Town Hall News

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s government accused former Prime Minister Imran Khan on Wednesday of sheltering aides and supporters wanted over attacks on the army following his arrest last week, and warned he had 24 hours to hand them over or face a police operation. Khan’s arrest and the violence that followed has deepened political instability in the South Asian nation of 220 million. Pakistan has been facing its […]

By Shreyashi Sanyal and Shristi Achar A (Reuters) – U.S. stock indexes were set to open higher on Wednesday after Western Alliance led a bounce among regional banks amid cautious optimism about a potential breakthrough in the deadlock in Washington over the nation’s debt limit. Shares of U.S. regional banks rose, led by a 11.6% premarket rise in Western Alliance Bancorp as the lender’s deposit growth exceeded $2 billion and […]

(Reuters) – Melrose Industries Plc expects its engines business to power its profit margins in 2025 as aftermarket services would help boost cashflow, enabling it to buy back shares worth between 5% and 10% of its market value annually from next year. The company raised its adjusted operating margin outlook for aerospace to between 17% and 18% by 2025, compared with 14% previously. The operating margin for the Engines business […]

VATICAN CITY (Reuters) – A group of German victims of abuse on Wednesday called on Pope Francis to step up efforts against “sexual and spiritual abuse” by clergy, after completing a 900-km (559 miles) bicycle trek from Munich to the Vatican. Abuse scandals have shredded the Catholic Church’s reputation and have been a major challenge for the pope, who has passed a series of measures aimed at holding the Church […]

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s request last year to lower the import tax on cars, which can reach as much […]

MADRID (Reuters) – Spain’s ruling Socialist Workers’ Party would win a general election by a small margin over the main opposition, while a new left-wing coalition is poised to overtake the far right in third place, an opinion poll showed on Wednesday. A general election is expected to be held in December at the latest, with local and regional votes on May 28 helping to gauge levels of support for […]

By Steven Scheer JERUSALEM (Reuters) -Wix.com, which helps small businesses build and operate websites, on Wednesday said it swung to a net profit in the first quarter and raised its full year outlook despite an uncertain economy. Helped by cost cuts including an 18% decline in its head count in the past year, the Israeli company said it had earned 91 cents per share excluding one-time items, compared with a […]

BANGKOK (Reuters) -Thailand’s opposition parties, which trounced their military-allied rivals in this week’s election, met for coalition talks on Wednesday as the liberal Move Forward Party, which won the most votes, looks to form a government. Move Forward leader Pita Limjaroenrat was seen greeting senior officials from five other parties at a Bangkok restaurant before ushering them upstairs for closed-door talks. Sunday’s vote saw Move Forward come in first ahead […]

By Crispian Balmer ROME (Reuters) -At least eight people died and thousands were evacuated from their homes as torrential rain battered Italy’s northern Emilia-Romagna region, triggering widespread floods, officials said on Wednesday. Civil Protection Minister Nello Musumeci said some areas had received half their average annual rainfall in just 36 hours, causing rivers to burst their banks, sending water cascading through towns and submerging thousands of acres of farmland. Eight […]