Town Hall News

(Reuters) -Investment bank Lazard Ltd on Friday reported a surprise loss in the first quarter as global dealmaking sank to its lowest level in more than a decade due to economic uncertainty, exacerbated by a banking crisis last month. The company also warned of an uncertain outlook for the year and said it would eliminate around 10% of its workforce in 2023, which could result in additional costs of around […]

TUNIS (Reuters) – Coastguards have retrieved the bodies of 41 drowned migrants from waters off Tunisia, a senior national guard official told Reuters on Friday. The coastguard has recovered 210 bodies of migrants over the last 10 days, the senior national guard official said. Tunisian morgues are running out of space and authorities are struggling to contain a surge in crossings. (Reporting by Tarek Amara; Writing by Tala Ramadan in […]

By Alex Lawler LONDON (Reuters) – The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a change for an industry that is accustomed to using such programmes to assess supplies. Oil-index publisher S&P Global Platts is adding U.S. WTI Midland crude to its dated Brent oil price assessment for June deliveries, which is […]

TOKYO (Reuters) – Toyota Motor Corp affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday. They said the door trim on the affected vehicles had been modified with a “notch” to minimise the risk in testing that the door interior could break with a sharp edge and […]

(Reuters) – Real Madrid’s Luka Modric has suffered a thigh injury, and the veteran midfielder could be a doubt for their Copa del Rey final against Osasuna on May 6, manager Carlo Ancelotti said on Friday. Modric, 37, played a little over an hour in Real’s 4-2 defeat by Girona over the weekend before he was substituted. Real will be looking to win the Copa del Rey for the 20th […]

TOKYO (Reuters) – Toyota Motor Corp affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars made and sold under the Toyota brand, the companies said on Friday. They said the door trim on the affected vehicles had been modified with a “notch” to minimise the risk in testing that the door interior could break with a sharp edge and cause injury […]

(Reuters) – The U.S. Food and Drug Administration (FDA) has approved Pfizer Inc’s next-generation vaccine to prevent pneumococcal disease in children aged six weeks to 17 years, the company said late on Thursday. The vaccine, Prevnar 20, offers more protection against the disease versus the company’s widely-used Prevnar 13 vaccine, by targeting seven more serotypes of the streptococcus pneumoniae bacteria that causes those infections. The pneumococcal disease can lead to […]

MOSCOW (Reuters) -Russia’s foreign ministry on Friday criticised a nuclear agreement between the United States and South Korea, saying it would destabilise the region and the wider world, and warned of a potential arms race as a result. The United States on Wednesday pledged to give South Korea more insight into its nuclear planning, while Seoul promised not to seek nuclear weapons itself in an agreement both sides said was […]

(Reuters) -Lazard Ltd on Friday reported a loss in the first quarter as sluggish dealmaking due to economic uncertainty, exacerbated by the banking crisis last month, eroded the investment bank’s fees. The company also said it would eliminate around 10% of its workforce over the year. Its cost-saving measures resulted in a $21 million charge in the first quarter. It expects additional costs of around $95 million. Major Wall Street […]