Town Hall News

By Aditya Soni (Reuters) -Lyft Inc shares tumbled 17% in premarket trading on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns about a hit to its profit margins. At least nine analysts slashed their price targets on a stock that has widely underperformed the market this year. The company’s market capitalization was set to decline by nearly $700 million […]

(Reuters) -Russia’s main mercenary group threatened on Friday pull out of the eastern Ukrainian city of Bakhmut in a new sign of tension among Russian armed forces as Ukraine readies a huge military push to try to end their invasion. WAGNER * Standing in a field of corpses, Russian mercenary boss Yevgeny Prigozhin published an expletive-ridden video personally blaming top defence chiefs for losses suffered by his Wagner Group fighters […]

(Reuters) – FibroGen Inc said on Friday its anemia drug had failed to meet the main goal in a late-stage trial, sending its shares tumbling nearly 13% before the bell. The drug, roxadustat, was being studied for the treatment of anemia in patients with a type of bone marrow cancer. (Reporting by Sriparna Roy in Bengaluru; Editing by Sriraj Kalluvila) Brought to you by www.srnnews.com

By Khalid Abdelaziz and Nafisa Eltahir PORT SUDAN, Sudan (Reuters) -Heavy gunfire echoed around Khartoum again on Friday as civilians trapped in the Sudanese capital said the army and rival paramilitary forces were fighting on and ignoring their plight. “It’s been four days without electricity and our situation is difficult… We are the victims of a war that we aren’t a part of. No one cares about the citizen,” said […]

(Reuters) -Five Indian Army soldiers were killed and one wounded during an operation against militants in Kashmir on Friday, the army said. Indian defence forces have launched several operations in the Rajouri sector of the Himalayan region since unidentified attackers opened fire on an Indian Army vehicle last month. A military search team came across a group of militants in an area which is “thickly vegetated with rocky and steep […]

NAIROBI (Reuters) – Kenyan President William Ruto has appointed a commission of inquiry into the deaths of more than 100 people believed to have been members of a cult whose leader ordered them to starve themselves to death, Ruto’s spokesman said. Kenyan authorities say the dead were members of the Good News International Church led by Paul Mackenzie, who they say predicted the world would end on April 15 and […]

(Reuters) – Warner Bros Discovery Inc said on Friday its streaming business turned a profit in the first quarter, a milestone for a division that had been losing money in its bid to gain subscribers and a foothold in the industry’s digital future. The company’s streaming unit, which includes the HBO Max and Discovery+ services, posted adjusted pre-tax earnings of $50 million in the quarter, compared with a loss of […]

By Julie Zhu and Scott Murdoch HONG KONG/SYDNEY (Reuters) – China’s largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public offerings in the city, two sources said. The courier group, regarded as China’s answer to FedEx Corp and DHL, has picked Goldman […]

BANGKOK (Reuters) – Another opposition leader emerged as the favourite to be Thailand’s next prime minister in a new opinion poll on Friday, just days out from an election that could see an end to nine years of military-backed government. Pita Limjaroenrat, 42, the charismatic leader of the Move Forward party, jumped ahead of Paetongtarn Shinawatra of the main opposition Pheu Thai, with 29.37% support versus her 27.55% in a […]