Town Hall News

By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s heavily trade-reliant economy barely averted a recession posting slim growth in the first quarter, but the outlook remained clouded by weak exports due to a cooling global economy, even with China’s reopening. South Korea’s gross domestic product (GDP) in the first quarter expanded by 0.3% over the previous three-month period, official advance estimates showed on Tuesday, compared with a median […]

WASHINGTON (Reuters) – The U.S. Space Force said on Monday that Elon Musk’s SpaceX was granted approval to lease a second rocket launch complex at a military base in California, setting the space company up for its fifth launch site in the United States. (Reporting by Joey Roulette; Editing by Christian Schmollinger) Brought to you by www.srnnews.com

By Jibran Ahmad PESHAWAR, Pakistan (Reuters) -Two explosions in a counter-terrorism ammunition depot in northwest Pakistan killed at least 13 people and wounded over 50 on Monday, police said. Provincial police chief Akhtar Hayat said the explosions rocked the counter-terrorism office in northwestern Swat valley, which was previously long controlled by Islamist militants before they were flushed out in a military operation in 2009. His spokesman said in a statement […]

By Stephanie Kelly (Reuters) – Oil prices slipped in early trade on Tuesday, paring gains from the previous session, as investors weighed strong holiday travel in China that could boost fuel demand with the prospect of rising interest rates elsewhere slowing economic growth. Brent crude fell 7 cents to $82.66 a barrel at 0013 GMT, while U.S. West Texas Intermediate crude eased 6 cents to $78.70 a barrel. Oil futures […]

By Hannah Lang (Reuters) – Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency exchange’s tensions with the securities regulator. Coinbase filed a petition for rulemaking with the SEC last year in which it urged the regulator to provide […]

By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s heavily trade-reliant economy barely averted a recession posting slim growth in the first quarter, but the outlook remained clouded by weak exports due to a cooling global economy, even with China’s reopening. South Korea’s gross domestic product (GDP) in the first quarter expanded by 0.3% over the previous three-month period, official advance estimates showed on Tuesday, compared with a median […]

ROME (Reuters) – Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on Monday. State-controlled ITA officially replaced the money-losing Alitalia airline in 2021. The source, speaking on condition of anonymity, said Treasury granted Lufthansa’s request for extra time for the talks. The source […]

TOKYO (Reuters) – Japan raised its official assessment of imports for first time in nine months, the government’s monthly economic report showed on Tuesday, as the yen’s double-digit depreciation from a year earlier puffed up the value of imported goods. While the report maintained the overview of the economy that it was on a moderate recovery, it recognised rising bankruptcies and maintained a warning against global financial volatility it added […]

By Foo Yun Chee BRUSSELS (Reuters) – The European Commission has tweaked draft patent rules to make it easier for patent holders to sue companies over royalty disputes following criticism that an earlier draft favoured users while restricting patent owners from seeking injunctions. The EU executive, which will announce the draft rules on Wednesday, is hoping the move will end costly legal spats over patents essential to key technologies for […]