Town Hall News

By David Stanway SINGAPORE (Reuters) – Rapidly melting Antarctic ice is dramatically slowing down the flow of water through the world’s oceans, and could have a disastrous impact on global climate, the marine food chain and even the stability of ice shelves, new research has found. The “overturning circulation” of the oceans, driven by the movement of denser water towards the sea floor, helps deliver heat, carbon, oxygen and vital […]

By Blake Brittain and Helen Reid (Reuters) -Sportswear maker Adidas AG on Wednesday reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes. “Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” the company said in a statement. Adidas rescinded its opposition without prejudice, which means […]

By David Lawder and Kanishka Singh WASHINGTON (Reuters) – The United States is working hard to counter China’s influence in international institutions and in lending to developing countries, U.S. Treasury Secretary Janet Yellen said on Wednesday. Yellen said she was concerned by some of China’s activities globally, particularly in lending to developing countries. “I am very very concerned about some of the activities that China engages in globally, engaging in […]

By Hannah Lang (Reuters) -Silicon Valley Bank executives, supervisors at the Federal Reserve and the regulatory system all failed when considering the collapsed U.S. lender, the Fed’s top bank oversight official told a Congressional hearing on Wednesday. “I think that any time you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed,” Fed Vice Chair for Supervision Michael Barr told Congress in […]

By Gabriela Baczynska BRUSSELS (Reuters) – With ten rounds of sanctions since Russia invaded Ukraine in February last year, the European Union has rolled out its toughest punishment ever against a foreign country. The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war. But the impact “will not be severe enough to limit Russia’s ability to wage war against Ukraine in 2023,” […]

ZURICH (Reuters) – Millions of years after dinosaurs ruled the Earth, the skeleton of a giant Tyrannosaurus Rex was introduced to the public in Switzerland on Wednesday ahead of its auction next month. The giant carnivore, named TRX-293 Trinity, is expected to fetch between 5 million ($5.43 million) and 8 million Swiss francs ($8.70 million) when it goes on sale in Zurich on April 18. Standing 3.9 metres high and […]

By Stoyan Nenov DEVIN, Bulgaria (Reuters) – In the rugged Rhodope mountains in southern Bulgaria, many voters have little hope that Sunday’s parliamentary election, the nation’s fifth in two years, will produce a stable government able to tackle corruption, inflation and poverty. The latest ballot was announced in January, following three attempts by various political groupings to put together a functioning coalition after an inconclusive vote in October. The country […]

By Stephen Nellis (Reuters) – Synopsys Inc on Wednesday rolled out new artificial intelligence tools designed to get better results faster in the various stages of designing computing chips. Synopsys makes software that companies use to design computing chips. Modern chips have tens of billions of tiny on-off switches called transistors, and their precise arrangement on the chip has a big impact on the chip’s cost and performance, so designers […]

By Stoyan Nenov DEVIN, Bulgaria (Reuters) – In the rugged Rhodope mountains in southern Bulgaria, many voters have little hope that Sunday’s parliamentary election, the nation’s fifth in two years, will produce a stable government able to tackle corruption, inflation and poverty. The latest ballot was announced in January, following three attempts by various political groupings to put together a functioning coalition after an inconclusive vote in October. The country […]