Town Hall News

SHANGHAI/BERLIN (Reuters) – Automakers including Volkswagen and General Motors could have considerable unused production capacity for conventionally powered vehicles in China by 2030 if they do not speed up their transition to electric vehicles (EV), Greenpeace said on Thursday. As demand for new energy vehicles (NEV) – including fully electric and plug-in hybrid cars – grows, new NEV-only producers such as BYD will take market share and leave legacy automakers […]

By Leika Kihara (Reuters) -Bank of Japan policymakers debated the country’s progress towards achieving their inflation target and the pace at which they could roll back stimulus at new governor Kazuo Ueda’s debut meeting in April, a summary of opinions at the meeting showed. Some in the board also flagged the side-effects of the BOJ’s bond yield control and possible repercussions in case it raises interest rates in the future, […]

By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) -Israel hit Islamic Jihad targets in Gaza for a second day on Wednesday and Palestinian militants launched hundreds of rockets across the border, setting off sirens as far away as Tel Aviv, while Egypt began efforts to mediate an end to the fighting. The second round of cross-border fire in a week came after Israel launched strikes on Tuesday against three Islamic […]

By Kevin Buckland TOKYO (Reuters) – The dollar sank for a second day against the yen on Thursday, feeling the pressure from lower U.S. Treasury yields after slowing inflation gave traders more confidence that the Federal Reserve is through with rate hikes. The 10-year Treasury yield, which the dollar-yen pair tends to track, slipped to 3.4252% in Tokyo trading, extending an 8 basis point decline from overnight, after headline CPI […]

SANTIAGO (Reuters) -Chile’s senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that could come as early as next week. Chile is the world’s top copper producer and the bill aims to raise taxes on large copper producers. Earlier this week, the government said it reached an agreement with senators to cut the top tax rate to 46.5% […]

By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said at a flag-bedecked event at Westchester Community College in Valhalla, New York. Biden made his […]

By Joan Faus, Nacho Doce and Charlie Devereux VACARISSES, Spain (Reuters) – Many people were drawn to the town of Vacarisses near Barcelona in the 1970s by the suburban dream of homes with large gardens and swimming pools to provide respite during long, hot summers. But now that lifestyle is under threat as a severe drought forces authorities to reach for increasingly stringent measures to conserve water, including restrictions on […]

By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said at a flag-bedecked event at Westchester Community College in Valhalla, New York. Biden made his […]

By Joan Faus, Nacho Doce and Charlie Devereux VACARISSES, Spain (Reuters) – Many people were drawn to the town of Vacarisses near Barcelona in the 1970s by the suburban dream of homes with large gardens and swimming pools to provide respite during long, hot summers. But now that lifestyle is under threat as a severe drought forces authorities to reach for increasingly stringent measures to conserve water, including restrictions on […]