Town Hall News

(Reuters) -Advocacy groups are suing the U.S. Federal Emergency Management Agency (FEMA), saying it is incorrectly ignoring renewable energy sources while using billions of dollars in congressional funding to rebuild Puerto Rico’s power grid. The Center for Biological Diversity and nine Puerto Rican community groups say FEMA is making Puerto Rico less resilient to storms and more likely to experience widespread power outages by restoring its older fossil fuel-powered systems […]

(Reuters) – Inflation may be falling but it is yet to do so at a rate commensurate with inflation falling back to the Fed’s 2% goal, Richmond Fed President Thomas Barkin said on Wednesday. “I’m waiting for inflation to crack…It’s moving in the right direction…but in the absence of a month or two months or three months with inflation at our target it’s hard to make the case that we’re […]

LONDON (Reuters) – Prince Harry will attend the Coronation next month of Britain’s King Charles, a spokesperson for Buckingham Palace said on Wednesday. Harry’s wife Meghan will remain in California with their children, the spokesperson added. (Reporting by Michael Holden, writing by Sachin Ravikumar; Editing by Kate Holton) Brought to you by www.srnnews.com

(Reuters) -Russia on Wednesday imposed sanctions on 333 Canadian officials and public figures, including prominent Olympians, in what it said was a tit-for-tat response to Canadian restrictions on Moscow and support for Ukraine. Russia has routinely placed sanctions on Western officials and high-profile individuals – effectively a permanent ban on them entering Russia – since the West targeted hundreds of Russian individuals and companies over the invasion of Ukraine. The […]

By Jarrett Renshaw and Ahmed Aboulenein (Reuters) -The Biden administration on Wednesday proposed new privacy protections to prevent women’s health information from being used to investigate or sue people who obtain or facilitate abortions, senior administration officials said. The proposal by the U.S. Department of Health and Human Services is aimed at protecting women living in states where abortion is illegal who travel out of state to have the procedure […]

By Ann Saphir (Reuters) -The Federal Reserve is likely to raise its policy rate once more in May to a range of 5.00%-5.25%, according to interest rate futures, even after a government report on Wednesday showed March consumer prices notched their smallest gain in almost two years. U.S. short-term interest rate futures rose after the report, and now reflect about a 68% chance of a quarter-of-a-percentage-point rate hike in May, […]

(Corrects to show inflation report released Wednesday) (Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Wednesday were less sure the U.S. central bank will raise its benchmark rate any further after the government reported March consumer prices rose less than expected. U.S. short-term interest rate futures rose after the report, and now reflect about a 60% chance of a quarter-of-a-percentage-point rate hike in May, versus […]

NAIROBI (Reuters) – Businesses reopened and traffic was back in urban centres of Ethiopia’s Amhara region on Wednesday after six days of violent protests over a planned shakeup of local forces, residents said. At least five people have died in the demonstrations which are a fresh security challenge to Prime Minister Abiy Ahmed’s government following a two-year war in neighbouring Tigray region which ended with a truce last November. Protesters […]

By Steve Scherer and David Ljunggren OTTAWA, April 12 (Reuters) – The Bank of Canada on Wednesday left its key overnight interest rate on hold at 4.50% as expected and raised its growth forecast for this year, while dropping language that had warned of a possible recession. Last month the Bank of Canada (BoC) became the world’s first major central bank to pause its tightening campaign. Governor Tiff Macklem said […]