Town Hall News

By Rajesh Kumar Singh and Allison Lampert (Reuters) – Delta Air Lines’ industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. Any proposal that falls short of Delta’s deal will likely have no takers among the unions, but airline executives say even matching that contract could balloon operating costs […]

BERLIN (Reuters) – Werder Bremen will be missing injured Bundesliga top striker Niklas Fuellkrug when they host leaders Bayern Munich on Saturday, coach Ole Werner said on Thursday. The 30-year-old Fuellkrug, who earned a surprise Germany call-up for last year’s World Cup, leads the league scorers’ list with 16 goals this season but has been out for some weeks with calf muscle problems. “Fuellkrug has been ruled out,” Werner told […]

By Ankika Biswas and Sruthi Shankar (Reuters) – U.S. stock indexes were set for a lower open as news of PacWest Bancorp exploring strategic options deepened concerns about the health of regional banks, countering optimism from the Federal Reserve’s signal of a likely pause in its interest rate hikes. PacWest Bancorp tumbled 37.2% in premarket trading on Thursday after it confirmed it was exploring strategic options, including a sale, after […]

MILAN (Reuters) -Ferrari’s first quarter core earnings rose 27%, beating forecasts, as the Italian luxury sports car maker on Thursday said demand for its cars stretched into the next two years. “Our order book already extends into 2025 with an award-winning product portfolio,” Chief Executive Benedetto Vigna said, adding that Ferrari was reopening orders for its Purosangue four-door, four-seater, which had been suspended due to initial “unprecedented” demand. Deliveries of […]

ROME (Reuters) – Italian Foreign Minister Antonio Tajani has threatened to cancel a trip to Paris on Thursday unless France clarifies comments by the French interior minister that were critical of Italy’s prime minister, an official said. The French minister, Gerald Darmanin, told RMC radio earlier that Italian leader Giorgia Meloni was “unable to solve the migration problems on which she was elected” and accused her of “lying” to voters […]

By Toby Sterling, Christoph Steitz and Markus Wacket AMSTERDAM/BERLIN (Reuters) – Talks on a planned sale of Dutch state-owned electricity grid operator TenneT’s German unit to Berlin have hit a hitch over price, the company’s outstanding bonds and offshore infrastructure, people familiar with the matter said. The sale would be one of Europe’s biggest deals this year and highlights the German government’s desire to control infrastructure vital for climate change […]

LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them last summer and the central bank did not explicitly commit to further hikes. ECB President Christine Lagarde will hold a press […]

AMSTERDAM (Reuters) – A crackdown on international art trafficking has recovered 11,049 stolen artefacts, including ancient coins and books and a marble bust believed to represent the niece of a Roman emperor, European police force Europol said on Thursday. Sixty people were arrested in the raids across 14 European countries last year, part of so-called Operation Pandora launched by Europol in 2016 and renewed annually since then. Among the recovered […]

LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them last summer and the central bank did not explicitly commit to further hikes. ECB President Christine Lagarde will hold a press […]