Town Hall News

(Reuters) – U.S. refiner Valero Energy Corp said on Tuesday CEO Joseph Gorder would step down from the role on June 30 and named Chief Operating Officer Lane Riggs as his successor. Gorder has led Valero as CEO since May 1, 2014 and served as chairman of the board since Dec. 31, 2014. Gorder will remain as executive chairman, the company said. Riggs has been with Valero since 1989 and […]

By Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden and top Republican lawmakers will declare their positions face to face on Tuesday on raising the $31.4 trillion U.S. debt ceiling, with an unprecedented default looming in three weeks if Congress does not act. Ahead of the 4 p.m. EDT (2000 GMT) Oval Office session, there were no signs that either side would immediately agree to any concessions that would […]

BEIJING (Reuters) – The expulsion of a Canadian diplomat was “just and necessary”, a Chinese foreign ministry spokesperson said on Tuesday. China expelled a Canadian diplomat in Shanghai on Tuesday in a tit-for-tat move after Ottawa told a Toronto-based Chinese diplomat to leave , escalating already tense relations amid concerns about Chinese influence in Canada. “China never interferes in other countries’ internal affairs. The expulsion of a Chinese diplomat violates […]

By Jack Queen and Luc Cohen NEW YORK (Reuters) – Jurors on Tuesday will begin deliberating whether Donald Trump raped writer E. Jean Carroll more than two decades ago and then defamed her by claiming she made up the story. Lawyers for Carroll and the former U.S. president delivered closing arguments on Monday in Manhattan federal court after seven days of a civil trial. Trump, the front-runner in the 2024 […]

By Jack Queen and Luc Cohen NEW YORK (Reuters) – Jurors on Tuesday will begin deliberating whether Donald Trump raped writer E. Jean Carroll more than two decades ago and then defamed her by claiming she made up the story. Lawyers for Carroll and the former U.S. president delivered closing arguments on Monday in Manhattan federal court after seven days of a civil trial. Trump, the front-runner in the 2024 […]

(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. Nothing is decided yet – on any front. With world markets still at an impasse on the extent of the economic slowdown and chance of recession, the U.S. debt ceiling impasse remains unresolved – and Tuesday’s showdown at the White House is one of the few opportunities left to resolve it. President Joe Biden […]

JERUSALEM (Reuters) – Global payments firm Airwallex said on Tuesday it was opening an office in Israel this week as part of plans to expand in the Middle East and globally. Founded in Australia, the financial technology company said its Israeli operations, which will begin on Thursday, would be a first step towards expanding across Europe, the Middle East and Africa in 2023. It already serves a number of Israeli […]

MILAN (Reuters) -Iveco Group will buy full ownership of its joint venture with U.S. start-up Nikola Corp which develops battery electric and fuel cell heavy-duty trucks, the Italian truck maker said on Tuesday. With the move, Iveco loosens ties with troubled Nikola, after forming the joint venture in 2019 to help the Italian group, then part of CNH Industrial and a latecomer to electrification, catch up with large European rivals […]

ISLAMABAD (Reuters) -Former Pakistan Prime Minister Imran Khan has been arrested by the military, his aide said on Tuesday. Khan was taken into custody at a court in Islamabad in a corruption case, local broadcaster Geo TV reported. A Reuters witness said shortly after Khan entered the gate of the Islamabad High Court, contingents of paramilitary forces and armoured personnel carriers entered after him. The gate was blocked by the […]