Town Hall News

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – The fate of India’s fourth-largest carrier Go Airlines (India) Ltd and its 7,000 employees is set to be decided on Wednesday, in a bankruptcy plea ruling that will also have major implications for foreign lessors trying to repossess planes. The low-cost carrier, recently rebranded as Go First, has said its financial crisis was sparked by “faulty” Pratt & Whitney engines […]

JERUSALEM (Reuters) – Israeli forces killed two Palestinians in the occupied West Bank on Wednesday, the Palestinians Health Ministry said. The Israeli military did not immediately confirm the fatalties. (Reporting by Emily Rose; Editing by Kim Coghill) Brought to you by www.srnnews.com

(Corrects headline and first paragraph to say funding would help ramp up production, not sales) (Reuters) -Electric vehicle (EV) startup Faraday Future Intelligent Electric said on Tuesday it was raising $100 million in debt to ramp up production and achieve a delivery milestone for its flagship FF 91 Futurist vehicle. The company signed agreements for financing commitments of $100 million in unsecured convertible notes to generate cash to increase production […]

By Julie Zhu HONG KONG (Reuters) -CICC Capital, a unit of Chinese investment bank CICC, has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group. Capvision is the latest consultancy and due diligence firm to get caught in Beijing’s sweeping crackdown on what state media describes as “intensifying” law enforcement aimed at protecting national security. […]

By Elida Moreno PANAMA CITY (Reuters) – The number of people arriving in the treacherous Darien Gap linking Panama with Colombia soared in April and early May, Panamanian government data shows, dealing a blow to U.S. efforts to curb undocumented migration to the north. According to figures from Panama’s Security Ministry seen by Reuters on Tuesday, 40,297 migrants reached Panama through the jungle connecting it with Colombia in April, up […]

By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of Chinese investment bank CICC, has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group. Capvision is the latest consultancy and due diligence firm to get caught in Beijing’s sweeping crackdown on what state media describes as “intensifying” law enforcement aimed at protecting national […]

By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of Chinese investment bank CICC, has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group. Capvision is the latest consultancy and due diligence firm to get caught in Beijing’s sweeping crackdown on what state media describes as “intensifying” law enforcement aimed at protecting national […]

By Kate Lamb LABUAN BAJO, Indonesia (Reuters) – Southeast Asian leaders meeting in Indonesia will on Wednesday wrangle over an escalating crisis in military-ruled Myanmar, with patience in the ASEAN bloc wearing thin as its junta shows no intent to end hostilities and pursue a peace plan. The summit of the Association of Southeast Asian Nations (ASEAN) takes place as Myanmar’s military intensifies attacks and air strikes on resistance forces […]

By Tom Westbrook SINGAPORE (Reuters) – Stocks were struggling to advance in Asia and the dollar was firm on Wednesday ahead of U.S. consumer price data that could damage hopes for interest rate cuts later this year if inflation fails to show much of a decline. MSCI’s broadest index of Asia-Pacific shares outside Japan had fallen on Tuesday and inched down a further 0.3% early on Wednesday. Japan’s Nikkei fell […]