Town Hall News

By Nidal al-Mughrabi GAZA (Reuters) -Israel’s air force hit Islamic Jihad targets in Gaza for a second day running on Wednesday and Palestinian militants in the enclave began launching rockets across the border, setting off sirens and sending residents to shelters in surrounding towns. The military said it had hit rocket launch sites belonging to the group, as a series of blasts rocked different points including what witnesses described as […]

By Louise Rasmussen COPENHAGEN (Reuters) – Drugmaker Swedish Orphan Biovitrum (SOBI) said on Wednesday it had agreed to make a $1.7 billion cash offer for CTI BioPharma, a U.S. biopharmaceutical company focused on blood related cancers and rare diseases. SOBI said it would make a tender offer for $9.10 per CTI share, a premium of 89% over Tuesday’s closing price of $4.82, to be partly funded via a share issue, […]

ISLAMABAD (Reuters) – Former Pakistani prime minister Imran Khan was on Wednesday indicted by a court on charges that he unlawfully sold state gifts during his premiership between 2018-22, broadcaster Geo News reported. The indictment followed a decision by the Election Commission of Pakistan last October which found Khan guilty of illegally selling state gifts and barred him from holding public office until the next election. He has denied any […]

By Akash Sriram (Reuters) – Shares of Rivian Automotive Inc rose 7% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability. The company looked set to add nearly $800 million to its market valuation, based on premarket stock prices, after it reiterated its annual production forecast and beat quarterly […]

By Umit Ozdal and Daren Butler DIYARBAKIR, Turkey (Reuters) – Formerly a Tayyip Erdogan supporter, broadcaster Mehmet Dalgic switched allegiance to his main challenger after the ruling AK Party failed to offer sympathy for the destruction of his TV station in southeast Turkey in February’s earthquake. The lack of support was the final straw in Dalgic’s gradual disillusionment with the AKP, which has long enjoyed solid support in the region […]

By Tarek Amara TUNIS (Reuters) -A Tunisian security officer who was wounded in Tuesday’s shooting attack outside a synagogue on the Tunisian island of Djerba has died, hospital sources said, bringing the death toll to six including the shooter. The attacker, a National Guard member, killed a colleague at a naval installation, then travelled to the synagogue where an annual Jewish pilgrimage was taking place and opened fire on police […]

WARSAW (Reuters) – Poland summoned Russia’s ambassador on Wednesday over an incident involving a Russian fighter jet and a Polish border guard aircraft over the Black Sea, a spokesman for the Polish foreign ministry said. A Polish border guard aircraft on patrol for the European Union’s border agency Frontex narrowly avoided a collision with a Russian fighter jet over the Black Sea near Romania on May 7, Romania and Poland […]

By Jason Lange, Gabriella Borter and Joseph Ax (Reuters) – Republican vulnerabilities on abortion policy are on display in Ohio, with the party playing defense against a surge in abortion rights activism that could help President Joe Biden and his Democratic Party in next year’s elections. Facing a Wednesday deadline, Republicans have spent weeks preparing a measure that could make it more difficult for voters to approve a state constitutional […]

By Tom Wilson and Vidya Ranganathan (Reuters) -Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” asset. As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe. Tether is already the top performer among stablecoins — digital tokens pegged to some fiat asset like […]