Town Hall News

By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle connectivity that is seen as crucial to offering services such as autonomous driving and other artificial intelligence-backed features. […]

By Tyler Clifford and Brendan O’Brien NEW YORK (Reuters) -A former U.S. Marine who killed a homeless man by putting him in a chokehold on the New York City subway will be arrested on Friday and arraigned on a charge of manslaughter, the Manhattan district attorney said on Thursday. A viral video showed the former Marine, identified as Daniel Penny, putting 30-year-old Jordan Neely in a chokehold on May 1 […]

ISTANBUL (Reuters) – Parties to the Black Sea grain deal are approaching an agreement on extending it after two days of talks in Istanbul between Ukrainian, Russian, Turkish and UN officials, Turkish Defence Minister Hulusi Akar said. Russia has said that the deal would expire unless Moscow secured guarantees that its demands would be met by the deadline of May 18. Akar’s comment was released by his ministry in a […]

(Reuters) – The U.S. Federal Reserve will probably need to raise interest rates further if inflation stays high, Fed Governor Michelle Bowman said on Friday, adding that key data so far this month has not convinced her that price pressures are receding. “Should inflation remain high and the labor market remain tight, additional monetary policy tightening will likely be appropriate to attain a sufficiently restrictive stance of monetary policy to […]

By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an outside party to further examine the events that led to the abrupt failure of Silicon Valley Bank, arguing in a rare Fed insider’s critique that it is a necessary supplement to its own internal review. In prepared remarks, Bowman also cautioned against using recent turmoil in the banking sector as […]

By Sarah Young LONDON (Reuters) -Mike Lynch has been extradited to the United States to face criminal charges over Hewlett Packard’s $11 billion acquisition of his software company Autonomy, a dramatic fall from grace for a man once hailed as Britain’s most successful tech leader. Britain’s interior ministry said on Friday that Lynch had been extradited on May 11. Lynch – the co-founder of Autonomy – faces 17 charges over […]

By Yuka Obayashi and Andrew Hayley BEIJING (Reuters) -Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world’s two largest oil consumers. Brent crude futures dropped by 48 cents, or 0.64%, to $74.50 a barrel by 0635 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or […]

ISTANBUL (Reuters) – Kemal Kilicdaroglu, the main election rival of Turkish President Tayyip Erdogan, issued a warning to Russia, accusing it of responsibility for the release of fake material on social media ahead of Sunday’s ballot. Kilicdaroglu, who has a slight lead over long-time leader Erdogan according to opinion polls, did not specify to which material he referred. A third presidential candidate, Muharrem Ince, withdrew from the race on Thursday […]

By Sam Nussey TOKYO (Reuters) -Japanese e-commerce and fintech giant Rakuten Group Inc on Friday posted an operating loss of 76.2 billion yen ($564.24 million) for the first three months of 2023, dragged down by its money-losing mobile phone business. Rakuten posted a January-March loss of 102.7 billion yen for the mobile business – though that was narrower than in the same period a year earlier. Rakuten founder and CEO […]