Town Hall News

By Guy Faulconbridge and Andrew Osborn MOSCOW (Reuters) -A Moscow court on Tuesday rejected an appeal from U.S. journalist Evan Gershkovich to be freed from pre-trial detention, meaning he will stay in a former KGB prison until at least May 29 while a spying case against him is investigated. Gershkovich, a reporter for the Wall Street Journal, denies the espionage charges. He looked calm and smiled as he stood in […]

(Reuters) – Public broadcaster Canadian Broadcasting Corporation (CBC) on Tuesday pushed back against Twitter’s move to label it “69% government funded media,” saying it had complete editorial independence. The Elon Musk-owned social media platform had on Sunday stamped CBC with a label that said it was government-funded media, after placing similar notices for U.S. broadcasters NPR and PBS. “Canadian Broadcasting Corp said they’re ‘less than 70% government-funded’, so we corrected […]

(Reuters) -Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act. Hyundai Auto Canada failed to send out notices of safety defect within the prescribed time period of 60 days, the statement said, and the company will pay a fine of $360,000. “It is alarming that Hyundai failed to notify vehicle owners of a recall […]

By Cecile Mantovani ZURICH (Reuters) – The skeleton of a giant Tyrannosaurus Rex, a creature that roamed the Earth 67 million years ago, sold for 5.5 million Swiss francs ($6.13 million), less than expected, in Zurich on Tuesday. Measuring 3.9 metres (12.8 feet) high and 11.6 metres (38.1 feet) long, TRX-293 TRINITY is a composite skeleton of 293 bones from three different T-Rexs found between 2008 and 2023 in the […]

By Richard Cowan WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives on Tuesday held a “robust” discussion over Speaker Kevin McCarthy’s plans for raising the federal debt limit and cutting future government spending, amid signs of discontent ranging from far-right to more moderate wings of the party. On Monday, McCarthy outlined a plan for extending the government’s borrowing authority through sometime next year. He said it would have […]

WASHINGTON (Reuters) – White House economist Jared Bernstein said the Biden administration is closely tracking developments in commercial real estate after recent strains in the banking sector, given that many smaller and mid-sized banks have “non-trivial” holdings in commercial real estate. Bernstein told the Senate Committee on Banking, Housing and Urban Affairs that occupancy rates in commercial real estate were well below pre-COVID levels and delinquincies had risen a bit […]

WASHINGTON (Reuters) – Health and Human Services Secretary Xavier Becerra violated the Hatch Act by expressing support for Democratic Senator Alex Padilla’s re-election at a public event last year, a U.S. government watchdog said on Tuesday. The U.S. Office of Special Counsel report cited Becerra’s comments that he intended to vote for Padilla while speaking at a Congressional Hispanic Caucus dinner in September in his official capacity as having “mixed […]

(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on Tuesday. While a digital dollar could make sense for interbank transactions, there could be unintended consequences like disruptions to the banking system if the Fed were to design a central bank digital currency that would be directly available […]

By Valerie Insinna and Nathan Gomes WASHINGTON (Reuters) -Boeing Co still plans to ramp up production of its best-selling 737 MAX passenger jet this summer, despite a recent manufacturing problem that has paused some deliveries, the planemaker’s CEO Dave Calhoun said on Tuesday. Last week, Boeing indicated that near-term deliveries of the 737 MAX will slow as the company grapples with a new manufacturing problem involving fuselages built by Spirit […]