Town Hall News

By Amanda Cooper LONDON (Reuters) – Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy. The MSCI All-World Index of global shares, which is heading for its first monthly decline since February, was down 0.4% in mid-morning trade in Europe, largely due to […]

HUELVA, Spain (Reuters) – Spanish startup PLD Space called off the test launch of its first suborbital reusable rocket scheduled for Wednesday morning, citing strong high-altitude winds. The company said it intended to try again in the coming days. PLD Space’s test is set to be its first step in the race to put small satellites into space and capture a slice of a potential trillion-dollar market. The launch from […]

DUBAI (Reuters) – The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance for financial institutions when dealing with virtual assets, such as cryptocurrencies and non-fungible tokens, it said on Wednesday. The new guidance discusses the risks arising from dealing with virtual assets and virtual asset service providers, including on due diligence for licensed financial institutions when dealing with these customers and counterparties, the statement said. The […]

BEIRUT (Reuters) – Five members of the Popular Front for the Liberation of Palestine militant group were killed in an overnight explosion in Lebanon, near the border with neighbouring Syria, two Lebanese security sources and one Palestinian security source told Reuters on Wednesday. The Israeli military told Reuters it does not comment on reports in foreign media. A correspondent for Israel’s army radio, citing Israeli officials, said “there was no […]

By Josh Smith and Sakura Murakami SEOUL/TOKYO (Reuters) – North Korea is unlikely to be deterred from its quest to place cargoes in space, analysts said, even though a malfunction sent a new launch vehicle and the country’s first spy satellite crashing into the ocean on Wednesday. The secretive country considers its space and military rocket programmes a sovereign right, and analysts say spy satellites are crucial to improving the […]

By Josh Smith and Sakura Murakami SEOUL/TOKYO (Reuters) – North Korea is unlikely to be deterred from its quest to place cargoes in space, analysts said, even though a malfunction sent a new launch vehicle and the country’s first spy satellite crashing into the ocean on Wednesday. The secretive country considers its space and military rocket programmes a sovereign right, and analysts say spy satellites are crucial to improving the […]

BEIJING (Reuters) – China will send warships to a multilateral naval exercise hosted this month by Indonesia, which has also invited countries such as North Korea, Russia, South Korea and the United States, amid rising tension in the Asia-Pacific region. The drills come as China and the United States ramp up military diplomacy in the region, staging more frequent war games with allies and partners around Taiwan, the busy waterway […]

By Hyonhee Shin and Chang-Ran Kim SEOUL/TOKYO (Reuters) -A North Korean satellite launch on Wednesday ended in failure, sending the booster and payload plunging into the sea, North Korean state media said, and the South’s military said it had recovered parts of the launch vehicle. The new “Chollima-1” satellite launch rocket failed because of instability in the engine and fuel system, state news agency KCNA reported. The flight was the […]

(Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. The company said the model is limited to 300 units globally and that it has opened reservations in both U.S. and China. The startup also launched the regular FF 91 2.0 Futurist model and added that it was available for preorder, without revealing price details. […]