Town Hall News

(Reuters) -Lordstown Motors Corp said on Tuesday it will carry out a reverse stock split to meet the Nasdaq listing norms and to appease investor Foxconn, which had threatened to scrap a crucial $170 million funding. The 1:15 split will happen on May 24, the electric vehicle startup said, but added there was no assurance that the Foxconn deal will close. Lordstown Motors shares fell 10% in premarket trading to […]

By Federico Maccioni MILAN (Reuters) – A photograph of a woman, wearing a white chador with an ornate pattern and standing in front of a hanging Persian rug, is perhaps the most striking image of a new exhibition in Milan that aims to shed light on women’s lives in today’s Iran. The woman is photographed from behind and the pattern of her chador, which completely covers her, seems to intertwine […]

TOKYO (Reuters) -S&P Global Ratings cut SoftBank Group Corp’s long-term rating deeper into junk territory on Tuesday, leading the Japanese tech investment conglomerate to push back against the downgrade. S&P lowered SoftBank’s rating to BB from BB-plus, citing SoftBank’s exposure to unlisted companies that are susceptible to changes in the external environment. SoftBank has sold down assets including its stake in Chinese e-commerce giant Alibaba Group Holding Ltd to stabilise its […]

By Zhifan Liu PARIS (Reuters) – France will deploy 35,000 security agents and the military to secure the 2024 Olympic Games opening ceremony, a river parade through the heart of Paris, from security threats including drone strikes, the interior minister said. Hundreds of thousands of spectators are expected to line the Seine river along the 6km route to watch the national delegations sail in a flotilla of boats from the […]

By Stephen Nellis (Reuters) – Adobe Inc on Tuesday said it is adding artificial intelligence (AI) technology for generating imagery into Photoshop, its flagship software for editing images. The San Jose, California-based company said it was the start of a major push to add such AI technologies to its suite of programs aimed at creative professionals. While programs such as OpenAI’s Dall-E have captured the public imagination by transforming text […]

SILVES, Portugal (Reuters) – Portuguese authorities assisted by German police on Tuesday began searching a reservoir near the area where British girl Madeleine McCann disappeared in 2007 when she was three years old. The first development for several years in the unsolved case in Portugal followed last year’s move by German prosecutors, who formally identified German man Christian Brueckner as an official suspect in McCann’s disappearance. A Reuters witness said […]

By Stephen Nellis (Reuters) – Adobe Inc on Tuesday said it is adding artificial intelligence (AI) technology for generating imagery into Photoshop, its flagship software for editing images. The San Jose, California-based company said it was the start of a major push to add such AI technologies to its suite of programs aimed at creative professionals. While programs such as OpenAI’s Dall-E have captured the public imagination by transforming text […]

(Reuters) – Britain’s Stefan Wilson, younger brother of the late F1 and IndyCar driver Justin, will miss Sunday’s Indianapolis 500 after injuring his back in a heavy crash on Monday. Wilson went into the barrier after his car was hit from behind in afternoon practice at the Indianapolis Motor Speedway by compatriot Katherine Legge. The 33-year-old’s Dreyer & Reinbold team said he had suffered a fracture of the 12th thoracic […]

By Alun John LONDON (Reuters) – Markets were cautious on Tuesday as talks over the U.S. debt ceiling offered something for optimists and pessimists, leaving European shares just shy of last week’s 15-month top, and U.S. benchmark yields at their highest in two months. President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement on Monday on how to raise the U.S. government’s $31.4 trillion debt ceiling […]