Town Hall News

By Krishna N. Das NEW DELHI (Reuters) – Indian authorities have cancelled or suspended licences of some domestic drug companies as part of action taken against 76 pharmaceutical firms this month for selling adulterated or fake products, a government source said on Thursday. India is known as the ‘pharmacy of the world’ and its pharmaceuticals exports have more than doubled over the past decade to $24.5 billion in 2021-22. But […]

(Reuters) – Meta Platforms Inc executives are discussing a company-wide ban on political advertising in Europe due to concerns that Facebook and Instagram will be unable to comply with upcoming EU regulations targeting online campaigns, the Financial Times reported on Thursday. EU lawmakers in February agreed to tougher rules on targeted political advertising aimed at countering misinformation during elections. The proposed rules require U.S. tech giants to provide more data […]

(Reuters) – U.S. stock index futures rose on Thursday as easing fears of a banking crisis shifted the focus back to key consumer spending data due later in the week that could shape expectations for the Federal Reserve’s future policy path. The banking turmoil, which started earlier in March with the collapse of two regional U.S. lenders, sparked concerns about a broader financial crisis and led to a dramatic shift […]

BERLIN (Reuters) -German public sector employers have launched arbitration proceedings after inconclusive talks in the dispute with unions over pay, effectively suspending strikes that have hit the transport sector until after the busy Easter holiday period. A third round of negotiations with unions Verdi and dbb followed strike action on Monday that brought railways and airports to a near-halt in Europe’s largest economy. It was the country’s largest walkout in […]

BENGALURU (Reuters) – Indian edtech startup Unacademy is laying off 12% of its workforce, citing a funding winter and pressure to turn profitable, according to an internal mail from the company’s chief executive seen by Reuters on Wednesday. “Today… funding is scarce and running a profitable business is key,” CEO and co-founder Gaurav Munjal said in an email sent to all staff. A spokesperson for Unacademy declined to comment on […]

By Lizbeth Diaz CIUDAD JUAREZ, Mexico (Reuters) -Migrants were locked in a cell as a blaze spread killing 39 people at a detention center in Mexico, witnesses and a survivor said on Wednesday, as Mexican prosecutors said they were investigating the incident as a possible homicide. Prosecutors have identified eight people who may be responsible for the deaths on Monday at the center in the northern border city of Ciudad […]

MOSCOW (Reuters) – Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that Moscow would continue to notify the United States of any intercontinental or submarine ballistic missile launches despite suspending the last remaining nuclear arms control treaty between the two countries, the Interfax news agency reported. President Vladimir Putin announced the suspension last month of the New START deal signed in 2010, which limits the number of strategic nuclear […]

By Crispian Balmer and Alvise Armellini VATICAN CITY (Reuters) -Pope Francis spent a peaceful night in a Rome hospital after suffering from a respiratory infection, a Vatican source said on Thursday. The pope was hospitalised on Wednesday after complaining of breathing difficulties, Vatican spokesman Matteo Bruni said, raising fresh concerns over the health of the 86-year-old pontiff, who is suffering from a number of ailments. Bruni has said Francis would […]

(Corrects to add locations of casualties in paragraph 19) By Emily Rose and Steven Scheer JERUSALEM (Reuters) -Prime Minister Benjamin Netanyahu on Monday put off a decision on bitterly contested plans for a judicial overhaul amid fears that Israel’s worst national crisis in years could fracture his coalition or escalate into violence. It was unclear how far the bill’s delay to next month’s new parliamentary session would satisfy either side […]