Town Hall News

By Dan Peleschuk and Ethan Wang KYIV/BEIJING (Reuters) -Chinese President Xi Jinping spoke to Ukraine’s Volodymyr Zelenskiy by telephone on Wednesday for the first time since Russia’s invasion of Ukraine, fulfilling a longstanding goal of Kyiv which had publicly sought such talks for months. Zelenskiy immediately signalled the importance of the chance to open closer relations with Russia’s most powerful friend, naming a former cabinet minister as Ukraine’s new ambassador […]

By Huw Jones LONDON (Reuters) – U.S. clean technology subsidies are sucking capital from Europe, making it more urgent to improve London as a global financial centre, business bosses told UK lawmakers on Wednesday. The Inflation Reduction Act (IRA), which offers $369 billion of tax credits, research loans and grants for clean technology investments in the United States, is making it harder to persuade companies to list in London, they […]

By Luc Cohen NEW YORK (Reuters) -Decorated U.S. Air Force veteran Brian Kolfage, an ex-associate of Donald Trump’s former adviser Steve Bannon, was sentenced on Wednesday to more than four years in prison after admitting to conspiring to defraud donors to a campaign to build a wall along the U.S.-Mexican border promised by the former president. Kolfage, 41, pleaded guilty last year to misappropriating funds meant for the “We Build […]

By Huw Jones LONDON (Reuters) – U.S. clean technology subsidies are sucking capital from Europe, making it more urgent to improve London as a global financial centre, business bosses told UK lawmakers on Wednesday. The Inflation Reduction Act (IRA), which offers $369 billion of tax credits, research loans and grants for clean technology investments in the United States, is making it harder to persuade companies to list in London, they […]

By Alan Baldwin (Reuters) – AlphaTauri’s Franz Tost, Formula One’s second longest serving team principal, will step down at the end of the 2023 season and be replaced by Ferrari sporting director Laurent Mekies. Red Bull-owned AlphaTauri announced the change in a statement on Wednesday ahead of the Azerbaijan Grand Prix in Baku, saying it was aimed at ensuring continuity and securing long-term stability. Austrian Peter Bayer, who was previously […]

By Alan Baldwin (Reuters) -AlphaTauri’s Franz Tost, Formula One’s second longest serving team principal, will step down at the end of the 2023 season and be replaced by Ferrari sporting director Laurent Mekies. Red Bull-owned AlphaTauri announced the change in a statement on Wednesday ahead of the Azerbaijan Grand Prix in Baku, saying it was aimed at ensuring continuity and securing long-term stability. Austrian Peter Bayer, who was previously F1 […]

By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -The writer suing Donald Trump for allegedly raping her nearly 30 years ago told jurors at a civil trial on Wednesday that the former U.S. president sexually assaulted her and defamed her by lying about it. “I’m here because Donald Trump raped me, and when I wrote about it, he lied and said it didn’t happen,” E. Jean Carroll said in […]

By Huw Jones LONDON (Reuters) – U.S. clean technology subsidies are sucking capital from Europe, making it more urgent to improve London as a global financial centre, business bosses told UK lawmakers on Wednesday. The Inflation Reduction Act (IRA), which offers $369 billion of tax credits, research loans and grants for clean technology investments in the United States, is making it harder to persuade companies to list in London, they […]

By Valerie Insinna and Abhijith Ganapavaram (Reuters) – Boeing Co said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end and keep its annual cash-flow goal, offering some relief to investors after a new manufacturing snafu threatened to derail deliveries. Boeing shares rose 2.5% in early afternoon trade after the company reaffirmed its plans to generate $3 billion to […]