Town Hall News

(Reuters) – Australia’s Big Bash League (BBL) will be shortened to a 44-game season from 2023-24, Cricket Australia announced on Friday as it brought forward changes in the tournament structure set to be implemented under the new broadcast deal. The Twenty20 competition will be cut by 17 matches, featuring 40 home-and-away matches plus four finals from the next edition. The changes come 12 months in advance of a seven-year broadcast […]

TOKYO (Reuters) -Toshiba Corp on Friday forecast its operating profit to dip this financial year, ahead of a planned $15-billion buyout by a consortium led by private-equity firm Japan Industrial Partners (JIP). Toshiba forecast an operating profit of 110 billion yen ($814.51 million) for the year through March 2024, a marginal drop from 110.5 billion yen last year. Seven analysts compiled by Refinitiv expect an operating profit of 166.03 billion […]

LONDON (Reuters) – British tech entrepreneur 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, Britain’s interior ministry said on Friday. Lynch – the co-founder of Autonomy who was once hailed as Britain’s answer to Bill Gates – faces 17 charges over the 2011 takeover, which was one of Britain’s biggest tech deals. Lynch denies […]

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 leak, attributed to a setting error in the cloud environment, could encompass details such as vehicle locations and identification numbers of vehicle devices, but there were no reports of malicious use, the company said. Affected customers included those […]

By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) – Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing targeted controls on investments to China, which analysts see as a double-edged sword that could make little headway. China is much on the minds of G7 finance leaders gathering in the Japanese city of Niigata, with current G7 chair Japan leading fresh […]

By Victoria Klesty OSLO (Reuters) -Norwegian Air reported a first-quarter loss on Friday, and said strong booking numbers would give the budget carrier a boost for the summer season. The January-March net loss decreased to 993 million Norwegian crowns ($94.7 million) from a year-ago loss of 1.03 billion, Norwegian said. During the first quarter, normally a slow period for holiday travel, the company curtailed capacity by up to 30% to […]

By Daniel Becerril and Ted Hesson MATAMOROS, Mexico (Reuters) -The U.S. on Friday ended COVID-19 border restrictions that blocked many migrants at the border with Mexico, immediately replacing the so-called Title 42 order with a sweeping new asylum regulation meant to deter illegal crossings. But several last-minute court actions added confusion to how the new border policies will play out in coming days. Just before Title 42 was set to […]

By Samia Nakhoul ISTANBUL (Reuters) -For more than two decades, President Tayyip Erdogan has been the lord of all elections in Turkey.     With Sunday’s presidential vote putting him in a tight race with opposition rival Kemal Kilicdaroglu, it is hard to believe the feisty politician who has ruled Turkey with a strong arm graciously admitting defeat and quietly bowing out of office.     Uncertainty, anxiety, anticipation and tension over […]

FRANKFURT (Reuters) -Germany’s Allianz on Friday posted a big rise in first-quarter net profit, rebounding after taking charges a year ago for a U.S. funds scandal. The quarterly jump in profit of 329% fell short of analyst expectations, however, and was damped in part by weakness in Allianz’s asset management division, which saw lower revenues and operating profit. For the group as a whole, net profit attributable to shareholders was […]