Town Hall News

By Andrew Osborn (Reuters) – The Russian military said on Tuesday it had routed militants who had attacked a Russian border region with armoured vehicles the previous day, killing more than 70 “Ukrainian nationalists” and pushing the remainder back into Ukraine. In what appeared to be one of the biggest incursions from Ukraine since the war began 15 months ago, two purported anti-Kremlin armed groups employing Russians based abroad said […]

(Reuters) -Activist investor TCS Capital Management on Tuesday urged Yelp Inc to either explore a sale or a merger with online-services company Angi Inc, sending shares of the service-recommendation site 10% higher in premarket trading. Yelp is “shockingly undervalued” and could be sold for more than twice its share price, said TCS Capital, one of the company’s largest investors with a stake of over 4%. Yelp’s market valuation stood at […]

By Foo Yun Chee LUXEMBOURG (Reuters) -EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager’s campaign against sweetheart deals between multinationals and European Union states. “Its outcome will […]

DOHA (Reuters) – Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising”. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this very unusual sale to UBS, with associated unusual payments to shareholders versus bondholders,” Winters told an audience at the Qatar Economic Forum, organised by Bloomberg. Winters also said a banking crisis […]

PARIS (Reuters) -French President Emmanuel Macron will meet Sam Altman, the Silicon Valley businessman who rose to fame with ChatGPT, on Tuesday to discuss the place of France and Europe in the global race for artificial intelligence (AI), his office said. Altman, the chief executive of OpenAI, which runs the chatbot, is one of the tech world’s most prominent voices urging governments to rapidly come up with comprehensive regulations to […]

(Reuters) -Valencia’s sponsor Puma offered its support on Tuesday to Real Madrid’s Vinicius Jr after he was racially abused during their LaLiga match in Spain over the weekend. Vinicius labelled LaLiga and Spain racist after receiving racial slurs from fans in Sunday’s game at Valencia’s Mestalla Stadium. The Brazil forward pointed out the fans who were insulting him, leading to the match being paused for 10 minutes, and then got […]

(Reuters) – Anthropic, an artificial intelligence startup backed by Google parent Alphabet Inc, said on Tuesday it had raised $450 million, in the latest sign of a recovery in the startup funding space. It takes the company’s valuation to $4 billion with total $1 billion raised in funding to date, according to PitchBook data. Interest in artificial intelligence has piqued after Anthropic’s rival OpenAI launched ChatGPT last year but the […]

(Reuters) – Anthropic, an artificial intelligence startup backed by Google parent Alphabet Inc, said on Tuesday it had raised $450 million, in the latest sign of a recovery in the startup funding space. It takes the company’s valuation to $4 billion with total $1 billion raised in funding to date, according to PitchBook data. Interest in artificial intelligence has piqued after Anthropic’s rival OpenAI launched ChatGPT last year but the […]

(Reuters) – The United Nations on Tuesday said it needed $375 million in funding to get food, medicine and other relief supplies to millions of people affected by a cyclone that devastated parts of Myanmar and Bangladesh. Western Myanmar and provinces in neighbouring Bangladesh, where there is a large population of Rohingya Muslims and refugees, bore the brunt of Cyclone Mocha on May 14, which is estimated to have killed […]