Town Hall News

By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others. As automakers pivot to electric vehicles with more driver assistance functions, they are revamping the electronics to eliminate dozens of cables that crisscross the car linking up over 100 […]

By Sachin Ravikumar and Kylie MacLellan LONDON (Reuters) -Ukrainian President Volodymyr Zelenskiy will meet Prime Minister Rishi Sunak in Britain on Monday as part of a tour of several key European allies ahead of an expected major Ukrainian counter-offensive against Russian forces. Last week Britain became the first country to start supplying Ukraine with long-range cruise missiles, which will allow its forces to hit Russian troops and supply dumps deep […]

(Reuters) -Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice said that the lender consortium, which includes Fortress Investment Group, Soros Fund Management and Monroe Capital, will provide about $225 million in the form of a credit bid for substantially all of the company’s […]

By Florence Tan and Mohi Narayan (Reuters) -Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offset bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 26 cents, or 0.35%, to $73.91 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude was at $69.34 a […]

By Sachin Ravikumar and Kylie MacLellan LONDON (Reuters) -Ukrainian President Volodymyr Zelenskiy will meet Prime Minister Rishi Sunak in Britain on Monday as part of a tour of several key European allies ahead of an expected major Ukrainian counter-offensive against Russian forces. Last week Britain became the first country to start supplying Ukraine with long-range cruise missiles, which will allow its forces to hit Russian troops and supply dumps deep […]

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar rose to a five-week high against major peers on Monday, buoyed by inflation worries at home and growth concerns globally, though its gains were capped by anticipation the Federal Reserve will cut rates later this year. The Turkish lira sank to a two-month low after weekend elections looked headed for a runoff, while the Thai baht rallied almost 1% after Thailand’s […]

By Farah Master HONG KONG (Reuters) – China will launch pilot projects in more than 20 cities to create a “new-era” marriage and childbearing culture to foster a friendly child bearing environment, the latest move by authorities to boost the country’s falling birth rate. China’s Family Planning Association, a national body that implements the government’s population and fertility measures, will launch the projects to encourage women to marry and have […]

(Reuters) – Vice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale. The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 billion. Vice also said the group agreed to the terms of an asset purchase agreement with a […]

(Reuters) – The U.S. cryptocurrency enforcement tsar has said that the country was stepping up scrutiny of crypto exchanges to target illicit behavior on the platforms, the Financial Times reported on Monday. The Department of Justice (DOJ) is targeting crypto companies that engage in crimes themselves or allow crimes like money laundering to happen, Eun Young Choi, director of the agency’s National Cryptocurrency Enforcement Team (NCET), told the FT. “… […]