Town Hall News

TAIPEI (Reuters) – Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes. Foxconn Chairman Liu Young-way told the company’s annual shareholders meeting the firm remained cautious about this year due to monetary policy tightening, geopolitical tensions and uncertainty over inflation, but servers were […]

By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, the National Bureau of Statistics (NBS) said on Wednesday, down from 49.2 in April and below the 50-point […]

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 […]

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 […]

By David Shepardson (Reuters) – A U.S. judge ruled late on Tuesday that relatives of those killed in a 2019 Boeing 737 MAX Ethiopian Airlines crash may seek compensation for pain and suffering of passengers before the plane hit the ground. Boeing in 2021 agreed to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the fatal Ethiopian 737 MAX crash. In February, […]

KUALA LUMPUR (Reuters) – A former aide to Malaysian fugitive Jho Low – wanted for his central role in the multi-billion dollar 1MDB corruption scandal – has died weeks after being questioned by Malaysian authorities on Low’s whereabouts, his lawyers said on Wednesday. Kee Kok Thiam, 56, died in a hospital of a “sudden massive stroke” on Monday, Valen, Oh & Partners said in a statement. They did not provide […]

By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent into orbit, splashed down safely off Florida on Tuesday night, capping an eight-day research mission aboard the International Space Station (ISS). The SpaceX Crew Dragon capsule carrying them parachuted into the Gulf of Mexico off the coast of Panama City, Florida, after a 12-hour return flight and blazing re-entry plunge […]

MOSCOW/KYIV (Reuters) – A Ukrainian drone sparked a fire at an oil refinery in southern Russia and shelling hit a Russian town close to the border for the third time in a week, damaging buildings and setting vehicles ablaze, Russian officials said on Wednesday. A day after Russia accused Ukraine of sending drones to attack buildings in Moscow, the governor of Russia’s Krasnodar region said a drone was the likely […]

(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a lot,” Hillary Clinton reveals in a surprise online endorsement video. “He’s just the kind of guy this country needs, and I really mean that.” Joe Biden finally lets the mask slip, unleashing a cruel rant at a transgender person. “You will never be a real woman,” the president snarls. Welcome […]