumables, tightened spending. The company’s shares slid about 9% in premarket trading after it also posted weaker-than-expected first-quarter results. American shoppers, economically strained by sticky food inflation, have turned cautious with purchases of discretionary goods and are buying fewer items on every store […]

By David Morgan WASHINGTON (Reuters) – Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist. Six months after he endured 15 humiliating floor votes just to be elected speaker, McCarthy proved capable of dragging Biden into negotiations over spending and […]

By David Morgan WASHINGTON (Reuters) – Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist. Six months after he endured 15 humiliating floor votes just to be elected speaker, McCarthy proved capable of dragging Biden into negotiations over spending and […]

By Richard Cowan and David Morgan WASHINGTON (Reuters) – The U.S. Senate on Thursday was set to take up a bill to lift the government’s $31.4 trillion debt ceiling, with just four days left to pass the measure and send it to Democratic President Joe Biden to sign, averting a catastrophic default. The top Democrat and Republican in chamber vowed to do all they could to speed along the bill […]

By Richard Cowan and David Morgan WASHINGTON (Reuters) – The U.S. Senate on Thursday was set to take up a bill to lift the government’s $31.4 trillion debt ceiling, with just four days left to pass the measure and send it to Democratic President Joe Biden to sign, averting a catastrophic default. The top Democrat and Republican in chamber vowed to do all they could to speed along the bill […]