Town Hall News

(Reuters) – U.S. stock index futures on Tuesday rose ahead of inflation data that is expected to show prices cooled in May, supporting bets that the Federal Reserve could skip raising interest rates this month. The U.S. labor Department’s consumer price index (CPI) reading, due at 8:30 a.m. ET, is expected to show inflation rose 0.2% last month compared with a 0.4% rise in April, with core inflation likely to […]

By Zeba Siddiqui SAN FRANCISCO (Reuters) – Senior U.S. government officials warned on Tuesday of serious national security risks if a key surveillance program set to expire this year isn’t renewed, but declined to share specifics of cases in which it had been useful. Enacted in 2008, the Section 702 statute of the Foreign Intelligence Surveillance Act (FISA) allows U.S. agencies to conduct warrantless searches of information of non-Americans living […]

(Reuters) – Russia’s Defence Ministry released video footage on Tuesday of what it said were German-made Leopard tanks and U.S.-made Bradley Fighting Vehicles captured by Russian forces in a battle with Ukrainian troops. Reuters could not immediately verify the location and timing of the footage, which the Defence Ministry said was filmed on the Zaporizhzhia front in southern Ukraine, one of the areas where Ukrainian forces have been trying to […]

By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy. The euro was up 0.42% to $1.08 on Tuesday, after touching its highest since May 23 earlier in the session at $1.081. That helped push the dollar index, […]

(Reuters) – Russia’s Defence Ministry released video footage on Tuesday of what it said were German-made Leopard tanks and U.S.-made Bradley Fighting Vehicles captured by Russian forces in a battle with Ukrainian troops. Reuters could not immediately verify the location and timing of the footage, which the Defence Ministry said was filmed on the Zaporizhzhia front in southern Ukraine, one of the areas where Ukrainian forces have been trying to […]

By Kanishka Singh, Shilpa Jamkhandikar and Aditya Kalra WASHINGTON/NEW DELHI (Reuters) -India threatened to shut down Twitter in the country unless it complied with orders to restrict accounts critical of the handling of farmer protests, co-founder Jack Dorsey said, an accusation Prime Minister Narendra Modi’s government called an “outright lie”. Dorsey, who quit as Twitter CEO in 2021, said on Monday that India had also threatened the company with raids […]

By Sabine Siebold BRUSSELS (Reuters) – The heads of leading arms-making companies meet NATO defence ministers this week to discuss increasing production and standardising artillery shells as the war in Ukraine depletes stocks. NATO Secretary-General Jens Stoltenbergwarned in February that Kyiv was burning through shells much faster than Western countries could produce them. The start of Ukrainian counteroffensiveis certain to lead to even greater use. But the lack of common […]

By Amanda Cooper LONDON (Reuters) -Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures, and an indication of how much more U.S. rates may […]

By Amanda Cooper LONDON (Reuters) -Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures, and an indication of how much more U.S. rates may […]