Town Hall News

LONDON (Reuters) – British Deputy Prime Minister Dominic Raab resigned on Friday following an independent investigation into allegations that he bullied colleagues. WHAT DOES THE BULLYING INVESTIGATION REPORT SAY? A 48-page report by lawyer Adam Tolley lays out the findings into more than a dozen complaints about Raab’s behaviour. Tolley’s conclusions focus on three sets of complaints against Raab and finds that in two of those Raab did act in […]

By Alan Baldwin LONDON (Reuters) – James Allison has returned to his former role of technical director at Mercedes in a job swap with Mike Elliott as the once-dominant team reorganise after a slow start to the Formula One season. Elliott took over from Allison in July 2021, when the latter shifted to a broader but part-time role as chief technical officer (CTO). “Mike has led a review of our […]

By Aditya Kalra NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp’s petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi’s assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances to foreign entities by passing them off as royalty payments. “We are studying […]

By Rowena Edwards LONDON (Reuters) -Oil prices were on track for a hefty weekly loss as economic and interest rate uncertainty weighed, though prices were stable on Friday as the euro zone recovery gathered pace unexpectedly. Brent futures for June delivery rose 11 cents, or 0.14%, to $81.21 a barrel by 1148 GMT. West Texas Intermediate crude (WTI) for June delivery was up 13 cents, or 0.17%, at $77.50. Both […]

By Aditya Kalra NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp’s petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi’s assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances to foreign entities by passing them off as royalty payments. “We are studying […]

(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19. Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million net purchase the previous week. Fund flows: Global equities, bonds and money markets, https://www.reuters.com/graphics/GLOBAL-FLOWS/GLOBAL-FLOWS/gdpzqmloqvw/chart.png U.S. […]

BENGHAZI, Libya (Reuters) – Libyans are celebrating Islam’s Eid al-Fitr holiday – and ending their month-long Ramadan fast – on different days this year because of bitter political splits that persist despite years of peace efforts. Religious authorities in east Libya, aligned with the parliament which is based there, said they had sighted the crescent moon on Thursday, making it the last day of fasting and setting Friday as Eid. […]

By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while a surprising recovery in the euro zone economy in April underpinned the euro. The dollar index, which measures the performance of the U.S. currency against six others, rose 0.1% on the day and headed for […]

PARIS (Reuters) – The night session at the French Open will be brought forward by half an hour this year, tournament director Amelie Mauresmo said on Friday. “It will start at 2000 (local time) with an interactive show and the first point will be played at 2030,” she told a news conference. Last year, players entered the Court Philippe Chatrier to warm up at 2045 (1845GMT), and the scheduling drew […]