Town Hall News

TAOYUAN, Taiwan (Reuters) – Tension with China has escalated under Taiwan’s government and the island will in future have to choose between “peace and war”, former Taiwan President Ma Ying-jeou said on Friday at the end of a landmark visit to China. Ma is the first former Taiwanese president to ever visit China. Since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war […]

By Daniel Leussink and Maki Shiraki TOKYO (Reuters) -Toyota Motor Corp will introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals. The world’s largest automaker by sales will also set up a new, specialised unit to focus on next-generation battery EVs, senior executives said at a briefing on […]

By Pavel Polityuk KYIV (Reuters) -Russian forces have very likely seized the centre of the fiercely contested city of Bakhmut in eastern Ukraine and are threatening a key supply route for Ukrainian forces to the west, British intelligence said on Friday. Asked to comment on the report, a Ukrainian military command spokesman told Reuters the situation was difficult in Bakhmut and that Russian forces were concentrating all efforts to take […]

BEIJING (Reuters) – Dai Shihong, a former head of the Export-Import Bank of China’s Yunnan branch, has been expelled from the Communist Party and dismissed from public office, the anti-graft watchdog said in a statement on Friday. Dai was found to have taken bribes and abused his position to seek benefits for others, it said. (Reporting by Beijing Newsroom; editing by Jason Neely) Brought to you by www.srnnews.com

By Henriette Chacar and Nidal al-Mughrabi JERUSALEM/GAZA (Reuters) -Israel’s military hit sites in Lebanon and Gaza early on Friday, in retaliation for rocket attacks it blamed on the Islamist group Hamas, as tensions following police raids this week on the Al-Aqsa mosque in Jerusalem threatened to spiral out of control. Loud blasts rocked different areas of Gaza, as Israel said its jets hit 10 targets including tunnels and weapons manufacturing […]

By Cheney Orr and Brad Brooks NASHVILLE, Tennessee (Reuters) -Republicans in control of the Tennessee House of Representatives expelled two Democratic representatives on Thursday for breaking decorum during a gun control demonstration at the statehouse last week in the wake of the latest school shooting. In an extraordinary measure, when lesser forms of discipline including censure were available, the Republican supermajority voted to remove Representatives Justin Jones and Justin Pearson, […]

By Heekyong Yang SEOUL (Reuters) – South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the U.S. Inflation Reduction Act. Government support will include lowering lending rates and insurance premiums by as much as 20% as well as providing more loans […]

TAIPEI (Reuters) – A senior U.S. lawmaker said on Friday he was doing everything possible to speed up the delivery of weapons to Taiwan, suggesting other countries that have the arms could sell them onto the island with U.S. government permission. Taiwan has since last year complained of delays to U.S. weapons deliveries, such as Stinger anti-aircraft missiles, as manufacturers turn supplies to Ukraine to support its defence against Russia. […]

By Stefania Spezzati and Amy-Jo Crowley LONDON (Reuters) -After the accuracy of Revolut Ltd.’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K. banking licence is facing delays, according to two people familiar with the company. Last month, audit firm BDO issued a so-called qualified opinion for Revolut’s 2021 accounts. While BDO said Revolut’s financial statements gave a “true and fair view of the state of the […]