Town Hall News

SEOUL (Reuters) – Samsung Electronics Co Ltd reported a 95% plunge in first quarter profit on Thursday, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. The world’s top maker of memory chips and smartphones as of 2022 said operating profit fell to 640 billion won ($478.55 million) for the January-March quarter, from 14.12 trillion won a year earlier. ($1 = 1,337.3800 won) […]

By Maggie Fick LONDON (Reuters) – Brussels on Wednesday published a long-awaited draft of its proposed overhaul of laws governing the European Union’s pharmaceuticals industry, setting up a tussle with drugmakers which warn they will invest and innovate elsewhere. The biggest overhaul of existing medical laws in two decades is aimed at ensuring all Europeans have access to both innovative new treatments and generic drugs, and ending huge divergences in […]

By Tom Hals WILMINGTON, Delaware (Reuters) – When attorneys for Florida Governor Ron DeSantis appear in court to defend against Walt Disney Co’s lawsuit that accuses the Republican official of weaponizing state government, they will see a familiar face, if not always a welcome one. U.S. District Judge Mark Walker in Tallahassee has struck down several laws that defined DeSantis’ conservative political agenda, including statutes that sought to limit the […]

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Justice Department on Wednesday filed a complaint challenging a new Tennessee law that bans doctors from providing gender-affirming medical treatment such as puberty blockers, hormone therapy and surgery to transgender minors. The Justice Department said the law violated the U.S. Constitution’s Fourteenth Amendment, which promises equal protection. The Justice Department also said it was asking the court to issue an immediate order […]

By Maggie Fick LONDON (Reuters) -Brussels on Wednesday published a long-awaited draft of its proposed overhaul of laws governing the European Union’s pharmaceuticals industry, setting up a tussle with drugmakers which warn they will invest and innovate elsewhere. The biggest overhaul of existing medical laws in two decades is aimed at ensuring all Europeans have access to both innovative new treatments and generic drugs, and ending huge divergences in access […]

MANCHESTER (Reuters) – A Kevin De Bruyne-inspired Manchester City struck a hammer blow in the Premier League title race as they outclassed leaders Arsenal 4-1 with an electrifying display in a seismic clash of the top two at the Etihad Stadium on Wednesday. Pep Guardiola’s relentless side ran riot as they made it 12 successive league wins against Arsenal with a masterful De Bruyne scoring twice and Erling Haaland also […]

By Yuvraj Malik (Reuters) -EBay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches. A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales at a time when consumer spending has moderated due to high inflation. “There remains a […]

By Anthony Boadle BRASILIA (Reuters) -Brazil’s Congress on Wednesday opened an inquiry into the Jan. 8 storming of key government buildings in the capital by violent demonstrators who denied the electoral victory of the recently inaugurated President Luiz Inacio Lula da Silva. In a joint session of its two chambers, the parties began selecting the 16 senators and 16 representatives who will sit on the committee, with opposition parties and […]

By Trevor Hunnicutt, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -The United States on Wednesday pledged to give South Korea more insight into its nuclear planning over any conflict with North Korea amid anxiety over Pyongyang’s growing arsenal of missiles and bombs. The announcement, which included a renewed pledge by Seoul not to pursue a nuclear bomb of its own, emerged from White House talks between U.S. President Joe Biden […]