Town Hall News

By Sam Nussey and Kiyoshi Takenaka TOKYO (Reuters) -Japan’s Nintendo Co Ltd on Tuesday said it sees a further slide in sales of its aging Switch console to 15 million units in the financial year to end-March 2024, a 17% annual drop that would mark a third consecutive year of decline. The Kyoto-based gaming firm acknowledged the slowing demand for Switch, now in its seventh year on the market, even […]

By Eduardo Baptista and Ryan Woo BEIJING (Reuters) – China on Tuesday expelled a Canadian diplomat in Shanghai in a tit-for-tat move after Ottawa told a Toronto-based Chinese diplomat to leave, escalating tense relations amid concerns about Chinese influence in Canada. Canada expelled Chinese diplomat Zhao Wei on Monday after an intelligence report accused him of trying to target a Canadian lawmaker critical of China’s treatment of its Uyghur Muslim […]

(Reuters) -Russian cruise missiles exploded in the air over Kyiv on Tuesday and tanks and soldiers assembled in Red Square for a military parade, as Moscow marked the anniversary of victory over the Nazis with a new attack on Ukraine. PUTIN President Vladimir Putin told Russians the world was at a key turning point and they were engaged in a patriotic struggle for the future of their country, as the […]

SHANGHAI (Reuters) – The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations into U.S. due diligence and consulting firms in China and urged authorities to provide more guidance for the sector. “We are concerned by recent reports about investigations of US companies in China that specialize in due diligence or consulting,” said Eric Zheng, president of the American Chamber of Commerce in […]

BARCELONA (Reuters) -Spanish drugmaker Grifols on Tuesday lifted its 2023 margin outlook after reporting sturdy growth in first-quarter core earnings and revenue as cost-cutting measures took effect and supply of plasma blood used in its medicines recovered. The company, which was severely hit at the start of the pandemic due to plasma shortages and left its share price three times lower than it was in 2020, has sought to reassure […]

By Emily Chow SINGAPORE (Reuters) -Oil prices fell on Tuesday, relinquishing some of the strong gains of the previous two sessions with the market cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve’s next interest rate decision. The Brent crude price was down 54 cents, or 0.7%, at $76.47 and U.S. West Texas Intermediate (WTI) crude fell 50 cents, or 0.7%, to trade […]

(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with Swiss miner and commodity trader Glencore Plc to produce battery materials including lithium. Canada-based Li-Cycle had earlier announced in March that it would be building a French battery processing facility amid rising demand for lithium due to its key role in transition towards net zero. The two companies are […]

MILAN (Reuters) -Italy’s Iveco Group has agreed to buy the full ownership of its joint venture with U.S. start-up Nikola developing battery electric and fuel cell heavy-duty trucks for 44 million euros ($48 million), it said on Tuesday. Iveco, which at that time was part of CNH Industrial group, and Nikola formed the joint venture, based in Ulm, Germany, in 2019 to help the Italian truckmaker, a latecomer to electrification, […]

By Amlan Chakraborty NEW DELHI (Reuters) – England fast bowler Jofra Archer is a doubt for the Ashes after he was ruled out for the remainder of this season’s Indian Premier League (IPL) due to injury on Tuesday. Archer spent 17 months on the sidelines following elbow and back injuries before returning to international cricket in January this year. The 28-year-old, however, played only five of Mumbai Indians’ 10 matches […]