Town Hall News

(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company’s first revenue-generating operations. Unlike other electric vertical takeoff and landing (eVTOL) manufacturers, which plan to sell aircraft to customers such as airlines […]

(Reuters) – A well-rested Jason Day will return to competition this week for the first time since enduring a horror finish to last month’s Masters that the Australian revealed on Wednesday was due to another bout of vertigo. Day had a chance at a top-12 finish at Augusta National that would have secured him an invite to the 2024 Masters but came apart in spectacular fashion with four double-bogeys across […]

RABAT (Reuters) – Morocco’s royal palace said on Wednesday the start of the Amazigh year will be an official paid holiday much to the delight of Amazigh activists who campaigned for decades for the recognition of their calendar. Home to North Africa’s biggest Amazigh, or Berber, population, Morocco long marginalised its language and culture in favour of Arabic and French, giving rise to an Amazigh identity movement which has steadily […]

MOSCOW (Reuters) – Yevgeny Prigozhin, leader of Russia’s Wagner Group mercenary force, said on Wednesday that he believed a promised counter-offensive by Ukrainian troops had already begun and that his forces were observing heightened activity along the front. In an audio message published by his press service on social media, Prigozhin said that the “active phase” of the counteroffensive would begin in the coming days. The Kyiv government has long […]

By Rich McKay ATLANTA (Reuters) – At least one person was killed in a lunchtime shooting at a medical building in a busy commercial area of Atlanta, and the suspected gunman was still at large, police said on Wednesday. Police, who said at least four people were hospitalized after the gunfire, responded to calls about an active shooter just after 12:30 p.m. ET in the Midtown section of the city, […]

By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Estee Lauder Cos Inc’s shares plunged on Wednesday after the cosmetics maker forecast weaker sales and profit for the year than previously estimated, blaming slow recovery at duty-free and travel destinations, especially in Asia.    Global retailers have banked on improved demand out of Asia after China eased COVID restrictions last year, but Estee’s travel retail division, one of its highest-growth sectors, did not […]

By Rich McKay ATLANTA (Reuters) – At least one person was killed in a lunchtime shooting at a medical building in a busy commercial area of Atlanta, and the suspected gunman was still at large, police said on Wednesday. Police, who said at least four people were hospitalized after the gunfire, responded to calls about an active shooter just after 12:30 p.m. ET in the Midtown section of the city, […]

By Kiana Wilburg GEORGETOWN (Reuters) – An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruling released on Wednesday showed. Exxon “engaged in a disingenuous attempt” to dilute its obligations under its environmental permit for Liza One, the project that inaugurated the country’s oil production in 2019, High Court […]

By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional U.S. bank stocks stood near a one-month high in options markets on Wednesday, even as shares of lenders saw a reprieve from their recent sell-off. The 30-day implied volatility on the SPDR S&P Regional Banking ETF, which measures traders’ expectation for near-term price swings, stood at 46 on Wednesday, just […]