Town Hall News

By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Pratt & Whitney has no engines currently available for India’s Go First airline, which also has no rights over them, the counsel for the U.S. firm told a Delaware court on Thursday as the two companies engaged in a raging dispute over the supplies. The Indian airline has approached the Delaware court to enforce an arbitration order it won in […]

By Cecile Mantovani KUESNACHT, Switzerland (Reuters) – Well-wishers gathered outside the lakeside home of Tina Turner on Thursday to pay tribute to the music legend who had made Switzerland her home for nearly three decades. Flowers and cards lay outside the house in the picturesque town of Kuesnacht, on the shore of Lake Zurich, where Turner died on Wednesday at the age of 83. A steady stream of visitors came […]

By Guy Faulconbridge MOSCOW (Reuters) -Russia moved ahead on Thursday with a plan to deploy tactical nuclear weapons in Belarus, whose leader said the warheads were already on the move, in the Kremlin’s first deployment of such bombs outside Russia since the 1991 fall of the Soviet Union. President Vladimir Putin says the United States and its allies are fighting an escalating proxy war against Russia after the Kremlin chief […]

(Reuters) – Shares of billionaire Carl Icahn’s investment firm plunged to their lowest in nearly two decades on Thursday, a day after old rival Bill Ackman called out the company’s high valuation. Icahn Enterprises LP’s stock tumbled as much as 24.7% to $18.03, deepening losses of more than 60% that were recorded following short-seller Hindenburg Research’s scathing attack on the company three weeks ago. “(IEP’s dividend) yield is generated by […]

By Angelo Amante and Ilona Wissenbach ROME (Reuters) -Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase that will flow directly to the Italian carrier, the German group said on Thursday. The deal comes as Europe’s airlines struggle to repair their balance sheets after the COVID-19 pandemic and as legacy carriers have looked to consolidation to help them compete […]

MOSCOW (Reuters) -The leaders of Azerbaijan and Armenia on Thursday both spoke of progress towards ending their decades-old conflict over the territory of Nagorno-Karabakh, even as they argued openly in front of Russian President Vladimir Putin. Nagorno-Karabakh, an Armenian-populated enclave inside Azerbaijan, has been a source of conflict between the two Caucasus neighbours since the years leading up to the collapse of the Soviet Union in 1991, and between ethnic […]

By David Shepardson WASHINGTON (Reuters) -Federal Aviation Administration (FAA) acting chief Billy Nolen is expected to take a position with electric air taxi firm Archer Aviation after he leaves the agency, sources told Reuters. Asked for comment on whether Nolen was joining Archer, the FAA said “Billy Nolen is departing the FAA in the coming weeks and is continuing to ensure a smooth transition at the agency.” Archer Aviation declined […]

By Alan Baldwin MONACO (Reuters) – Lewis Hamilton denied talking to Ferrari about a move to the Italian Formula One team and said on Thursday he was close to agreeing a new contract with Mercedes. The seven times world champion, the sport’s most successful driver of all time, is out of contract at the end of the season and there has been speculation the 38-year-old could join Ferrari. “My team […]

By Marine Strauss PARIS (Reuters) -French judges charged five soldiers on Thursday for not assisting people in danger over the deaths of 27 migrants trying to cross the Channel in a small boat in November 2021. The sinking was the worst disaster on record involving migrants in the narrow seaway separating Britain from mainland Europe. Nine people were placed in custody in the probe into the tragedy, but only five […]