Town Hall News

SEVASTOPOL, Crimea (Reuters) -Russia repelled an attack by naval drones on its Black Sea fleet stationed in the Crimean port of Sevastopol in the early hours of Monday, Russia’s defence ministry said. Sevastopol, which is on the Crimean peninsula that Russia annexed from Ukraine in 2014, has come under repeated air attack since Russia sent troops into Ukraine last February. Russian officials have blamed the attacks on Ukraine. “At about […]

By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co on Monday topped estimates for first-quarter revenue and profit on resilient demand for its sodas and multiple price increases by the beverages maker to combat higher commodity and shipping costs. Average selling prices increased 11%, the maker of Fanta and Sprite said, while global unit case volumes rose 3%. The company’s shares were up about 2% in premarket trading. Coca-Cola said in February […]

(Reuters) – Former UN Secretary General Ban Ki-moon met Myanmar’s military ruler on Monday, media reported, part of a trip aimed at promoting peace in a country racked by conflict since a coup two years ago. Myanmar has been in crisis since the military ousted Aung San Suu Kyi’s elected government in February 2021, with the generals struggling to consolidate power and fighting on multiple fronts against ethnic minority rebels […]

(Reuters) -Amphastar Pharmaceuticals will buy Baqsimi from Eli Lilly and Co in a deal worth up to $1.08 billion as it aims to boost its portfolio of low blood sugar drugs, the two companies said on Monday. Amphastar will pay $500 million at closing and another $125 million in cash after one year under the deal. Eli Lilly is also eligible to receive milestone payments of up to $450 million […]

By Gabriela Baczynska and John Irish BRUSSELS/PARIS (Reuters) – Italy offered Tunisia a prospect of money in exchange for economic and political reforms as European Union foreign ministers discussed on Monday how to respond to growing instability in a country that is a gateway for African migration to Europe. With the number of people crossing the Mediterranean in smugglers’ boats on the rise, Italy’s conservative government has urged Brussels to […]

By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to launch the vast turbines and tow them […]

By Sruthi Shankar and Ankika Biswas (Reuters) -Wall Street futures slipped on Monday ahead of a busy week for earnings, with investors also awaiting key economic data that could shed light on the U.S. economy and shape the Federal Reserve’s monetary policy. Heavyweights including Alphabet Inc, Microsoft Corp, Amazon.com Inc and Meta Platforms Inc, whose shares have supported markets this year, are scheduled to report results this week. “Not only […]

(Reuters) -Drug developer Foghorn Therapeutics Inc said on Monday it has paused enrollment in an early-stage study of the company’s experimental drug for a rare form of cancer due to safety concerns. The company said the U.S. Food and Drug Administration has also placed the study on partial hold in the United States, while allowing patients currently enrolled and benefiting from therapy to continue dosage of the drug, FHD-609. One […]

(Reuters) – Finland’s Foreign Minister Pekka Haavisto said there was a risk that Russia’s Wagner group could benefit from the crisis in Sudan and the European Union should do more to try to resolve it. CHINA REASSERTS SOVEREIGNTY PRINCIPLE * China respects the status of former Soviet member states as sovereign nations, its foreign ministry said on Monday, after comments by its envoy to Paris triggered an uproar among European […]