Town Hall News

By Mike Collett-White WEST OF SOLEDAR, Ukraine (Reuters) -Ukrainian troops, on the defensive for months, will soon counterattack as Russia’s offensive looks to be faltering, a commander said, but President Volodymyr Zelenskiy warned that without a faster supply of arms the war could last years. The Ukrainian military said early on Friday that 1,020 Russian troops had been killed over the previous 24 hours as they launched unsuccessful attacks on […]

By Balazs Koranyi FRANKFURT (Reuters) -Having raised interest rates at the fastest pace on record to tame inflation, the world’s top central banks are openly contemplating an early end to their rate hikes, not least because of financial turmoil in recent weeks. The U.S. Federal Reserve, the European Central Bank and the Bank of England all raised rates as expected in the last week, but each of them signalled caution […]

HONG KONG (Reuters) -UBS promised retention packages to wealth-management staff in Asia at Credit Suisse, two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its former Swiss rival. In a town hall address in Hong Kong on Friday, Iqbal Khan, UBS’s president for global wealth management, also focussed on stabilising the Credit Suisse Asia team and boosting confidence, […]

Isaac Okoro hit a game-winning 3-pointer in the final second as the visiting Cleveland Cavaliers rallied in the final two minutes for a stunning 116-114 victory over the Brooklyn Nets on Thursday night in New York. The Cavaliers won for the ninth time in 12 games by outscoring the Nets 12-2 over the final 2:13. Donovan Mitchell scored 31 points to lead the Cavaliers, who trailed by nine with 3:32 […]

HONG KONG (Reuters) – Hong Kong’s government announced a series of measures on Friday to attract wealthy family offices to set up in the financial hub as authorities try to restore business confidence and investor allure after three years of severe COVID-19 rules. A revamped investment migration scheme, new tax concessions and incentives such as art storage facilities at the city’s international airport will be part of the offerings for […]

SEOUL (Reuters) – South Korea’s LG Energy Solution Ltd (LGES) said on Friday it would invest 7.2 trillion won ($5.58 billion) to build a battery factory in Arizona, reviving a project paused last year due to adverse economic conditions. The world’s third-ranked electric vehicle battery maker, which supplies Tesla Inc, Lucid Group Inc and other automakers, in June said it was reassessing what was then a 1.7 trillion won investment […]

World Water Day Marked as the Dry Middle East Faces Major Challenges Ahead Experts highlight urgent need for action as billions of people lack access to clean water By Keren Setton / The Media Line World Water Day is celebrated globally every year with a series of events. The theme for this year is “accelerating change” to improve the global situation. Although clean water access remains a problem for many […]

By Ankur Banerjee SINGAPORE (Reuters) – The dollar was pinned near seven-week lows on Friday as nervousness over banks kept investors skittish and traders assessed the Federal Reserve’s chances of a pause to interest rate hikes. The dollar index, which measures the currency against six major rivals, fell 0.097% at 102.48, just above the seven-week low of 101.91 it touched on Thursday. The index eked out a small gain on […]

Turkish Opposition Gets Big Boost From Pro-Kurdish Party Ahead of Election The HDP, or Peoples’ Democratic Party, said it will not field a candidate in May’s presidential election, echoing successful past strategy By Kristina Jovanovski/The Media Line Turkey’s opposition alliance received a major boost on Wednesday in its fight to defeat Turkish President Recep Tayyip Erdogan in May’s elections when the pro-Kurdish Peoples’ Democratic Party (HDP) announced it would not […]