Town Hall News

By Terje Solsvik OSLO (Reuters) – AB Volvo reported record first-quarter profit, a preliminary filing showed, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost inflation, sending its shares up 9.6% in early trade on Wednesday. Its adjusted operating profit rose 45% to 18.4 billion Swedish crowns ($1.76 billion) for the January-March quarter, well above the 12.9 billion expected by analysts polled by Refinitiv Eikon. […]

By Djaffar Al Katanty KIHISI, Democratic Republic Of Congo (Reuters) – Thomas Tumusifu Buregeya wishes he were studying for his final school exams. Instead, he scrapes a living doing odd jobs in a displaced people’s camp in eastern Democratic Republic of Congo after a wave of rebel violence upended his life yet again. Buregeya fled the town of Kibumba with his family in October amid a renewed offensive by the […]

By Djaffar Al Katanty KIHISI, Democratic Republic Of Congo (Reuters) – Thomas Tumusifu Buregeya wishes he were studying for his final school exams. Instead, he scrapes a living doing odd jobs in a displaced people’s camp in eastern Democratic Republic of Congo after a wave of rebel violence upended his life yet again. Buregeya fled the town of Kibumba with his family in October amid a renewed offensive by the […]

(Reuters) – China is planning to close the airspace north of Taiwan from April 16 to 18, four sources with knowledge of the matter said, a move that could disrupt flights around the region. China and Taiwan’s foreign ministries did not immediately respond to requests for comment. Four officials outside China, speaking to Reuters on condition of anonymity due to the sensitivity of the matter, said the ban would disrupt […]

By Sandra Stojanovic and Omar Younis NASHVILLE, Tennessee (Reuters) -Tennessee Democrats on Tuesday will press for the reinstatement of a second state representatives who was expelled for leading a gun policy protest on the floor of the statehouse, after the first was reinstated on Monday. Justin Jones pumped his fist and declared “power to the people” as he returned to the state House of Representatives on Monday after being restored […]

GENEVA (Reuters) – The United States has become the first major fishing nation to ratify a deal to cut subsidies contributing to overfishing, the World Trade Organization chief said on Wednesday. The trade watchdog’s 164 members reached the deal, which aims to cut billions of dollars in harmful subsidies that are emptying the ocean of marine life, last year. But it needs two-thirds of the members to sign on to […]

OSLO (Reuters) -AB Volvo reported record first-quarter profit, a preliminary filing showed late on Tuesday, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost inflation. Its adjusted operating profit rose 45% to 18.4 billion Swedish crowns ($1.76 billion) for the January-March quarter, well above the 12.9 billion expected by analysts polled by Refinitiv Eikon. The Swedish company had said as recently as January it expected […]

By John Irish and Jan Lopatka PARIS (Reuters) -French officials were in damage control mode on Tuesday as they tried to contain anger, division and confusion sparked by President Emmanuel Macron’s comments on Europe’s dependence on the United States and its relations with China and Taiwan. Macron’s comments came in an interview on a trip to China that was meant to showcase European unity on China policy, with European Commission […]

By David Shepardson WASHINGTON (Reuters) -A major U.S. transport union on Tuesday opposed a request by Alphabet Inc’s self-driving unit Waymo and autonomous driving technology company Aurora Innovation Inc for an exemption from rules on warning devices for large semi-trucks, citing safety issues. The Federal Motor Carrier Safety Administration (FMCSA) said last month it received a joint application from Waymo and Aurora seeking a five-year exemption from rules that require […]