Town Hall News

(Reuters) – Shares of First Republic Bank plunged to a record low on Friday, losing nearly half of their value after a CNBC report said the troubled lender was most likely headed for receivership under the U.S. Federal Deposit Insurance Corporation (FDIC). The stock fell as much as 46% to $3.33, giving it a market capitalization of $620 million. Trading in the bank’s shares was halted multiple times. A Reuters […]

By Sarah Young LONDON (Reuters) -BBC Chairman Richard Sharp resigned on Friday after an independent report found he breached rules by not disclosing a potential conflict of interest in his role in securing a $1 million loan for the then-prime minister, Boris Johnson. His exit amid a cronyism row comes at a time of heightened political scrutiny of the publicly-funded British broadcaster’s impartiality. A row with high profile presenter Gary […]

By Khalid Abdelaziz KHARTOUM (Reuters) – Strikes by air, tanks and artillery shook Sudan’s capital Khartoum and the adjacent city of Bahri on Friday, witnesses said, mocking a 72-hour truce extension announced by the army and a rival paramilitary force. Hundreds have been killed and tens of thousands have fled for their lives in a power struggle between the army and Rapid Support Forces (RSF) that erupted on April 15 […]

By Sergiy Karazy and Dan Peleschuk UMAN, Ukraine/KYIV (Reuters) -Kyiv said on Friday it was nearly ready to launch a huge ground assault to retake occupied land, after Russia hurled missiles at cities as people slept overnight, killing at least 21 civilians in its first large-scale air strikes in nearly two months. The war is coming to a crucial juncture after a months-long Russian winter offensive that gained little ground […]

By Luc Cohen NEW YORK (Reuters) – U.S. charges last week against two people for allegedly running a Chinese “secret police station” in New York marked the latest case in a broad ramp-up in the use of a century-old law meant to curb the activity of foreign agents. The law, Section 951, was passed as part of the 1917 Espionage Act – enacted partly to combat resistance to the World […]

By Luc Cohen NEW YORK (Reuters) – U.S. charges last week against two people for allegedly running a Chinese “secret police station” in New York marked the latest case in a broad ramp-up in the use of a century-old law meant to curb the activity of foreign agents. The law, Section 951, was passed as part of the 1917 Espionage Act – enacted partly to combat resistance to the World […]

By Nichola Groom and Katharine Jackson (Reuters) -The U.S. House of Representatives on Friday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations, a move solar project builders say would stall clean energy development. The resolution passed in a 221-202 vote. It will now be sent to the Democratic-controlled Senate for consideration, where its fate is uncertain. The White House has warned […]

By Summer Zhen, Carolina Mandl and Nell Mackenzie HONG KONG/LONDON (Reuters) – Five hedge funds interviewed by Reuters this week each gave details of a trading idea they think could result in a profit from the most significant turmoil to have roiled the banking sector since the 2008 financial crisis. The hedge funds said they can share ideas, but cannot reveal their trading positions for regulatory reasons. 1/ MAN GLG […]

COPENHAGEN (Reuters) – Denmark’s largest private health insurer Sygeforsikring Danmark, which insures roughly half the country’s population, will stop reimbursing weight loss medication from January next year due to high demand, it said on Friday. The growing popularity of costly new weight-loss drugs has prompted insurers and health authorities to reconsider whether they can subsidise anti-obesity medications, particularly since lifetime use might be required to keep lost weight off. Since […]