Town Hall News

By Federica Mileo (Reuters) – Air France-KLM on Friday reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales. The carrier’s revenue grew 42% year-on-year to 6.33 billion euros ($6.97 billion), just above the 6.30 billion euros expected on average by analysts polled by the company. Airlines and airport operators are benefiting from a strong traffic recovery […]

LONDON (Reuters) – Global gold demand fell in the first three months of 2023 as large purchases by central banks and Chinese consumers were offset by reduced investor buying, the World Gold Council (WGC) said on Friday. Total demand amounted to 1,081 tonnes, down 13% from the first quarter of 2022, the WGC said in its latest quarterly demand trends report. Around half of gold demand comes from jewellers, with […]

(Reuters) – Russian drones attacked the Ukrainian capital Kyiv on Thursday evening, the fourth assault in as many days subjecting residents to spasms of gunfire and explosions. FIGHTING * Ukrainian military command said in its Friday morning report that 18 out 24 drones launched by Russian forces had been shot down. It said the Russian military had launched 10 missile strikes on the cities of Kramatorsk and Zaporizhzhia, and also […]

LONDON (Reuters) -Adidas said on Friday its first-quarter numbers came in better than expected, although sales dipped 1% from a year-ago period, as investors hope for the German sportswear giant to turn its fortunes around. Adidas, which last year ended a lucrative partnership with Ye, the rapper formerly known as Kanye West, gave no update on what it plans to do with its stock of unsold Yeezy shoes. The Yeezy […]

(Reuters) – The DP World Tour has threatened Spain’s Sergio Garcia with “appropriate action” after he failed to pay a 100,000 pound ($126,000) fine imposed by a sports arbitration panel within 30 days for playing in a LIV Golf event. The DP World Tour, formerly known as the European Tour, last month won its legal battle to be able to suspend and fine LIV Golf players who competed in conflicting […]

By Stephen Nellis (Reuters) – When Apple Inc surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users. Cook is betting that those markets will provide more opportunities for growth, with their youthful populations and relatively few iPhones. Apple said iPhone sales rose 1.5% […]

By Tom Wilson and Angus Berwick LONDON (Reuters) -Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities show. Israel’s National Bureau for Counter Terror Financing (NBCTF) on Jan. 12 confiscated two Binance accounts […]

(Reuters) – The absence of Sergio Garcia, Ian Poulter and Lee Westwood from this year’s Ryder Cup is sad, but could herald a generational shift, said Team Europe captain Luke Donald. The trio, who have played in 28 Ryder Cups among them and are now part of the LIV Golf series, confirmed on Wednesday that they had quit the DP World Tour, ruling themselves out of the biennial contest against […]

By Arathy Somasekhar and Andrew Hayley (Reuters) – Oil prices rose in Asian trade on Friday, but were poised for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose 60 cents, or 0.8%, to $73.10 a barrel at 0545 GMT, while U.S. West Texas Intermediate was up 52 cents, or 0.8%, at $69.08 a […]