Town Hall News

(Reuters) – Brazilian Vice-President Geraldo Alckmin said on Thursday land grabbers, not farmers, are guilty for deforestation in the Amazon rain forest. Alckmin was speaking at an industry event with other government officials and representatives of the sector, who gathered in Sao Paulo to discuss the sustainability of cattle supply chains. (Reporting by Ana Mano; Editing by Leslie Adler) Brought to you by www.srnnews.com

By Ismail Shakil OTTAWA (Reuters) – Canada’s Senate on Thursday passed the government’s online streaming legislation after a 10-month debate over a law that will force firms like Netflix and Alphabet Inc-owned YouTube to offer more Canadian content. Bill C-11, or the Online Streaming Act, cleared the unelected upper chamber of the Canadian parliament with 52 votes to 16 and one abstention. With the Senate’s approval, the bill just needs […]

By Luc Cohen NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison on Thursday for embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies. Cooper Morgenthau, 36, of Fernandina Beach, Florida, pleaded guilty to one count of wire fraud in January. He was sentenced by U.S. District […]

KHARTOUM (Reuters) -The conflict between Sudan’s army and a paramilitary group called the Rapid Support Forces (RSF) has triggered a rush to extract foreign diplomats and citizens. Several countries have evacuated nationals by air, while some have gone via Port Sudan on the Red Sea, about 800 km (500 miles) by road from Khartoum. This is the status of some countries’ efforts: Egypt Egypt has evacuated a total of 5327 […]

By Laura Sanicola (Reuters) – Marathon Petroleum will pay a $27.5 million penalty and surrender emissions trading credits after the operator of the Martinez, California, plant violated a legal agreement requiring it to lower pollution levels, the U.S. Department of Justice said on Thursday. Tesoro Refining and Marketing failed to limit nitrous oxides emissions (NOx) from its fluid catalytic cracking unit, a pollutant that contributes to smog, as part of […]

By Deena Beasley (Reuters) -Amgen Inc on Thursday reported lower first-quarter profit as expenses rose and a 2% increase in sales of its own drugs was offset by lower revenue from its deal to manufacture COVID-19 antibody treatments for Eli Lilly and Co. Amgen reported revenue of $6.11 billion for the quarter, down 2% from a year earlier, but close to analysts’ estimates of $6.17 billion, according to Refinitiv data. […]

By Chavi Mehta and Jane Lanhee Lee (Reuters) -Executives at chipmaker Intel Corp on Thursday told investors that slumping gross margins will improve in the second half of the year, sending its shares higher despite a near-term profit forecast that missed Wall Street estimates. The PC and data center chipmaker estimated second-quarter earnings below Wall Street forecasts despite its greater sales optimism, a sign that the company is still struggling […]

By Ismail Shakil OTTAWA (Reuters) -Canada conducted its first evacuation operation in Sudan on Thursday, airlifting over 100 hundred people, including Canadians and other nationals, on two flights from the war-torn North African country, senior government officials said. About 180 Canadians were evacuated from the region earlier with the help of other countries, and the federal government had been working to set up its own operation to extract civilians. “I […]

LONDON (Reuters) – London’s police force has failed to learn enough from its failures in a 2016 serial killer case to stop similar crimes happening again, a police watchdog said on Thursday in a damning report. The review of the case of serial killer Stephen Port, who was jailed for life for the murder of four men he met on dating websites between 2014 and 2015, said the force had […]