Town Hall News

ISTANBUL (Reuters) – Turks vote on May 28 in a presidential election runoff between the incumbent Tayyip Erdogan and his challenger Kemal Kilicdaroglu that will decide whether the president extends his rule into a third decade. Here is a guide to the runoff, the two candidates and the key issues as well as details on how the May 14 parliamentary election unfolded: PRESIDENTIAL VOTE Turks will be electing a president […]

By Gleb Garanich KYIV (Reuters) – Ukraine shot down 29 of 30 missiles launched by Russia in overnight air strikes but one person was killed in an attack on the southern city of Odesa, the Ukrainian military said on Thursday. Black smoke filled the sky over Kyiv during the ninth attack on the capital this month. Falling debris from missiles hit by air defences set off fires in eastern parts […]

TOKYO (Reuters) -Japan’s Panasonic Holdings Corp aims to ramp up production of battery cells used in electric vehicles by building at least two new factories in North America, it said on Thursday. The company, whose energy unit makes batteries for Tesla Inc, seeks to boost its auto battery capacity to 200 gigawatt hours per year by March 2031, about four times its level at the end of March, it said […]

By Lucila Sigal BUENOS AIRES (Reuters) – Argentine paleontologists have discovered the remains of a gigantic new species of long-necked herbivorous dinosaur in the country’s southern Patagonia region, saying the beast ranks as one of the largest ever discovered. The find in the Pueblo Blanco Nature Reserve, presented on Thursday, was first discovered by scientists in 2018. The dinosaur’s bones were so big they caused the van carrying them to […]

By Joe Cash BEIJING (Reuters) – China needs to level the playing field between private and state owned firms, the Asian Development Bank’s chief economist said on Thursday, adding that the world’s second-largest economy risks “wasting a tonne of money” with a state-led growth model. “If you just try to use brute force, spend your investment in a few companies that are not really facing a lot of competitive pressure, […]

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co is recalling 422,000 sport utility vehicles in the U.S. because the video output may fail, preventing the rear view camera image from displaying. The recall covers 2020 through 2023 Ford Explorer, Lincoln Aviator, and 2020-2022 Lincoln Corsair SUVs with a 360-degree camera. The recall expands and replaces prior Ford callbacks for the same issue in 2021 and 2023. Ford last year updated […]

SAMARKAND, Uzbekistan (Reuters) -At a meeting in Russia’s former Central Asian backyard, the European Bank for Reconstruction and Development on Thursday pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros. The emerging markets lender has already earmarked 3 billion euros for Ukraine – which is fighting off a Russian invasion – to be invested in 2022-23, and EBRD President Odile Renaud-Basso told […]

By Joe Cash BEIJING (Reuters) – China needs to level the playing field between private and state owned firms, the Asian Development Bank’s chief economist said on Thursday, adding that the world’s second-largest economy risks “wasting a tonne of money” with a state-led growth model. “If you just try to use brute force, spend your investment in a few companies that are not really facing a lot of competitive pressure, […]

(Reuters) – China’s Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. The 208.20 billion yuan ($30.12 billion) logged for the three months ended in March compares with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but even so remains relatively muted amid a […]