Town Hall News

By Sruthi Shankar and Ankika Biswas (Reuters) -U.S. stock indexes were on track for a lower open on Monday on growing concerns that the Federal Reserve will continue to hike interest rates after Friday’s jobs data highlighted a still-strong labor market. Futures tied to the tech-heavy Nasdaq 100 led losses after the long weekend, with growth stocks including Apple Inc, Amazon.com Inc and Microsoft Corp slipping between 0.7% and 1.3% […]

WASHINGTON (Reuters) – World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January forecast of 1.7% but the slowdown from stronger 2022 growth will increase debt distress for developing countries. Malpass told a media briefing that the upward revision was due to an improved outlook for China’s recovery from COVID-19 lockdowns, with growth now […]

By Pavel Polityuk KYIV (Reuters) – Russian forces pressed attacks on frontline cities in eastern Ukraine on Monday, while Ukrainian officials played down a report that Kyiv had had to amend some military plans ahead of a counter-offensive due to a leak of classified U.S. documents. The Russians were pounding Ukrainian positions around besieged Bakhmut in the eastern Donetsk region and other cities and towns with air strikes and artillery […]

WASHINGTON (Reuters) – Russia’s detention of Wall Street Journal reporter Evan Gershkovich is a “brazen act” and violates the vital freedom of the press, including the safety of journalists, World Bank President David Malpass said on Monday. Russian Federal Security Service investigators last week charged Gershkovich with espionage but the Wall Street Journal reporter denied the accusation and said he was working as a journalist, domestic news agencies said on […]

NEW DELHI (Reuters) -Ukraine’s deputy foreign minister on Monday said Kyiv wanted New Delhi to be more involved in helping resolve its conflict with Russia and has sought a visit by Indian Prime Minister Narendra Modi and other top officials. Emine Dzhaparova told broadcaster CNBC TV18 in an interview that Kyiv also expected India to invite Ukrainian officials to participate in G20 events and intensify political dialogue with Kyiv. India […]

By Jorgelina do Rosario WASHINGTON (Reuters) – A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year. Many weaker economies navigated the fallout from the COVID-19 pandemic and the war in Ukraine with financing aid from multilateral and bilateral lenders. But repayments on emerging markets’ high-yield international bonds will total $30 […]

By Ahmed Aboulenein WASHINGTON (Reuters) – A federal judge’s decision last week to suspend the U.S. Food and Drug Administration’s (FDA) approval of abortion pill mifepristone could severely weaken the agency if allowed to stand, health policy and legal experts said. U.S. District Judge Matthew Kacsmaryk’s ruling on Friday, which followed a March 15 hearing, was a preliminary injunction that would essentially ban sales of mifepristone while the case by […]

MILAN (Reuters) -A merchant ship has supplied fuel and water to a boat with around 400 migrants on board which is in distress between Greece and Malta but Maltese authorities have ordered it not to conduct a rescue, German NGO Sea-Watch International said on Monday. The vessel, which departed from Tobruk in Libya amid a sharp rise of migrant boats crossing the Mediterranean from North Africa, was reported to be […]

(Fixes spelling in headline) By Jorgelina do Rosario WASHINGTON (Reuters) -A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year. Many weaker economies navigated the fallout from the COVID-19 pandemic and the war in Ukraine with financing aid from multilateral and bilateral lenders. But repayments on emerging markets’ high-yield international bonds […]