Town Hall News

LAGOS (Reuters) – (This May 4 story has been corrected to change the name of Muslim face veil in the headline and paragraph 1, reword paragraph 1 to clarify that not all Muslim women wear niqabs, and add explanation of hijab in paragraph 5) Sherifah Yunus Olokodana, an entrepreneur who has carved out a niche as a chef in Lagos, says she is seeking to break stereotypes about Muslim women […]

By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The company, a rival of Uber, was valued at over $8 billion when it raised 628 million euros from investors in January last year. “We expect to be […]

By Kane Wu and Anirban Sen HONG KONG/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. Bain Capital kicked off the fundraising at the start of the year and has already raised about $2 billion for the new fund, […]

MEXICO CITY (Reuters) – Mexican authorities announced on Monday details of a government plan to attract businesses to a coastal corridor along a southern stretch of the country, part of a larger bid to pump investment in the long-neglected region. The project is a priority of President Andres Manuel Lopez Obrador and aims to link Mexico’s Pacific and Gulf coasts via an expanded freight rail line along with multiple industrial […]

(Corrects name of Muslim face veil in headline and lead, rewords lead to make clear that not all Muslim women wear niqabs, adds explanation of hijab in last paragraph) LAGOS (Reuters) -Sherifah Yunus Olokodana, an entrepreneur who has carved out a niche as a chef in Lagos, says she is seeking to break stereotypes about Muslim women in Nigeria as she demonstrates cooking on Instagram wearing a niqab face veil. […]

(Reuters) -Shares of PacWest Bancorp jumped 24% on Monday and led a recovery in the battered U.S. banking sector after the lender sharply cut its quarterly dividend to shore up its finances. On Friday, Los Angeles-based PacWest said it would pay a dividend of 1 cent per common share, compared with its regular payout of 25 cents, citing economic uncertainty and volatility in the industry. “Given the extreme volatility in […]

(Reuters) – Ferrari are struggling with an inconsistent car that is competitive in qualifying but off pace in the race, Charles Leclerc and Carlos Sainz said after a difficult Miami Grand Prix. The Italian team’s next outing is a home one at Imola and fans will be apprehensive after a weekend that delivered far less than hoped for. Sainz finished fifth and Leclerc seventh in Miami as Max Verstappen led […]

PARIS (Reuters) – Ryanair is close to signing a major new aircraft order with Boeing, two people familiar with the matter said on Monday. The multi-billion-dollar deal for a three-digit quantity of 737 MAX jets could be announced as early as Tuesday, they added, asking not to be named. Boeing and Ryanair declined to comment. Boeing shares were flat in early afternoon trading. Europe’s largest budget carrier halted negotiations for […]

PARIS (Reuters) – Ryanair is close to signing a major new aircraft order with Boeing, two people familiar with the matter said on Monday. The multi-billion-dollar deal for a three-digit quantity of 737 MAX jets could be announced as early as Tuesday, they added, asking not to be named. Boeing and Ryanair declined to comment. Boeing shares were flat in early afternoon trading. Europe’s largest budget carrier halted negotiations for […]