Town Hall News

By Stephanie Kelly NEW YORK (Reuters) – Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the U.S. Gulf of Mexico. “We are committed to […]

By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and […]

By Gopal Sharma KATHMANDU (Reuters) – A Nepali sherpa scaled Mount Everest for a record 27th time on Wednesday, beating his own record, a government official and his hiking company said. Kami Rita Sherpa, 53, scaled the 8,849 metre (29,032-foot) mountain early in the morning along the traditional southeast ridge route, guiding a foreign climber. “Yes, Kami Rita climbed Sagarmatha for the 27th time,” said Department of Tourism official Bigyan […]

By Moira Warburton WASHINGTON (Reuters) – Democratic U.S. Representative Robert Garcia on Tuesday started the process of forcing a vote on a motion to expel Republican George Santos, the congressman from New York facing federal charges of fraud, money laundering and theft of public funds. Two-thirds of the House of Representatives would have to vote in favor for Santos to be expelled, a bar unlikely to be reached in a […]

By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and […]

A look at the day ahead in European and global markets from Ankur Banerjee Nervousness in the market over the looming U.S. debt ceiling deadline prevailed through the Asian hours and will remain the main focus for investors as Europe wakes up. While the talks between U.S. President Joe Biden and top congressional Republican Kevin McCarthy did not end in a deal, they edged closer to an agreement that would […]

By Lewis Jackson and Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese said on Wednesday a Quad summit would not go ahead in Sydney next week without U.S. President Joe Biden, who postponed his trip due to debt ceiling negotiations in Washington. Albanese said the leaders of Australia, the United States, India and Japan would instead meet at the G7 in Japan this weekend, after Biden canceled a trip […]

TAIPEI (Reuters) – Former British prime minister Liz Truss will say in Taiwan on Wednesday that the West must avoid appeasing China and show unwavering support for the self-governed island, in a speech that risks further damaging Britain’s relations with Beijing. Truss is the most well-known British politician to visit Taiwan since former prime minister Margaret Thatcher in the 1990s, and her trip comes at a time when relations between […]

(Reuters) – The former chief executive of the First Republic Bank Michael Roffler blamed contagion spread from the failures of regional banks for the bank’s collapse and said regulators did not express concerns regarding the bank’s strategy, liquidity, or management performance. A total of over $100 billion in deposits were withdrawn from the bank over the course of weeks in response to industry-wide panic about the soundness of regional banks, […]