Town Hall News

(Reuters) – Formula One statistics for Sunday’s Monaco Grand Prix, the sixth race of the 22-round season: Lap distance: 3.337km. Total distance: 260.286km (78 laps) 2022 pole position: Charles Leclerc (Monaco) Ferrari 2022 winner: Sergio Perez (Mexico) Red Bull Race lap record: Lewis Hamilton (Britain) Mercedes 1:12.909, 2021 Start time: 1300 GMT (1500 local) MONACO Monaco is the shortest track on the calendar, and the race with most laps. It […]

BRUSSELS (Reuters) – The EU Commission said on Wednesday it was prepared to consider changes to a plan of reforms agreed with Italy, but any new proposals must be made as soon as possible for Rome to secure promised pandemic recovery funds. Rome is struggling to meet a package of policy pledges, including reforms to the judicial system and cuts to red tape, which it made to the Commission in […]

By Katie Paul NEW YORK (Reuters) – Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the door in […]

(Reuters) -Southampton interim coach Ruben Selles will not have his contract renewed at the end of the season, the Premier League club said on Wednesday after their relegation from the English top-flight. Spanish coach Selles, 39, was placed in temporary charge after Nathan Jones was sacked on Feb. 12 following a dismal run of nine defeats in 14 games that left Southampton sitting at the bottom of the standings with […]

(Reuters) -Kohl’s Corp on Wednesday reported a surprise profit as the department store operator’s efforts to reduce excess inventory and slash costs under a newly appointed CEO started paying off, sending its shares up 12%. The company also maintained it full-year targets even as it posted a bigger-than-expected drop in quarterly comparable store sales. The department store is attempting a turnaround under Chief Executive Officer Tom Kingsbury, who took the […]

By Huw Jones LONDON (Reuters) – The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail investment package toughens up existing EU investment laws by including a ban on banks and insurers paying commission on sales of their products by brokers who gave no advice […]

By Alun John LONDON (Reuters) – The U.S. dollar rose to a fresh two-month high against a basket of peers on Wednesday as uncertain U.S. debt ceiling negotiations sent investors to safe havens, while eyes were also on Britain’s pound, Sweden’s crown and New Zealand’s dollar. The dollar index, which tracks the U.S. currency against six major peers, rose to as much as 103.77, up 0.25% on the day, its […]

(Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday reported smaller-than-expected profit for the second quarter, due to higher expenses and as the Canadian banks were forced to set aside more rainy day funds amid an uncertain banking environment. The results come as investor confidence deteriorates in markets amid high volatility triggered by a relentless rate-hiking cycle and the banking crisis in the United States, which began […]

By Andrew Osborn (Reuters) – The Kremlin said on Wednesday the use of U.S.-made military hardware by pro-Ukrainian fighters who conducted a raid on a Russian border region this week was testament to the West’s growing involvement in the Ukraine conflict. The Russian military said on Tuesday it had routed militants who attacked the Russian border region of Belgorod with armoured vehicles the previous day, killing more than 70 “Ukrainian […]