Town Hall News

By Kate Lamb LABUAN BAJO, Indonesia (Reuters) – Southeast Asian leaders meeting in Indonesia called on Wednesday for an immediate end to hostilities in military-ruled Myanmar, in an effort to create a window for urgent dialogue and aid delivery as fighting intensifies. The summit of the Association of Southeast Asian Nations (ASEAN) was expected to see wrangling over the bloody crisis in Myanmar, with patience wearing thin as its junta […]

By Arpan Chaturvedi, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, bolstering the country’s fourth-largest carrier chances of getting back on its feet, but lessors are expected to mount legal challenges to repossess planes. The low-cost carrier, recently rebranded as Go First, was plunged into financial crisis this year, sparked by what it called “faulty” Pratt & Whitney engines […]

TOKYO (Reuters) -Japan’s Panasonic Holdings Corp on Wednesday said it expects net profit to rise to a record high this year on robust auto battery sales and a hefty tax credit in the United States. The industrial conglomerate, which supplies batteries to U.S. electric vehicle (EV) leader Tesla Inc, is expanding its energy business just as persistently high inflation rates worldwide dampen consumer sentiment. Panasonic predicts net profit will grow […]

BEIJING (Reuters) – China’s military said on Wednesday the aircraft carrier Shandong had returned to its home port in Hainan “in recent days”, after a month-long voyage that included transits around Taiwan for drills and a flex of muscles as far out as the Western Pacific. This year, the Shandong has been spotted in the Taiwan strait, the Bashi channel between Taiwan and the Philippines, and even as far as […]

BEIJING (Reuters) – China’s military said on Wednesday the aircraft carrier Shandong had returned to its home port in Hainan “in recent days”, after a month-long voyage that included transits around Taiwan for drills and a flex of muscles as far out as the Western Pacific. This year, the Shandong has been spotted in the Taiwan strait, the Bashi channel between Taiwan and the Philippines, and even as far as […]

NEW DELHI (Reuters) – Pratt & Whitney plans to oppose Go Airlines (India) Ltd’s push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed. The airline, widely known as Go First, approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time. That, the Indian […]

By Bernadette Christina and Stefanno Sulaiman JAKARTA (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11% to just 1%, provided they are manufactured with at least 40% local […]

(Reuters) – Australian lithium miner Allkem Ltd has inked a $10 billion merger agreement with U.S.-based chemical manufacturing firm Livent Corp, the Australian Financial Review reported on Wednesday. The deal is anticipated to be announced overnight in the U.S., the report said. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Sonia Cheema) Brought to you by www.srnnews.com

(Reuters) -European Union states hold a first discussion on Wednesday on proposed new sanctions over Russia’s war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting existing trade restrictions. HEATED DEBATE * Talks among EU envoys start at 0800 GMT and are set to be heated, according to one diplomat, with Russia hawks upset the plan doesn’t go far enough but […]