Town Hall News

By Tiyashi Datta and Aditya Soni (Reuters) – Popular titles from Electronic Arts-owned “FIFA” to Activision Blizzard’s “Call of Duty” are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth. Take-Two Interactive Software Inc on Wednesday rounded off a strong March quarter for the sector that saw its three major players post net bookings growth of between 11% and […]

By Sakura Murakami and Jeff Mason HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden and Japan’s Fumio Kishida met for talks in the deeply symbolic city of Hiroshima on Thursday, aiming for closer cooperation in the face of an ascendant China and an unpredictable Russia they see as threatening the post-war order. The two met ahead of a three-day Group of Seven (G7) summit that starts on Friday in Hiroshima, […]

By Anna Tong Ramp, a developer of financial management software, said it plans to offer new artificial intelligence tools from Thursday, including a feature that can determine if a company is overpaying on its software contracts. The New York-based startup, which offers a corporate card platform used by over 15,000 businesses, has raised $1.4 billion from a slew of investors since it was founded in 2019. These include Microsoft Corp […]

By Anna Tong Ramp, a developer of financial management software, said it plans to offer new artificial intelligence tools from Thursday, including a feature that can determine if a company is overpaying on its software contracts. The New York-based startup, which offers a corporate card platform used by over 15,000 businesses, has raised $1.4 billion from a slew of investors since it was founded in 2019. These include Microsoft Corp […]

(Reuters) – Ukraine’s military and Russia’s Wagner private army both reported fresh Russian retreats on the outskirts of Bakhmut, as Kyiv pressed on with its biggest advance for six months ahead of a planned major counteroffensive. FIGHTING * Ukraine’s military said its troops had advanced in places by more than a mile. Some of its soldiers on the front line said Russian troops were pounding supply lines to try to […]

(Reuters) – Ukraine’s military and Russia’s Wagner private army both reported fresh Russian retreats on the outskirts of Bakhmut, as Kyiv pressed on with its biggest advance for six months ahead of a planned major counteroffensive. FIGHTING * Ukraine’s military said its troops had advanced in places by more than a mile. Some of its soldiers on the front line said Russian troops were pounding supply lines to try to […]

WASHINGTON (Reuters) – U.S. existing home sales fell for a second straight month in April, with prices rising in roughly half of the country, which together with possibly higher mortgage rates could delay a housing market recovery. Existing home sales dropped 3.4% to a seasonally adjusted annual rate of 4.28 million units last month, the National Association of Realtors said on Thursday. Sales fell in all four regions. Economists polled […]

WASHINGTON (Reuters) – U.S. existing home sales fell for a second straight month in April, with prices rising in roughly half of the country, which together with possibly higher mortgage rates could delay a housing market recovery. Existing home sales dropped 3.4% to a seasonally adjusted annual rate of 4.28 million units last month, the National Association of Realtors said on Thursday. Sales fell in all four regions. Economists polled […]

(Reuters) -China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year.  The company has been struggling to attract new users as China’s e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by […]