Town Hall News

SHANGHAI/BERLIN (Reuters) -German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the country that will define whether they maintain their market dominance in the electric age both at home and abroad. Their heavy presence – with the entire board of Volkswagen AG and more than 100 VW employees attending, in contrast to Japanese or French automakers […]

(Reuters) -Richard Branson’s Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday. Earlier this month, Virgin Orbit filed for Chapter 11 bankruptcy protection after the satellite launch company struggled to secure long-term funding following a failed launch in January. On Wednesday, the company proposed […]

(Reuters) – Virgin Orbit Holdings and its subsidiaries in the United States filed its Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday. Earlier this month, Virgin Orbit Holdings Inc filed for Chapter 11 bankruptcy protection after the satellite launching business struggled to secure long-term funding following a failed launch in January. (Reporting by Jahnavi Nidumolu in […]

By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s ambitious plan to get its companies listed in London and Zurich stock markets needs fine-tuning, analysts say, as the sparse liquidity in traded Chinese companies there has created market arbitrage opportunities for investors. The Shanghai-London Stock Connect has seen only five Chinese companies issue Global Depository Receipts (GDRs) in London in its four years of operation, and another 13 are […]

(Reuters) – Olympic champion Belinda Bencic will skip upcoming claycourt tournaments in Madrid and Rome due to “discomfort” in her hip but said she hopes to be fully fit for the French Open. Bencic said she was hampered by the issue during the WTA Tour’s U.S. swing, which included her run to the Charleston Open final where she lost to Ons Jabeur in straight sets. “I have some discomfort on […]

(Reuters) – Virgin Orbit Holdings and its subsidiaries in the United States filed its Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday. Earlier this month, Virgin Orbit Holdings Inc filed for Chapter 11 bankruptcy protection after the satellite launching business struggled to secure long-term funding following a failed launch in January. (Reporting by Jahnavi Nidumolu in […]

(Reuters) – The United States will continue to coordinate closely with South Korea on more support for Ukraine, calling its key Asian ally “a stalwart partner” in defending Ukraine’s sovereignty, a U.S. State Department spokesperson said. In an exclusive interview with Reuters, South Korean President Yoon Suk Yeol said the country might go beyond humanitarian or financial aid for Ukraine under certain circumstances, signalling a shift in his stance against […]

ADEN (Reuters) – At least 78 people were killed in a stampede in the Yemeni capital Sanaa as hundreds gathered in a school to receive aid, witnesses and Houthi media said on Thursday. Several people were injured including 13 who were in critical conditions, Al Masirah TV television news outlet run by the Iran-aligned Houthi movement reported, citing the director of health in Sanaa. The stampede took place during the […]

By Laurie Chen BEIJING (Reuters) – At least two Chinese women who joined historic “white paper” demonstrations in Beijing calling for an end to COVID-19 curbs were released on Wednesday after almost four months in detention, two of their friends told Reuters. The protests, unprecedented in President Xi Jinping’s decade in power, began in late November in cities across China. They were suppressed by police within days but helped hasten […]