Town Hall News

BENGALURU (Reuters) -Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ongoing $1 billion fundraising. Including the latest round, PhonePe has raised a total of $850 million so far. PhonePe is India’s most valuable payments firm with an estimated value of $12 billion and among the country’s most highly-valued startups. […]

GENEVA (Reuters) – Taiwan failed in its efforts to gain an invitation to the World Health Organization’s annual assembly despite the island’s claims that support was growing for its participation. The annual assembly in Geneva on Monday decided not to extend Taiwan an invitation to the event which runs from May 21-30. China and Pakistan urged members to reject Taiwan’s inclusion while eSwatini and the Marshall Islands spoke in favour. […]

(Reuters) -Credit Suisse AG staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were canceled after the troubled lender’s rescue by UBS Group AG, the Financial Times reported on Monday. Quinn Emanuel and Pallas, law firms which are already suing Swiss regulator Finma on behalf of investors who owned AT1 bonds, have received multiple requests from senior managers at Credit Suisse to take legal […]

BRUSSELS (Reuters) – Austria’s Foreign Minister Alexander Schallenberg on Monday said his ministry would summon the Hungarian ambassador over a dispute linked to the release of people he called human traffickers by Hungarian authorities. “We think this is an entirely wrong signal”, Schallenberg told journalists ahead of a EU meeting in Brussels, adding that he demands “full clarification” over the issue from Hungary. (Reporting by Tassilo Hummel, editing by Bart […]

BRUSSELS (Reuters) – Austria’s Foreign Minister Alexander Schallenberg on Monday said his ministry would summon the Hungarian ambassador over a dispute linked to the release of people he called human traffickers by Hungarian authorities. “We think this is an entirely wrong signal”, Schallenberg told journalists ahead of a EU meeting in Brussels, adding that he demands “full clarification” over the issue from Hungary. (Reporting by Tassilo Hummel, editing by Bart […]

By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – An alliance led by Thailand’s progressive Move Forward party hopes to draft a new constitution, end monopolies and allow same-sex marriage, among other aims, according to a draft of objectives that made no mention of a divisive royal insult law. The opposition Move Forward and Pheu Thai parties dominated last week’s election in a resounding defeat of conservative parties backed by […]

By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – An alliance led by Thailand’s progressive Move Forward party hopes to draft a new constitution, end monopolies and allow same-sex marriage, among other aims, according to a draft of objectives that made no mention of a divisive royal insult law. The opposition Move Forward and Pheu Thai parties dominated last week’s election in a resounding defeat of conservative parties backed by […]

By Elaine Lies and Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida is increasingly certain to call a snap election, perhaps within weeks, as domestic support surges after a G7 summit that drew a surprise visit by Ukraine’s president. While an election for parliament’s more powerful lower house is not due until 2025, Kishida is keen to beef up his strength in the ruling Liberal Democratic Party (LDP) […]

By Elaine Lies and Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida is increasingly certain to call a snap election, perhaps within weeks, as domestic support surges after a G7 summit that drew a surprise visit by Ukraine’s president. While an election for parliament’s more powerful lower house is not due until 2025, Kishida is keen to beef up his strength in the ruling Liberal Democratic Party (LDP) […]