Town Hall News

By Tanvi Mehta, Chris Thomas and Dhanya Skariachan BENGALURU (Reuters) -Go Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline’s chief executive told Reuters in an interview on Wednesday. His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming “faulty” Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The […]

MILAN (Reuters) – UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. Solid results by Italy’s only bank that regulators deem of global systemic relevance are the latest evidence of strength for a sector where a string of failures this year has shaken investors’ confidence. UniCredit forecast a 2023 profit above 6.5 billion euros ($7.2 billion), improving the guidance it […]

MOSCOW (Reuters) – Russia’s Foreign Ministry said on Wednesday that proposed talks between Russia, Ukraine and Turkey on the Black Sea grain deal on May 5 have not yet been agreed, Russian media reported. Earlier on Wednesday, Turkish state-owned Anadolu news agency quoted Turkey’s Defence Minister Hulusi Akar as saying the grain deal would be discussed at a meeting in Istanbul. But Russia’s state-owned news agency RIA quoted the Foreign […]

(Reuters) – Russia launched a third nightly round of attacks on Kyiv in six days, authorities in the Ukrainian capital said on Wednesday, with a drone hitting a building in the Dnipropetrovsk region as Moscow steps up attacks on its neighbour. FIGHTING/MILITARY * A fuel depot was on fire early on Wednesday near a crucial bridge linking Russia’s mainland with Crimea, a Russian official said, days after Moscow blamed Ukraine […]

By Maggie Fick LONDON (Reuters) – Positive trial data showing Novo Nordisk’s obesity drug helps save and extend lives, not just lose weight, could propel Europe’s best-performing stock even higher, according to 10 investors and industry analysts interviewed by Reuters. Demand for the Danish company’s weight-loss treatment Wegovy is soaring in the United States, leading it to significantly raise its full-year profit and sales expectations last month. But Novo faces […]

BERLIN (Reuters) – Luxury carmaker Porsche’s return on sales in the first quarter was on par with last year’s at 18.2%, but revenue and operating profit jumped by a quarter after the carmaker’s deliveries hit a record high, the company reported on Wednesday. The carmaker, which reported an 18% rise in deliveries in the first quarter boosted by a large increase in China, reaffirmed its targets for 2023 of hitting […]

By Panu Wongcha-um and Chayut Setboonsarng BANGKOK (Reuters) – One of Thailand’s leading prime ministerial candidates Paetongtarn Shinawatra on Wednesday said she would next week resume campaigning after giving birth a few days ago, and remains confident of a landslide election win. Paetongtarn, 36, the frontrunner in many opinion polls for the May 14 election, made her first public appearance in a month to unveil her second child Prutthasin, nickname […]

FRANKFURT (Reuters) -German police arrested dozens of people across the country on Wednesday in an investigation of the Italian ‘Ndrangheta organised crime group, German public prosecutors and state police said. The ‘Ndrangheta is based in the southern region of Calabria, the toe of Italy’s boot, and has surpassed Cosa Nostra to become the most powerful mafia group in the country – and one of the largest crime networks in the […]

By Parisa Hafezi DUBAI (Reuters) -Wary of re-igniting Iran’s worst political turmoil in years, the country’s rulers are resorting to new, less obtrusive tactics to punish women who refuse to wear the obligatory Islamic hijab. The methods, introduced following nationwide anti-government protests last year, combine use of security cameras with denial of state services to violators, replacing the morality police whose actions were the flashpoint for the months of unrest. […]