Town Hall News

By Jarrett Renshaw (Reuters) – The White House on Thursday highlighted new U.S. company moves to support electric vehicles (EVs), as final rules on tax credits aimed at boosting the industry are expected this week. Amazon is rolling out the first 3,000 delivery vehicles it has acquired as part of a commitment to bring 100,000 vehicles to the road by 2030, the White House said, and First Student, a major […]

By Huw Jones LONDON (Reuters) – A steadier tone in global stocks continued on Thursday as investors hoped the banking sector had turned a corner on its recent turmoil to help markets end the quarter on a positive note. The dollar and crude oil prices were stable, with calmer markets allowing investors to focus more on the economy, as Spanish inflation fell more than expected in March. Global stocks were […]

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google Cloud has accused Microsoft of anti-competitive cloud computing practices and criticised imminent deals with several European cloud vendors, saying these do not solve broader concerns about its licensing terms. In Google Cloud’s first public comments on Microsoft and its European deals its Vice President Amit Zavery told Reuters the company has raised the issue with antitrust agencies and urged European Union antitrust […]

By Marie Mannes and Helen Reid STOCKHOLM (Reuters) – Fashion retailer H&M reported a surprise operating profit for the December to February period as cost-cutting measures started to bear fruit despite consumers curbing spending, but said a cold spell was holding back sales in March. While H&M showed signs of bringing its costs under control, it still struggled to compete with major rival Inditex, owner of Zara and other brands, […]

SEOUL/TAIPEI (Reuters) -The criteria to qualify for new U.S. semiconductor subsidies could be “burdensome” for companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korea’s trade minister said on Thursday, as Taiwan’s TSMC also expressed concern. Conditions include sharing excess profit with the U.S. government, and three industry sources said the application process itself could expose confidential corporate strategy. Subsidies would come from a $52 billion pool […]

By Yousef Saba and Alaa Swilam DUBAI (Reuters) – United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan has appointed his eldest son Sheikh Khaled as crown prince of Abu Dhabi, the oil-rich capital of the Gulf state, and named his brothers to top roles, state media said on Wednesday. Sheikh Mohammed, who became president and Abu Dhabi ruler last year after running the U.S.-allied OPEC oil producer for […]

By Pavel Polityuk KYIV (Reuters) -Ukraine acknowledged some Russian gains inside the eastern battlefield city of Bakhmut, while insisting on Thursday that it was inflicting greater losses on the Russian attackers than its own forces were taking in defence. In a potential escalation of Russia’s diplomatic feud with the United States, Moscow’s FSB security service said it had arrested an American reporter for The Wall Street Journal, Evan Gershkovich, on […]

By Pavel Polityuk KYIV (Reuters) -Ukraine acknowledged some Russian gains inside the eastern battlefield city of Bakhmut, while insisting on Thursday that it was inflicting greater losses on the Russian attackers than its own forces were taking in defence. In a potential escalation of Russia’s diplomatic feud with the United States, Moscow’s FSB security service said it had arrested an American reporter for The Wall Street Journal, Evan Gershkovich, on […]

TEGUCIGALPA (Reuters) – Honduran President Xiomara Castro will travel to China “soon,” the Honduran foreign ministry said on Twitter on Wednesday, without providing a date for the trip. The announcement came days after China established diplomatic ties with Honduras as the Central American country ended its decades-long relationship with Taiwan. Honduras’ foreign minister traveled to China last week, days after Castro tweeted that her government would seek to open relations […]