Town Hall News

By Anna Mackenzie (Reuters) -German online takeaway food company Delivery Hero on Thursday forecast single-digit percentage growth in 2023 gross merchandise value (GMV) against a challenging comparison period after parts of Asia reopened from lockdowns. The Berlin-based company expects its GMV to grow between 5% and 7% in constant currency terms this year, citing a “promising start” to the second quarter. It expects the growth to accelerate throughout the year. […]

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The turmoil caused investors to panic and […]

BUDAPEST (Reuters) -After talks with the European Commission, Hungary’s government will submit a key judicial reform bill to parliament as part of its efforts to unlock suspended EU funds, Justice Minister Judit Varga said on her official Facebook page on Thursday. “We have the green light from Brussels (to the judicial bill),” Varga said, adding that based on notification from the European Commissioner for Justice, Didier Reynders, the government would […]

MOSCOW (Reuters) – A Russian court on Thursday fined the WikiMedia Foundation, which owns Wikipedia, two million roubles ($24,510) for not deleting what it said was “banned content” related to the Russian military, Interfax reported. ($1 = 81.6000 roubles) (Reporting by Reuters) Brought to you by www.srnnews.com

By Tom Sims and Marta Orosz FRANKFURT (Reuters) -Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The turmoil caused investors to panic and customers […]

LONDON (Reuters) – The boss of Britain’s antitrust regulator said blocking Microsoft’s acquisition of ‘Call of Duty’ maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry. The Competition and Markets Authority (CMA) blocked the deal on Wednesday, saying it could hit competition in the nascent cloud gaming market. Microsoft’s president Brad Smith said the decision […]

JERUSALEM (Reuters) – Potential U.S. presidential candidate Ron DeSantis on Thursday hailed Israel as “one of the most valued and trusted” allies of his country as he visited Jerusalem during a foreign tour designed to burnish his prospects as a statesman. DeSantis noted his opposition, as Florida governor, to pro-Palestinian campaigns to isolate Israel, his support for U.S. recognition of Jerusalem as Israel’s capital and a 2019 solidarity trip he […]

By Natalie Grover and Maggie Fick LONDON (Reuters) – AstraZeneca on Thursday beat expectations for first-quarter profit and revenue, as buoyant sales of cancer drug Imfinzi and strong demand for its roster of drugs in emerging markets helped to offset dwindling COVID product sales. The company’s sales and outlook highlight the rapid decline of its COVID vaccine, its best-selling product in 2021 at the height of the pandemic, which has […]

By Paul Sandle LONDON (Reuters) – For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain’s surprise decision to block Microsoft’s record Activision Blizzard takeover. Microsoft has been working for months to satisfy concerns about the $69 billion deal raised by Britain’s Competition and Markets Authority (CMA), which has been increasing proactive in taking on “Big Tech” since Brexit. The ruling – […]