Town Hall News

By Manya Saini and Niket Nishant (Reuters) -Iconic activist investor Carl Icahn was on Tuesday hit with a challenge of his own from a prominent short-seller, who alleged the billionaire’s conglomerate is substantially overvalued, sending shares of a company owned by him plunging. Icahn Enterprises shares slumped 20% to a three-year low in their busiest day ever after Hindenburg Research said it was shorting the stock, charging the company was […]

(Fixes typo in paragraph 17) By Maggie Michael ARQEEN, Egypt (Reuters) -Eight months pregnant, Malaz Omar left behind everything to flee with her husband, two toddlers and an elderly aunt from the fighting that has swept across Sudan’s capital for more than two weeks. By the time the 34-year-old arrived in Egypt she hadn’t eaten or showered for four days, passing through the Qustul border crossing where people slept on […]

(Reuters) – Ukraine’s military vowed not to give up the eastern city of Bakhmut as it prepares to launch a counteroffensive against occupying Russian forces. FIGHTING * The Kremlin rejected as “plucked from thin air” a U.S. assessment of 100,000 Russian military casualties in Ukraine in the last five months, including more than 20,000 deaths. * Russian Defence Minister Sergei Shoigu said weapons production and arms supply to the front […]

By Anthony Boadle BRASILIA (Reuters) -The Brazilian government objected on Tuesday to Google LLC campaigning against an internet regulation bill to crack down on fake news and ordered the U.S. company to change a link on its search engine in Brazil. The proposed law to penalize firms for not reporting fake news was due to be voted on in the lower house of Congress later on Tuesday but its fate […]

WASHINGTON (Reuters) – U.S. President Joe Biden is gearing up for his first fundraising events as soon as next week to help kick off his 2024 re-election campaign, according to people briefed on the plans. Some of the events being planned for Biden include a reception and dinner that could take place in New York City on May 10. (Reporting by Trevor Hunnicutt; Editing by Chris Reese) Brought to you […]

By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy proceedings on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the fierce competition in a sector dominated by IndiGo and the recent merger of Air […]

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labor market that could aid the Federal Reserve’s fight against inflation. Still, the labor market remains tight, with the monthly Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday showing […]

CHISINAU (Reuters) – Moldovan former Prime Minister Iurie Leanca has been charged with abuse of power over a concession that gave control of the country’s main airport to a businessman now in exile, a senior prosecutor said on Tuesday. Veronica Dragalin, head of Moldova’s anti-corruption prosecution office, said a former economy minister and six other former officials also faced similar charges in a criminal case which she said had been […]

By Andrew Chung and John Kruzel WASHINGTON (Reuters) -A Democratic-led Senate panel intends to pursue legislation setting ethical standards for U.S. Supreme Court justices amid revelations about luxury trips and real estate transactions involving members of the nation’s top judicial body, the panel’s chairman said on Tuesday. “The highest court in the land should not have the lowest ethical standards,” Senator Dick Durbin said at the start of a Judiciary […]