Town Hall News

By JEEVAN RAVINDRAN LONDON (Reuters) – U.S. citizen Donna Werner is no stranger to royal celebrations – for more than three decades she has travelled to Britain to join in the public party at weddings and jubilees. Now she is ecstatic to be in London for her first coronation. “And we’re off! This is such a once-in-a-lifetime experience,” Werner exclaimed as she set off from her hotel towards Buckingham Palace, […]

LONDON (Reuters) – From the religious symbolism of his anointment to the moment when the crown is placed on his head, what are the highlights to look out for during the coronation of King Charles on Saturday? COACH PROCESSION A grand procession by the royals in historic coaches through central London is always a highlight of any major state occasion. For the coronation, Charles and his wife Camilla, who will […]

BERLIN (Reuters) – BMW reported on Thursday an earnings margin of 12.1% in the first quarter of 2023 for its cars segment, up from 8.9% a year earlier, confirming its outlook for 2023 but warning of ongoing high costs and rising competition particularly in China. The carmaker attributed a drop in group earnings before tax – to 5.1 billion euros ($5.65 billion) from 12.2 billion last year – to the […]

By Jennifer Rigby and Emma Farge LONDON (Reuters) – A panel of global health experts will meet on Thursday to decide if COVID-19 is still an emergency under the World Health Organization’s rules, a status that helps maintain international focus on the pandemic. The WHO first gave COVID its highest level of alert on January 30 2020, and the panel has continued to apply the label ever since, at meetings […]

By Jennifer Rigby and Emma Farge LONDON (Reuters) – A panel of global health experts will meet on Thursday to decide if COVID-19 is still an emergency under the World Health Organization’s rules, a status that helps maintain international focus on the pandemic. The WHO first gave COVID its highest level of alert on January 30 2020, and the panel has continued to apply the label ever since, at meetings […]

By Lewis Krauskopf and David Randall NEW YORK (Reuters) – The end of a market-punishing rate hiking cycle may be in sight, but uncertainty over stock valuations and the economic outlook is keeping investors on alert for more turbulence ahead. The Federal Reserve on Wednesday signaled it may pause interest rate increases after raising rates by 500 basis points over the last 14 months to fight inflation in its most […]

(Reuters) -PacWest Bancorp said on Thursday that it has been approached by several potential partners and investors, and that those talks are ongoing as it continues to evaluate all options to maximize shareholder value. The Los Angeles-based lender said it has explored strategic asset sales, including moving its $2.7 billion lender finance loan portfolio to held-for-sale. PacWest said its cash and available liquidity remains “solid” and has exceeded its uninsured […]

MADRID (Reuters) – Carlos Alcaraz has enjoyed a spectacular start to his career by winning a Grand Slam crown and three Masters 1000 titles as a teenager and the world number two said he dreams of becoming one of the game’s all-time greats. The Spaniard, who turns 20 on Friday, won the U.S. Open last September to become the youngest man to top the world rankings. The ‘Big Three’ of […]

(Reuters) – PacWest Bancorp said on Thursday that it is exploring strategic asset sales, including moving the $2.7 billion lender finance loan portfolio to held-for-sale in the first quarter. The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank to JPMorgan Chase & Co, PacWest added. (Reporting by Shivani Tanna in Bengaluru; Editing by Savio D’Souza) Brought to you by www.srnnews.com